Open long term positions with CoinEx on 3 common exchanges

Today we open futures positions with CoinEx on 3 cryptocurrency exchanges: Binance, KuCoin and CoinEx, let us see which platform is the ideal. (This posting displays private working experience and is for informational functions only.)

Open long term positions with CoinEx on 3 common exchanges

Binance

Let’s commence with Binance, which primarily consists of USDT-M Futures (linear contract), Coin-M Futures Contract (reverse contract), Binance Leveraged Token and Binance Option. Specifically, customers can trade USDT-M Futures and Coin-M Futures straight on the Binance web-site. However, to trade with Binance Option, traders want to download the Binance app.

Futures trading interface on Binance Exchange

On Binance, customers can spot seven kinds of orders, like Limit, Market, Stop Limit … and pick to invest in or promote brief. After opening a place, the consumer can examine the open orders and transaction background at the bottom of the web page.

After opening a place, the consumer can examine the open orders and transaction background at the bottom of the web page

It ought to be mentioned that customers have to total KYC verification prior to trading futures on Binance. To get started off with Binance’s solutions and solutions (e.g. depositing, trading and withdrawing cryptocurrencies), the two outdated and new customers have to initial total the KYC verification.

Overall, with the brand as the primary cryptocurrency exchange in the globe, Binance delivers a total assortment of cryptocurrency futures contracts on a rather streamlined internet interface. To trade futures on Binance, customers have to total the KYC verification. Furthermore, customers ought to also be cautious with this platform due to the difficulty of defending consumer rights, like manipulating charts and clearing orders.

KuCoin

KuCoin’s crypto contracts section at this time delivers leveraged tokens and futures. The KuCoin futures interface is rather comparable to Binance: the present market place disorders and purchase guide are on the left and the margin pattern and purchase form are on the ideal. KuCoin also delivers a broad assortment of functions, from contract calculators to Take Profit & Stop Loss. However, on KuCoin, traders can only spot restrict orders.

On KuCoin, traders can only spot restrict orders

KuCoin delivers no additional than a hundred USDT signed futures markets. Additionally, in background, September 2020 also marked the most significant crypto hack of that 12 months, when $ 280 million really worth of assets had been stolen from KuCoin. Therefore, traders ought to thoroughly examine the safety of the platform prior to joining KuCoin.

CoinEx

On CoinEx, all crypto contracts are futures contracts. Users can trade linear / reverse contracts (equivalent to USDT-M Futures and Coin-M Futures as on Binance and KuCoin).

CoinEx’s futures web page is made to be easy and effortless to fully grasp

The CoinEx futures web page is made to be easy and effortless to fully grasp with clear segments. CoinEx delivers 4 kinds of futures orders: restrict orders, market place orders, restrict quit orders and quit market place orders. CoinEx has integrated an effortless-to-fully grasp futures guide.

CoinEx delivers 4 kinds of futures contracts
Instructions for making use of CoinEx futures contracts

CoinEx also delivers functions this kind of as TP&SL and contract calculator. Furthermore, the platform lets customers to shut positions with a single click. Additionally, CoinEx does not call for futures traders to total KYC verification. To open a place and commence futures trading on CoinEx, customers only want to log into their CoinEx account and transfer assets to the futures account.

Above is an overview of some similarities and distinctions concerning three common cryptocurrency exchanges. It is up to the consumer to make an investment choice. Please examine thoroughly to fully grasp the platform prior to depositing revenue for an purchase.

Information on CoinEx and the ViaBTC ecosystem

CoinEx is a specialist cryptocurrency exchange support supplier with international operations. The CoinEx exchange was established on twelve/2017 and is primarily based in Hong Kong. CoinEx is formulated by elite workers in many fields this kind of as Blockchain, finance and solutions. CoinEx is a member of the ViaBTC ecosystem which incorporates: CoinEx Cryptocurrency Exchange, CoinEx Smart Chain (CSC), OneSwap Decentralized Exchange, ViaBTC Pool, By means ofWallet Wallet, Investment Fund ViaBTC Capital investment.

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Note: This is sponsored articles, Coinlive does not straight endorse any facts from the over posting and does not promise the veracity of the posting. Readers ought to carry out their very own investigation prior to generating choices that have an impact on themselves or their firms and be ready to consider obligation for their very own options. The over posting is not to be viewed as investment information.

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