全部公告：MEXC 交易所最新动态

2020年6月8日

Limit Order Limit orders allow the trader to set a specific buying or selling price, and the order will be filled at the order price or at a price more favorable than the order price. When a limit order is submitted, if there is no order of which price is more favorable than or equal to the order price available for matching in the order book, the limit order will enter the order book to be filled, increasing the market depth. After the order is filled, the trader will be charged according to the more favorable maker fee. When a limit order is submitted, if an order of which price is more favorable than or equal to the order price is already available for matching in the order book, the limit order will be immediately filled at the current best available price. Because of the liquidity consumed during the order execution, a certain trading fee will be charged as the Taker fee expense. In addition, limit orders can also be used to partially or fully close a take profit limit order. The advantage of a limit order is that it is guaranteed to be filled at the specified price, but there also exists a risk that the order will not be filled. When using a limit order, the user can also switch the effective time type of the order according to their trading needs, and the default is GTC: - GTC (Good ‘Til Canceled Order): This type of order will remain valid until it is fully filled or canceled. - IOC (Immediate or Cancel Order): If this type of order cannot be filled immediately at the specified price, the unfilled part will be canceled. - FOK (Fill or Kill Order): This type of order will be canceled immediately if all orders cannot be filled. Market Order The market order will be filled at the best price available in the order book at the time. The order can be quickly filled without having the trader set the price. The market order guarantees the execution of orders but not the execution price, as it may fluctuate depending on market conditions. Market orders are typically used when a trader needs to make a quick entry to capture a market trend. Trigger Limit Order If the trigger price is set, when the benchmark price (market price, index price, fair price) selected by the user reaches the trigger price, it will be triggered, and a limit order will be placed at the order price and quantity set by the user. Stop Market Order If the trigger price is set, when the benchmark price (market price, index price, fair price) selected by the user reaches the trigger price, it will be triggered, and a market order will be placed with the quantity set by the user. Note: The user's funds or positions will not be locked when setting the trigger. The trigger may fail due to high market volatility, price restrictions, position limits, insufficient collateral assets, insufficient closeable volume, futures in non-trading status, system issues, etc. A successful trigger limit order is the same as a normal limit order, and it may not be executed. Unexecuted limit orders will be displayed in active orders. Trailing Stop Order A trailing stop order is a strategy order for tracking market prices, and its trigger price may change with latest market fluctuations. Trigger price calculation: Sell, Actual Trigger Price = Market's Historically Highest Price - Trail Variance (Price Gap), Or Market's Historically Highest Price * (1 - Trail Variance %) Buy, Actual Trigger Price = Market's Historically Lowest Price + Trail Variance, Or Market's Historically Lowest Price * (1 + Trail Variance %) Trailing orders allow users to select an activation price for the order, and the system will start calculating the trigger price only after the order is activated. Identification for Trailing Stop Order Trail variance: The trail variance is the main condition for calculating the actual trigger price. The actual trigger price will be calculated based on the highest/lowest price of the specified price type after the order activation and the trail variance. Quantity: The number of orders placed. Price type: You can select the last transaction price, fair price or index price as the criteria to activate and trigger trailing orders. Activation price: Activation price is the activation condition of a trailing order. When the price of the specified price type reaches or exceeds the activation price, the order will be activated. The system will only start calculating the actual trigger price upon activation. If the activation price is not defined, the order will be activated upon placement. For example: Case 1 (Sell the rip): The user wants to sell BTC without selecting the activation price (i.e. activate as soon as the order is placed) and the last transaction price is 30,000 USDT. Then, one may set the parameters as follows. [Trail Variance - Price Gap] 2,000 USDT [Quantity] 1 BTC [Price Type] Last Transaction Price In the event where the BTC price keeps increasing to the highest point of 40,000 USDT after the order is placed, and then retraces to 38,000 USDT, reaching the retracement condition (40,000 USDT - 2,000 USDT = 38,000 USDT), the system decides for the user to sell at the market price at 38,000 USDT. Case 2 (Buy the dip): The user wants to buy BTC and the last transaction price is currently 40,000 USDT. Then one may set the parameters as follows. [Trail Variance - Ratio] 5% [Activation Price] 30,000 USDT [Quantity] 1 BTC [Price Type] Last Transaction Price In the event where the BTC price keeps falling to 30,000 USDT after the order is placed, the trailing is activated, it then falls all the way to 20,000 USDT and bounces back to 20,000 USDT * (1 + 5%) = 21,000 USDT, reaching the retracement condition (5%), the system decides for the user to buy at the market price at 21,000 USDT. Post Only Post-only orders will not be filled in the market immediately, which ensures that the user is always a maker and enjoys the yield of the trading fee as a liquidity provider; at the same time, if the order is filled with an existing order, then the order will be canceled immediately. TP/SL TP/SL refers to the pre-set trigger price (take profit price or stop loss price) and trigger price type. When the last price of the specified trigger price type reaches the pre-set trigger price, the system will place a close market order according to the pre-set quantity in order to take profit or stop loss. Currently, there are two ways to place a stop loss order: <ol> <li style="font-weight: 400;" aria-level="1">Set TP/SL when opening a position: This means to set TP/SL in advance for a position that is about to be opened. When the user places an order to open a position, they can click to set a TP/SL order at the same time. When the open position order is filled (partially or fully), the system will immediately place a TP/SL order with the trigger price and trigger price type pre-set by the user. (This can be viewed in open orders under TP/SL.)</li> </ol> <ol> <li style="font-weight: 400;" aria-level="1">Set TP/SL when holding a position: Users can set a TP/SL order for a specified position when holding a position. After the setting is complete, when the last price of the specified trigger price type meets the trigger condition, the system will place a close market order according to the quantity set in advance.</li> </ol>

Liquidation and Risk Limit

2020年6月8日

#FAQ#合约

<h1>I. About Liquidation</h1> MEXC uses the fair price to prevent liquidation due to illiquidity or market manipulation. Your liquidation price and unrealized PNL will be calculated using the fair price. <ul><li style="font-weight:400">Liquidation in Isolated Margin Mode</li></ul> Position Margin + Unrealized P&L ≤ Maintenance Margin + Liquidation Fees When the margin rate = 100%, liquidation will be triggered. <ul><li style="font-weight:400">Liquidation in Cross Margin Mode</li></ul> Equity in cross margin account (excluding margin and unrealized PNL in isolated margin mode, and all order margin) ≤ Maintenance Margin + Liquidation Fees When the margin rate = 100%, liquidation will be triggered. <ul><li style="font-weight:400">Liquidation Process</li></ul> In the event that liquidation is triggered, the system will perform a partial liquidation process in an attempt to avoid a full liquidation of a trader’s position based on the trader’s risk tier. <ul><li style="font-weight:400">Canceling an order: In cross margin mode, all current orders will be canceled. In isolated margin mode, if automatic margin call is enabled, all current Futures orders will be canceled. If the margin rate is still greater than 100% after the cancellation, the system will proceed to the next step.</li><li style="font-weight:400">Long/short self-dealing: Self-deal forced position reduction of cross margin positions in hedged mode (only for cross margin mode). If the margin rate is still greater than or equal to 100%, the system will continue to the next step.</li><li style="font-weight:400">Partial liquidation: If the user's position is at the lowest risk tier, the system will proceed to the next step directly. If tier is greater than the 1st tier, the tier needs to be lowered first, i.e., part of the positions at the current tier will be taken over by the forced liquidation mechanism and liquidated at the bankruptcy price so as to reduce the risk limit tier. The maintenance margin rate is then calculated using the maintenance margin after the reduction to see if it is greater than or equal to 100%. If the conditions for liquidation are still met, the positions will be reduced again until it reaches the lowest tier.</li><li style="font-weight:400">Forced liquidation: If the position is at the lowest tier but the margin rate is greater than or equal to 100%, the remaining position will be taken over by the forced liquidation mechanism and liquidated at the bankruptcy price. (The takeover process does not go through the aggregation system so the bankruptcy price will not be displayed on the market transaction record and K-line.)</li></ul> Process after positions are taken over by the forced liquidation mechanism: <ul><li style="font-weight:400">When a user’s position is taken over by the forced liquidation mechanism at the bankruptcy price, if the position can be executed in the market at a better price, the remaining margin will be added to the insurance fund.</li><li style="font-weight:400">If the position cannot be executed at a price better than the bankruptcy price, the loss will be covered by the insurance fund. Eventually, if the insurance fund is not sufficient to cover the loss of the liquidated position, the position will be taken over by the auto-deleveraging system.</li></ul> <ul><li style="font-weight:400">Calculation of Liquidation Price</li></ul> (1) Liquidation Price (isolated margin mode, users can manually add margin) Liquidation condition: Position Margin + unrealized P&L ≤ Maintenance Margin + Liquidation Fees When the margin rate = 100%, liquidation will be triggered and the price of the forced liquidation is derived from the equation. (In the example below, liquidation fees will be omitted in the calculation process.) Long: Liquidation Price = (Maintenance Margin – Position Margin + Averaging opening price * Quantity * Position size) / (Quantity * Position size) Short: Liquidation Price = (Averaging opening price * Quantity * Position size - Maintenance Margin + Position Margin) / (Quantity * Position size) A user buys in 10,000 cont. of BTC/USDT perpetual futures at 8,000 USDT with an initial leverage multiple of 25x in a long position. (Assume the position of 10,000 cont. is at 1st tier of risk limit with a maintenance margin rate of 0.5%.) Maintenance Margin = 8000x10000x0.0001x0.5%=40USDT; Position Margin = 8000x10000x0.0001/25=320USDT; Calculate the user’s liquidation price: Liquidation Price for the Long position =（40-320+8000x10000x0.0001）/（10000x0.0001）=7720 *In isolated margin mode, users can manually increase the margin of the position to widen the gap it has from the opening price. This will give them a better liquidation price. Hence, users can manually increase the margin to lower the risk of the position when risk limit is high. (2) Liquidation Price (cross margin mode) Liquidation condition: Equity in cross margin account (excluding margin and unrealized PNL in isolated margin mode, and all order margin) ≤ Maintenance Margin + Liquidation Fees When the margin rate = 100%, liquidation will be triggered and the price of the forced liquidation is derived from the equation. (In the example below, liquidation fees will be omitted in the calculation process.) Forced Liquidation Price = (Average Short Position Opening Price * Short Position Quantity * Position size – Average Long Position Opening Price * Long Position Quantity * Position size – Cross Margin Position Maintenance Margin + (Wallet Balance – Position Margin in Isolated Margin Mode – Order Margin + Unrealized PNL of other futures positions in cross margin mode) / (Short Position Quantity * Position size – Long Position Quantity * Position size) A user buys in 10,000 cont. of BTCUSDT perpetual futures at 8,000 USDT with an initial leverage multiple of 25x, and their wallet balance is 500 USDT. Note that this is the user’s only long position in cross margin mode, and there are no other positions in isolated margin mode or pending orders. (Assume the position of the 10,000 cont. is at 1st tier of risk limit with a maintenance margin of 0.5%.) Position Maintenance Margin in Cross Margin Mode = 8,000 x 10,000 x 0.0001 x 0.5% = 40 USDT; The forced liquidation price can be calculated as below: Forced Liquidation Price =（0 * 0 * 0.0001 – 8,000 x 10,000 x 0.0001 – 40 +（500 – 0 – 0 + 0））/（0 * 0.0001 – 10000 x 0.0001）= 7,540 USDT *Different from isolated margin mode, the liquidation price in cross margin mode may change from time to time as the margin might be affected by positions of other trading pairs. In cross margin mode, the initial margin of every position is independent, but the margin is shared. The unrealized PNL of each position may affect the cross margin account equity. When there are multiple cross margin positions in both long and short positions under the same futures, the liquidation price for the two positions will be the same. <h1>II. About Risk Limit</h1> In a highly volatile trading environment, a trader holding a large position with high leverage will likely incur the significant risk of deficit loss. If the insurance fund is depleted, the auto-deleveraging system may be triggered, creating additional risk for other traders. Therefore, the risk limit mechanism is applied to all trading accounts in MEXC. The system uses a tiered margin model for risk control and the leverage multiple depends on the size of the position. The larger the position, the lower the available leverage multiple. Users may adjust the leverage multiple themselves. The initial margin rate is calculated based on the leverage multiple adjusted by the user. <ul><li style="font-weight:400">Position Limit, Maximum Leverage, and Initial margin rate</li></ul> Before opening a position, users are required to adjust the leverage multiple. If the user did not adjust the leverage, the MEXC default leverage multiple of 20x will be applied. However, users can still adjust the multiple. The leverage multiple determines the position limit, where the higher the leverage multiple, the lower the position limit. When the user adjusts the leverage multiple, an alert regarding the position limit will pop out as shown below: <h1 class="wysiwyg-text-align-center"> <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428231353592a42TwZ7A3A4SOf.png" alt="3en.png" width="231" /></h1> <ul><li style="font-weight:400">Maintenance margin rate</li></ul> The maintenance margin rate is not calculated based on the user's adjusted leverage multiple, but the user's position size, which means that the maintenance margin rate is not affected by the leverage multiple. The system divides the position amount into several tiers according to the basic risk limit and incremental amount of the futures. Different maintenance margin rates are applied to different tiers, where the larger the position amount, the higher the maintenance margin rate. (For risk limit details of each futures, kindly check Risk Limit under Futures Information.) The liquidation price is affected directly by the maintenance margin. Therefore, to avoid liquidation, we strongly recommend users to close their positions before the margin balance drops to the maintenance margin level. Please note that under abnormal price fluctuations and volatile market conditions, the system will take additional measures to maintain market stability, including but not limited to: <ul><li style="font-weight:400">Adjustment of maximum leverage</li><li style="font-weight:400">Adjustment of position limits for different tiers</li><li style="font-weight:400">Adjustment of maintenance margin rate of different tiers</li></ul> <ul><li style="font-weight:400">Examples of Risk Limit Mechanism</li></ul> Using BTCUSDT perpetual futures as an example: <table><tbody><tr><td> Tier </td><td> Maximum Leverage </td><td> Holding Positions </td><td> Maintenance Margin Rate </td></tr><tr><td> 1 </td><td> 200x </td><td> 0～525,000 cont. </td><td> 0.4% </td></tr><tr><td> 2 </td><td> 111x </td><td> 525,000～1,050,000 cont. </td><td> 0.8% </td></tr><tr><td> 3 </td><td> 76x </td><td> 1,050,000～1,575,000 cont. </td><td> 1.2% </td></tr><tr><td> 4 </td><td> 58x </td><td> 1,575,000～2,100,000 cont. </td><td> 1.6% </td></tr><tr><td> 5 </td><td> 47x </td><td> 2,100,000～2,625,000 cont. </td><td> 2% </td></tr></tbody></table> Assume the risk limit tiers for BTCUSDT perpetual futures are as shown above. (The figures shown are only an example. To find the actual figures, kindly refer to the risk limit tiers of respective futures.): (1) Leverage multiple determines the user’s position limit When the leverage is adjusted to 200x, it corresponds to the 1st tier of risk limit. The user’s position limit at this time would be 525,000 cont. (including no. of contracts the user is already holding and unfilled open orders). When the user's leverage is adjusted to 50x, it corresponds to the 4th tier of risk limit (47 < user’s leverage ≤ 58). The user’s position limit at this time would be 2,100,000 cont. (including no. of contracts the user is already holding and unfilled open orders). (2) Maintenance margin rate at different tiers based on position size User A buys in 80,000 cont. of BTCUSDT perpetual futures at 10,000 USDT with a leverage multiple of 50x. At this point, the user holds 80,000 cont., which corresponds to the 1st tier of risk limit (no. of open positions: 0 - 100,000 cont.). Hence the user’s position's maintenance margin rate at this point is 0.5%. Later on, as the price of BTCUSDT perpetual futures rises, User A continues to buy in 40,000 cont., meaning the user is holding 120,000 cont. now. This corresponds to the 2nd tier of risk limit (no. of open positions: 100,000 - 200,000 cont.). Hence the position maintenance margin rate is 1%. At this point, if the user’s position is under liquidation risk, liquidation will be triggered. As it is in the higher tier, liquidation by tier will be activated. Position of 20,000 cont. will be liquidated first, lowering the no. of open positions to 100,000 cont. This will lower the risk limit from the 2nd tier to 1st tier and the maintenance margin rate from 1% to 0.5%. The condition of the remaining positions will be monitored and the remaining positions will be liquidated if they remain under liquidation risk. If not, the positions will be kept. Find us on Chinese Telegram:<a href="https://t.me/MEXC_ZH">https://t.me/MEXC_ZH</a> Chinese Twitter:<a href="https://twitter.com/mexczh">https://twitter.com/mexczh</a> English Telegram:<a href="https://t.me/MEXCEnglish">https://t.me/MEXCEnglish</a> English Futures Telegram:<a href="https://t.me/MEXCFutures">https://t.me/MEXCFutures</a> English Twitter:<a href="https://twitter.com/MEXC_Global">https://twitter.com/MEXC_Global</a> English Futures Twitter:<a href="https://twitter.com/MEXCDerivatives">https://twitter.com/MEXCDerivatives</a> Facebook:<a href="https://www.facebook.com/mexcglobal">https://www.facebook.com/mexcglobal</a> Instagram:<a href="https://www.instagram.com/mexcglobal/">https://www.instagram.com/mexcglobal/</a> Medium:<a href="https://medium.com/mexcglobal">https://medium.com/mexcglobal</a> Discord:<a href="https://discord.gg/agZNfksc2T">https://discord.gg/agZNfksc2T</a> Buy USDT now：<a href="https://otc.mexc.com/">https://otc.mexc.com/</a> Create your own referral link today and start inviting friends to enjoy great rebates:<a href="https://www.mexc.com/invite">https://www.mexc.com/invite</a> Enjoy trading on MEXC. The MEXC Team

MEXC Future Trading Modes

2020年6月8日

#FAQ

<ol> <li> Position Modes</li> </ol> (1) Hedge Mode In hedge mode, users must specify whether to open or close a position when placing an order. Users can hold positions in both long and short directions at the same time under the same futures, and the leverages for the long/short positions are independent. In each futures, all long positions are combined, and all short positions are combined. When holding positions in both long and short directions, the positions need to occupy the corresponding margin according to the risk limit level. For example, in BTCUSDT futures, users can open a long position with 200x leverage and a short position with 200x leverage at the same time. (2) One-Way Mode In one-way mode, users do not need to specify whether to open or close a position when placing an order, but only need to specify whether they are buying or selling. Also, users can only hold positions in one direction under each futures at all times. When holding a long position, the sell order will be closed once it is filled, and when the number of filled sell orders exceeds the number of long positions, a short position will be opened in reverse. <ol start="2"> <li> Margin Modes</li> </ol> (1) Isolated Margin Mode The maximum loss of an isolated position is limited to the initial margin and additional position margin used by the isolated position. In the event of liquidation of the position, the user will only lose the margin of the isolated position, and the available balance of the account will not be used as additional margin. By isolating the margin used on a position, you can limit losses on that position to its initial margin amount, which is helpful if your short-term speculative trading strategy fails. Users can manually add margin to isolated positions to optimize the liquidation price. (2) Cross Margin Mode Cross margin mode refers to using all the available balance of the account as a margin to guarantee all cross positions and prevent liquidation. In this margin mode, when the net asset value is insufficient to meet the maintenance margin requirement, liquidation will be triggered. If the cross position is liquidated, the user will lose all assets in the account except the margin of other isolated positions. <ol start="3"> <li> Modify Leverage</li> </ol> At present, hedge mode allows users to use different leverage multipliers for their positions in long and short directions. Any leverage multiplier can be modified within the allowed range of the futures leverage multiplier. It also allows switching of margin mode, e.g. switching from isolated mode to cross margin mode. Please note that at present, if the user has a position in cross margin mode, it cannot be switched to isolated margin mode.

Tutorial for MEXC New-Version Futures

2020年6月5日

#合约

1. Login Visit MEXC official website <a class="ql-link ql-author-20914703" href="https://www.mexc.ai" target="_blank" rel="noopener noreferrer">https://www.mexc.com </a>and select [Futures Markets] under the [Derivatives] menu to do real contract trading. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232723206IHOrnACt9A4bzr.png" alt="1.png" /> 2. Please learn the swap interface carefully. It mainly includes contract information, trading pairs, price information, position and order information, depth picture and limit / stop-limit order window. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232724846oMQK7G8ltF4o0Y.png" alt="2.png" /> 3. Trading (1) MEXC Swap includes USDT swap and inverse swap. USDT swap takes USDT as margin, while inverse swap takes the corresponding cryptocurrency as margin. Users can trade either of them according to demand. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232726285FPvUgZ3JIyq285.png" alt="Trading_1.png" /> (2) Asset Transfer. If the contract balance is insufficient, users can transfer the asset from the spot account to the contract account. If there’s insufficient balance in the spot account, users can deposit or do OTC trading. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282327276855IuePHtZlzmJqE.png" alt="Transfer.png" width="300" height="705" /> (3) Place an order at the order window and click [Buy] or [Sell]. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232729098A2mGOtPEbw6r2x.png" alt="Order.png" width="300" height="604" /> 4. Leverage MEXC Futures provides 1 - 125x leverage. The leverage multiplier is different based on the specific product. The leverage multiplier is determined by the initial margin and maintenance margin, and the leverage multiplier determines the minimum asset required to open or maintain a position. You can check the minimum initial margin and maintenance margin required for all contract products here. **MEXC Swap now supports users to modify leverage multiplier in both long and short directions under isolated margin mode. [How to modify multiplier] For example, the leverage multiplier for a user’s long position is 20X, and the short position is 100X. To lower hedging risks, the user wants to adjust the 100x short position to 20x. <img src="https://support.mexc.com/hc/article_attachments/4408124627609/Short_100x.PNG" alt="Short_100x.PNG" /> Click [Short 100x] and adjust the leverage multiplier you prefer. Here we adjust it to 20X and click [Confirm]. <img src="https://support.mexc.com/hc/article_attachments/4408124640409/20x.PNG" alt="20x.PNG" /> After adjustment, the leverage multiplier for the short position turns to 20X. <img src="https://support.mexc.com/hc/article_attachments/4408132879001/after_20x.PNG" alt="after_20x.PNG" /> 5. Cross margin The cross margin refers to the use of all available balances in the account as margin to avoid forced liquidation. Any other position that has achieved profit can also be margin for losing positions. The cross margin includes the initial margin and available balance of the contract account, and the losing balance will not be margin to other cross positions. MEXC contract now supports the adjustment from isolated margin to cross margin, but not from cross margin to isolated margin. 6. Isolated Margin Under isolated margin mode, even if the position is liquidated, the maximum loss will only be the position’s initial margin and the added margin. The available balance will not be used as a margin. Therefore, if the investing strategy is wrong, isolated margin mode will limit your loss. Users can add margin manually to increase/decrease the liquidation price. If a user adjusts the leverage multiplier after adding margin, the margin added will be reset. *By default, Futures is under isolated margin mode. Click [Cross] to turn the contract into cross margin mode. <img src="https://support.mexc.com/hc/article_attachments/4408124658585/cross.PNG" alt="cross.PNG" /> *MEXC contract now support the adjustment from isolated margin mode to cross margin mode, but not vice versa. [How to adjust?] MEXC Contract supports users to adjust leverage multiplier in either long or short direction simultaneously. Users can adjust to any leverage multipliers under the isolated margin mode. For example, if a user holds 20x long for BTC/USDT swap in isolated mode, and he wants to adjust the isolated mode into cross margin mode. He can first click [Long 20x], and then [Cross], at last [Confirm]. 7. Open Long/Short (1) Open long If the trader judges that the market price will rise in the future, he can buy long of the contract. Buy/long is actually buying the contract at the right price, waiting for the market price to rise and then selling (close position) to earn the difference, similar to the spot transaction, referred to as "buy first and then sell". (2) Open short If the trader judges that the market price will fall in the future, he can sell short of the contract. Open short is actually selling the contract at the right price, waiting for the market price to fall and then buying to earn the difference, referred to as “sell first and then buy”. 8. Order type MEXC Contract supports various order types to satisfy the trading demand of different users. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428232731329L3qtkuPcS2SQ3I.png" alt="Order_Type.png" /> 1. Limit order Users can place an order at a limit price, and the order will be filled if the market price reaches the limit price. 2. Best Bid and Offer (BBO) Users do not need to set a price, and orders will be filled instantly at the best market price at the time. 3. Trigger-limit There's "Trigger Price" and "Price". When the market price meets the "Trigger Price", the system will put the order at the "Price", which is the limit price. 4. Post Only Post Only means that the orders placed by the users will not be filled immediately. Hence, the users will always be the maker who can enjoy the benefits as liquidity providers. 5. Immediately or cancel (IOC) The limit has to be filled completely at the limit price. If not, the order will be cancelled. It cannot be partially filled. 6. Market-to-Limit (MTL) The order will be filled at the best price and the unfilled order will be converted into a limit order. 7. Set Stop-Limit MEXC Futures supports setting Take-profit and Stop-loss prices at the same time. Take short BTCUSDT as an example, open a short position at the price of 10,300 USDT, fill in the Take-profit price at 10200, the Stop-loss price at 10400, and click on [Short] to set both Take-profit and Stop-loss prices. What are the advantages of Futures? For example, suppose that traders A and B participate in BTC trading at the same time, A uses BTCUSDT Futures, B buys spot directly (equivalent to no leverage). The BTC price at the time of opening position is 7000 USDT, the opening value is 1 BTC, and the face value of BTCUSDT Futures is 0.0001 BTC. <div class="ql-long-20914703"> Open Long </div> If the BTC price rises to 7500 USDT, we compare the earnings of A and B: <table></table> <table><tbody></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Project </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> A- Futures </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> B - Spot Trading </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Open value </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 7000 USDT </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 7000 USDT </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Opening position Value </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 10,000 contracts (about 1BTC) </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 1BTC </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Leverage multiple </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 100 times </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> without leverage (1x) </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Position margin </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 70 USDT </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 7000 USDT </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Earnings </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 500 USDT </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 500 USDT </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Yield rate </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 714.28% </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 7.14% </td></tr></tbody></table> <div class="ql-long-20914703"> </div> <div class="ql-long-20914703"> Open Short </div> If the BTC price drops to 6500 USDT, we compare the A and B earnings: <table></table> <table><tbody></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Project </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> A- Futures </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> B - Spot Trading </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Open value </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 7000 USDT </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 7000 USDT </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Opening position Value </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 10,000 contracts (about 1BTC) </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 1BTC </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Leverage multiple </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 100 times </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> without leverage (1x) </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Position margin </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 70 USDT </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 7000 USDT </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Earnings </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 500 USDT </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 500 USDT </td></tr></tbody></table> <table><tbody><tr></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> Yield rate </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top" width="216"> 714.28% </td></tr></tbody></table> <table><tbody><tr><td class="ql-sheet-cell ql-vertical-top"> 7.14% </td></tr></tbody></table> If you need more information about the calculations, use the "Calculator" in the upper right corner of our trading page. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282327326862IWqnzTIiwako7.png" alt="calculator.png" />

Automatic Deleveraging System (ADL)

2020年4月20日

#FAQ

When a trader’s position is liquidated, the position is taken over by MEXC's perpetual contract liquidation system. If the liquidation cannot be filled by the time the fair price reaches the bankruptcy price, the ADL system will automatically deleverage the positions of traders with reverse positions. The order of deleveraging is based on leverage and profit ratio. Automatic Deleveraging Ranking System: （1）Deleveraging Process The trader’s positions are liquidated based on the bankruptcy price of the positions. If the insurance fund is still not enough, automatic deleveraging will be triggered. The effective leveraging PNL ranking is calculated by the counterparty based on profits and effective leverage. Traders who trade aggressively and earn the most profits will be marked with ADL sequence priority. Automatic deleveraging at bankruptcy prices of ADL executed parties with the top traders in terms of effective leverage PNL. Automatic Deleveraging Ranking Calculation: Ranking = PNL Percentage * Effective Leverage (if profitable) = PNL Percentage / Effective Leverage (if loss) where Effective Leverage = abs(Mark Value) / (Mark Value - Bankruptcy Value) PNL percentage = (Mark Value - Avg Entry Value) / abs(Avg Entry Value) Mark Value = Position Value at Mark Price Bankruptcy Value = Position Value at Bankruptcy Price Avg Entry Value = Position Value at Average Entry Price The system will sort these positions from highest to lowest. <audio style="display: none;" controls="controls"></audio>

Withdrawal Risk Warning Notice

2020年4月16日

#充提

<div><div style="white-space:normal">Dear MEXCers,</div><div style="white-space:normal"> </div><div style="white-space:normal">Conducting a withdrawal involves a risky endeavor of asset transfer. Before making a withdrawal, please read this risk warning notice carefully and be aware of the various risk factors associated with this service. Fully understand the potential risks of making a withdrawal, thoroughly consider your own risk awareness, risk identification ability, and risk tolerance, and make a cautious decision whether to proceed with the withdrawal service.</div><div style="white-space:normal"> </div><div style="white-space:normal">Upon confirming this service notice, it will be deemed that you have thoroughly read and understood the entire content of this risk warning notice, and voluntarily opted for MEXC's withdrawal service. It will also be deemed that you possess sufficient understanding of your own risk awareness, risk identification ability, and risk tolerance regarding withdrawals, and voluntarily undertake the risks and legal responsibilities that may arise from conducting withdrawals.</div><div style="white-space:normal"> </div><div style="white-space:normal">MEXC hereby provides the following risk warning notice and statement:</div><div style="white-space:normal"> </div><div style="white-space:normal">1. Change of asset ownership: Once withdrawn to another address, the assets will be subject to the control of the individual or platform associated with the withdrawal address;</div><div style="white-space:normal">2. Platform's inability to recover withdrawn assets: Once the withdrawal is completed, the platform will be unable to assist you in recovering the withdrawn assets;</div><div style="white-space:normal">3. Asset loss as a result of withdrawal to suspicious addresses or platforms: If you are enticed to withdraw to suspicious platforms operating Ponzi/pyramid schemes, there is a high likelihood that you will be unable to withdraw your assets from such platforms;</div><div style="white-space:normal">4. Falling victim to fraudulent withdrawals: If you are enticed by promises of high returns through activities such as arbitrage and airdrops, and you withdraw your assets to gambling websites, scam platforms, or similar schemes, there is a high likelihood that you will lose your withdrawn assets;</div><div style="white-space:normal">5. Non-repayment of loans: If you lend your assets to another individual and withdraw them to the borrower's address, but the other party subsequently refuses to repay the loan, the platform will be unable to assist you in recovering the withdrawn assets;</div><div style="white-space:normal">6. Involvement in money laundering risks: If you are entrusted or coerced into assisting others in purchasing cryptocurrencies and subsequently withdrawing them, which may involve engaging in money laundering behavior, you could be considered an accomplice and will be personally responsible for the corresponding legal consequences;</div><div style="white-space:normal">7. Withdrawals to incorrect addresses: If you mistakenly withdraw your assets to an incorrect address due to personal filling errors, the platform will be unable to assist you in recovering the withdrawn assets;</div><div style="white-space:normal">8. Risks associated with participating in ICOs: ICO crowdfunding involves high-risk investment behavior. Please exercise caution and avoid withdrawing funds directly to the ICO crowdfunding addresses. Doing so will result in the inability to receive the digital assets raised through crowdfunding;</div><div style="white-space:normal">9. Risks due to force majeure: This includes, but is not limited to, unforeseeable events such as war, financial market crises, natural disasters, major political events, hacker attacks, computer virus outbreaks, and any other unpredictable risks that may result in losses from withdrawals. Users are responsible for any losses incurred due to force majeure and unforeseen events;</div><div style="white-space:normal">10. Loss of assets due to user error: User errors include, but are not limited to, losses caused by poor decision-making, improper operations, forgotten or disclosed passwords, password cracking, third-party intrusion into the individual's computer systems, malicious or improper operations by others when acting as agents for transactions.</div><div style="white-space:normal"> </div><div style="white-space:normal">Special Reminder: This risk warning notice does not cover all the risks associated with withdrawals. Before withdrawing funds on MEXC, users should fully understand the relevant policies and regulations, carefully read the platform's relevant service agreements, and carefully consider their own risk tolerance based on their individual circumstances.</div><div style="white-space:normal"> </div><div style="white-space:normal">You acknowledge and guarantee that you have carefully read this risk warning notice, fully understand all the risks mentioned above, and voluntarily accept the responsibility for any losses incurred as a result.</div></div>

Issues in Spot Trading

2020年3月16日

#现货

1. Why can't I enter the buy/sell amount? Please make sure that you have a sufficient amount in your account. If the amount is insufficient, you cannot enjoy the transaction. 2. I only bought USDT, why can't I trade? The USDT you purchase in fiat trading will be put into your fiat account, you need to transfer them to your spot account before you trade. 3. Where can I see my transaction records? Your transaction record can be seen in your "Orders"-"Currency Order"-"Historical Orders". 4. Why can't I see all my transaction records? At present, you can only see your transaction records for nearly a month in your account. If you need to inquire more transaction records, please submit an application through online customer service, and we will send it to your registered mailbox in about 3 working days. 5. Why is my transaction record different from my order record? The transaction is usually divided into multiple partial transactions, please check the total amount, it should be the same as the amount you placed. 6. Is there a market order method for currency trading? At present, we do not have a market-based pending order for currency trading, and all require you to manually enter the price and quantity for pending orders. 7. What is the innovation zone? Tokens in the innovation zone often belong to a category with relatively large price fluctuations. Compared with the mainboard market, the products in the innovation zone are also more risky and require a careful operation. It is worth mentioning that the tokens in the innovation zone are limited in time and not inconvenient. If the tokens in the innovation zone return to normal fluctuations, it is possible to move to the mainboard for trading at a later stage after the volume rebounds. Announcement notice. 8. How should I add my frequently used trading pairs? You can search for the token you want in the search bar on the right, and click the "☆" next to add a favorite. 11. How should I read the introduction of this project? On the web page, you can click on the transaction pair on the left side of the page to check the "XXX data" below, and on the mobile terminal, you can click on the transaction pair and view the introduction in the "currency details" in the drop-down page. 12. Why are the percentage in the daily line rising and the decline in the Kline showing? Because the percentage change in the daily line is calculated at 0 points, and the Kline in the daily line is updated at 8 points. 13. Can't the app's trading interface set the parameters of technical indicators? The parameter setting of the technical indicators on the App side is under development, so stay tuned. 14. How should the moving average be selected on the web? You can click "⚙" in the market trading interface and the "Indicator" button next to it to make a selection. 15. How to set the night mode on the mobile App interface? You can click on the avatar in the upper left corner to enter the "My" interface and turn on the night mode next to the "⚙" button. 16. Can the exchange set up red and green? The web page can be set to go up and down, click the "⚙" button on the trading interface to set. 17. When is the daily trading volume of MEXC calculated? It starts at 16:00 (UTC) every day. 18. When did the MEXC increase or decrease start to be calculated? It starts at 16:00 (UTC) every day. 19. When did the daily K-line chart of MEXC start to update? Updated every day at 00:00 (UTC). Please feel free to contact live customer service:

What is Stop-Limit Order?

2019年12月27日

#新手指南

"Stop-Limit" order is a kind of pre-set order that users are able to pre-set stop price, limit price, and buy/sell amount. When the latest trading price reaches the stop price, the system will automatically place the order at the limit price to order book.Definition Stop price: Upon the latest traded price reaching the stop price, the pre-set order will be executed. Limit price: The price that the user enters to buy/sell the cryptocurrency. Amount: The amount that the user enters to buy/sell the cryptocurrency. For Example: The market price of BTC is now lower than 45,000 USDT. A user believes the price of 43,000 USDT is an important resistant position. If the market price breaks 45,000 USDT mark, there will be a bullish trend. Therefore, the user could set the stop price at 43,000 USDT and limit the price at 45,200 USDT. This function exempts users from physically observing the market all 24 hours.Note: If the price experience high volatility, the stop-limit order may fail to be concluded.How to place stop-limit order? Place order: Select "Stop-Limit", set the Stop price at 40,000 USDT and Limit price at 396.3 USDT and the amount of 0.00998 and click "Buy BTC". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230546576lpfQzmG8ziSmqR.png" alt="Screenshot_2021-08-20_at_9.24.29_PM.png" style="max-width:100%;height:auto" />Order review: After the order being placed, you can check the order record under "Stop-Limit". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230548062ELT2Q0DNKvWBXW.png" alt="Screenshot_2021-08-20_at_9.25.37_PM.png" style="max-width:100%;height:auto" />History record: After the stop-limit order is concluded or cancelled, you can check history records at "Orders" >"Spot" > "Stop-limit". <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230549577O7OpCXsvRyUGu5.png" alt="Screenshot_2021-08-20_at_9.30.45_PM.png" style="max-width:100%;height:auto" />

How to Join PoS?

2019年8月16日

#新手指南

Step 1: Login > My Asset <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F202304282306578905GxOiZYGFzmCGn.png" alt="mceclip0.png" style="max-width:100%;height:auto" />Step 2: Choose the currency available for “PoS” and click “Join PoS”Note: Now DASH, VSYS, ZEL, PCX, IMG and BHD are now first included in the PoS program. (More currencies will be included at a later stage.) <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230659397amJUhKod2vPzyC.png" alt="mceclip1.png" style="max-width:100%;height:auto" />Step 3: After you click “Join PoS”, a popup will tell you the minimum amount required for PoS, estimated yearly staking yield rate, etc., please read it carefully. If you agree, tick the box and click “Confirm”.Note: Please ensure your minimum holding≥minimum amount required for PoS. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230700794VWfzgUr6ppxUwJ.png" alt="mceclip2.png" style="max-width:100%;height:auto" />Step 4: After click “Confirm”, you join the PoS program successfully. If you want to check your income, you can go to “Fund Record”>”Mine pool income”. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230702221vYjlMjMO7ZzVKv.png" alt="mceclip3.png" style="max-width:100%;height:auto" /> Note: 1. The specific yield rate and yield distribution time are subject to the rules in the popup when you click “Join PoS”.2. Take “your earnings will start to be counted 2 days after you join PoS” as an example. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230703738vjpbPRJnNCZG01.png" alt="mceclip5.png" style="max-width:100%;height:auto" />3. You can quit PoS at any time by click “Quit PoS”. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230705111EwX7aPxL8UzAHc.png" alt="mceclip4.png" style="max-width:100%;height:auto" />Note:1. The estimated yearly staking yield rate is about to be adjusted according to the real earnings of the staking pool.2. Your holdings will be recorded several times each day, and the minimum holding will be used to count your earning.3. Trade/withdrawal of the currency that you join PoS is available at any time. i.e. the asset when you join the PoS program is not locked.4. If the recorded amount of your holding is less than the minimum amount required by PoS program, it then quits automatically.

How to Download IOS APP through TestFlight?

2019年8月10日

#FAQ

Sometimes, MEXC APP (IOS) may go wrong and become unavailable. How to solve such a problem? MEXC recommend users to download the MEXC APP through TestFlight. Hint: Please uninstall your MEXC APP before download. Step 1: Copy the link below and open it via “Safari”.<ul style="list-style-type:disc"><li> https://m.mexc.la/mobileApp/testflight</li><li> https://apple.itunesdeveloper.com/index.php/Download/testflight.html?code=ni5sc</li></ul><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230711794cPirwd4PIVNxgQ.png" alt="mceclip0.png" width="353" height="85" style="max-width:100%;height:auto" />Step 2: Click “View in APP Store” and download “TestFlight”. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230713289UABpHqte4EZIgP.png" alt="1.png" width="240" height="404" style="max-width:100%;height:auto" /> Step 3: Click “Open” and “Continue”. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230714765pUPsjgndDRiFRi.png" alt="2.png" width="224" height="397" style="max-width:100%;height:auto" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230716298RIfUYTFoSxjxre.png" alt="3.png" width="247" height="392" style="max-width:100%;height:auto" />Step 4: The page will skip to TestFlight automatically, and then click “INSTALL”. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230717690WhoXoz5o6Y7I6C.png" alt="4.png" width="374" height="119" style="max-width:100%;height:auto" />Step 5: Click “Next Step” & “Start Testing” & “Agree” button. <img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230719099KezUEDRKaEjvCv.png" alt="5.png" width="280" height="443" style="max-width:100%;height:auto" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230720486C4n0wx8PW2kFyq.png" alt="6.png" width="290" height="457" style="max-width:100%;height:auto" /> Congratulations, you have installed MEXC App successfully ! Hint:1. Updating: If there is any new version, you can update it directly through TestFlight.2. In case of failure of the new version, you are able to switch to the old version.<img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230721849hcdzj2TejWIU9q.png" alt="mceclip4.png" style="max-width:100%;height:auto" /><img src="https://mexc-rainbown-activityimages.s3.ap-northeast-1.amazonaws.com/banner/F20230428230723225rx2OxXSsYBU2DL.png" alt="mceclip6.png" style="max-width:100%;height:auto" /> <div id="gtx-trans"><div> </div></div>

Types of Order on MEXC Futures

Liquidation and Risk Limit

MEXC Future Trading Modes

Tutorial for MEXC New-Version Futures

Automatic Deleveraging System (ADL)

Withdrawal Risk Warning Notice

Issues in Spot Trading

What is Stop-Limit Order?

How to Join PoS?

How to Download IOS APP through TestFlight?