How to place a long or curt limit social club on TON – USDT perpetual swaps on MEXC crypto exchange
The content of the article:
- Registering for MEXC
- How to deposit Toncoin on MEXC
- How to tiptop up USDT residue on MEXC:
- Remainder replenishment with available cryptocurrency
- Buy from a bank carte du jour
- p2p-purchase from a depository financial institution card
- Ownership Toncoin for USDT
- Basic terms for perpetual swaps trading
- Toncoin trading on perpetual swaps (long or short positions)
On May 14, 2022, the Toncoin cryptocurrency began trading on the MEXC. In improver to trading on this exchange, TONCOIN tin can too be placed in long or short positions on perpetual swaps. Leverage is also available, up to x125.
In this guide, nosotros volition show you how to trade Toncoin on swaps stride by stride on your phone.
Registering for MEXC
Go to the official website of the substitution: world wide web.mexc.com.
To annals, enter your electronic mail address or mobile telephone and set a password. To consummate the business relationship creation, utilize the confirmation lawmaking received at the specified email or phone. In the motion picture with the figures, click on each figure in the order shown in a higher place the image:
To navigate farther instructions and screenshots, download MEXC mobile application (Android or iOS) and
to the created account (click the piffling human icon in the upper corner):
Y’all must hold to the User Agreement and give permission to admission the media (this is necessary for verification). Next, go through identity verification (KYC).
Chief KYC is sufficient for trading. Provide personal data and upload photos of documents:
How to deposit TON on the MEXC
If you lot already have Toncoins, yous can deposit them on MEXC. You can practice this in the
and search for
After that y’all can choose in which network you want to top up TONCOIN (native TON network, or wrapped TON in ERC-20 or BEP-20 networks). Note that in the TON network it is
mandatory to fill
a comment (memo) when transferring, otherwise y’all can lose your funds:
If you don’t take Toncoin yous tin can buy them on MEXC for USDT.
Top up the USDT balance
There are three ways you can fund your USDT residue on MEXC:
ane) Make a eolith to the cryptocurrency balance
2) Buy crypto from a banking company card (Visa / MasterCard)
3) Buy from a banking concern bill of fare using the p2p trading function
i. Making a deposit to the cryptocurrency residue
To transfer USDT from other wallets or exchanges, click on the
department, so click
in the search:
Be careful in choosing a network. By choosing the wrong network, you can lose all your funds! You lot can transfer USDT to this address from other wallets or exchanges:
2. Purchase from a bank bill of fare (Visa / MasterCard)
Go toTrade department, select
and then click
“$”. Choose Credit / Debit Card. In the “Pay” block enter the purchase amount and select a payment currency. In the “Become” block select USDT. Select a payment service provider, and then click
3. Buy from a banking company card using the P2P trading role
MEXC has p2p trading, which allows you to buy cryptocurrency directly from other users.
Become to the
in the upper right corner. To brand a buy from the card, you lot need to get through Primary KYC and specify the Payment settings:
Add payment methods, then the easiest way is to choose the your bank from the general listing. Select
All payment methods:
Find your bank in the list, then fill in the obligatory field
Then you lot can create your own order with the required parameters or cull from a suggested listing of sellers: specify the required amount of USDT, and then you will receive details for payment. When you make the payment, click
I have finished the payment:
Now you lot tin can buy Toncoin for USDT.
Ownership Toncoin for USDT
In the spot market yous tin can identify an order to buy TONCOIN at the price you want.
To purchase TON coin on MEXC, note that USDT must be in a Spot account. Go to the
and check your balance in the
If the spot residuum is empty, tap the “Transfer” button at the superlative of the awarding screen. Enter the necessary amount to transfer and confirm the transfer:
Then yous must go to “Trade” and select the pair TON/USDT (note
– TONCOIN on the exchanges has a ticker TON):
You tin can purchase TON coins either at the marketplace price or at a limit toll. It is better to place a
order, then your order volition be executed at a better price.
Enter your price and amount of
USDT. Then ostend the order placement and wait for its execution.
After the society is executed, TONCOIN will be on the
Learning basic terms for trading perpetual swaps
Before starting to trade, let’s define the basic terms for trading perpetual swaps.
– Futures is a contract that guarantees that a buyer buys an asset at a specified time, in a specified corporeality, at a predetermined cost. Futures has built-in leverage, which allows you to trade more the actual amount in your business relationship.
are futures contracts with no expiration engagement. Like futures, swap allows you to use leverage when making trades. The contracts are entered into without requiring ownership of the underlying nugget that the swap represents. In other words: yous practice not demand to have Bitcoin in society to open a swap on it.
(“long position”, long) – buying an asset in lodge to earn money on its growth.
Short (“curt position”, brusk)
– the auction of a security in society to brand money on its fall.
is the ratio of a trader’s money to the full amount of funds he is trading. The exchange provides funds several times higher than your own. How many times depends on the selected leverage (2x – twice, 3x – three times, etc.). Using leverage allows you to get more income than if the trader used only his own funds. But the losses, respectively, volition also be greater.
is the collateral that the investor must provide to the substitution in society to open a position. For example, if a trader plans to open up a 10:i margin trade on $ten,000, he needs to invest $1,000 every bit collateral.
The margin is
isolated. In the first instance, all trading pairs will depend on one margin account, and in the second, each trading pair will have an contained margin account.
The liquidation depends on
the toll of the marking (asset price), the size of the credit leverage and the amount of margin.The liquidation depends on the price of the marking (asset price), the size of the credit leverage and the corporeality of margin. When the portfolio goes into negative territory, which tin can no longer be covered by the margin, there is a
– This is the state of a liquid portfolio when its value falls below the minimum margin. This may be null more a warning and a strictly formulated proposal to close some or all of the trades or deposit additional money to run into the minimum margin requirements.
If you do not practise this and the level of account funds drops to 10%, a
will happen. At this stage, your trades will be automatically airtight by the broker, starting with the most unprofitable ones. Complete closure of all transactions on the business relationship is also possible.
A liquidation occurs when the price of the label reaches
the liquidation toll of the position. To avoid liquidating a position, traders are brash to pay shut attention to the motility of the characterization cost and the liquidation toll.
Terminate Loss and Accept Profit
are types of protective orders that are placed to automatically shut a trade. Stop loss limits the trader’s possible losses, have profit helps to fix the profit when it reaches the desired level.
Profit and loss argument
– a report showing the investor’s turn a profit and loss for a certain menses. PNL tin exist realized and unrealized.
The realized PNL
shows the profit and loss for a closed position.
is a floating turn a profit / loss ratio for an open up position.
Allow’s see how we tin calculate PNL on swaps using Toncoin as an example.
Let’s say nosotros have
and we want to buy TONCOIN with x10 leverage. Leverage x10 means that the amount of our assets increases 10 times and nosotros buy not for $100, merely for
At the fourth dimension of this writing, the TON money rate is $1,35 per slice. This means we are buying 741 pieces.
We can determine PNL using the post-obit formula:
- If the deal is opened in
= (Market price – Initial buy rate) * Position size.
- If the bargain is opened in
= (Initial sell rate – Marketplace cost) * Position size.
Let’s say we put Toncoin
and after some time information technology went up by 20% and began to cost $i,62.
So our PNL volition exist: 741 * (1,62 – i,35) =
– this figure is our
At present let’s imagine the same situation, the TON money rate went upward by twenty%, but we put information technology
So our PNL volition be: 741 * (1,35 – 1,62) =
– this figure is our
is an important indicator, thanks to which yous can clearly make up one’s mind your efficiency when working in the cryptocurrency market. At the same time, y’all tin can calculate your profit or loss both from ane position and from a series of transactions over a long distance. Only a clear understanding of your results will let you to effectively manage your own capital.
Now you can start trading. Past default your funds are on a Spot balance. To beginning trading, they must be transferred to the
Futures balance. Select the corporeality you want to transfer and click
Fix. Now you have the money in your trading account.
Next, go to the
section and notice
TON – USDT perpetual swaps:
Next, select the toll, margin, quantity and type of the lodge and identify it depending on the demand for long or short:
The bandy value chart tin exist expanded at the bottom of the screen, or opened in a separate window:
Quantity can be specified in contract units or in TONCOIN, 1 Contract Unit = one TONCOIN, choose any of the options:
Check the data you entered and click
Confirm. The club is gear up, while it is in the
Open up orders
section, you tin can
When the cost of the order coincides with the price on the market, the tokens in the lodge are filled and go into
Yous can alter the amount of margin by clicking on the
button in Margin section:
Y’all can identify TP and SL orders by clicking on the
Also, at any time, y’all can alter the size of the leverage (the leverage tin can merely be changed upwards).
When it is necessary to close position, click on the
If you haven’t bought your first Toncoins yet, you tin exercise and so on one of the official partner platforms: CryptoBot, MEXC, OKX, FTX or EXMO. Then you can transfer them to a native wallet and utilise them (store, transfer). If yous have any difficulties with trading Toncoin on perpetual swaps (short or long) or buying coins, do not hesitate to enquire for help in the chat of channel Requite me Gram!