Spot Vs. Futures Trading on WEEX Explained

1. 1. WEEX: Spot vs. Futures Trading Explained

This guide provides a beginner-friendly overview of WEEX, a cryptocurrency exchange that offers both spot and futures trading.

== Core Features

• **Spot Market:** This is where you buy and sell cryptocurrencies at their current market price.
• **Futures Contracts:** These are agreements to buy or sell a specific amount of cryptocurrency at a predetermined price and date in the future.

== Supported Assets

WEEX supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and many altcoins. A full list of supported assets can be found on the WEEX website.

== Spot Trading Basics

In the Spot market, you're buying the actual cryptocurrency. When you place a buy order, you immediately receive the coins in your WEEX wallet once the order is filled.

• **Order Types:**

   * Limit order: You specify the exact price you're willing to buy or sell at. Your order will only be filled if the market reaches your price.
   * Market order: You buy or sell at the best available market price. This is ideal for quick trades but the price may fluctuate.

• **Liquidity and Markets:** WEEX has a robust order book, which shows all buy and sell orders at different price levels. This provides transparency and helps ensure orders are filled quickly.

== Futures Trading Basics

Futures contracts on WEEX allow you to speculate on the future price of a cryptocurrency without owning the underlying asset.

• **Contract Types:** WEEX offers perpetual futures contracts. These contracts have no expiry date, allowing you to hold a position for as long as you like.

• **Leverage:** Futures trading on WEEX allows the use of leverage, which amplifies both potential profits and losses.

• **Margin:** To open a futures position, you need to deposit margin, which acts as collateral.

• **Liquidation:** If your position moves against you and your margin falls below a certain level, your position will be liquidated automatically.

== Order Types

Both spot and futures trading on WEEX offer the following order types:

• **Limit order**
• **Market order**

== Security Practices

WEEX prioritizes the security of user funds and employs several measures, including:

• **Two-factor authentication (2FA)**
• **Cold storage for the majority of user funds**
• **Regular security audits**

== KYC/Limits

WEEX requires users to complete a Know Your Customer (KYC) verification process to comply with regulations. This typically involves providing identification documents.

Trading limits may vary depending on your verification level.

== Funding and Withdrawals

WEEX supports various payment methods for depositing and withdrawing funds, including bank transfers and cryptocurrencies.

== Mobile and Web UX

WEEX offers a user-friendly platform accessible through both web and mobile applications.

The interface is intuitive and provides real-time market data, charting tools, and order management features.

== First Steps Checklist

• **Register:** Register here

• **Complete KYC verification.**
• **Fund your account.**
• **Familiarize yourself with the platform's interface and features.**
• **Start with small trades and practice.**

== Risks and Responsible Trading

Trading cryptocurrencies, both spot and futures, involves inherent risks. It's crucial to:

• **Understand the risks before investing.**
• **Only invest what you can afford to lose.**
• **Start with small trades and gradually increase your position size as you gain experience.**
• **Use stop-loss orders to limit potential losses.**
• **Conduct thorough research and due diligence before making any trading decisions.**

Remember, past performance is not indicative of future results.

See also (on this site)

• WEEX Spot Trading: A Beginner's Guide
• WEEX Fee Schedule: What to Expect
• Cryptocurrencies Available on WEEX
• Understanding Order Types on WEEX

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Recommended Futures Trading Platforms

Platform	Futures perks & welcome offers	Register / Offer
Binance Futures	Up to 125× leverage, USDⓈ-M contracts; new users can receive up to 100 USD in welcome vouchers, plus lifetime 20% fee discount on spot and 10% off futures fees for the first 30 days	Sign up on Binance
Bybit Futures	Inverse & USDT perpetuals; welcome bundle up to 5,100 USD in rewards, including instant coupons and tiered bonuses up to 30,000 USD after completing tasks	Start on Bybit
BingX Futures	Copy trading & social features; new users can get up to 7,700 USD in rewards plus 50% trading fee discount	Join BingX
WEEX Futures	Welcome package up to 30,000 USDT; deposit bonus from 50–500 USD; futures bonus usable for trading and paying fees	Register at WEEX
MEXC Futures	Futures bonus usable as margin or to pay fees; campaigns include deposit bonuses (e.g., deposit 100 USDT → get 10 USD)	Join MEXC

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