Understanding Order Types on WEEX

WEEX is a cryptocurrency exchange designed to provide both novice and experienced traders with a platform to buy, sell, and trade a variety of digital assets.

Core Features

**Spot Market:** WEEX offers a spot market where users can buy and sell cryptocurrencies at the current market price. This is a great place to start if you're new to crypto trading.
**Futures Market:** For more experienced traders, WEEX provides a futures market where you can speculate on the future price of cryptocurrencies. This involves using leverage, which can magnify both profits and losses.

Supported Assets

WEEX supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and many more. You can find a complete list of supported assets on the WEEX website.

Spot and Futures Basics

**Spot market**: In the spot market, you buy and sell cryptocurrencies at the current market price. This is the most straightforward way to trade crypto.

**Futures contract**: A futures contract is an agreement to buy or sell a specific amount of a cryptocurrency at a predetermined price on a future date. Futures trading allows you to speculate on price movements and potentially profit from them.

Order Types

WEEX offers several order types to suit different trading strategies:

**Limit order**: A limit order lets you buy or sell a cryptocurrency at a specific price or better. Your order will only be filled if the market reaches your desired price.
**Market order**: A market order is executed immediately at the best available market price. This is a good option if you need to buy or sell quickly, but be aware that the price may fluctuate.

**Stop-Loss Order**: A stop-loss order is designed to limit potential losses. You set a price, and if the market reaches that price, your order will be executed.

Liquidity and Markets

Liquidity refers to the ease with which you can buy or sell an asset. Highly liquid markets have many buyers and sellers, making it easier to execute trades quickly. WEEX strives to provide high liquidity across its supported markets.

The Order book is a key tool for understanding market liquidity and price movements. It displays the buy and sell orders placed by other traders, giving you insight into the current market sentiment.

Security Practices

WEEX prioritizes the security of its users' funds and employs several measures to protect them:

**Two-Factor Authentication (2FA):** This adds an extra layer of security by requiring a unique code in addition to your password.
**Cold Storage:** A significant portion of user funds are stored offline in cold storage, making them less vulnerable to hacking attempts.

KYC/Limits

To comply with regulations and prevent financial crime, WEEX requires users to complete a Know Your Customer (KYC) process. This involves verifying your identity by providing documentation.

Trading limits may vary depending on your verification level.

Funding and Withdrawals

WEEX supports various funding and withdrawal methods, including bank transfers and cryptocurrency deposits.

Mobile and Web UX

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

The interface is designed to be intuitive and easy to navigate, making it suitable for both beginners and experienced traders.

Risks and Responsible Trading

Cryptocurrency trading involves inherent risks, including price volatility and the potential for loss. It's crucial to:

Only invest what you can afford to lose.
Conduct thorough research before making any trading decisions.
Start with small investments and gradually increase your exposure as you gain experience.
Consider using risk management tools like stop-loss orders.

First Steps Checklist

1. **Register an account:** [1] 2. Complete KYC verification. 3. Explore the platform and familiarize yourself with the interface. 4. Start with small trades on the spot market to gain experience. 5. Educate yourself on futures trading before venturing into that market.

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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Understanding Order Types on WEEX

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