1. Step-by-Step Guide
Web Platform Instructions
Access the Contract Trading Interface
- Visit the official CoinW website.
- Click the "Contract" button in the top navigation bar.
Select Trading Pair
- Click the currency pair icon on the top-left corner.
- Choose your preferred trading pair (e.g., BTC/USDT).
Place an Order
- Configure the order type (market, limit, or stop), leverage, price, and quantity.
- Note: Transfer USDT from your spot account to your contract account before trading.
Order Types Explained
- Market Order: Executes at the best available price. Only quantity input is required.
- Limit Order: Lets you set a custom price. Requires price and quantity inputs.
- Stop Order: Triggers only when the preset condition (e.g., trigger price) is met.
Monitor Positions & Orders
After opening a position, track it in the following sections:- Positions: Active trades. Modify stop-loss/take-profit, close positions, or reverse orders.
- Copy Trading: Displays copied positions (if applicable).
- Open Orders: Pending orders (cancel anytime).
- Stop Orders: Untriggered stop orders (cancel anytime).
- Order History: Past orders.
- Position History: Closed positions.
- Bill Details: Transaction records (fees, funding, P&L).
Mobile App Instructions
Navigate to Contract Trading
- Open the CoinW app.
- Tap "Contract" in the bottom menu.
Choose a Trading Pair
- Tap the currency pair icon (top-left).
- Select a pair (e.g., ETH/USDT).
Execute a Trade
- Set order type, leverage, price, and quantity.
- Reminder: Fund your contract account with USDT first.
Order Types (Same as Web)
Review Trades
- Positions: Adjust stop-loss/take-profit or close trades.
- Open Orders: Cancel pending orders.
- Stop Orders: Manage untriggered stops.
- History: View past orders/positions.
- Bills: Check transaction details.
👉 Master CoinW Contract Trading
2. Contract Trading Essentials
1. What Is Contract Trading?
CoinW’s USDT perpetual contracts are settled in USDT. Each contract represents a fixed amount of crypto (e.g., 1 BTC/USDT contract = 0.001 BTC). Profit from both rising (long) and falling (short) markets.
2. Leverage Explained
Leverage magnifies capital efficiency. Example:
- Spot Trading: Buy 1 BTC for 30,000 USDT.
- 100x Leverage: Control 1 BTC with just 300 USDT.
3. Long vs. Short
- Long: Profit if prices rise.
- Short: Profit if prices fall.
4. Isolated vs. Cross Margin
- Isolated: Losses affect only the assigned margin for a position.
- Cross: Losses impact the entire contract balance.
Tip: Switch modes only with no active positions/orders.
5. Hedging Mode
- Hedging: Merges same-direction positions (average price).
- Non-Hedging: Tracks positions separately.
Note: Change modes only with no open trades.
6. Stop-Loss/Take-Profit
- Market Order: Closes at current price (slippage possible).
- Limit Order: Closes at a set price (partial fills possible).
Set one-way or two-way (bidirectional) triggers.
FAQ
Q1: How do I fund my contract account?
A: Transfer USDT from your spot account via the "Assets" tab.
Q2: Can I adjust leverage after opening a position?
A: No. Leverage must be set before trading.
Q3: What’s the difference between isolated and cross margin?
A: Cross uses your full balance as collateral; isolated limits risk to a set margin.
👉 Advanced Contract Trading Strategies
Q4: How are funding fees calculated?
A: Fees depend on market demand and are charged every 8 hours for perpetual contracts.
Q5: Why did my stop-loss order not execute?
A: Check if the market price reached the trigger. For limit stops, ensure liquidity matches your price.
Q6: Is contract trading riskier than spot?
A: Yes. Leverage increases both potential gains and losses. Manage risk with stop-loss orders.
Final Tip: Practice with small amounts and study market trends before scaling up.
For more details, visit CoinW’s Contract Trading Guide.