WEEX Quick Buy/OTC guide
This is a general announcement. The features or services mentioned herein may not be available in your region. This service is provided by a third-party payment provider. WEEX is not responsible for processing these transactions.
Dear WEEXer,
WEEX has officially launched our Quick Buy feature to
USDTUSDT is a token Tether USD (now referred to as USDT) based on the stable value currency U.S. dollar (USD), launched by TEDA Tether. 1USDT=1 USD. Users can use USDT to exchange 1:1 with USD at any time.
Tether strictly abides by the 1:1 reserve guarantee; for each USDT token issued, its bank accou
Limit OrderA limit order executes when the market reaches your specified price, or when the market price is better than your set price. The system will match the order at the best available bid or ask price. Compared to market orders, limit orders offer greater control over execution price, making them ideal f
About Auto-deleveraging (ADL).The following text is about Auto-deleveraging (ADL).
1. Trigger conditionsWhen a user is forced to close a position, the remaining position will be taken over by the liquidation system. If the forced liquidation position cannot be liquidated in the market, and the mark price reaches the bankruptcy p
Minimum Price MovementMinimum price movement, also known as tick size, refers to the smallest increment by which a quote can change when trading a particular financial instrument or futures contract.
Exchanges set this parameter based on market conditions to standardize price precision.
For example, if a futures contr
Return on Investment (ROI)The Return on Investment (ROI) refers to the ratio of the current unrealized PnL relative to the position margin. It can also be understood as the investment return of the unrealized PnL, reflecting the current performance of your investment.ROI Calculation FormulaROI = Current Unrealized PnL (USDT)
Maker and TakerThe maker/taker trading mechanism encourages users to place limit orders in advance. Its purpose is to improve market liquidity, stimulate trading activity, and help maintain price stability.
This mechanism incentivizes users to place orders in advance, enhancing market depth and creating a better t
WEEX Futures: GTCDear WEEX User, Hello!
WEEX Contract Regarding [GTC]
GTC (Good Till Cancel) means the order remains effective until it is canceled.
Good Till Cancel (GTC): The order will remain valid until it is fully executed or manually canceled by the trader. GTC is suitable for traders who are willing to wa
Trigger Price and Execution PriceTrigger types: Market price (latest execution price), mark price (fair mark price).
Trigger price: The pending order will be triggered and placed when the latest execution price reaches the set trigger price.
Execution price: The actual price at which the order is placed. Once the last price reache
Maintenance Margin RateWhat is the margin rate?
The margin rate may drop to the minimum maintenance margin rate when the futures trading price fluctuation causes unrealized loss to reach a certain amount, triggering liquidation. The price at that point is referred to as the estimated liquidation price.
Margin rate calcula
Guide: Buy with ChipPayWeb VersionStep 1: Go to the official website, select “Buy Crypto” from the navigation bar, and click “Quick Buy” to enter the page.Step 2:1. Enter the amount you wish to purchase. The system will automatically calculate the amount of crypto you’ll receive.2. Select ChipPay as your payment
Notice on User Withdrawal SecurityDear WEEX user,
To enhance the security of user funds, WEEX requires users to confirm their identity when making large withdrawals and changing their wallet addresses. Please contact our online customer service to verify your wallet address before processing any requests. This will ensure a
Join the WEEX Community!Dear WEEXer,
Join the WEEX global community! Catch wind of the latest platform trends and expert market insights. Exchange trading strategies with fellow crypto enthusiasts from around the world. Use the links below to quick-start your crypto trading journey today!
WEEX Telegram (EN)
X (former
WEEX Futures: Estimated liquidation priceDear WEEXers,
The following text is about estimated liquidation price.
When the futures price reaches a certain value and the unrealized profit and loss reaches a certain level, the margin rate reaches the minimum maintenance margin rate. At this point, the maintenance margin rate equals the minimum
WEEX Futures: Fund transferDear WEEXers,
The following text is about fund transfer,
1. Fund transfer
On WEEX, the same cryptocurrency can be transferred between the spot account and the futures account with no fees.
Example: USDT can be freely transferred between the spot account and the futures account. It can also be tra
WEEX Futures: Unrealized PnL and realized PnLDear WEEXers,
The following text is about unrealized PnL and realized PnL.
User participation in futures trading will inevitably result in either trading profits or losses. There are two types of profits and losses: unrealized PnL from held positions and realized PnL from liquidations.
1. Unre
WEEX Futures: Position tierDear WEEXers,
The following text is about position tier
1. Position tier maintain margin rateIn order to prevent an impact on market liquidity when large positions are liquidated, WEEX's futures implement a position tier to maintain margin rate. That is, the larger the user's position is, the hig
WEEX Futures: MarginDear WEEXers,
The following text is about margin.
1. Margin
1) What is margin?
The leverage principle in futures trading revolves around the margin system, meaning you don’t need to pay 100% of the funds when conducting futures transactions. You only need to invest a small amount of funds, base
WEEX Futures:Cross margin modeDear WEEXers,
The following text is about cross margin mode1. All available funds in a single futures account are treated as available margin. When the position loss exceeds the account balance, the position will be liquidated.
2. The account has a strong ability to carry losses, which is convenient
Futures
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