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KuMEX Lite Has Been Released

KuMEX Lite Has Been Released

01/08/2020, 10:12:18

Dear KuMEX Users,

KuMEX Lite has been released! KuMEX Lite is a simplified version of the current KuMEX platform and aims to improve the contract trading experience and minimize the complexity over the trading process to make contract trading easier and smoother.

KuMEX Lite now supports English and Chinese languages.

How to Trade on KuMEX Lite?

Layout Overview

  1. Market: On KuMEX Lite, you’re available to check the real-time contract product price, markets movement and trends via the market graph.
  2. Contract Data: Different from the current KuMEX platform, KuMEX Lite provides call/put ratio over the current market and a profit calculator to predict your possible earnings over the trades. Moreover, the earning ranking and individual earning history are also available for you to check directly on the interface.
  3. Trading Operation: Except for basic trading features, KuMEX Lite has integrated the crypto purchase, funds transfer, order placement as well as the contract selling in the trading interface.

1. Log In & Sign Up

Sign Up: If you do not have a KuCoin account, please click “Sign Up”for registration. (How to Sign Up on KuCoin?)

Log In: If you’ve already had a KuCoin account, you can log in directly to start the contract trading.

2. Enable Contract Trading

To enable the contract trading, please click the button “Enable Contract Trading” and tick “I Have Read and Agree” to proceed the operation. If you’ve already enabled the function, you can trade contracts directly after login.

3. Buy Crypto / Transfer

（1）If you don’t have sufficient BTC on KuMEX Lite, you can click “Buy Crypto” and purchase Bitcoin via the OTC trading platform or the Buy Crypto service, then transfer the funds from your KuCoin-Main Account to KuMEX Account to start the contract trading.

（2）If your Bitcoin assets are on another platform, you may click "Transfer"->"Deposit" and transfer the BTC to your KuCoin-Main Account, then KuMEX Account to start your contract trading.

（3）If you’ve already had Bitcoin assets on KuCoin, click "Transfer"-"Transfer In“ and transfer BTC from your KuCoin-Main Account to KuMEX account to start the contract trading.

4. Place Order

On KuMEX Lite, you can call or put short the contracts based on the practical market trends. When placing an order, you need to enter your trading amount and select the leverage you plan to apply. The leverage is utilized to multiply your earnings. The higher the leverage is, the greater the earnings you will have and so does the losses you will have to bear. Please be prudent of your choices.

5. Holdings

On KuMEX Lite, if you have placed an order successfully, you can check the profit and loss of your current holding contracts.

Holding Amount: The total contract value of your current positions. Currently, the “Holding Amount = Order Amount + Earnings” on KuMEX Lite.

Earnings: The floating profit and loss of your current holding positions. If positive, you are long. If negative, you are short. The earning percentage refers to the PNL/Order Amount ratio.

Entry Price: The average entry price of your holding contracts.

Liquidation Price: When the current contract price is lower than the liquidation price, your position will be liquidated, (that is, your contracts will be taken over by the liquidation system).

Stop Loss: If enabled, the system will close your position automatically to stop the loss when you lose a certain percentage of your order amount (50% by default). You are recommended to enable the "Stop Loss” feature to avoid your full loss of the contracts due to large price swings in the market.

6、Sell

If you want to sell the contracts, click “Sell/Short” and confirm the operation to proceed When the contract selling is completed, the order placing will again become available. You can check “My Earnings” to check your earning history.

7. Liquidation

If the “Stop Loss” feature is not enabled, when the liquidation price is triggered due to large price swings in the market, the system will sell your orders automatically and you will receive a notification as follows: