What is the best way to use Euronext? Full tutorial to get you started

What is the best way to use Euronext? Full tutorial to get you started

One of the largest cryptocurrency trading platforms in the world today, Ouyi Exchange (OKX) offers a wide range of trading products and services, and supports multiple languages and a wide variety of trading pairs. For newcomers, understanding how to use OKX to trade, access funds, and utilize the platform's various features is a learning process. In this article, we will cover the basics of signing up, funding, and trading, as well as the use of advanced features, to help you quickly master the use of Euronext and enhance your trading skills.

Euronext Registration and Account Setup

To start using Euronext, you first need to complete the registration process. This process is very simple and is supported by Taiwan users. Simply go to the official Euronext website, click the "Register" button, enter your cell phone number or email address, and set a password. After registration, in order to protect the security of your account, it is highly recommended to enable two-step verification (2FA), such as through Google Authenticator to set up, so that you can effectively prevent account theft.

After successful registration, you can complete your personal information as needed and proceed to KYC certification (identity verification). After completing KYC, you will be able to open more trading functions, including increasing the trading limit, using fiat currency to recharge, etc.

How to top up your fiat currency

Once your account is set up, you can begin funding your Euronext account. Euronext supports a variety of ways to fund your account, including credit cards, bank transfers, and third-party payment platforms such as Alipay and WeChat Pay, which are commonly used in Taiwan, as described below:

1. Log in to your Euronext account, go to the "Funds" page and select "Top Up".
2. On the top-up page, select the type of fiat currency you wish to top-up (e.g. NTD TWD).
3. Choose the appropriate payment method and follow the instructions on the platform to complete the payment.

Upon completion of the reload, the reloaded funds will be shown in your Euromoney account balance and can be used to purchase and trade cryptocurrencies immediately.

How to Recharge Cryptocurrency

In addition to fiat currency top-ups, Euronext also supports cryptocurrency top-ups. If you already own cryptocurrencies on other platforms, or want to transfer other digital assets to Euronext, it's very easy to do so:

1. Log in to Euronext, go to the "Funding" page and select "Top Up".
2. Select the cryptocurrency you want to top up (e.g. Bitcoin BTC, Ether ETH, etc.).
3. Copy the top-up address for the currency and transfer funds from other wallets or exchanges to this address.

Note that when making a cryptocurrency transfer, you need to make sure that the transfer network matches in order to avoid losing your funds.

Basic trading operations on Eurex

Once you have funds in your account, you can start trading cryptocurrencies. Euronext offers a variety of trading options, including spot trading, futures trading, and perpetual contracts. The most common type of trading is spot trading, which is suitable for most novice users. Below are the steps for spot trading:

1. Go to the "Trading" page of Eurex and select "Spot Trading".
2. In the Pair Selection box, choose the currency pair you wish to trade (e.g. BTC/USDT).
3. In the Buy and Sell panel, select the quantity and price you want to buy or sell. You can choose between a Market Order (to be filled immediately) or a Limit Order (to wait for the right price to be filled).
4. Once set up, click "Buy" or "Sell".

Please note that you need to confirm your selected pairs and amounts to avoid errors.

How to use Stop Loss and Take Profit

In order to better control the risk of trading, Euronext offers Stop Loss and Take Profit features. These functions can help you automatically close your positions in times of high market volatility, minimizing losses or realizing a predetermined profit. How to use them is as follows:

1. Select the "Stop Loss and Take Profit" order in the trading panel.
2. Set Stop Loss and Take Profit prices.
3. Once set, the system will automatically execute trades when the market price reaches your set Stop Loss or Take Profit point, ensuring that you are able to complete trades within the pre-determined price range.

This prevents you from missing the best time to exit, which is especially helpful in the volatile cryptocurrency market.

Eurex Premium Trading Features

For experienced traders, Euronext also offers advanced features such as futures contracts, perpetual contracts, and leveraged trading. These tools allow users to engage in more diversified trading strategies, such as trading long and short positions, and increasing leverage. The use of these advanced features requires a certain degree of risk control, as leveraged trading can magnify losses and profits.

1. Go to the "Futures" page and select a contract to trade.
2. Set the leverage multiplier, e.g. 10x, 20x, etc.
3. To place a long or short trade in accordance with the market conditions.

Before undertaking these operations, it is recommended that users understand the relevant risk management strategies and ensure that they are familiar with the use of these trading instruments.

Euronext Rebates and Offers

Euronext offers a variety of promotions and rebate programs to attract more users to join. For example, Euronext offers a discount on your trading volume or a rebate when you refer a new user. Such rebate programs can significantly reduce trading costs for frequent traders.

1. Log in to your account, go to the "My" page, and find the "Rebates" option.
2. Check for available rebate campaigns or offers and follow the platform's prompts to participate.
3. Register a new user or invite a friend to join and receive a rebate based on trading volume and commission rate.

By participating in these activities, you can make extra money on your trading.

Security on the Eurex Exchange

Euronext focuses on platform security and provides multiple levels of protection to ensure the safety of user funds and data. In addition to basic account passwords and two-step verification, Euronext also supports cold wallet storage, risk control measures, and capital insurance programs.

Users can open the "Withdrawal Whitelist" on the platform, so that only the specified address can withdraw funds, which can effectively prevent the account from being unauthorized. The platform also provides 24/7 customer service support, which can solve users' problems immediately.

Conclusion

Euronext is a full-featured, easy-to-use cryptocurrency trading platform suitable for all types of traders from novice to professional. Whether it is basic spot trading or advanced futures contracts and leveraged trading, it can help users flexibly respond to market changes. We hope that through this article, you will be able to better understand how to trade on Euronext and utilize the various features of the platform to enhance your trading experience.