OKX is a globally leading digital asset trading platform, offering secure and reliable services for cryptocurrency transactions. It supports spot trading of major digital currencies like Bitcoin, Ethereum, and Litecoin, as well as fiat-to-crypto pairs (e.g., USD, EUR). Additionally, OKX provides derivatives trading through perpetual and delivery contracts, enabling users to leverage bullish or bearish market movements.
1. Registering for OKX Contracts
Step-by-Step Registration:
- Visit OKX's official website.
- Choose mobile or email registration and complete verification.
- Set a secure password and finalize your account setup.
- Download the OKX mobile app for seamless trading.
Activating Contract Trading:
- Navigate to "Derivatives Trading" after logging in.
- Complete a risk assessment and set a funds password.
- Start trading once approved.
2. Understanding Contract Trading
Contract trading allows speculating on future asset prices without owning the underlying asset. Key features:
- Perpetual Contracts: No expiry, with funding fees balancing long/short positions.
- Delivery Contracts: Fixed settlement dates (weekly, quarterly).
- Margin Types: USDT or coin-collateralized options.
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3. Step-by-Step Trading Tutorial
3.1 Account Setup
- Enable single/cross-currency margin mode.
- Customize order types (limit/market) and units.
3.2 Perpetual Contracts (USDT-Margined)
- Transfer assets to trading account.
- Select a pair (e.g., BTC-USDT).
- Set leverage (5x–100x) and direction (long/short).
Monitor positions:
- Liquidation Price: Risk threshold.
- P&L: Real-time profit/loss.
- Close manually or set take-profit/stop-loss.
3.3 Delivery Contracts (Coin-Margined)
- Choose "Weekly Delivery" under coin-collateralized options.
- Trade based on price forecasts.
- Positions auto-settle at expiry.
FAQs
Q: What’s the minimum investment for OKX contracts?
A: Varies by pair; some start at 1 USDT.
Q: How are funding rates calculated?
A: Based on demand imbalance—paid every 8 hours.
Q: Can I adjust leverage after opening a position?
A: Yes, but it may affect liquidation risks.
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