Located in over 200 countries, OKEx is a cryptocurrency exchange that can be customised. Trades may be executed on the platform using a variety of order types and sophisticated features, including spot, margin, DEX, perpetual, futures, and options trading. As an added bonus, OKEx provides a variety of passive income options for your crypto assets like staking, lending, and pooling.
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Now let’s get back to the article…
Margin Trading:
By utilising your capital as collateral, you may borrow money. You may also pick the amount you want to leverage. However, the larger the leverage, the greater the danger.
You might lose all of your collateral if the market does not go in your favour. Without sufficient stop-loss, your collateral may liquidate due to market movements.
OKEx Margin Trading Terms
Leverage
Leverage is the amount a trader borrows from a lender to boost their invested capital. OKEx gives up to 125x leverage. For example, using 2X leverage yields double the real collateral. With 2X leverage, $300 becomes $600, and total capital is $900.
Interest
The lender charges interest on all loans. But in the crypto market and margin trading, the interest is hourly. The interest rate differs between crypto exchanges. However, this hourly rate might be as low as 0.003%.
In this way, traders might make a lot of money in a short time. For further information, see OKEx Margin rates.
Liquidation Price
When you lose a position and OKEx loses money, it instantly sells your assets to cover its losses.
Cross/Isolated
Use the collateral to accept numerous loans in cross margin mode. Opening a cross-margin position might also restrict you from liquidating your losing bets.
In isolated form, a position’s collateral is limited to that position. Furthermore, an isolated position is suggested for novices as it prevents total loss and only loses funds in case of liquidation.
Long/ Short
Long in margin trading involves buying an asset with a rising value. In margin trading, selling an asset with potential depreciation is called shorting. In the future, the price drops, and you purchase back the crypto asset to profit.
OKEx Margin Trading
OKEx offers a margin trading platform with a variety of crypto assets. OKEx now offers over 30 crypto assets with up to 10X leverage.
The OKEx Account also includes 10 accounts for different margin trading kinds. The most a trader can borrow is determined by three factors:
- Margin account balance,
- Primary account, and
- Position margin ratio
Individual borrowing restrictions vary per trading pair. An investor can borrow up to 1,000,000 USDT for BTC/USDT trading and an additional 500,000 USDT for XRP/USDT. The actual amount is provided on the margin trading page.
How to Margin Trade OKEx
This guide will show you how to trade cryptocurrencies with leverage on OKEx. Aside from that, OKEx offers a few additional trading options for experienced traders to help them execute.
Margin Trading Section Navigation and Use
Go to the OKEx site and click Trade on the top menu to pick Margin Trading. The above-mentioned danger is high-margin So traders should fear OKEx’s extra activation step.
Choosing a Margin Trading
Traders may now select their favourite trading pair from the OKEx margin trading window’s left bar. The screen also shows maximum leverage multiples for each margin trading pair.
Leverage Amount
Traders may now select the leverage amount from the blue box called Leverage on the margin trading platform’s top right. OKEx also gives the loan limit and needed maintenance margin. A warning notice appears if the chosen leverage exceeds the recommended margin. After selecting the desired leverage ratio, click Submit.
To enhance your margin position, click Borrow on the asset bar’s right side. Then click Submit to finalise the loan.
Transactions on Margin
You choose ETH/BTC. To buy/sell ETH, click the buy/sell tab. Enter Order Type, Price in BTC, and Crypto Asset Amount. Each cryptocurrency also has a distinct minimum purchase/sale limit. It appears while inputting these data at OKEx.
OKEx Margin Trading Review
Review order history after successful trade submission and execution. This area displays information such as Order and Filled Amount, Average Filled Price, and Status. Check the status of unexecuted orders in Open Orders.
Amount Repaid
On the trading interface, click Repay. Choose a cryptocurrency unit and a payback amount. Finally, click Submit to pay back the loan.
Defaulting on the margin account causes a margin call. Traders either add more cash or liquidate collateral.
Conclusion
OKEx has over 30 crypto assets and 125X leverage. The gateway is safe and reduces danger and exposure. Traders are protected by several alerts and triggers. The exchange offers a range of market kinds at competitive prices. Starting trading on OKEx is a lengthy but simple procedure. Overall, trading is hazardous but may be profitable with careful planning.
