Market Cap: $2.7965T 0.480%
Volume(24h): $121.5102B -17.520%
Fear & Greed Index:

20 - Extreme Fear

  • Market Cap: $2.7965T 0.480%
  • Volume(24h): $121.5102B -17.520%
  • Fear & Greed Index:
  • Market Cap: $2.7965T 0.480%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

How to open leverage on OKX mobile version

To initiate leveraged trading on the OKX mobile app, first ensure you have sufficient funds in your Funding Account and understand the concepts of leverage and margin.

Nov 10, 2024 at 04:03 am

Step 1: Access OKX Mobile App

  1. Download the OKX app from the official website or the Google Play Store / Apple App Store.
  2. Launch the app and create an OKX account or log in if you have an existing account.
  3. Complete the identity verification process to enhance your account security and unlock advanced features.

Step 2: Transfer Funds to Funding Account

  1. Leverage trading requires you to have sufficient funds in your Funding Account.
  2. Click the "Assets" tab at the bottom of the app screen.
  3. Select the "Funding Account" tab and click on "Deposit."
  4. Choose the desired crypto asset and copy the deposit address provided.
  5. Transfer crypto from your external wallet or exchange account to the OKX Funding Account address.

Step 3: Navigate to the Futures Trading Interface

  1. Tap on the "Discover" tab at the bottom of the app screen.
  2. Scroll down and select "Futures."
  3. Choose the desired trading pair, e.g., USDC Perpetual.
  4. The Futures trading interface will display the current market price, order book, and charting tools.

Step 4: Understand Leverage and Margin

  1. Leverage amplifies your initial capital by allowing you to trade with borrowed funds, increasing your potential profits and losses.
  2. Margin is the collateral you deposit into your Futures account to cover potential losses.
  3. The higher the leverage, the lower the margin requirement. However, higher leverage also magnifies potential losses.

Step 5: Set Leverage Ratio

  1. Below the order form, locate the "Leverage" field.
  2. Select the desired leverage ratio, considering your risk tolerance and market volatility.
  3. Options typically range from 1x (no leverage) to 125x (maximum leverage).

Step 6: Place a Leveraged Order

  1. Choose the order type (Limit, Market, Stop).
  2. Enter the order details, including the order size, price (for Limit orders), and stop price (for Stop orders).
  3. Cross-check the order summary, including the total margin required, estimated liquidation price, and potential profit/loss.
  4. Click the "Buy/Long" or "Sell/Short" button to place the order.

Step 7: Monitor and Manage Position

  1. After placing a leveraged order, closely monitor its performance.
  2. The Order History tab under "Futures" displays all open and closed orders.
  3. Adjust positions, take profits, or reduce leverage if necessary based on market conditions.

Additional Considerations:

  • Leverage trading involves significant risks and can amplify losses.
  • Use leverage cautiously and only with a well-defined trading strategy.
  • Consider the volatility of the underlying asset before applying leverage.
  • Regularly monitor market movements and adjust your positions accordingly.
  • Never trade with more than you can afford to lose.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Related knowledge

What are the risk control methods in Bitcoin contract trading?

What are the risk control methods in Bitcoin contract trading?

Feb 28,2025 at 06:07am

What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?

How to choose leverage in Bitcoin contract trading?

Feb 28,2025 at 01:06am

How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?

What does liquidity mean in Bitcoin contract trading?

Feb 27,2025 at 08:19pm

What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?

How to set up stop-profit and stop-loss for Bitcoin contracts?

Feb 28,2025 at 02:49am

How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?

Is Bitcoin contract suitable for beginners?

Feb 28,2025 at 04:25am

Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?

What is the forced liquidation mechanism of Bitcoin contracts?

Feb 28,2025 at 03:43am

What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...

What are the risk control methods in Bitcoin contract trading?

What are the risk control methods in Bitcoin contract trading?

Feb 28,2025 at 06:07am

What are the Risk Control Methods in Bitcoin Contract Trading?Key Points:Understanding Leverage and Position Sizing: Proper leverage utilization and precise position sizing are fundamental to risk management in Bitcoin contract trading. This involves understanding your risk tolerance and capital allocation strategies.Stop-Loss Orders: Your First Line of...

How to choose leverage in Bitcoin contract trading?

How to choose leverage in Bitcoin contract trading?

Feb 28,2025 at 01:06am

How to Choose Leverage in Bitcoin Contract Trading?Key Points:Understanding Leverage and its Risks: Leverage amplifies both profits and losses. A higher leverage multiplies gains but equally magnifies potential losses, potentially leading to liquidation. This section will delve into the mechanics of leverage and its impact on your trading capital.Assess...

What does liquidity mean in Bitcoin contract trading?

What does liquidity mean in Bitcoin contract trading?

Feb 27,2025 at 08:19pm

What Does Liquidity Mean in Bitcoin Contract Trading?Key Points:Liquidity's Core Meaning: Liquidity in Bitcoin contract trading refers to the ease with which a trader can buy or sell a Bitcoin contract without significantly impacting its price. High liquidity means orders are filled quickly at the current market price, while low liquidity implies diffic...

How to set up stop-profit and stop-loss for Bitcoin contracts?

How to set up stop-profit and stop-loss for Bitcoin contracts?

Feb 28,2025 at 02:49am

How to Set Up Stop-Profit and Stop-Loss for Bitcoin Contracts?Key Points:Understanding Leverage and Risk: Bitcoin contracts utilize leverage, magnifying both profits and losses. Stop-loss and stop-profit orders are crucial for risk management in this high-volatility market. Incorrectly setting these orders can lead to significant financial losses. Under...

Is Bitcoin contract suitable for beginners?

Is Bitcoin contract suitable for beginners?

Feb 28,2025 at 04:25am

Is Bitcoin Contract Suitable for Beginners?Key Points:Understanding Bitcoin Contracts: Bitcoin contracts, primarily referring to Bitcoin futures and options, are complex financial instruments that involve significant risk. Beginners lack the necessary experience to accurately assess and manage this risk.Leverage and Risk: The high leverage offered by Bi...

What is the forced liquidation mechanism of Bitcoin contracts?

What is the forced liquidation mechanism of Bitcoin contracts?

Feb 28,2025 at 03:43am

What is the Forced Liquidation Mechanism of Bitcoin Contracts?Key Points:Understanding the concept of margin trading and leverage in the context of Bitcoin contracts.Detailing how liquidation prices are calculated based on position size, leverage, and the current market price.Exploring the different types of liquidation mechanisms employed by various cr...

See all articles

User not found or password invalid

Your input is correct