How to Make Cryptocurrency Deposits and Withdraws
How to Trade Margin Trading on OKEx
Signup here and start your margin trading journey.
Margin trading is way of trading by borrowing assets from traders or exchanges. It allows users to use a small amount of initial capital to leverage their positions for maximizing profit on spot trading.
For now we support a total of 34 assets on margin trading, including BTC, LTC, ETH, ETC, BCH, USDT, BSV, DASH, EOS, NEO, QTUM, TRX, XRP, ADA, ALGO, ATOM, BTM, BTT, ELF, HC, IOST, IOTA, LINK, OKB, OMG, ONT, VSYS, XLM, XMR, XTZ, ZEC, ZIL, HBAR and RVN.
Let me walk you through the process of margin trading
OKEx Account includes 10 accounts for different trading type, for margin trading, you need to transfer your funds into Margin Account, we will take OKB/USDT margin trading as an example
Step 1: Log in and choose “Transfer” of Asset lists
Transfer OKB from your “Funding Account” to “Margin Account for spot”
Step 2: Click on “Trade”, and select “Margin trading”
Step 3: Select the times of leverage on the upper right to switch to leveraged mode,In this case ,we will long OKB , so we borrow USDT
Step 4: Click on “Borrow”, and input the number of USDT you wish to borrow
Step 5: Input the price and numbers of OKB, click on “buy (long)”
If you short OKB, you have to borrow OKB as collateral
Step 6: (If you short OKB, you have to borrow OKB as collateral)
Step 7: Once the position is closed, click on “Repay” on the right, fill in the repayment and submit to repay the borrowing USDT plus interests