OKX has reintroduced itself after rebranding, allowing users to resume cryptocurrency trading with diverse options—including the popular perpetual contracts. This guide provides a clear breakdown of OKX's contract trading process.
Step-by-Step OKX Contract Trading Process
1. Account Funding
- Navigate to the "Trading" section and select "Transfer".
- Choose the currency (e.g., USDT for USDT-margined contracts or the native token for coin-margined contracts).
- Transfer assets from your "Funding Account" to your "Trading Account", enter the amount, and confirm.
2. Select Contract Type
Click the currency pair at the top-left, search for your desired token, and choose:
Contract Types:
- Perpetual Contracts: No expiry date; hold indefinitely and close manually.
- Delivery Contracts: Fixed settlement dates (weekly, quarterly, etc.); auto-closed upon expiry.
Margin Types:
- USDT-Margined: Uses USDT as collateral; supports multiple tokens with USDT settlements.
- Coin-Margined: Requires holding the traded token; settlements are in the same token.
3. Choose Margin Mode
- Cross Margin: Shared margin across all positions; balances profits/losses.
- Isolated Margin: Separate margin per position; risks/rewards are independent.
4. Place Orders
- "Buy/Long": Profit from price increases by buying low and selling high.
- "Sell/Short": Profit from price drops by selling high and buying back low.
5. Manage Positions
Monitor active trades under "Positions", set take-profit/stop-loss orders, or manually close positions.
Key Features of OKX Contract Trading
✅ Leverage Options: Amplify gains (and risks) with flexible leverage.
✅ Diverse Contracts: Trade BTC, ETH, and altcoins via USDT or coin-margined contracts.
✅ Risk Management: Tools like stop-loss and liquidation warnings.
👉 Master OKX Contract Trading Strategies
FAQs
Q: What’s the difference between perpetual and delivery contracts?
A: Perpetual contracts lack expiry dates, while delivery contracts auto-settle on predetermined dates.
Q: Can I use both cross and isolated margin simultaneously?
A: No, you must select one mode per position.
Q: Is OKX contract trading suitable for beginners?
A: Start with low leverage and demo accounts to practice risk management.
Q: How are fees calculated?
A: Fees vary by contract type and VIP level; check OKX’s fee schedule for details.
By following these steps, you can confidently navigate OKX’s contract trading platform. For advanced tactics, explore our in-depth guides below:
👉 Optimize Your OKX Trading Performance
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