OKX stands out among major cryptocurrency exchanges by offering a user-friendly trading platform suitable for beginners while providing advanced tools for experienced traders. This comprehensive guide will walk you through every step of contract trading on OKX.
Getting Started with OKX Contract Trading
(1) Account Registration
- Visit the OKX official website and download the mobile app
- Click "Register/Login" and select "Register Now"
- Enter your email address and complete verification
- Verify your mobile number via SMS code
- Complete identity authentication in your account settings
Pro Tip: If you encounter mobile verification issues, contact OKX support via email with your identification documents.
(2) Trading Setup
- Enable contract trading in your account settings
- Choose between single-currency or cross-currency margin mode
Customize your trading preferences:
- Select preferred trading units
- Configure order types
- Set up leverage preferences
👉 Start trading with OKX today
(3) Perpetual Contracts Trading
Perpetual contracts include USDT-margined and coin-margined options. Here's how to trade USDT-margined contracts:
- Transfer assets from your funding to trading account
- Search for your preferred trading pair
- Select "Perpetual" under margin trading
- Set leverage ratio (1x-125x available)
- Choose order type and enter price/quantity
- Click "Buy/Long" (bullish) or "Sell/Short" (bearish)
Key Features:
- No expiration date
- Funding rate mechanism
- High leverage options
(4) Futures Contracts Trading
Futures contracts have expiration dates and include weekly, bi-weekly, quarterly options:
- Transfer required collateral
- Select your trading pair
- Choose "Futures" and select contract period
- Set leverage and order parameters
- Execute long or short positions
Understanding Contract Trading
Contract trading allows investors to profit from both rising and falling markets. Unlike spot trading, you can:
- Go long (profit when prices rise)
- Go short (profit when prices fall)
- Use leverage to amplify positions
OKX offers two contract types:
- Perpetual Contracts: No expiry date with funding rate mechanism
- Futures Contracts: Fixed settlement dates (weekly/quarterly)
👉 Master advanced trading strategies
FAQ Section
What's the minimum deposit for OKX contract trading?
The minimum varies by trading pair but typically starts at equivalent of $10 in your base currency.
How does leverage work on OKX?
OKX offers up to 125x leverage. Higher leverage increases both potential profits and risks.
What's the difference between USDT and coin-margined contracts?
- USDT contracts: Priced and settled in USDT
- Coin contracts: Priced and settled in the base cryptocurrency
How are funding rates calculated?
Funding rates depend on the price difference between contract and spot markets, typically exchanged every 8 hours.
Can I automate my OKX trades?
Yes, OKX supports various order types including stop-loss, take-profit, and trailing stops.
Why Choose OKX for Contract Trading?
- High Liquidity: Deep order books for major trading pairs
- Advanced Tools: Professional trading interface with charts and indicators
- Security: Industry-leading protection measures
- Educational Resources: Comprehensive trading guides and market analysis
With proper risk management, contract trading on OKX can be a powerful tool for both hedging and speculative strategies. Remember to start small and gradually increase position sizes as you gain experience.