How to adjust leverage on OKX

Before adjusting leverage on OKX, ensure it's enabled for your account: Settings > Trading > Leverage > Enable Leverage.

Nov 09, 2024 at 02:05 pm

How to Adjust Leverage on OKX

OKX is a leading cryptocurrency exchange that offers a wide range of trading options, including leverage trading. Leverage allows you to borrow funds from the exchange to increase your potential profits, but it also comes with increased risk.

Before you can adjust leverage on OKX, you must first enable it for your account.

• Log in to your OKX account and click on the "Settings" tab.
• Under the "Trading" section, click on the "Leverage" tab.
• Select the "Enable Leverage" option and click on the "Confirm" button.

Once leverage is enabled, you can adjust the leverage amount for each trading pair.

• Click on the "Margin" tab in the trading interface.
• Select the trading pair you want to trade.
• Enter the leverage amount you want to use.
• Click on the "Confirm" button.

The maximum leverage amount you can use will vary depending on the trading pair and your account level.

• For spot trading, the maximum leverage is 5x.
• For futures trading, the maximum leverage is 125x.

It is important to note that leverage is a double-edged sword.

• It can increase your potential profits, but it can also magnify your losses.
• You should only use leverage if you are comfortable with the risks involved.

Here are some tips for using leverage on OKX:

• Start with a small leverage amount until you are comfortable with how it works.
• Only use leverage on trades that you have a high probability of winning.
• Monitor your positions closely and be prepared to reduce your leverage or close your positions if the market moves against you.

By following these tips, you can help to minimize the risks associated with using leverage and increase your chances of success.