What is the minimum deposit for OKX contracts?

OKX allows contract trading with minimal deposits—sometimes under $10—depending on leverage, contract size, and margin requirements.

Aug 08, 2025 at 07:00 am

Understanding OKX Contract Trading Basics

OKX is one of the leading cryptocurrency derivatives exchanges, offering a wide range of perpetual and futures contracts on various digital assets such as Bitcoin (BTC), Ethereum (ETH), and altcoins. Before users can begin trading contracts on OKX, they must deposit funds into their futures wallet. The minimum deposit required to start trading contracts on OKX depends on several factors, including the specific contract, leverage used, and the user’s trading strategy. Unlike spot trading, where users can often deposit very small amounts, contract trading involves margin requirements, which influence the actual minimum needed to open a position.

Factors Influencing Minimum Deposit Requirements

The minimum deposit for OKX contracts is not a fixed number across all scenarios. Instead, it is determined by the interplay of multiple variables. The most critical factor is the initial margin requirement, which is calculated based on the contract size, entry price, and selected leverage. For example, if a user wants to open a BTC/USDT perpetual contract with 10x leverage, the required margin will be 10% of the position’s notional value. This means that even if the user deposits only $10, they could potentially open a position worth $100, assuming the system allows such a small trade.

Another influencing factor is the minimum order size for each contract. OKX sets a minimum quantity for each futures pair. For instance, the BTC/USDT contract may require a minimum order of 0.001 BTC. At a BTC price of $60,000, this equates to a notional value of $60. With 10x leverage, the required margin would be $6. Therefore, the user must deposit at least $6 (plus buffer for fees and potential price movement) to open this position.

Wallet Transfer and Deposit Process

To trade contracts on OKX, users must first transfer funds from their spot wallet to their futures wallet. This internal transfer is necessary because contract trading operates on a separate margin system. The process is straightforward:

• Log in to your OKX account and navigate to the "Assets" section.
• Select "Transfer" and choose the source wallet (e.g., Spot Wallet).
• Choose the destination wallet as "Futures Wallet".
• Enter the amount you wish to transfer, ensuring it meets or exceeds the margin needed for your intended trade.
• Confirm the transfer using your security method (e.g., Google Authenticator or SMS).

There is no minimum transfer amount enforced by OKX for moving funds into the futures wallet. This means users can transfer as little as $1 or 0.5 USDT if desired. However, the actual usability of such a small deposit depends on whether it meets the margin requirements of the contract they wish to trade.

Practical Example: Opening a Small Contract Position

Let’s consider a practical scenario where a user wants to trade ETH/USDT perpetual contracts with minimal capital. Suppose the current price of ETH is $3,000, and the minimum contract size is 0.01 ETH. This results in a notional value of $30. If the user selects 20x leverage, the initial margin required is $30 / 20 = $1.50. In this case, depositing $2 into the futures wallet would be sufficient to open the position, accounting for minor price fluctuations and fees.

It’s important to note that while the theoretical minimum deposit could be as low as $1.50 in this example, users should always maintain a buffer to avoid liquidation due to sudden price movements. OKX’s liquidation engine monitors margin levels in real time, and if the margin ratio falls below the maintenance threshold, the position will be automatically closed.

Supported Currencies and Stablecoin Advantages

OKX supports multiple cryptocurrencies for contract trading, but USDT (Tether) is the most commonly used stablecoin for margin deposits. Using USDT offers several advantages:

• Price stability: Unlike volatile assets like BTC or ETH, USDT maintains a 1:1 peg with the US dollar, making it easier to calculate margin requirements.
• Wider availability: Most contract pairs on OKX are quoted against USDT, simplifying trade execution.
• Lower risk of margin fluctuation: Since the margin asset doesn’t fluctuate in value, users can better predict their risk exposure.

Users can deposit other assets like BTC, ETH, or OKB into the futures wallet, but these are converted into margin based on their current market value. While this is possible, it introduces additional volatility, as the value of the collateral itself can change during the trade.

Frequently Asked Questions

Can I start OKX contract trading with less than $10?

Yes, it is technically possible to start with less than $10. As long as the deposited amount covers the initial margin for the smallest allowed contract size and leverage combination, you can open a position. For example, micro contracts on altcoins or low-priced futures may require only a few dollars in margin.

Is there a minimum deposit fee for transferring to the futures wallet?

No, OKX does not charge any fees for internal transfers between spot and futures wallets. Whether you transfer $1 or $10,000, the process is free and instantaneous.

What happens if my futures wallet balance is too low to open a position?

If your balance is below the minimum margin requirement for a given contract, the system will display an error when you attempt to place the order. You must deposit or transfer additional funds to meet the threshold before the trade can be executed.

Does OKX require KYC verification to trade contracts?

Yes, KYC (Know Your Customer) verification is mandatory to access futures trading on OKX. Users must complete identity verification to comply with regulatory requirements before they can transfer funds to the futures wallet or open any contract positions.