How to add margin to Dubai mobile OKX contract

To add margin to Dubai Mobile OKX Contract, navigate to Contract Trading, select the trading pair and choose "Margin" mode, followed by entering the desired margin amount and confirming the transaction.

Oct 23, 2024 at 04:00 am

How to Add Margin to Dubai Mobile OKX Contract

Step 1: Open the OKX App

• Download and install the OKX app on your mobile device.

Step 2: Navigate to Contract Trading

• Tap on "Contracts" from the bottom navigation bar.
• Select "Options" on the top left.
• Choose "Dubai" from the region options.

Step 3: Select Trading Pair and Open Contract

• Search for the desired trading pair, e.g., BTC/USDT.
• Tap on the "Trade" button next to the pair.
• Choose "Margin" as the trading mode.

Step 4: Add Margin

• On the contract trading page, select the "Margin" tab.
• Enter the amount of margin you wish to add.
• Tap on "Confirm" to complete the process.

Step 5: Confirm Margin Addition

• You will receive a confirmation message stating that your margin has been successfully added.
• The updated margin balance will be displayed in the "Balance" field.

Additional Notes:

• Margin trading involves using borrowed funds to increase your trading power, which can amplify both profits and losses.
• It is important to understand the risks associated with margin trading before engaging in it.
• To reduce risk, traders should consider using a stop-loss order to limit potential losses.
• The minimum margin requirement varies depending on the trading pair and the exchange.
• OKX is one of the leading cryptocurrency exchanges offering margin trading.