OKX 20% Fee Discount | Sign-Up and Referral Code 2026

OKX Fee Discount: Quick Answer

Verified August 16, 2026: the official OKX campaign page states that eligible users who register through a referral can receive 20% off trading fees. Eligibility, region, account and campaign conditions may vary. Confirm the terms during sign-up and the actual Fee Rate shown in your account.

Image explaining the OKX exchange interface and unified account system

CoinPop

OKX Fees 2026 – How to Calculate and Check Spot and Futures Maker/Taker Fees
OKX Referral Code 2026 – Verify Before Signup, Benefits, and Existing Accounts
OKX Futures Trading Guide 2026 – Leverage, Margin, Liquidation, Funding Fees, and Order Methods

1. Overview: Why use OKX

OKX is a global cryptocurrency platform that provides various crypto trading features such as Spot, Perpetual Futures, Futures, and Options, as well as Trading Bots, API, Earn, and a Web3 Wallet.

Rather than just looking at the number of tradable coins, the key features of OKX include providing a Unified Account, advanced margin systems, automated trading functions, a Web3 ecosystem, and Proof of Reserves.

In particular, for traders who use multiple markets simultaneously, the ability to manage spot and derivatives within a single account structure can be a significant advantage.

OKX Key Features at a Glance

Item	Feature	Utility
Spot	General crypto spot trading	★★★★★
Perpetual Futures	Futures trading without expiration	★★★★★
Options	Options strategy construction	★★★★☆
Unified Account	Integrated management of spot and derivatives	★★★★★
Portfolio Margin	Portfolio risk-based margin management	★★★★☆
Trading Bot	Automated trading such as Grid, Signal, and DCA	★★★★★
API	Program and automated trading integration	★★★★★
Web3 Wallet	Access to DEX, DeFi, and DApps	★★★★★
Proof of Reserves	Verification of reserve transparency	★★★★★

Since not all features are provided equally to all countries and users, it is recommended to check the products actually available in your account and region.

What is a Unified Account?

One of the representative features of OKX is the Unified Account structure.

In traditional exchange account structures, you often have to move funds between product-specific accounts or wallets when using spot, margin, futures, or options.

The OKX Unified Account is designed to allow the use of multiple products within a single trading account, and depending on the account mode, you can manage the profit/loss and margin of different products more efficiently.

However, it is not accurate to understand it as “all assets of all users on OKX are always automatically shared as a single margin.”

The actual margin structure depends on the Account Mode and Margin Mode being used.

Why is the OKX Account Mode important?

Even within a Unified Account, not all users trade in the same way.

Depending on the purpose, you can use advanced structures such as Multi-Currency Margin and Portfolio Margin, starting from a general trading environment.

In particular, Portfolio Margin is a professional method that calculates margin by considering the overall portfolio risk and the risk-offsetting relationship between positions, rather than looking at a single spot or derivatives position independently.

For example, you can assume the following positions:

BTC Spot Long
BTC Perpetual Futures Short
BTC Option Position

If you look at each position individually, it might be a large trading volume, but if there is opposing price exposure, the actual risk of the entire portfolio may change.

Portfolio Margin can be used to increase capital efficiency by reflecting these relationships in risk calculations.

Therefore, it is a feature with high utility for professional traders or users of hedging strategies who use spot, futures, and options together, rather than simple directional trading.

Advantages of a Unified Account

The key advantages of the integrated account structure are as follows:

Manage multiple trading products in one account
Reduced unnecessary fund transfers between products
Profit and loss offsetting possible depending on account mode
Margin management using multiple assets
Hedging strategies combining spot and derivatives
Advanced risk management using Portfolio Margin

OKX also explains that the main advantage of the Unified Account is the ability to trade multiple products simultaneously while reducing fund transfers between accounts and increasing capital utilization.

However, increased capital efficiency does not necessarily mean it is safer.

In structures where multiple assets and positions are connected, such as Cross Margin or Portfolio Margin, the risk of one position can affect the margin status of other assets, so it is recommended to use it after fully understanding the structure.

How should we view the speed and stability of the trading system?

Since the cryptocurrency market operates 24/7, the stability of the exchange system and order execution performance are also important selection criteria.

In particular, in situations of rapid price surges or drops, the following factors are important:

Order entry latency
API response speed
Order book liquidity
Execution speed
System stability
Server location
Disaster recovery

OKX continues to carry out infrastructure updates to improve trading performance in 2026, and in 2026, it also announced the relocation of some trading servers from Hong Kong to Tokyo. OKX explained that this relocation is a measure to improve trading performance and user experience.

However, one should not present specific throughput figures without evidence or guarantee:

“Order delays or system failures will never occur even in market crash situations.”

Because no centralized exchange can guarantee that the possibility of failure or delay is zero in all market conditions.

Especially if you are trading large positions, it is better to check the Order Book Depth, Spread, Slippage, and API performance of the actual asset you intend to trade, rather than just the exchange brand itself.

Important Travel Rule for Korean users when using OKX

When choosing an overseas exchange, Korean users should check whether they can normally move virtual assets to and from domestic exchanges, in addition to simple trading fees.

As of August 2026, OKX is included in the list of VASP (Virtual Asset Service Providers) with account owner verification integration for Upbit deposits and withdrawals.

Bithumb also currently includes OKX in its list of overseas virtual asset exchanges that allow deposits and withdrawals.

Therefore, the fact that an environment for asset movement between major domestic exchanges and OKX is established is a practical advantage for Korean users.

Does integration with a domestic exchange mean automatic deposits and withdrawals?

That is not the case.

The fact that the Travel Rule is integrated does not mean:

“Any amount will be automatically deposited immediately without any procedure.”

In fact, Bithumb advises that if Travel Rule information reception is delayed due to reasons such as remittances using APIs from some overseas exchanges like OKX, automatic deposits may not occur, and separate deposit applications and document submissions may be required.

Also, depending on the exchange, you may need to verify the following conditions:

Sending/Receiving exchange
Whether it is your own account
Name information
Withdrawal amount
Deposit address
Trading network
Travel Rule support status
Whether additional verification or manual review is required

Therefore, it is not accurate to explain that “because OKX is integrated with the Travel Rule, no separate verification procedure is ever required.”

How should we understand withdrawals of 1 million KRW or more?

When transferring assets from a domestic exchange to an overseas exchange, a 1 million KRW threshold is often mentioned.

However, the actual processing method depends on the integration method between the exchange and the counterparty VASP.

For example, Bithumb guides users to enter exchange/personal wallet and recipient information when withdrawing 1 million KRW or more, and withdrawal conditions may vary depending on the VASP.

Therefore, you should not understand it as:

“If it is over 1 million KRW, it will be transferred immediately without separate verification as long as the names match.”

It is most accurate to check the domestic exchange withdrawal screen at the time of the actual transfer and the latest Travel Rule notice as the final standard.

What is Proof of Reserves (PoR)?

Since the FTX incident, one of the criteria that has become significantly more important when choosing a centralized exchange is Proof of Reserves (PoR).

PoR is a transparency mechanism created to allow users to verify whether an exchange actually holds reserve assets corresponding to customer assets.

OKX continuously discloses its Proof of Reserves, and in July 2026, it announced its 45th consecutive PoR disclosure.

OKX also provides a feature in its PoR system that uses cryptographic verification methods such as Merkle Tree and zk-STARK, allowing individual users to verify whether their assets are included in the reserve data.

What does it mean if the reserve ratio is 100% or more?

If the Reserve Ratio of an asset is 100%, it simply means that the reserve assets corresponding to the user asset scale disclosed in that PoR are at the 100% level.

For example, if:

User BTC balance = 100 BTC

Exchange reserve assets = 105 BTC

Then the simple reserve ratio can be expressed as:

105%

A reserve ratio exceeding 100% can be seen as a positive indicator.

However, since the reserve ratio can change continuously depending on the time and asset, it should not be explained as a fixed number like:

“OKX always holds 102~104% of all coins.”

It is most accurate to check the actual data on the latest PoR page.

Is an exchange completely safe if it has Proof of Reserves?

No.

This part is particularly important.

Proof of Reserves is an important piece of data for evaluating exchange transparency, but it is not the same as a complete audit that proves all financial risks of an exchange.

PoR alone cannot evaluate all forms of:

Corporate debt
Legal obligations
Operating expenses
Affiliate risks
Regulatory risks
Hacking risks
Liquidity risks

Therefore, it is not appropriate to interpret it as:

PoR 100% or more = 0% bankruptcy probability

PoR is unconditionally more reliable than a traditional audit.

It is better to use PoR as one key indicator to verify reserve asset transparency when evaluating an exchange.

Criteria to check when evaluating OKX

When evaluating the safety and completeness of an exchange, it is better to check the following factors together rather than looking at just one indicator.

Evaluation Item	Content to check	Importance
Proof of Reserves	Reserve assets vs. customer assets	★★★★★
Deposits/Withdrawals	Normal withdrawal availability	★★★★★
Liquidity	Order Book Depth/Spread	★★★★★
Account Security	2FA/Passkey/Anti-Phishing	★★★★★
System Stability	Trading/API availability	★★★★★
Travel Rule	Convenience of movement to domestic exchanges	★★★★★
Trading Fees	Maker/Taker and discounts	★★★★☆
Trading Features	Spot/Futures/Options/Bot	★★★★☆
Web3	Wallet/DEX/DeFi	★★★★☆
Regulatory Environment	Service availability by country	★★★★★

So, why use OKX?

To summarize the advantages of OKX in one point, it is that it provides a much wider range of trading and asset management functions within a single ecosystem than a simple spot exchange.

Beginners can start with spot trading and simple futures trading, and experienced users can utilize:

Unified Account
Cross Margin
Multi-Currency Margin
Portfolio Margin
Options
Trading Bot
API
Web3 Wallet
DEX
DeFi

and other features.

For Korean users, a practical advantage is that OKX is confirmed in the current support lists of Upbit and Bithumb. However, since Travel Rule policies for each exchange can change, you should re-verify the support status immediately before making an actual transfer.

Ultimately, whether to choose OKX should be based on the trading products you need, actual trading costs, liquidity, ease of deposits and withdrawals with domestic exchanges, and how much you utilize security features and advanced trading tools, rather than simply asking “what is its global ranking?”

2026 OKX Discount Link

2. OKX Sign-up and Benefits (Fee Discounts & New User Rewards)

The OKX sign-up process itself is not difficult, but if you are a new user, it is recommended to check the applicable referral benefits and promotional conditions before creating an account.

Especially for frequent traders, trading fees accumulate over time, so whether a fee discount is applied at the sign-up stage can affect your actual trading costs.

On the other hand, new user rewards or Mystery Boxes are not fixed benefits provided identically at all times. They may vary depending on the event period, country, sign-up path, KYC, deposit, and trading conditions, so you should check the conditions actually displayed on the sign-up screen.

OKX Standard Spot Trading Fees

OKX’s standard spot trading fees may vary depending on user tier and trading conditions.

The spot trading fees provided as general examples in official OKX fee documentation are as follows:

Category	Fee Example
Maker	0.08%
Taker	0.10%

Maker orders add liquidity to the order book, while Taker orders execute against existing orders, taking liquidity from the order book.

Market orders are generally processed as Taker, and limit orders do not always result in Maker status.

Limit orders that execute immediately against the current price in the order book may be treated as Taker.

Also, the actual applied fees may vary based on the following factors:

User Fee Tier
Recent trading volume
Asset size
Trading product
Maker / Taker status
VIP level
Trading pair and region
Promotions or referral benefits

Therefore, it is most accurate to check the actual Fee Rate displayed in your own account as the final reference.

COINPOP Referral Fee Discount

New OKX users can receive referral fee benefits depending on the sign-up path.

Currently, the official COINPOP partner sign-up page displays a 20% off on trading fees benefit.

Official OKX Partner Sign-up Link

https://www.okx.com/join/COINPOP

Referral Code

COINPOP

A 20% fee discount can make a significant difference, especially for frequent traders.

For example, for a scalper or day trader repeating the same trades, even if the difference in a single trade is small, the cumulative trading costs over a long period can be substantial.

However, it is more accurate to understand this as the ‘20% trading fee discount’ benefit currently displayed on the sign-up page, rather than equating it to a general kickback where you continuously receive 20% of trading fees back in cash.

Also, since promotional conditions can change, it is recommended to verify the benefits actually displayed on the OKX page at the time of sign-up.

How much of a difference does a 20% trading fee discount make?

Let’s look at a simple example.

Assuming a user’s normal trading fee is 100 USDT, if a 20% fee discount is applied under the same conditions, the discount effect is approximately 20 USDT by simple calculation.

The difference can grow as trading volume increases.

For example, simplifying the same conditions results in the following:

Fee Before Discount	20% Discount Effect	Cost After Discount
10 USDT	2 USDT	8 USDT
100 USDT	20 USDT	80 USDT
500 USDT	100 USDT	400 USDT
1,000 USDT	200 USDT	800 USDT

This table is a simple example assuming a 20% discount is applied uniformly.

Actual fees may vary depending on the trading product, Fee Tier, Maker/Taker status, and the method of promotion application.

Can I add a referral code later after signing up?

For referral benefits, it is generally safest to apply the correct link or code at the account creation stage.

You should not assume that you can arbitrarily add a referral code to an already created account later.

Therefore, if you intend to use a referral benefit, it is recommended to check the following on the sign-up page before creating an account:

Referral Code
Applied discount
Eligibility for sign-up
Promotional conditions

first.

What is an OKX Mystery Box?

OKX sometimes provides rewards in the form of a Mystery Box for certain new sign-ups or promotional campaigns.

However, the Mystery Box is not a fixed benefit provided under the same conditions to all new users at all times.

Looking at actual OKX campaign cases, some events are structured so that you can receive a Mystery Box or additional Trading Bonus when you meet conditions such as:

Sign-up
KYC completion
First deposit over a certain amount
Trading within a specific period

Also, the minimum deposit conditions and the rewards provided may vary by campaign.

Therefore, it is not accurate to state definitively that:

“Mystery Box provided unconditionally upon sign-up”

“Provided to anyone who deposits over 50 USDT”

“Always up to 50 USDT”

“A structure with no losing tickets”

How to check Mystery Box and new user rewards

After signing up, you must check the campaigns actually applied to your account.

Items to check include:

Eligibility for event participation
Whether KYC is required
Minimum deposit amount
Deposit completion deadline
Minimum trading volume
Trade completion deadline
Type of reward
Reward distribution timing
Reward usage conditions
Whether withdrawal is possible
Expiration date

In particular, Trading Bonuses and actual withdrawable cryptocurrency may not be the same concept.

Some rewards can be used for trading but cannot be withdrawn immediately or may require meeting certain conditions.

Therefore, do not just look at the reward amount; you must also check the actual usage conditions.

Points to note regarding new user sign-up benefits

New user promotions may generally not be applied for the following reasons:

Past OKX sign-up history
Failure to meet new user conditions
Not in an eligible country for the event
KYC not completed
Deposit made after the specified period
Minimum deposit amount not met
Trading volume condition not met
The campaign has ended
Cannot be combined with other promotions

Therefore, you should not assume that you will definitely receive the same rewards that other users have received.

The conditions actually displayed on your sign-up page and Campaign/Rewards screen are the final standard.

Account security settings you must perform immediately after sign-up

More important than sign-up benefits is account security.

Once you have completed OKX sign-up and KYC, it is recommended to check your security settings before depositing large amounts.

Enable Authenticator App

The Authenticator App is a 2-factor authentication method that adds a separate verification step in addition to your password.

It makes it difficult to access your account without additional verification, even if your account password is exposed externally.

It is recommended to use a separate Authenticator together rather than relying only on email or SMS.

Passkey Setup

OKX also supports the Passkey feature.

Passkey can be used to log in or authenticate using biometric authentication or screen lock methods on supported devices.

If you are in an environment where it is available, it is recommended to check if you can register a Passkey in your account’s Security Center.

Anti-Phishing Code Setup

The Anti-Phishing Code is a feature that helps distinguish official emails sent by OKX from phishing emails.

If you set your own code in advance, you can verify that code in legitimate OKX emails.

For example, if you assumed you set a code like

COINPOP-SECURE

and an email impersonating OKX does not have that code, you can suspect a phishing attempt.

However, you should not rely solely on the Anti-Phishing Code and click links.

You should also check the email sender and the actual domain you are being directed to.

Login Device Management

After signing up, it is also recommended to check the login devices connected to your account.

If there are devices you do not use or unknown login records, you should immediately take measures such as:

Log out of that device
Change password
Re-verify 2FA
Check Passkey

Withdrawal Address Security

As your asset size grows, managing withdrawal addresses becomes important.

Attacks where malicious software swaps the cryptocurrency address in your clipboard when you copy it can also exist.

Therefore, even if it is difficult to visually compare the entire address before withdrawal, it is a good habit to at least re-check the

beginning of the address + end of the address.

If it is a new address to which you are sending a large amount for the first time, it is also helpful to perform a small test transfer first.

Recommended sequence after OKX sign-up

If you are a first-time OKX user, it is recommended to proceed in the following order:

Check the official sign-up page
Check referral benefits
Create account
KYC completed
Authenticator set up
Passkey verified
Anti-Phishing Code set up
Login device verified
Deposit/Withdrawal network verified
Small deposit test
Start actual trading

Rather than depositing a large amount or starting high-leverage futures trading from the beginning, it is important to first familiarize yourself with account security and deposit/withdrawal methods.

Summary of OKX New User Benefits

Item	What to check now
Basic spot fee example	Maker 0.08% / Taker 0.10%
COINPOP benefit	20% trading fee discount
Mystery Box	Availability and conditions vary by campaign
New user rewards	Varies by country, period, KYC, deposit, and trading conditions
Reward withdrawal	Depends on reward type and conditions
Required after sign-up	KYC and security settings
Security recommendations	Authenticator, Passkey, Anti-Phishing Code

Conclusion

The first thing you should check when signing up for OKX is not just the new user advertisement claiming “how much you get.”

You must check the actual trading fees, whether the referral discount is applied, the conditions for new user rewards, KYC, and account security settings together.

Currently, the official COINPOP sign-up page displays a 20% trading fee discount benefit.

Official OKX Partner Sign-up Link

https://www.okx.com/join/COINPOP

Referral Code: COINPOP

Since new user rewards and Mystery Boxes can change depending on the timing and campaigns, do not expect a fixed amount; instead, check the actual application conditions on your sign-up screen and the Rewards/Campaign page.

And once you have finished signing up, the most reasonable sequence is to complete security settings such as Authenticator, Passkey, and Anti-Phishing Code before depositing funds.

OKX identity verification (KYC) guide and passport verification step-by-step process

3. Complete Guide to OKX Identity Verification (KYC)

To use OKX normally, you must complete identity verification (KYC, Know Your Customer).

KYC is a procedure used for Anti-Money Laundering (AML), fraud prevention, account security, and regulatory compliance. As of 2026, OKX requires individual account users to complete identity verification to normally use trading, deposit, and withdrawal functions.

Rather than thinking, “I can trade immediately just by signing up,” it is better to proceed in the order of Account Creation → Identity Verification → Security Settings → Deposit/Withdrawal Verification → Start Trading.

Information required for OKX KYC

During the identity verification process, the following information may generally be required:

Nationality
Full name
Date of birth
ID card
Facial verification
Residential address or other additional information
Additional regulatory/security checks if necessary

The items actually required may vary depending on your country and account status.

OKX may also request that you re-verify your identity information periodically, and if necessary, you may be required to submit new identification or additional materials.

What kind of ID can be used for KYC verification?

Supported identification documents vary by country.

Typically, the following government-issued IDs can be used:

Passport
National ID
Driver’s License

However, not all types of IDs are supported in every country.

Therefore, the types of ID actually displayed for your country on the verification screen are the final standard. OKX also notes that certain IDs may not be supported by country.

Is it better for Korean users to use a passport?

A passport can be convenient for users who use multiple overseas exchanges because the English name is clearly displayed.

Especially when moving assets between domestic and overseas exchanges, there may be a sender/recipient information verification process, so it is important to ensure that the actual name information on both accounts is registered consistently.

However, there is no confirmed official basis to conclude that “a passport has a higher approval rate than a national ID card or driver’s license.”

Therefore, the most important factors are the following conditions rather than the type of ID:

ID that has not expired
A photo where the text is clearly visible
Photos taken without light reflection
An image showing the entire area of the ID
Information matching the actual account user
If facial verification is required, perform it yourself

If you have a passport and managing your English name is important, using a passport may be convenient, but using the document that is most accurate and clear to you among the IDs supported on the OKX verification screen is the priority.

Why is the English name important?

When moving assets between overseas and domestic exchanges, the Travel Rule or the exchange’s own sender/recipient verification process may be applied.

At this time, if the name information registered on each exchange is different, additional verification or delays in deposits/withdrawals may occur.

For example, it is good to check for differences such as the following in advance:

HONG GILDONG
HONG GIL DONG
GILDONG HONG
GIL DONG HONG

However, you cannot conclude that “if even one space is different, it is always automatically blocked.”

This is because the actual matching method may differ for each exchange and Travel Rule solution.

Therefore, if you use both a domestic exchange and OKX, it is safest to ensure that your personal information, such as name and date of birth, is registered accurately on both accounts.

OKX KYC processing time

OKX generally reviews identity verification applications for individual accounts once submitted, and the official help center advises that reviews are completed within 24 hours after submission.

However, the actual processing time may vary depending on the following factors:

Clarity of submitted materials
Country
Whether additional review is required
System congestion
Information mismatch
Request for additional materials

Therefore, it is not guaranteed that approval will be granted within 24 hours.

If KYC approval is delayed or rejected

It is recommended to check the following items first:

ID expiration date
Whether the entire ID is included in the screen
Whether the photo is blurry
Whether the text is obscured by light reflection
Whether the name and date of birth entered match the actual document
Whether you completed the facial verification yourself
Whether there is a request to submit additional materials

Rather than simply resubmitting the same photo, if a reason for rejection is displayed, it is better to correct that item first.

OKX reviews identity verification applications once they are ready for submission, and if there is a problem, they guide you to receive support through the Support Center.

What is the OKX withdrawal limit?

In the past, it was often explained simply as “up to 10 million USD withdrawal per day upon KYC completion.”

Currently, it needs to be understood more accurately.

The official OKX guide states that the 24-hour cryptocurrency withdrawal limit can be determined by Fee Tier, etc., and advises you to check the actual limit on your Fees page.

Although a 24-hour withdrawal limit of 10,000,000 USD may appear in OKX’s Fee Details examples, this should not be interpreted as a fixed KYC limit applied to all users.

Therefore, the most accurate method is to check the 24h Withdrawal Limit currently displayed in your OKX account directly.

Security settings that must be done after KYC completion

It is better to complete security settings before depositing a large amount, rather than depositing immediately after identity verification is finished.

The recommended sequence is as follows:

Authenticator setup
Check Passkey support
Anti-Phishing Code setup
Login device verification
Withdrawal address management
Small deposit/withdrawal test
Move large amounts

In particular, using separate authentication methods in addition to email and text authentication is advantageous for account protection.

4. Complete Guide to OKX Deposits/Withdrawals and Travel Rule

One of the most confusing parts for Korean users when using OKX is deposits and withdrawals.

While there are cases where you can simply copy and send the coin address from your OKX account, when moving assets from a domestic exchange to an overseas exchange, you must check several factors together, such as the network, Travel Rule, recipient information, and Tag/Memo.

If you select the wrong network or address, asset recovery may be difficult or impossible, so you must check before trading.

Basic structure of sending coins from a domestic exchange to OKX

The general flow is as follows:

KRW deposit → Buy coins on domestic exchange → Generate OKX deposit address → Withdraw from domestic exchange → Confirm OKX deposit

Conversely, when withdrawing:

OKX → Domestic exchange deposit address → Sell coins on domestic exchange → KRW withdrawal

You can use a structure like this.

However, actual availability and procedures may vary depending on each exchange’s Travel Rule policy and the list of supported exchanges, so you must check OKX support on the domestic exchange screen immediately before withdrawal.

What coins are good for transfer?

In the past, XRP or TRX were often used as fast and cheap transfer coins.

They can still be useful depending on the situation, but it is not appropriate to conclude that “XRP or TRX are always the cheapest and fastest.”

Transfer costs and time required continue to vary depending on the following factors:

Network status
Exchange withdrawal fees
Minimum withdrawal quantity
Exchange deposit/withdrawal support
Coin price fluctuations
Travel Rule support

Therefore, it is recommended to at least compare the following before transferring.

Check Item	Reason
Withdrawal Fee	Verify actual transfer cost
Minimum Withdrawal Amount	Check if small transfers are possible
Network	Verify matching send/receive network
Deposit Availability	Check for maintenance or suspension
Tag/Memo	Prevent loss due to omission
Travel Rule	Verify transferability between exchanges

While XRP is a network characterized by fast payments and low network costs, you should not express actual OKX arrival times or exchange withdrawal fees as fixed values, such as “always within 3 minutes” or “less than 1,000 KRW.”

Why Network Selection is Most Important

Let’s take USDT as an example.

Even for the same USDT, it can be transferred across multiple blockchain networks.

The network selected at the withdrawal exchange must match the network selected at the OKX deposit address.

For example,

Sending side: Specific Network A

OKX Deposit side: Network B

If you select different networks like this, the deposit may not be processed normally.

Therefore, always check in the following order:

Select Deposit on OKX
Select Coin
Select Network
Verify Deposit Address
Select the same Network on the sending exchange
Double-check the address
Check Tag/Memo if required
Perform a small test if it is the first time using the address

What is the Travel Rule?

The Travel Rule is an international anti-money laundering standard that requires Virtual Asset Service Providers (VASPs) to share information about the sender and receiver when transferring assets between them.

OKX also describes the Travel Rule as an international standard for preventing money laundering and terrorist financing.

In South Korea, depending on domestic exchange regulations and the Travel Rule system, a process to verify the receiving exchange and recipient information may be applied when transferring virtual assets above a certain amount to another exchange.

How should we understand the ‘1 million KRW’ threshold?

A 1 million KRW threshold is commonly mentioned when transferring assets from a domestic exchange to an overseas exchange.

However, the actual possibility of withdrawal and the verification method can vary depending on the latest policies of the domestic exchange, the Travel Rule solution, and whether the counterparty exchange supports it.

Therefore, it is not recommended to rely solely on explanations from old blog posts such as:

“If it is less than 1 million KRW, it can be withdrawn unconditionally without any verification”

“If it is over 1 million KRW, it can be sent to OKX unconditionally and immediately”

Do not rely on such descriptions when sending funds.

Always check the latest screens and announcements of the domestic exchange from which you are attempting the actual withdrawal as the final standard.

Why is sender/receiver information important?

During the Travel Rule process, account information for both the sender and the receiver may be used.

Therefore, even when moving assets between accounts under your own name, it is recommended to keep the following information accurate:

Real name
English name
Date of birth
Other personal information registered on the exchange

If the name information differs significantly, additional verification may be required.

If you have changed your name or your passport English name has changed, it is recommended to check the information on both exchanges before transferring large amounts.

Why XRP’s Destination Tag and Memo are important

Some assets, such as XRP, do not distinguish users by address alone and may require additional identification information such as a Tag or Memo.

OKX advises that when depositing certain cryptocurrencies like XRP, you must enter both the Address and the Tag/Memo.

For example, if the following two pieces of information are displayed on the OKX deposit screen:

Address

and

Tag / Memo

You must enter both accurately.

Do coins disappear if I omit the Tag/Memo?

It is not accurate to say that they “evaporate permanently without exception.”

According to official OKX guidance, if the Tag/Memo is omitted or entered incorrectly, funds may not be reflected in your account normally, and you may need to contact customer support to proceed with a recovery process.

Since the possibility and procedure for recovery can vary depending on the situation, it is most important to enter them correctly from the start.

Why small test transfers are good for new addresses

For example, just because you are moving 10,000 USDT does not mean you need to send the entire 10,000 USDT at once.

If possible, it is safer to proceed in the following order:

Small test transfer
Verify OKX deposit
Verify Address and Network
Transfer the remaining amount

However, you should also consider the cost of the test transfer on networks with very high withdrawal fees.

What to check when a deposit is delayed

If a deposit takes longer than expected, check in the following order:

Whether the withdrawal is marked as “Withdrawal Completed” on the sending exchange
Whether a TXID has been generated
Transaction status on the blockchain explorer
Whether the required number of confirmations has been met
Whether the network matches
Accuracy of the Tag/Memo
Whether deposits for that network are under maintenance on OKX

If it has already been processed normally on the blockchain but is not reflected in your OKX balance, it is recommended to contact customer support with your TXID and deposit/withdrawal information.

OKX Deposit/Withdrawal Checklist

Is the coin the same?
Is the network the same?
Is the address accurate?
Is a Tag/Memo required?
Have you verified Travel Rule support?
Is the personal information on both accounts accurate?
Are deposits/withdrawals temporarily suspended?
Have you checked the withdrawal fee?
Did you perform a small test if it is the first time using the address?

The most important principle in deposits and withdrawals is accuracy over speed.

5. Complete Guide to OKX Futures Trading and Margin System

In OKX futures trading, you can use leverage to manage positions with a notional value larger than your collateral, and you can construct trading strategies for both upward and downward directions through Long and Short positions.

However, using leverage increases the speed of losses as well as profits.

Therefore, you must at least understand the following concepts before starting futures trading:

Leverage
Margin
Cross
Isolated
One-way
Hedge
Mark Price
Liquidation Price
Funding Fee

What is Leverage?

Leverage is a structure that allows you to manage larger positions with smaller collateral.

For example, simplified:

1,000 USDT collateral × 10x = 10,000 USDT position size

can be managed.

However, what is important is not “how many times leverage did you use?” but what is the final position size?

The notional position size of someone holding a 10,000 USDT position with 10x leverage is the same as someone holding the same 10,000 USDT position with 100x leverage.

However, the collateral used and the margin until liquidation can be significantly different.

Therefore, you should not understand leverage only as a profit multiplier, but as a tool that changes collateral efficiency and liquidation risk together.

What is Isolated Margin?

In Isolated Margin, the collateral used for a specific position is managed separately from other positions or account assets.

For example, if you allocated 1,000 USDT of collateral to a specific BTC position, you can manage the risk of that position more independently.

OKX official documentation also explains that in Isolated Margin, when a position is liquidated, the liquidation proceeds centered on that specific Isolated position.

Advantages of Isolated

Risk separation by position is easy.
Reduces the risk of a single bad trade spreading to other positions.
It is relatively easy for beginners to understand the maximum loss range.

Things to note

You should not simply think, “Since it’s Isolated, I will only lose exactly the collateral I put in and that’s it.”

There are various factors such as trading fees, the liquidation process, and position structure, so you must check the actual settlement results on the screen.

What is Cross Margin?

In Cross Margin, available account collateral can be shared across multiple positions.

OKX official explanation also states that in Cross Margin, the entire Margin Balance can be shared among open positions.

This method can have the effect of maintaining a position longer even if it moves unfavorably in the short term, provided there are sufficient surplus assets.

However, on the other hand, a large loss in one position can affect the entire shared collateral.

Therefore, you should not understand Cross as

“a safe mode that unconditionally lowers the liquidation price.”

To be precise, it is a method where multiple assets or positions share collateral.

Isolated vs Cross Comparison

Item	Isolated	Cross
Collateral	Separated by position	Shared
Risk Isolation	High	Low
Capital Efficiency	Relatively low	Can be high
Impact on other balances	Limited	Possible impact
Management Difficulty	Relatively easy	High
Beginner Understanding	Easy	Difficult
Professional Hedging	Limited	High utility

While Isolated is often easier for beginners to understand, Isolated is not unconditionally better than Cross in all situations.

You must choose according to your own strategy and portfolio structure.

One-way Mode and Hedge Mode

OKX provides One-way and Two-way (Hedge) modes as position management methods. The official Trading Settings documentation also guides these two Position Modes.

One-way Mode

In a single contract, you manage the net position in one direction.

For example, if you execute an order in the opposite direction while holding a BTC Long, the existing Long position is reduced.

Because the structure is simple, OKX also describes One-way Mode as a method suitable for beginners.

Hedge Mode

In Hedge Mode, you can manage Long and Short positions separately in the same contract.

For example,

Long-term BTC Long
Short-term BTC Short

You can construct a strategy that operates these simultaneously.

However, holding both Long and Short positions simultaneously does not automatically make your position safe.

Trading fees and Funding Fees can affect both sides, and in Cross Margin, Long and Short positions may share the same risk structure. The OKX liquidation FAQ also explains that Cross Margin Long and Short positions in Hedge Mode share the same risk.

When should you use Hedge Mode?

It can be utilized in strategies such as the following:

Hedging short-term declines while maintaining a long-term position
Separating strategies for different time frames
Market-neutral strategies
Funding strategies
Certain algorithmic trading

However, it is not simply

“Holding Long and Short simultaneously eliminates losses.”

You must calculate the total cost of both positions and the actual Net Exposure together.

Why you must check the Mark Price

In futures trading, you should not only check the Last Price, which is the most recent transaction price displayed on the screen.

In the OKX derivatives system, the Mark Price is used as a critical benchmark for position risk and liquidation assessment.

Therefore, it is recommended to distinguish between and check:

Last Price

Mark Price

Liquidation Price

Misunderstandings can occur if you judge actual liquidation risk solely by the Last Price just because the price spiked momentarily.

What is a Funding Fee?

Since perpetual futures have no expiration date, a Funding Fee system exists to adjust the futures price so it does not deviate excessively from the spot price.

Generally, if the Funding Rate is

Positive (+)

Longs pay Shorts, and if it is

Negative (-)

Shorts pay Longs.

The funding fee is a different concept from the standard Trading Fee paid to the exchange.

Are funding fees always paid every 8 hours?

No.

According to official OKX documentation, while funding fees are generally settled every 8 hours, intervals of 1, 2, or 4 hours may apply depending on the contract.

In 2026, a system is also in operation that automatically adjusts the Funding Settlement Frequency for some contracts based on market conditions.

Therefore, rather than memorizing that

“OKX funding fees always occur at 1:00 AM, 9:00 AM, and 5:00 PM,”

it is more accurate to check the Next Funding Time displayed for the specific contract you are trading.

Do I only need to have a position at the time of funding fee settlement?

According to official OKX explanations, if you hold an open position at the time of Funding Fee settlement, you will be subject to paying or receiving the funding fee.

If you close your position before settlement, you will not pay or receive the Funding Fee for that settlement.

However, if you close and re-enter a position to avoid the funding fee,

Trading fees
Spread
Slippage

may occur, so it is not always more advantageous.

Can I safely receive funding fees with a 1x Short?

Simply holding a 1x Short Position will result in losses if the price rises.

Therefore, this cannot be called a Delta-Neutral strategy.

A typical Funding Arbitrage structure is instead

BTC Spot Long + BTC Perpetual Futures Short

which involves constructing opposing price exposures.

By doing this, you can aim to collect Funding Fees while offsetting a significant portion of price direction risk.

However, this is not a risk-free strategy either.

The following risks exist:

Funding Rate decline or reversal to negative
Basis changes
Trading Fee
Slippage
Spot/Futures position imbalance
Exchange risk

Therefore, the expression “taking a 1x short and just collecting funding fees” from previous articles should be corrected for accuracy.

Checklist for beginners before futures trading

Check Long / Short direction
Check Position Size
Check Leverage
Check Cross / Isolated
Check One-way / Hedge
Check Entry Price
Set Stop Loss
Set Take Profit
Check Mark Price
Check Liquidation Price
Check Funding Rate
Check Next Funding Time
Check if the order is Reduce Only

Summary

What is important in OKX futures trading is not how to use high leverage, but understanding how to control position size, margin, liquidation risk, and maximum loss.

If you are just starting, it is recommended to understand structures that are relatively simple, such as One-way Mode and Isolated Margin, and to develop the habit of always checking Stop Loss and Liquidation Price.

Once you have gained sufficient experience, it is efficient to learn advanced features such as Cross Margin, Hedge Mode, Multi-Currency Margin, and Portfolio Margin in stages.

6. OKX Specialized Features: Jumpstart and Web3 Wallet

A feature of OKX is that it goes beyond just trading spot and futures within a centralized exchange (CEX), allowing access to new project participation and the Web3 ecosystem within a single service.

Representative features include Jumpstart and OKX Web3 Wallet.

What is Jumpstart?

Jumpstart is a launchpad-style service where OKX introduces tokens from new blockchain projects to users.

Currently, the Jumpstart methods guided by OKX are broadly divided into Mining and On Sale.

Jumpstart Mining

In the Mining method, you can stake specified BTC, ETH, or other cryptocurrencies for a certain period during an event and receive new project tokens as rewards.

Which assets must be deposited varies by event.

Therefore, it is not accurate to understand it as “you must have OKB to participate in Jumpstart” as in the past.

In fact, past events have used BTC and ETH, while other events have used OKB and BTC, meaning participation conditions differ by project.

Jumpstart On Sale

On Sale is a structure where users who meet certain conditions secure new project tokens according to a set sales method.

Unlike Mining, the structure is different from simply staking tokens to receive rewards, so you must check the participation price, allocation method, participation limits, and conditions for each event.

The most important point about Jumpstart

Participating in Jumpstart does not guarantee profit.

New tokens may rise significantly after trading begins, but conversely, their prices may fall rapidly.

Therefore, it is recommended to check the following items:

Eligible countries and account conditions
Required KYC status
Staking target assets
Individual maximum participation limit
Event duration
Token allocation method
Reward distribution time
Trading start time
Whether staking assets are locked

Since OKX also announces separate rules for each Jumpstart event, you should not apply the conditions of past projects to new ones.

What is the OKX Web3 Wallet?

The OKX Web3 Wallet is different in nature from the standard OKX Exchange wallet, where you entrust assets to an exchange account.

It is a non-custodial wallet, meaning the user retains control over their own wallet and assets.

According to official OKX explanations, the private keys and seed phrases of a standard Web3 Wallet are stored on the user’s device, and OKX does not hold them on your behalf or have a structure to arbitrarily recover lost keys.

Therefore, you should not understand it as “because OKX holds it for me, I can always recover it even if I lose my seed phrase.”

The biggest difference between Exchange and Web3 Wallet

Category	OKX Exchange	OKX Web3 Wallet
Asset Management	Exchange account-based	User-centric non-custodial
Private Key Management	Not managed by user	Managed by user
Trading Method	CEX order book	On-chain/DEX
DApp Usage	Limited	Possible
DeFi Access	Focused on separate products	Direct on-chain access
Key Loss Risk	Relatively low	User is directly responsible

While the Web3 Wallet offers high freedom, the user’s responsibility is equally large.

If you lose your private key or seed phrase, or grant permissions to a malicious smart contract, it is difficult for customer support to cancel transactions as they would on a centralized exchange.

What is the OKX DEX Aggregator?

The OKX Wallet includes a DEX Aggregator that compares liquidity across multiple decentralized exchanges.

When a user tries to swap a specific token, it does not just use one DEX, but compares multiple liquidity pools and trading paths to find an execution route that considers price, slippage, and fees.

In an official explanation released by OKX in 2026, it is stated that it integrates over 100 DEX paths and explores paths for over 100,000 tokens across more than 10 chains. Support coverage is subject to change.

The OKX X Routing algorithm works by comparing multiple liquidity pools and splitting orders if necessary to optimize price and slippage.

Things to note when using the DEX Aggregator

Just because it finds the optimal path does not mean there are no losses.

The following costs and risks may exist:

Network Gas Fee
Slippage
Sudden price fluctuations
Bridge risks
Smart contract risks
Lack of liquidity
Fake tokens
Malicious DApps
On-chain execution risks such as MEV

In particular, since fake tokens with the same name and ticker may exist, it is important to get into the habit of checking the Contract Address rather than just the token name.

7. OKX Advanced Trading Features and Risk Management

OKX offers a variety of advanced trading and asset management features beyond simple spot buying and futures long/short positions.

However, “advanced features” do not necessarily mean “higher profits.”

As features become more complex, the structure of unexpected losses can also become more complex, so you must first understand the operating principles of the product.

Trailing Stop

Trailing Stop is a method where the order is executed when the price reverses by a certain level after following the market price as it moves in a favorable direction.

For example, when a BTC long position is rising, using a Trailing Stop instead of setting a fixed take-profit price allows you to maintain the position while the upward trend continues and lock in profits once a certain degree of reversal occurs.

However, if the Callback Ratio is set too narrow, the position may be closed due to normal short-term fluctuations.

Therefore, it is accurate to understand the Trailing Stop not as a “feature that automatically sells at the peak,” but as a feature that executes an order by detecting a certain degree of reversal after a peak is formed.

Portfolio Margin

Portfolio Margin is an advanced margin method that evaluates the overall risk of the portfolio comprehensively instead of calculating the risk of multiple positions individually.

For example, you can assume you hold the following positions simultaneously:

BTC Spot Long
BTC Perpetual Futures Short
BTC Option Position

While each position may appear large independently, some price risks may offset each other overall.

Portfolio Margin can be used to increase capital efficiency for professional investors by reflecting these hedging relationships in risk calculations.

However, it is not appropriate for beginners to approach this as a feature to use higher leverage.

It is more suitable for professional investors who understand the correlation between various products and portfolio risk.

Options

On OKX, some users use option products to construct strategies targeting volatility itself, rather than just simple upward or downward directions.

Using Calls and Puts, the following strategies are possible:

Upward direction strategy
Downward direction strategy
Volatility expansion strategy
Volatility contraction strategy
Spot position hedge
Profit range limitation strategy

Options have a more complex profit and loss structure than futures, and factors such as expiration, strike price, implied volatility (IV), and time value affect the price.

Therefore, you should not approach option products the same way just because you have experience in futures trading.

Structured products are not ‘safe deposits’

While structured products like Shark Fin have been introduced in past OKX product descriptions, the currently available products and names vary by region and time.

Therefore, it is not appropriate to describe a specific structured product as “low risk, principal protected, 20% APR or more” in a fixed manner.

You should make decisions based on the products currently provided in your actual account and the risk disclosure statement for each product.

8. OKX FAQ and Troubleshooting

The problems that actual users frequently encounter while using OKX arise more from rewards, deposits/withdrawals, API, sub-accounts, and authentication/security settings than from the registration process itself.

If you do not see your new user sign-up reward

OKX’s new user events and rewards are not always the same.

The rewards you can receive may vary depending on your country, sign-up path, event period, KYC status, and deposit/trading conditions.

Therefore, it is best to avoid making fixed claims such as “Every OKX registrant receives a mystery box” or “You can unconditionally receive up to 50 USDT.”

After signing up, it is most accurate to check the events and conditions actually applied to your account in OKX’s Campaign Center or My Rewards.

Verifying if referral benefits have been applied

Referral benefits are also subject to the conditions displayed on the actual sign-up page rather than the numbers written in internet posts.

Currently, the official COINPOP partner sign-up page displays a 20% off on trading fees.

OKX Partner Sign-up Link

https://www.okx.com/join/COINPOP

Referral Code: COINPOP

Promotion conditions may change in the future, so it is recommended to check the latest benefits displayed on the screen when actually signing up.

If API connection fails

If an API connection error occurs in an automated trading program or external service, check the following items:

API Key
Secret Key
Passphrase
API permissions
IP Whitelist
Trading account settings
API request limits
Trading pair name
Server time synchronization
API version

In particular, when providing an API Key to an external service, it is important to allow only the minimum necessary permissions.

If a program only requires trading functionality, it is best not to add unnecessary permissions.

When should you use a Sub-account?

Sub-accounts are useful for managing different strategies or funds separately.

For example, you can configure them as follows:

Main Account
Overall asset management

Sub-account 1
Long-term spot investment

Sub-account 2
BTC Futures

Sub-account 3
Trading Bot

Sub-account 4
API Automated Trading

Separating them this way makes it easier to track the profit, loss, and risk of each strategy.

The number of sub-accounts you can create on OKX may vary depending on your account’s fee tier, etc. Official help guides provide different allowed numbers for regular users and VIP users, so it is most accurate to check the actual limit on your Fee Tier page.

Regular sub-accounts may have restrictions on withdrawal functions, and there are structures where funds are moved through the main account, so you should check the permissions for each account before use.

9. OKX Earn Guide

OKX Earn is a group of products that find profit opportunities using the cryptocurrency you hold without trading.

Typically, the following products are offered:

Simple Earn
On-chain Earn
Dual Investment

However, you should not think of it as a bank deposit just because of the name “Earn.”

Each product has different profit generation principles and risks.

Simple Earn

Simple Earn Flexible is a structure where users supply cryptocurrency and connect it to loan demand within the platform to earn market-based returns.

According to official OKX descriptions, these assets may be lent to the platform’s loan users or margin traders, and the yield is determined by market loan demand.

Flexible products generally offer the convenience of being able to redeem assets, but the same APR is not always guaranteed.

If loan demand is insufficient, assets may not be lent during some periods, and interest may not be generated.

And the most important point is that official OKX documentation clearly states the following:

Simple Earn is not a principal-protected product.

Therefore, you should not conclude that it is “the safest product like a bank deposit.”

Dual Investment

Dual Investment is a structured product where the settlement asset may change depending on the price conditions at maturity, with a set target price and maturity date.

For example, if an investor holding BTC uses the “Sell High” type, if the target price condition is met, the BTC will be converted into another settlement currency, and you can receive the agreed-upon profit along with it.

If the condition is not met, a method of settling with the existing asset may be used.

Therefore, it is insufficient to simply describe it as “a product where you place a limit sell order and even receive interest.”

The key risk is that the coin you wanted to hold may be converted into another asset if the target price is reached.

Also, OKX currently provides an early redemption feature for some Dual Investment products, but advises that losses may occur depending on the early redemption price.

On-chain Earn

On-chain Earn is a product that provides profit opportunities through blockchain-native staking or DeFi protocols.

Official OKX descriptions guide users to the following two main types:

Proof-of-Stake (PoS) Staking
DeFi Protocols

In PoS Staking, you can use your assets in the blockchain’s validation process and receive rewards.

In the DeFi method, you can utilize on-chain protocols such as liquidity provision, lending, and borrowing.

Earn Product Comparison

Product	Profit Structure	Difficulty	Key Risks
Simple Earn	Loan demand-based	Low	Yield fluctuation, platform risk
On-chain Earn	PoS/DeFi	Medium	Network/protocol risk
Dual Investment	Structured product	High	Settlement currency change/price risk

Rather than choosing a product solely because the APR or APY is high, it is important to first understand where the profit is generated.

10. OKX Trading Bot Complete Guide

OKX provides a Trading Bot feature that allows you to execute various automated strategies within the exchange.

As of 2026, the main bots officially announced include Spot Grid, Futures Grid, Spot/Futures DCA (Martingale), Smart Arbitrage, Recurring Buy, Signal Bot, Iceberg, TWAP, Smart Portfolio, etc.

While the bot itself automates trading, automated trading does not mean that profit is guaranteed.

Trading fees and market losses also occur as usual.

Spot Grid Bot

Spot Grid is a strategy that automatically repeats buying and selling by dividing a specific price range into multiple grids.

For example, if you expect BTC to move between 90,000 and 100,000 USDT, you can divide that range into multiple price intervals and

Buy when the price goes down
Sell when the price goes up

repeat these orders.

You can expect results when repetitive price oscillations occur in a sideways market.

Conversely, if the price moves strongly in one direction outside the grid range, the strategy efficiency can be significantly reduced.

OKX currently states that it supports up to 1,000 grid settings in Spot Grid.

Futures Grid Bot

Futures Grid applies the grid strategy to futures.

You can construct Long, Short, and Neutral strategies and use leverage.

Unlike Spot Grid, it carries significantly higher risk due to the addition of leverage and liquidation risks.

In particular, you must consider the situation where the position size becomes larger than expected as Grid orders are repeated.

Signal Bot

The Signal Bot is an automated trading tool that allows you to connect trading signals from platforms like TradingView to OKX order functions.

OKX officially provides TradingView Integration and real-time execution as key features of the Signal Bot.

For example, in TradingView, you can:

Create RSI conditions
Set moving average crossovers
Configure price breakouts
Develop custom Pine Script strategies

and configure them to execute automatic orders when the conditions are met.

However, if the signal is poorly designed, incorrect orders will also be repeated automatically.

Therefore, sufficient backtesting and small-scale testing are required before real-world application.

DCA (Martingale) Bot

The Martingale method is a strategy that adjusts the average entry price by placing additional orders when losses or price declines occur.

OKX also provides Martingale Bots in the form of Spot DCA and Futures DCA.

The advantage is that if a rebound occurs, you can reach the break-even point faster as the average unit price has been lowered.

Conversely, if the price continues to fall, the required capital and position risk can grow rapidly as additional orders are repeated.

Therefore, Martingale is not a “guaranteed winning strategy if it eventually rebounds.”

In particular, Futures Martingale should be used with even greater caution as it combines leverage and liquidation risks.

Smart Arbitrage

The OKX Smart Arbitrage Bot is a Delta-Neutral strategy that combines opposing positions, such as buying spot and shorting perpetual futures, to reduce directional risk and utilize Funding Fees.

However, the term “Delta-Neutral” does not mean “risk-free.”

The following risks still exist:

Funding Rate changes
Basis changes
Trading fees
Slippage
Position imbalance
Exchange risk

OKX Trading Bot Recommendation Rating

Bot	Suitable Market	Difficulty	Recommendation
Spot Grid	Sideways Market	Low	★★★★★
Futures Grid	Sideways/Directional Market	High	★★★☆☆
Recurring Buy	Long-term Accumulation	Low	★★★★★
Signal Bot	System Trading	High	★★★★☆
Spot DCA	Dollar Cost Averaging	Medium	★★★★☆
Futures DCA	High-Risk Futures	High	★★☆☆☆
Smart Arbitrage	Funding Utilization	High	★★★★☆
TWAP	Large Orders	High	★★★★☆
Iceberg	Large Orders	High	★★★☆☆

11. Detailed Guide to OKX Web3 Wallet

The OKX Web3 Wallet is not just a wallet for storing cryptocurrency; it acts as a Web3 interface that connects DEX, DeFi, DApps, NFTs, and various on-chain functions.

The Meaning of Self-Custody

The biggest difference between assets stored on the OKX Exchange and those in the OKX Web3 Wallet is the responsibility for management.

The Web3 Wallet is a non-custodial structure where the user controls the private keys.

Therefore, it has the advantage of implementing the traditional cryptocurrency principle of:

“Not your keys, not your coins”

Conversely, the responsibility for managing private keys also lies with the user.

OKX officially states that it cannot recover the private keys or Seed Phrases of standard Web3 Wallets.

Using DApps

You can connect to various decentralized services through the Web3 Wallet.

Typical use cases include:

DEX trading
DeFi
Staking
Lending
NFTs
Bridges
Participating in on-chain projects

However, when connecting to DApps, you must verify what permissions you are granting to the smart contract.

If you grant unlimited Token Approval and a malicious contract exploits that permission, your wallet assets could be at risk.

Why Contract Address is Important in DEX Trading

Unlike centralized exchanges, anyone can create tokens and liquidity pools on a DEX.

Therefore, fake tokens using:

The same name
The same symbol
Similar logos

may exist.

If you are trading a new token on a DEX, it is recommended to verify that the project’s official Contract Address matches the Contract Address of the token you intend to trade.

Things to Remember for Web3 Wallet

Do not share your Seed Phrase with anyone.
Do not open your Seed Phrase while screen sharing.
Be cautious of links in Telegram/Discord DMs.
Verify the Contract Address.
Check DApp Approval details.
Separate large assets from experimental wallets.
Check Gas Fees.
Double-check the network when using a Bridge.

As the Web3 Wallet offers high freedom, it is an environment where user security responsibility is greater than with a CEX.

12. OKB Token Utility and 2026 Tokenomics

OKB is the core utility token used in the OKX ecosystem, and there have been significant changes to its tokenomics following the X Layer revamp in 2025.

Therefore, you should not apply the regular buyback/burn model of OKB described in older internet articles to the current situation.

Major 2025 OKB Tokenomics Changes

In August 2025, OKX burned 65,256,712.097 OKB in a one-time event.

This included previously purchased OKB and Treasury Reserve holdings.

Since then, the total supply of OKB has been fixed at 21,000,000.

A more important change is that the additional Mint and Burn functions have been removed from the smart contract itself.

Therefore, the past explanation that “OKX continuously buys and regularly burns OKB using a portion of its trading fee revenue” is no longer accurate under the current tokenomics.

OKB and X Layer

Currently, OKB serves as the native token and Gas token for X Layer.

In other words, it is a structure where on-chain activity on X Layer is linked to the utility of OKB.

Through the 2025 revamp, OKB on the existing Ethereum L1 was phased out, and the economic model was reorganized around X Layer.

Important Criteria for Evaluating OKB Today

It is inaccurate to simply describe OKB as “OKX stock.”

Holding OKB does not grant legal ownership or shareholder rights in the OKX company.

Therefore, it is accurate to understand it as follows:

OKB = Utility/Native token utilized in the OKX/X Layer ecosystem

When analyzing OKB after 2026, the following factors are important:

Fixed supply of 21,000,000 OKB
X Layer usage
Gas Token demand
Utility within the OKX ecosystem
Exchange-related benefits
Market liquidity
Regulatory environment

13. OKX Security and Proof of Reserves (PoR)

When evaluating the safety of an exchange, looking only at “Has it ever been hacked?” is not sufficient.

You must also check the following factors:

Customer asset management structure
Account security
Proof of Reserves
Withdrawal security
Operational risk
Incident response system
User’s own security settings

Proof of Reserves (PoR)

OKX publishes Proof of Reserves so that users can verify customer assets and the reserve assets held by the exchange.

OKX currently provides reserve data for up to 22 cryptocurrencies and states that it updates the reserve information on a monthly basis.

In July 2026, it announced its 45th consecutive Proof of Reserves publication.

OKX’s PoR system also utilizes cryptographic verification technologies such as zk-STARKs.

Is an exchange completely safe if PoR is over 100%?

You cannot conclude that.

While PoR is an important transparency indicator, it is not exactly the same concept as a traditional corporate audit that shows the entire financial health and all liabilities of an exchange in the same way.

Therefore, you should not interpret it as:

PoR ≥ 100% = 0% chance of bankruptcy

It is reasonable to use PoR as one of several criteria for evaluating an exchange.

Be cautious of the past ‘95% cold wallet’ figure

The explanation that “OKX stores over 95% of user assets in cold wallets” is widely circulated on the internet.

However, since ratios or specific storage architectures can change over time, it is not recommended to use fixed numbers not verified in the latest official documents as current facts.

Therefore, this article recommends directly checking the latest PoR and the security policies published by OKX rather than assuming a specific cold wallet ratio.

Security settings users must perform themselves

Apart from the exchange’s own security, a significant portion of account takeovers starts with user account security.

OKX currently provides the following account security features:

Authenticator App
Mobile Verification
Face Verification
Passkey
Anti-Phishing Code

If possible, it is recommended to enable Passkey or Authenticator and also set up an Anti-Phishing Code.

Checking for phishing sites

Before logging in via search results, emails, or Telegram/Discord messages, you must verify the URL.

OKX also advises in its official security guide to verify that the domain is OKX.com before entering sensitive information and not to blindly click on login links in emails or SMS.

14. Futures Trading Risk Management and Investment Psychology

The most important thing for long-term survival in the futures market is not hitting a jackpot, but ensuring that a single major failure does not destroy your entire account.

Risk-Reward Ratio

The Risk-Reward Ratio is the ratio between the loss you are willing to take and the profit you expect from a single trade.

For example,

Expected Loss: 100 USDT
Expected Profit: 200 USDT

would result in a risk-reward ratio of 1:2.

However, there is no absolute rule that says “the risk-reward ratio must always be 1:2 or higher.”

The risk-reward ratio must be considered in conjunction with your win rate.

For example, if we simplify by ignoring fees,

a strategy with a 50% win rate, an average loss of 1, and an average profit of 2

can have a positive expected value.

Conversely, even if the risk-reward ratio is high, it cannot be concluded as a good strategy if the actual win rate is excessively low.

Expected Value

For a trading strategy, the expected value over repeated trades is more important than the result of one or two trades.

Simply put, it can be viewed through the following concept:

Expected Value = (Win Rate × Average Profit) – (Loss Probability × Average Loss)

And in actual trading, you must also include:

Trading fees
Funding Fee
Slippage

in this calculation.

Even if a strategy is profitable in backtesting, the expected value may become negative once all costs are reflected.

How much should you risk at once?

It is not possible to recommend that every investor “must risk 2–5% of their assets per trade.”

The appropriate ratio varies depending on asset size, strategy win rate, maximum consecutive losses, and volatility.

The important thing is to determine the maximum loss amount before entering a position.

For example,

Account: 10,000 USDT
Maximum allowable loss per trade: 100 USDT
Stop Loss distance: 2%

you can calculate the position size in reverse based on the allowable loss range.

This method is much more systematic than simple leverage criteria like “10x leverage is safe and 20x is risky.”

It is better not to use the Kelly Criterion as is

The Kelly Criterion is a method for calculating the theoretical betting ratio to maximize long-term capital growth using win rate and risk-reward ratio.

However, in the actual cryptocurrency market, it is difficult to know the exact win rate and expected return in advance.

Even a slight error in the input values can lead to an excessively large position size suggested by Kelly.

Therefore, in practice, conservative applications like Fractional Kelly are often used rather than using Full Kelly as is.

Beginners are better off learning simple Risk Management that limits the maximum loss per trade to a certain range before learning the Kelly formula.

Revenge Trading

Immediately after a loss,

“I will just recover the money I just lost”

is the mindset that leads to increasing position sizes or using leverage not typically used; this is Revenge Trading.

The problem is that emotions, rather than market analysis, begin to determine the trade size.

If a loss has occurred, it is more rational to check the following before making the next trade:

Did I stop out according to the existing strategy?
Was there a system error?
Was the position size too large?
Was it simply a normal probabilistic loss?

before proceeding.

Scaling in is not always safe

Scaling in (averaging down) can diversify entry prices, but if you keep increasing the total position size, the risk also increases.

Therefore,

“If the price goes down, I keep adding to the position = Risk Management”

is an incorrect approach.

If you use scaling in, you must determine the following from the start:

Total maximum position
Initial entry quantity
Additional entry conditions
Maximum number of additional entries
Final Stop Loss
Total maximum loss

A method of adding without a plan whenever the price drops is completely different from a pre-designed scaling-in strategy.

15. OKX Official Links and Final Checklist Before Use

The most basic and important principle when using OKX is to verify the official site and the correct registration path.

Why you should be wary of phishing sites

You may be directed to phishing pages created to look very similar to the real OKX through search ads, Telegram, Discord, email, and SNS DMs.

It is recommended to check the domain before logging in and save the official site to your bookmarks.

OKX official domain:

https://www.okx.com

Check the address bar again before entering passwords, OTP, or Passkey authentication.

COINPOP Official Partner Sign-up Benefits

New users should check the referral benefits applicable to them before creating an account.

Currently, a 20% trading fee discount is displayed on the OKX COINPOP official registration page.

OKX Official Partner Registration Link

https://www.okx.com/join/COINPOP

Referral Code

COINPOP

※ Verified as of August 9, 2026. Promotion details and availability may change depending on country, account, and OKX policy. Please confirm the benefits displayed on the actual OKX screen when signing up as the final reference.

Settings to check first after signing up

Once OKX registration and KYC are complete, it is better to check the following items before depositing a large amount.

Security

Authenticator setup
Check Passkey setup availability
Anti-Phishing Code setup
Check login devices
Bookmark the official domain

Deposits and Withdrawals

Verify KYC English name
Compare with domestic exchange account information
Check withdrawal Network
Check if Tag/Memo is required
Test with a small amount for new addresses

Futures Trading

Check Cross / Isolated
Check Leverage
Check Position Size
Set Stop Loss
Set Take Profit
Check Liquidation Price
Check Mark Price
Check Funding Rate

Final Summary

OKX is a platform that goes beyond a centralized exchange for buying and selling Bitcoin, offering various features such as Jumpstart, Web3 Wallet, DEX Aggregator, Earn, Trading Bot, API, and Portfolio Margin.

However, having many features does not mean you must use all of them.

If you are a beginner, it is recommended to learn in the following order:

Spot Trading → Deposits/Withdrawals → Security → Limit Order → Basic Futures Structure → Stop Loss

After that, it is efficient to expand your scope to advanced features such as:

Trading Bot → API → Web3 Wallet → DeFi → Portfolio Margin

as needed.

Especially for features that emphasize high returns or capital efficiency like Earn, Dual Investment, Martingale, and Portfolio Margin, you must first understand where the profit comes from and in what situations losses occur.

What is important in choosing an exchange is not just one benefit, but comprehensively comparing trading costs, liquidity, security, deposit/withdrawal convenience, trading features, and risk management functions.

When signing up as a new user, you can also check the currently applicable fee discounts.

OKX Official Partner Link

https://www.okx.com/join/COINPOP

Referral Code: COINPOP

Currently verified trading fee discount: 20%

Virtual assets and derivatives carry the risk of principal loss, and derivatives using leverage can cause losses to expand very rapidly. Product-specific conditions and supported features may vary depending on country and OKX policy, so it is recommended to confirm the latest conditions displayed on the OKX screen immediately before actual trading as the final reference.

16. Complete Guide to OKX Order Types

In cryptocurrency trading, the order type is as important as getting the direction right. Even if you trade the same coin at the same price, the actual execution price, fees, slippage, and final profit/loss can vary depending on whether it is a market order or limit order, whether you used Post Only, and what price basis you set for Stop Loss.

OKX supports various order functions such as Trigger, TP/SL, Trailing Stop, Post Only, IOC, FOK, Iceberg, and TWAP, in addition to basic Market and Limit orders.

You don’t need to use all features from the start. If you are a beginner, it is recommended to first understand the concepts of Limit Order + Stop Loss + Take Profit + Reduce Only.

Market Order

A market order is a method of executing an order as quickly as possible using the price available in the current order book.

For example, if BTC is trading at about 100,000 USDT and you want to buy BTC immediately, you can use a market order.

However, there is no guarantee that the last price displayed on the screen will be exactly your execution price.

The larger the buy order, the more it will sequentially consume the various sell orders in the order book, which may increase the average execution price. This is called slippage.

When a market order is suitable

When quick position liquidation is needed
When a stop loss must be executed immediately
When trading major pairs with sufficient liquidity
When execution is more important than the execution price

Points to note

If you place a large market order in a volatile altcoin or a market with a thin order book, it may be executed at a much more unfavorable price than expected.

Limit Order

A limit order is a method where the user sets the price at which they want the order to be executed.

For example, if the current price of BTC is 100,000 USDT and you want to buy at 98,000 USDT, you can register a limit buy order at 98,000 USDT.

If the price does not drop to 98,000 USDT, the order will not be executed.

Advantages

You can control the desired price.
Slippage management is easier than with market orders.
If you provide liquidity to the order book, it can become a Maker order.

Disadvantages

If the price does not reach the order price, it will not be executed.
Even if the price momentarily touches your limit price, your entire order may not be filled due to existing order volume ahead of yours.
You may miss entry opportunities during rapid price surges or drops.

Limit Order does not always mean a Maker order.

If you submit a Limit Order at a price that immediately matches an existing order in the order book, it may be processed as a Taker order.

Trigger Order

A Trigger Order is a method of scheduling an order to be created only when a specific price condition is met.

For example, if BTC is trading at 100,000 USDT but you want to buy only after it breaks through 102,000 USDT, you can set 102,000 USDT as the Trigger Price.

Unlike a standard limit order, the actual buy/sell order is not exposed to the order book until the condition is met.

This can be used for breakout trading, trend entry, or automatic liquidation below a certain price.

Take Profit / Stop Loss (TP/SL)

TP/SL is a feature that automates profit taking and loss limitation for your positions.

Take Profit (TP) is a feature that closes a position when a target profit price is reached, while Stop Loss (SL) is a feature that closes a position before losses exceed a defined range.

When setting TP/SL on OKX, it is important to consider not just the price value, but also which price is used as the trigger basis.

The primary benchmarks are as follows:

Last Price: The actual most recent traded price
Mark Price: The reference price used for derivative position valuation and liquidation assessment
Index Price: The index price calculated based on various spot market prices

In particular, futures traders must understand the difference between the Last Price and the Mark Price.

Trailing Stop

A Trailing Stop is a method where the reference price follows the market price as it moves in your favor, and executes an order if the price reverses by a certain amount.

For example, if a BTC long position is in a strong uptrend but you cannot determine the exact peak, you can use a Trailing Stop to follow the uptrend and automatically liquidate upon reversal.

Unlike a simple fixed Take Profit, it has the advantage of keeping profits open when a strong trend lasts longer than expected.

However, if the Callback Ratio or price interval is set too narrowly, the position may be closed too early due to normal short-term volatility.

Reduce Only

Reduce Only is a feature that restricts an order to be used only for reducing an existing position.

For example, suppose you hold a 1 BTC long position and accidentally submit a 1.5 BTC sell order.

With a standard order, you might close the existing 1 BTC long and inadvertently open a 0.5 BTC short position.

By using Reduce Only, the order will only function to reduce the existing position, thereby reducing the risk of creating an unintended opposite position.

This is a particularly useful feature in futures trading.

Post Only

Post Only is an option that prevents an order from becoming a Taker order that executes immediately, ensuring it is registered as a Maker order in the order book.

If you submit an order that would execute immediately, OKX will either cancel the order or process it to maintain the Maker condition.

This is useful for day traders and high-volume traders where fee management is critical.

However, since maintaining the Maker status takes priority over execution, you may miss trading opportunities in a rapidly changing market.

IOC (Immediate or Cancel)

IOC is a method where the order is executed immediately for as much as possible, and the remainder is cancelled.

For example, if you request to buy 10 BTC but only 6 BTC can be traded immediately under your conditions, only 6 BTC will be filled and the remaining 4 BTC order will be cancelled.

This can be used when you want to allow partial fills but do not want to leave unfilled orders behind.

FOK (Fill or Kill)

FOK is a method where the entire order quantity must be filled immediately; otherwise, the entire order is cancelled.

The biggest difference from IOC is that it does not allow partial fills.

This can be utilized in large-scale trades where you need to secure or liquidate a specific total quantity at once.

Iceberg Order

An Iceberg order is a method of splitting a large order into smaller orders rather than exposing the entire volume to the order book at once.

If a large buy order is fully exposed to the market, other market participants may notice it and move the price.

Iceberg orders are used to reduce such market impact and the exposure of order information.

It is more useful for investors with large trading volumes than for average retail investors.

TWAP Order

TWAP (Time-Weighted Average Price) is an algorithmic order method that splits a large order into multiple smaller orders executed over a specific period.

For example, if you buy 100 BTC at once in the market, it is likely to push the price up significantly.

By using TWAP, you can process the order over a set time to reduce market impact.

However, TWAP does not always guarantee a better price, as the market price itself may continue to rise or fall while the order is being split.

Comparison of OKX Order Methods

Order Method	Core Purpose	Difficulty	Recommendation
Market	Immediate Execution	Easy	★★★★☆
Limit	Price Control	Easy	★★★★★
Trigger	Conditional Entry	Medium	★★★★★
Take Profit	Automatic Profit Taking	Easy	★★★★★
Stop Loss	Loss Limitation	Easy	★★★★★
Trailing Stop	Trend Following	Medium	★★★★☆
Reduce Only	Prevent Opposite Position	Medium	★★★★★
Post Only	Maker Order Management	Medium	★★★★☆
IOC	Immediate Partial Fill	High	★★★☆☆
FOK	Immediate Full Fill	High	★★★☆☆
Iceberg	Large Order Splitting/Hiding	High	★★★☆☆
TWAP	Time-Distributed Large Order	High	★★★★☆

The Four Most Important Things for Beginners

If you are new to OKX futures, it is better to understand these four things first rather than trying to memorize every order function.

Limit Order
Stop Loss
Take Profit
Reduce Only

Developing the habit of using Limit Orders and TP/SL together, rather than just repeating market orders, will allow you to manage execution prices and risks much more systematically.

17. The Complete Guide to OKX Funding Fees

Perpetual Futures do not have a fixed expiration date, unlike standard futures contracts.

Therefore, without an adjustment mechanism, the gap between the perpetual futures price and the actual spot price could widen over time.

The core mechanism used to adjust this is the Funding Rate and Funding Fee.

What is a Funding Fee?

The funding fee is essentially an amount exchanged between long and short positions in perpetual futures.

If the Funding Rate is positive, longs generally pay shorts; if negative, shorts pay longs.

Funding Rate	Payment	Receipt
Positive (+)	Long	Short
Negative (-)	Short	Long

You should not confuse the funding fee itself with standard trading commissions.

Trading commissions are costs paid to the exchange during order execution, while the funding fee is a mechanism to adjust the divergence between the perpetual futures price and the spot price.

How often does the OKX funding fee occur?

Many explanations simply state that “OKX funding fees occur every 8 hours,” but in reality, it can vary by contract.

While the default settlement interval is 8 hours, intervals of 1, 2, or 4 hours may be applied depending on market conditions and the contract.

Therefore, it is most accurate to check the next Funding Time and Funding Rate displayed on the specific futures trading screen before trading.

Funding Fee Calculation Example

Simplified, it can be understood as follows:

Funding Fee ≈ Position Value × Funding Rate

For example,

BTC Position Nominal Value: 50,000 USDT
Funding Rate: +0.01%

The funding amount at that settlement time would be approximately

50,000 × 0.0001 = 5 USDT

You can understand it as a long position paying approximately 5 USDT, while a short position receives it.

Since actual calculations may vary based on product and contract rules, it is recommended to check the estimated Funding Fee on the trading screen.

If I increase leverage from 10x to 100x, does the funding fee also increase by 10x?

Not necessarily.

The key is the actual nominal position value, not the leverage number itself.

For example, if two people both hold a 100,000 USDT position, the nominal position value is the key to the funding fee calculation in the same contract, regardless of their margin or leverage.

The issue is that using higher leverage often allows you to create a much larger position with the same capital.

Therefore, in practice, high-leverage users often end up paying larger funding fees.

What does a very high funding fee mean?

A consistently high positive Funding Rate can be seen as a signal that long demand is strong in the market.

Conversely, if the Funding Rate is significantly negative, it may mean that short position bias is strong.

However, you should not interpret it as follows:

“Because the funding fee is high, the price will definitely fall.”

The Funding Rate is just one indicator showing market positioning, not a guarantee of a price reversal.

There are cases where high positive funding persists for a considerable period during a strong bull market.

Delta-Neutral Strategy Using Funding Fees

Professional investors can use strategies that seek funding profits while reducing price direction exposure by setting up opposite positions in spot and futures.

A typical example is as follows:

Buy BTC spot
Short BTC perpetual futures
Offset a significant portion of price direction exposure
Receive funding fees from the short position if a positive Funding Rate is maintained

This can be viewed as a Cash-and-Carry or Delta-Neutral strategy.

However, this is not a risk-free profit.

You must consider trading commissions, slippage, Funding Rate changes, basis changes, position management costs, and exchange risk.

What if I close my position just before the funding settlement?

Generally, if you do not hold a position at the time of the funding settlement, you will not pay or receive the funding fee for that settlement.

However, closing and reopening a position every time just to avoid a single funding fee is not always advantageous.

This is because round-trip trading commissions and slippage may be greater than the funding fee.

Funding Fee Checklist

If you plan to hold a position for a long time, check the following:

Current Funding Rate
Next Funding Time
Funding Interval
Estimated Holding Period
Position Notional Value
Cumulative Estimated Funding Cost
Entry/Exit Trading Fees

Even if the Funding Rate appears small, the cumulative cost can become significant if repeated over a long period.

18. The Complete Guide to the OKX Liquidation System

Liquidation is one of the most important yet most misunderstood concepts in futures trading.

Stop-loss and liquidation are not the same thing.

A stop-loss is when an investor voluntarily closes a position to manage risk, whereas liquidation is a process where the system forcibly reduces or closes a position when the account fails to meet the required maintenance margin conditions.

Initial Margin and Maintenance Margin

In futures trading, you must first understand two margin concepts.

Initial Margin

This is the margin required to open a position.

For example, in a simple calculation, if you create a 10,000 USDT position with 10x leverage, you can understand that an initial margin of approximately 1,000 USDT is required.

The actual required margin varies depending on the product and account settings.

Maintenance Margin

This is the minimum level of margin required to keep a position open.

If your account risk increases and you fail to meet the maintenance margin conditions, the liquidation process may begin.

Differences Between Last Price, Index Price, and Mark Price

You must distinguish between these to understand liquidation.

Last Price

This is the most recent price at which a trade was actually executed on OKX.

Index Price

This is a price used to calculate the reference price of the underlying asset by referencing data from multiple spot markets.

Mark Price

This is the reference price used to track the fair price of derivatives, playing a crucial role in position valuation and determining liquidation risk.

Therefore, just because BTC momentarily trades at a certain price on the screen, you should not look only at the Last Price and judge, “Why was I liquidated?” or “Why haven’t I been liquidated yet?”

In futures trading, you must always check the Mark Price as well.

Leverage and Liquidation Risk

You can create a larger position by increasing leverage with the same margin.

However, even if the price moves slightly in the opposite direction, the rate of loss relative to the margin accelerates.

Leverage	Relative Liquidation Risk	Beginner Perspective
2x	Low	Relatively easy to manage
3~5x	Low to Medium	Risk management required
10x	Increased	Stop-loss essential
20x	High	Experience required
50x	Very High	Risky even with small fluctuations
100x	Extremely High	Unsuitable for beginners

This table is not intended to show exact liquidation prices but to compare risk levels intuitively.

The actual liquidation price is influenced by various factors such as the maintenance margin rate, position size, account mode, and additional margin.

Differences Between Isolated and Cross Margin

Isolated Margin

Risk is managed based on the margin allocated to a specific position.

Because risk is more separated from other assets, it is effective for limiting the risk of a single position failure spreading to the entire account.

Cross Margin

Uses shared account assets as margin.

While this can increase the buffer to withstand liquidation, conversely, if you maintain a bad position, more of your account assets may be exposed to risk.

Cross is not safer than Isolated; it is simply a different way of sharing risk.

Why Liquidation Prices Differ from Expectations

It is normal for the simple “Entry Price ± 1/Leverage” formula calculated by the user to differ from the actual OKX liquidation price.

In the actual system, the following factors can have an impact:

Maintenance Margin Rate
Position Size and Risk Tier
Mark Price
Trading Fees
Funding Fee
Cross/Isolated Settings
Other Positions in the Account
Additional Margin
Account Mode

Therefore, use simple formulas only as educational estimates, and in actual trading, you should check the Liquidation Price and Margin Ratio displayed by OKX.

Partial Liquidation and Risk Reduction

Liquidation does not always mean that a large position is completely closed all at once.

A method of reducing a portion of the position may be used to lower the risk level.

For this reason, it is not accurate to simply explain that “liquidation = position always disappears 100% immediately.”

Insurance Fund

During rapid price fluctuations, there is a possibility that liquidation orders may be executed at a price less favorable than the bankruptcy price.

The Insurance Fund is a pillar of the system designed to manage these extreme liquidation losses.

ADL (Auto-Deleveraging)

If market conditions are extreme and the Insurance Fund alone is insufficient, ADL may be used as a final risk management measure.

When ADL occurs, opposing positions with high priority based on profitability and leverage may be automatically reduced.

While this is not a feature traders commonly experience in normal conditions, if you trade high-leverage derivatives, you should be aware of the concept itself.

Why You Should Think of Stop-Loss Before Liquidation

You should not use the liquidation price as a stop-loss price.

For example, if the liquidation price is 90,000 USDT, thinking “I can hold until 90,000” effectively eliminates your risk management.

The correct approach is as follows:

Entry Price → Price at which you judge your investment idea is wrong → Stop Loss → A liquidation price much further away

In other words, it is better to view liquidation as a final forced risk management mechanism rather than the end point of a normal trading plan.

19. The Complete Guide to OKX Trading Fees

When calculating returns, many beginners only look at the buy and sell prices on the chart.

However, you should think of actual net profit as follows:

Actual Net Profit = Trading Profit/Loss – Trading Fees – Funding Cost – Slippage – Withdrawal/Network Fees, etc.

The more frequent your trading, the more small cost differences accumulate.

Maker and Taker

Maker

An order that provides new liquidity to the order book.

Limit orders that are not executed immediately are typical examples.

Taker

An order that takes existing liquidity from the order book and executes immediately.

Market orders or limit orders that execute immediately are typical examples.

Usually, Makers and Takers are subject to different fee rates.