GUIDE ON OKEX USDT FUTURES

1. What’s USDT Futures ? And what is it like at Okex ?

USDT futures contract is a linear derivative product quoted and settled in USDT. Each contract has a face value of a fixed amount of digital tokens, traders can long a position to profit from the increase of a crypto’s price, or short a position to profit from the decline.

Simply put,USDT as margin is similar to you trade in USDT spot market but with leverages. You can go long or sell short with a leverage up to 100x.

Currently, Okex offers pairs of BTC, ETH, BCH, EOS, XRP, BSV and TRX USDT with a leverage of 0.01100100x, both in fixed mode and cross trading.

2. Key features of OKEx USDT Futures

• Linear Contract — simpler for traders and does not need to hedge the margin risk of inverse contracts
• Leverage Level: 0.01–100x
• Supported pairs: BTC, EOS, ETH, LTC, BCH, XRP, ETC, BSV, TRX
• Trading Hours: 24/7
• Daily Settlement

3. Advantages of OKEx USDT Futures

• Price — fees are very low. If you hold more than 2000 OKB in your account, you can enjoy a 40% discount for fees.
• Low threshold — the face values of all USDT contracts are lower than USD$1
• Support 9 major cryptos
• Will add more pairs depending on the needs as well as evaluation of Okex
• Good liquidity, liquidity in Okex is really worth the peace of mind for users to use their services to avoid market pitfalls.
• Extreme stable risk management system to ensure benefits for users

Do these things make you want to trade USDT Futures at Okex? Definitely yes, let me take you to…

4. Guide for USDT Futures at Okex

A Step-by-step guide for trading simulation

Quite simply, the sample image is on the left and instructions on the right, Let’s go, the steps are as follows :

• Login

Login to your OKEx account on www.okex.me. If you do not have an account, register here.

Click on Derivatives → Futures

• Activate the transaction

Click on USDT Margined Futures → Activate Futures Trading

• Consolidation of knowledge

You will have to read the Rules, take a Quiz and confirm to activate. Discover this section for yourself

• Transfer funds to Futures account

Click Transfer, select the account you want to transfer, enter the Amount then press Confirm

You can also transfer money back from your Future Account to other accounts

• Set options according to your strategy

You can set the settings in the items as shown in the image to fit your strategy effectively

In the Adjust Leverage section, you can customize the lever up to 100X, but the risks are also great, please think accordingly.

• Open, close positions

Open positions

Click Open → Enter bid → Enter the number of contracts in Amount → Choose Open long/Open Short

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Close positions

The operation is similar to opening a position, or you can close a position right at the Open position.

5. Some warnings and personal advice

• Always keep an eye on the indicators to monitor your strategy as well as opening and closing positions accordingly
• Set a clear and effective strategy
• Not greedy

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Okex has a very stable risk management system to prevent price manipulation. OKEx provides the healthiest market. No flash problems, no calculation errors.

Therefore, users can feel secure when exchanging USDT Futures platform as well as other platforms on Okex. I wish you successful transactions.

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