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July 24, 2017

Question:How to start "Margin Trading" of Crypto-currencies with OKCoin?

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Answer:

If you like to trade Crypto-currency(Margin Trading) with OKCoin, please follow the steps below.

  1. Register with OKCoin for Free
  2. Verify your accounts with Documents
  3. Make a Deposit
  4. Proceed to “Trade” and “Margin” as below.

There you can trade Bitcoin, Litecoin, Ethereum(Classic) against USD and CNY currencies.

Several Points to know about “Margin Trading”

  1. OKCoin will notify users via text message if the user’s Margin risk ((Margin balance – interest)/original margin) is less than 20%(0.2). OKCoin will not be responsible for failure to deliver messages due to circumstances out of our control including but not limited to users’ poor phone signal or blacklist issues.
  2. OKCoin will initiate risk control procedures, e.g., minimize or close the user’s position if the user’s margin risk ((Margin balance – interest)/original margin) is ≤ (less than or equal to) 10% (0.1).
  3. The duration of each loan is 15 days, In the event of an overdue debt, OKCoin will automatically borrow extra funds on the users behalf to repay the overdue debt.
  4. Your order will be placed at the current best daily rate by default. You can customize the rate by clicking ‘More’.

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