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Seconds to understand Token Trading
If you buy BTC with USD, and BTC rises afterwards, you can sell it back for more USD. If it drops, you can sell for less. For example, you buy 0.5BTC with 5,000 USD when 1BTC = 10,000USD, and it rises to 20,000USD afterwards. You may then sell your 0.5BTC for 10,000 USD. While Tokens Trading is pretty much the same, except fiat (USD) is replaced by token (BTC). For example, you buy 10ETH with 1BTC when 1ETH=0.1BTC, and it rises to 0.2BTC afterwards. You may then sell your 10ETH for 2BTC.Published on 6 Dec 2019Updated on 17 Nov 2025AnnouncementsHow to use Yield Hunter
Users can choose between "earn unless price rise" and "earn unless price drop" to express their market view.How is the yield calculated? Take the BTC yield hunter product as an example.Published on 7 Nov 2023Updated on 1 Apr 2025Product documentationHow to use OKX's option copilot
Users can choose between “earn unless price rises” and “earn unless price drops” to express their market view. Learn how to use Yield Hunter.Published on 18 Oct 2023Updated on 1 Apr 2025Product documentationOKX launches a new structured product Seagull
Go to Grow > Earn > Structured Products > Seagull Select a strategy Choose Bullish Seagull if you expect the price to rise Choose Bearish Seagull if you expect the price to fall Select underlying BTC or ETH Select term and APR based on your risk appetite Subscribe with at least 10 USDT, 0.0001 BTC or 0.001 ETH We offer the following Seagull products: | Strategy | Bullish Seagull | | Bearish Seagull | | | --- | --- | --- | --- | --- | | Product | Bullish on BTC | Bullish on ETH | Bearish on BTC |Published on 8 Nov 2023Updated on 17 Nov 2025Announcements283FCA risk warning for United Kingdom users
You could lose all the money you invest The performance of most cryptoassets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in cryptoassets. The cryptoasset market is largely unregulated. There is a risk of losing money or any cryptoassets you purchase due to risks such as cyber-attacks, financial crime and firm failure.Published on 17 Oct 2024Updated on 17 Nov 2025FAQ13How to avoid Honeypot tokens in CeDeFi Trading?
In some cases, the token's price may initially rise, encouraging more purchases. However, attempts to sell the token may result in unusually high fees or restrictions that prevent sales, potentially causing users' funds to become inaccessible. In CeDeFi trading, users may occasionally encounter tokens that can't be sold smoothly after purchase. Such tokens are often identified as Honeypot Tokens.How to avoid purchasing Honeypot tokens?Published on 30 Sept 2025Updated on 4 Mar 2026FAQ3Explanation for Greeks Delta and Gamma
When BTCUSD rises 105 USD (1.5% up), Based on the BS delta calculation, the option price will increase by 0.6 * 105 = 63 USD Based on the PA delta calculation, the option price will increase by 0.45 * 1.5% = 0.00675 BTC That is, when using BS delta to estimate the option price change, we take the underlying price change in USD (USD105); when using PA delta, we take the percentage change of the underlying price (1.5%).Published on 12 Feb 2020Updated on 1 Apr 2025Product documentationFutures Grid
Alternatively, if price rises above 62,000 USDT, the sell order at 62,000 USDT will be filled, and in the meantime, a buy order (61,000 USDT) will be opened at the nearest grid level below. Scenario - Bot out of range: If the market price falls outside the price range, you can choose either to terminate the strategy, or wait for the price to return to the range you’ve set.Published on 17 Jun 2022Updated on 24 Nov 2025Product documentationOKX to List USDC Futures for BTC and ETH
If a user's long position value is 1 BTC (10,000 BTCUSDC futures contracts with face value of 0.0001 BTC), when the BTC price rises by $100, the user's profit will be 100 USDC. Pnl calculation PnL of long positions = Face value * Number of contracts * Avg. close price – Face value * Number of contracts * Avg. open price PnL of short positions = Contract size × Number of contracts × Avg. open price - Contract size × Number of contracts × Avg. close price Note: Avg. close price and Avg.Published on 16 Feb 2023Updated on 17 Nov 2025AnnouncementsHow do I stay safe from phishing SMS using the name OKX?
We’ve recently seen a rise in reports from users receiving fraudulent SMS messages with “OKX” as the sender name. These phishing messages are crafted to look official and may contain urgent alerts.Scammers use these tactics to create a sense of urgency and panic, pushing users to act quickly without verifying the information.What are the common scam tactics? Impersonation tactics: Fraudsters may use the official OKX name to appear legitimate.Published on 9 May 2025Updated on 4 Mar 2026FAQ321OKX to List USDC Perpetual for BTC, ETH
If a user's long position value is 1 BTC (10,000 BTCUSDC perpetual swap contracts with face value of 0.0001 BTC), when the BTC price rises by $100, the user's profit will be 100 USDC. Pnl calculation PnL of long positions = Face value * Number of contracts * Avg. close price – Face value * Number of contracts * Avg. open price PnL of short positions = Contract size × Number of contracts × Avg. open price - Contract size × Number of contracts × Avg. close price Note: Avg. close price and Avg.Published on 17 Oct 2022Updated on 17 Nov 2025AnnouncementsStrategy order types
Trail variance: 2,000 Amount: 1 BTC Assuming BTC's price rises to a historical high of 40,000 and then drops to 38,000, the trailing variance is 2,000 and the trigger condition is met (40,000 - 2,000= 38,000). The system will then help James sell at the market price. Scenario 2. Jean wants to buy BTC and the latest price is 40,000 USDT. Jean places a trailing stop order as shown below.Published on 30 Nov 2022Updated on 12 Mar 2026Product documentationOKX DEX FAQs
This might give rise to scams such as that of a 'rug pull' in which the creator of a token attempts to attract as many users to purchase the token in the hope of an benefitting from an increase in token price before running away with the money. Liquidity: as DEXs are reliant on the community to provide liquidity and each liquidity pool consists of separate token pairings, this can result in a lower level of liquidity available per trading pair.Published on 5 Feb 2026Updated on 26 Mar 2026FAQ5OKX Wallet to Launch Cryptopedia BTC Ecosystem Carnival
As the Bitcoin ecosystem grows, Cryptopedia has introduced an engaging system to learn and engage with rising DApps in the BTC Ecosystem. Participants with a balance of at least 10U or equivalent assets in their wallets and who engage with the specified DApps will be rewarded with new tokens and NFTs. 1. Rules To qualify for rewards in OKX Cryptopedia BTC Ecosystem Carnival, users need to have a minimum of 10 USDT or equivalent assets on the specified chain.Published on 21 Dec 2023Updated on 17 Nov 2025AnnouncementsWhat are the reasons for my spot copy trade order fail?
If the market experiences a significant fluctuation and the price rises to 20,200 when the copy trader is placing their order, our slippage protection will automatically cause the copy trade to fail.Lead trader-related reasons1. Exceeded the maximum total purchase value Because of the liquidity and market depth of different cryptocurrencies, we’ve set a maximum limit for how much crypto lead traders can buy through lead trade orders.Published on 13 Oct 2023Updated on 9 Feb 2026FAQ69