How to Start Trading X-Perps on OKX; Step By Step

This guide walks you through everything you need to do to start trading X-Perps (Expiry Perps) on OKX, from setting up your account to placing your first trade. X-Perps are available to eligible traders in the European Economic Area (EEA) only.

You will need:

• A verified OKX account with completed KYC

• Funds deposited in your account

• A completed appropriateness assessment; Required before accessing X-Perps

If you have not yet deposited funds, see our guide on 'How to deposit and fund your OKX account for derivatives trading'.

1. Log in to your OKX account at okx.com/en-eu

2. Go to "Trade" in the navigation bar

3. Select "Unlock X-Perps"

4. Complete the appropriateness assessment

5. Once approved, X-Perps are accessible from the Trade menu at any time

1. Open the OKX app and tap the menu

2. Tap "X-Perps"

3. Complete the appropriateness assessment

4. Once approved, X-Perps are accessible from the menu at any time

Once you have access, navigate to the X-Perps trading interface. You will see a list of the following available markets; BTC, ETH, SOL, DOGE, XRP, ADA, LTC, SUI, PEPE, PUMP.Select the market you want to trade in. Review the current price, funding rate, and open interest before proceeding.

In the order panel, select your leverage level. X-Perps offer up to 10x leverage. Your selected leverage stays fixed, it does not change automatically.If you are new to leveraged trading, start with a lower setting. Higher leverage means a smaller adverse price move can cause larger losses and trigger liquidation sooner.

Decide whether you want to go long or short:

• Buy / Long; you profit if the price rises

• Sell / Short; you profit if the price falls

When choosing between selected or isolated mode, make sure to keep a conservative approach. The lower the leverage, the more room before liquidation and the higher the leverage, the closer you come to the liquidation price.

It is recommended to set a stop-loss to auto-close before you hit liquidation, as this protects your remaining margin.

Once your order is filled, your position appears in the open positions panel. From here you can:

• Monitor your unrealised PnL

• Adjust or close your position

• Add margin if needed

• Review your liquidation price

When you are ready to close, select the position and choose to close fully or partially.

Trading in financial instruments involves a significant risk of loss and may not be suitable for all investors. If you invest in X-Perps or other derivatives you may lose some or all of the money you invest. X-Perps are leveraged instruments; leverage can amplify both gains and losses. The value of investments and any income derived from them can go down as well as up, and you may not recover the amount originally invested. Past performance is not a reliable indicator of future results. You should carefully consider your investment objectives, level of experience, and risk appetite before engaging in any trading activity.

OKX Europe Markets Ltd ("OEM"), which is authorised and regulated by the Malta Financial Services Authority (MFSA) under the Investment Services Act (Chapter 370 of the Laws of Malta) as a Investment Services Licence Holder (Licence No. OEML-15905).

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