With stringent verification processes, multichain integration, cutting-edge security protocols, and the assurance of verified listings, we're committed to reducing the stress of falling for scams in the NFT space. By choosing OKX, users can confidently explore the world of NFTs while keeping their investments secure and authentic.

Once the market price falls to 52,900 USDC or below, the order will be executed automatically.What's a market order? A market order allows you to buy or sell immediately at the best available price in the current market, enabling fast execution. Example: Assume the latest BTC market price is 53,000 USDC. If you want to buy BTC immediately, you can place a market order and enter the total order amount, such as 40 USDC. After placing the order, it will be executed instantly.

Liquidation occurs when the value of your assets falls below the maintenance margin requirement. This results in your position being forcibly closed to cover the loss. On our platform, it helps prevent traders from owing more than their initial investment.What are the tools and features to help you? Maintain a healthy margin level: a key risk metric in tracking healthy measures, you can spot the margin level as on the image below.

Further, if an asset continues to fall in value, there's a chance it could fall to zero, in which case the entire value of the trader's holdings would be lost. It's important to be aware of the risks involved and to have a solid risk management plan in place. For example, it's important to set up stop-loss orders to limit potential losses.

A liquidation alert occurs when your account's equity falls below the required margin level set by the trading platform. This requires you to deposit additional funds to maintain your open positions or risk liquidation.Why should I set up a liquidation alert? Setting up a liquidation alert helps you manage your risk by notifying you when your margin level drops to or below 300%.

Find out how you can avoid modern cryptocurrency scams and how to report them so you can protect yourself and others from falling victim.

Safeguard your personal assets to prevent falling victim to scams.Common communication tools used by scammers Scammers usually will reach out to users via different communication tools. Here are some of the common communication tools: Website: scammers often create a fake website that impersonates legitimate entities, deceiving the users into providing personal information or engaging in financial transactions.

In some cases, tiny residual amounts may also remain in the bot if they fall below the exchange's minimum trade size - meaning that a portion of grid profits need to be retained in the bot to support forthcoming orders. Fundamentally, the system ensures the max withdrawal amount is calculated in a way that after withdrawal, there is still enough balance in your bot to support open orders and allow the strategy to continue running smoothly as intended.

Traders using a short grid strategy profit from falling prices. Neutral: this strategy involves a balanced approach, where the trader doesn't have a strong directional bias on the price movement of the underlying asset. The neutral grid strategy aims to profit from market volatility and price fluctuations within a range, rather than a specific price direction.

Stop Loss (SL): an SL order is designed to automatically buy or sell a position when the market price falls to a certain level, limiting potential losses.Why should I use TP/SL with Limit Order? Using TP/SL with Limit Orders offers several benefits: Setup your trades for success: you can automate your trading strategy by setting predefined exit points, allowing you to manage trades without constant monitoring.

Therefore, how can investors prevent themselves from falling victim to such fraud? This article will outline several common phishing attack techniques and provide our customers with security tips. Please remain vigilant against these tricks and ensure the safety of your assets.2. What are the common tricks of phishing attacks? Phishing attacks mainly include email attack, pharming and so on. Email attack: the attacker sends seductive or misleading email to the target user.

Within our OKX group, depending on local regulations, the term "Security Fund" may be known by other names.The fund is primarily used to manage losses incurred when a user's position is liquidated and subsequently leads to negative equity (a state where the market value of the position falls below the "bankruptcy price" or zero-margin level).2. What's the Security Fund Used For? The core purpose of the Security Fund is to absorb the shortfall created by "bankrupt positions."

If you fall into this category, you will need to provide the name of the beneficiary party and whether the transfer is going to a private wallet or cryptocurrency exchange account. Additionally, we may require supplementary information to meet the necessary compliance standards.

We strongly recommend you to stay vigilant and follow these key actions to prevent falling victim to scams: Avoid clicking on unfamiliar links Refrain from authorizing unfamiliar projects Verify addresses for accuracy Protect private keys/mnemonic phrasesWhat more can I do to prevent or guard against potential risks?

The rise and fall value of the latest transaction price compared to the opening price of the K-line 24 hours ago/100% of the opening price of the K-line 24 hours ago. The above formula data can be obtained through the market interface here. What's the reason for the error message "51000 Parameter posSide error" when placing an order? You need to check the account mode first; buying and selling mode/opening and closing mode, which can be viewed here to obtain posMode.