DondaejiDelightfulCharmingSmileJoy
Wed Sep 04 2024
|
6 answers
876
What is the forced liquidation fee on OKX?
I'm curious about the forced liquidation fee imposed by OKX, the popular cryptocurrency exchange. Could you please elaborate on what this fee entails? Is it a standard charge applied across all instances of forced liquidation, or does it vary based on certain factors? Additionally, are there any ways for traders to avoid or minimize this fee, such as maintaining a certain level of margin or adhering to specific trading strategies? Understanding the forced liquidation fee is crucial for managing risk and optimizing my trading experience on OKX, so I'd appreciate your insights on this matter.
MoonlitCharm
Wed Aug 28 2024
|
5 answers
1139
What is forced liquidation in crypto trading?
Could you please elaborate on what forced liquidation entails in the realm of cryptocurrency trading? I'm curious to understand the mechanics behind it, including the circumstances that might lead to such an event and the potential consequences for traders. How does it differ from a voluntary liquidation, and what measures can traders take to avoid or mitigate the risks associated with forced liquidation?
