Setting Up Payment Methods for Buying and Selling Digital Assets

How to Configure Receiving Methods

1. Access Payment Settings

   • Open the OKX app and navigate to the trading section via the "Buy Crypto" button on the homepage.
   • Tap the upper-right corner to select Payment Methods, entering the payment configuration interface.

2. Add Receiving Accounts

   • Click Add Receiving Account, choose your preferred method (e.g., bank transfer, e-wallet), input accurate details, and confirm.
   • Toggle added accounts on/off using the designated button for active management.

Key Features

• Multi-Platform Support: Link accounts from various financial institutions.
• Real-Time Updates: Modify or disable methods anytime to align with transaction needs.

Understanding Pricing Metrics in Trading

1. Latest Trade Price

• Reflects real-time executed contract prices on the order book.

2. Index Price

• Derived from weighted averages across top exchanges (e.g., BTC/USD rates). Anchors contract settlements.

3. Mark Price

• Prevents liquidations during volatility by using index-based calculations, not immediate trades.

👉 Master these concepts for confident trading

Top K-Candle Patterns for Market Exits

Head-and-Shoulders (H&S)

• Structure: Three peaks—left shoulder, higher head, right shoulder—signaling trend reversal.
• Application: Identified in ETH/USDT charts; confirms exit when neckline breaks post-head formation.

"Selling is as critical as buying. H&S helps lock profits before downturns."

Strategy Trading: Spot Martingale

Overview

• A high-win-rate tactic from 18th-century France, adapted for crypto.
• Mechanism: Doubles investment after losses to recover and profit upon eventual wins.

Example:

1. Initial buy: $100 BTC at $50,000.
2. If price drops, next buy: $200 at $49,000.
3. On rebound, sell positions for net gain.

Risks:

• Requires substantial capital to sustain consecutive loss cycles.

Enhancing Network Stability via DNS Switching

Step-by-Step (Windows/Mac)

1. Windows 10/8.1:

   • Right-click "This PC" → "Properties" → "Control Panel" → "Network and Internet" → "Adapter Settings".
   • Modify IPv4 properties to input preferred DNS (e.g., Google’s 8.8.8.8).

2. MacOS:

   • System Preferences → Network → Advanced → DNS tab.

Benefits:

• Faster load times and reduced downtime.

Arbitrage Order Execution

Why It Matters

• Exploits price discrepancies across platforms to balance markets and secure low-risk profits.
• Tools: OKX’s automated scripts compare prices and execute simultaneous buy/sell orders.

Example: Buy ETH at $3,000 on Exchange A while shorting at $3,050 on Exchange B.

Digital Asset Options Primer

Key Perks

• Controlled Risk: Limited losses despite high leverage.
• Auto-Exit: Pre-set strike prices enforce discipline.
• Flexibility: Profit from bullish, bearish, or neutral markets.

FAQ:
Q: Can options prevent liquidation?
A: Yes—unlike margin trades, losses cap at the premium paid.

Q: Best for short-term or long-term?
A: Both. Weekly expiries suit scalpers; monthly fits trend riders.

👉 Explore options strategies