I'm new to cryptocurrency trading and I'm looking to understand how I can use OKEx's liquidation protection feature to avoid forced liquidation.
I understand that liquidation protection allows traders on OKEx to use insurance funds to avoid liquidation when the market moves against them. But I'm not sure how exactly it works. Does it require me to deposit a certain amount of money? How do I know if I'm eligible?
I've been looking for information about this online, but I can't find any comprehensive explanations. Can anyone here help me understand the process of using this feature? Any advice would be much appreciated.
I understand that liquidation protection allows traders on OKEx to use insurance funds to avoid liquidation when the market moves against them. But I'm not sure how exactly it works. Does it require me to deposit a certain amount of money? How do I know if I'm eligible?
I've been looking for information about this online, but I can't find any comprehensive explanations. Can anyone here help me understand the process of using this feature? Any advice would be much appreciated.