Many first-time cryptocurrency investors share a common concern: "Can I actually sell my Bitcoin when I want to?" This comprehensive guide will walk you through the entire process using OKX, one of the world's top three cryptocurrency exchanges.
Getting Started with OKX Exchange
When using OKX, you'll notice prices are displayed in USD by default. Here's how to change it to CNY:
- Click the 9-dot menu in the top-left corner
- Select the arrow next to your profile picture
- Navigate to Preferences
- Under Quote Currency, switch from USD to CNY
👉 Want to start trading with lower fees? Sign up for OKX now
How to Sell Bitcoin on OKX
Currently, one Bitcoin is valued at approximately ¥700,000+ on OKX. To sell your Bitcoin:
- Go to the C2C Trading section
- Select the Sell tab
- Choose USDT as your currency (maximum sell limit: ¥20,000 worth of Bitcoin)
- Enter the amount you wish to sell (e.g., 1000 USDT)
- Confirm the transaction (note: selling has 0% fees)
Why C2C Trading Is Safe
The escrow system ensures security:
- Your Bitcoin is held by OKX during transactions
- Buyers must send payment first
- Only after confirming receipt do you release the Bitcoin
- Established merchants have thousands of completed trades
For example, "Ba Min Trading" has over 60,000 completed transactions since January 2023 - such reputable merchants minimize risk.
How to Buy Bitcoin Most Efficiently
The most cost-effective method involves two steps:
- Purchase USDT (Tether)
- Exchange USDT for Bitcoin
Step 1: Buying USDT
- Go to C2C Buy
- Select USDT
- Enter purchase amount (e.g., ¥100)
- Choose payment method (Alipay, WeChat Pay, or bank transfer)
- Select a reliable merchant (prioritize those with long history and high completion rates)
Pro Tip: Merchants like "Safe Small Shop" with 100,000+ transactions since June 2022 offer exceptional reliability.
Step 2: Exchanging USDT for Bitcoin
- Navigate to Spot Trading
- Select BTC/USDT pair
Choose order type:
- Limit Order: Set your desired price
- Market Order: Buy immediately at current price
- Confirm purchase
Converting Bitcoin Back to Cash
When ready to cash out:
- Sell Bitcoin for USDT
- Sell USDT via C2C
- Merchants will transfer funds to your registered payment account
FAQ Section
Q: Is OKX safe for trading Bitcoin?
A: Yes, OKX employs robust security measures including escrow services and merchant verification systems.
Q: What's the advantage of using USDT?
A: USDT maintains 1:1 value with USD, providing price stability during transactions.
Q: Can I trust C2C merchants?
A: OKX verifies all merchants and displays their transaction history - always choose those with high completion rates.
Q: How long do transactions typically take?
A: Most C2C transactions complete within 15-30 minutes after payment confirmation.
👉 Ready to start your Bitcoin journey? Join OKX today
Key Takeaways
- Always verify merchant reputation before trading
- The USDT intermediate step offers better rates
- OKX's escrow system protects both buyers and sellers
- Limit orders can help you buy at optimal prices
Remember, the cryptocurrency market operates 24/7 - you can buy or sell Bitcoin anytime through OKX's secure platform.