This guide cuts straight to the essentials—covering key steps, common pitfalls, and critical tips for new users. Learn how to download OKX, complete verification, deposit funds, trade cryptocurrencies, and withdraw profits safely.
Why OKX?
OKX (formerly OKEx) is a top-tier cryptocurrency exchange tailored for Chinese users, offering:
- Intuitive interface in Mandarin.
- Low trading fees (spot & futures).
- Robust security features (2FA, whitelisting).
👉 Sign up now for fee discounts
Step 1: Download OKX & Complete Verification
- Download the app from OKX’s official site. Avoid third-party links.
- Register with your phone/email and set a strong password.
- Verify identity (KYC): Submit a government ID and facial scan. Tip: Ensure documents are clear to avoid delays.
Step 2: Secure Your Account
- Enable two-factor authentication (2FA) via Google Authenticator.
- Set up withdrawal whitelisting to restrict transfers to pre-approved wallets.
- Add a payment method (bank card/Alipay).
Step 3: Deposit Funds & Buy Crypto
Option A: Buy USDT with CNY
- Navigate to “Buy Crypto” → “Fast Buy”.
- Select USDT and payment method (bank transfer/Alipay).
- Confirm the trade; USDT will credit to your OKX wallet.
Option B: Trade USDT for Bitcoin (BTC)
- Go to “Trade” → “Spot Trading”.
- Search for the BTC/USDT pair.
- Place a limit/market order and execute.
⚠️ Common Mistakes:
- Overlooking fee tiers (higher fees for small trades).
- Skipping price alerts for volatile markets.
Step 4: Sell Crypto & Withdraw Profits
- Trade BTC → USDT via the spot market.
- Sell USDT → CNY using “Fast Sell.”
- Withdraw CNY to your bank account (daily limits apply).
FAQs
Q: Is cryptocurrency trading legal in China?
A: While trading isn’t illegal, banks may block crypto-related transactions. Use OKX’s P2P market for compliance.
Q: How do I avoid scams?
A: Stick to OKX’s official P2P merchants; never release funds before receiving crypto.
Q: What’s the minimum investment?
A: As low as 50 CNY (~7 USD) for USDT purchases.
Final Tips
- Diversify holdings (BTC, ETH, stablecoins).
- Monitor OKX announcements for fee promotions.
- 👉 Explore OKX’s advanced tools for recurring buys and staking.
Disclaimer: Crypto investments carry risk. Never invest more than you can afford to lose.