This comprehensive guide will walk you through the entire process of registering, verifying, depositing, and trading on OKX (formerly OKEx). Whether you're new to cryptocurrency or an experienced trader, follow these structured steps to navigate the platform with confidence.
Table of Contents
- Creating Your OKX Account
- Identity Verification Process
- Depositing Fiat Currency (RMB)
- Transferring Cryptocurrency to OKX
- Withdrawing Funds from OKX
- Converting Crypto to Fiat Currency
- Supported Trading Options
Creating Your OKX Account
To begin your cryptocurrency journey:
- Choose between mobile or email registration
- Complete basic profile information
- Consider downloading the mobile app after registration
Identity Verification Process
For full account functionality:
Basic verification requires:
- Full legal name
- Valid phone number
Advanced (Lv2) verification includes:
- Government-issued ID submission
- Facial recognition
Depositing Fiat Currency (RMB)
OKX operates through peer-to-peer transactions:
- Select "Fast Buy" option
- Choose payment method (Alipay/WeChat/bank transfer)
- Funds are held in escrow until transaction completion
- Average processing time: 10-30 minutes
Transferring Cryptocurrency to OKX
To move existing crypto holdings:
- Locate your unique wallet address
- Initiate transfer from external wallet/exchange
- Confirm network compatibility
- Wait for blockchain confirmations
Withdrawing Funds from OKX
Withdrawal process involves:
- Selecting currency and amount
- Entering external wallet address
- Setting appropriate network fee
- Confirming via 2FA authentication
Converting Crypto to Fiat Currency
To cash out:
- Transfer coins to fiat account
- Create sell order in P2P market
- Select trusted buyer with good rating
- Complete transaction verification steps
Supported Trading Options
OKX offers diverse trading instruments:
| Trading Type | Description | Risk Level |
|---|---|---|
| Spot Trading | Immediate crypto purchases | Low |
| Margin Trading | Leveraged spot positions | Medium |
| Futures | Contracts with expiration dates | High |
| Options | Right to buy/sell at set price | Variable |
👉 Explore all trading options at OKX
FAQs
Q: How long does verification take?
A: Basic verification completes instantly; advanced verification may take 24-48 hours.
Q: What's the minimum deposit amount?
A: Varies by payment method, typically 50 RMB equivalent.
Q: Are there withdrawal limits?
A: Yes, limits increase with verification levels and account history.
Q: How secure is OKX?
A: The platform employs multi-signature wallets, cold storage, and 2FA protection.
Q: Can I trade without verification?
A: Basic trading is possible, but verification unlocks full functionality.
Q: What customer support options exist?
A: 24/7 live chat, email ticketing, and comprehensive help center.