Fiat trading, commonly known as C2C (Customer-to-Customer) trading, operates similarly to peer-to-peer transactions. In this model, buyers transfer payments outside the trading platform, while sellers release coins upon confirming receipt. Essentially, fiat C2C trading involves direct transactions between individuals, with the exchange acting as an intermediary—much like an online marketplace. Users can choose to advertise their buy/sell offers or act as counterparties by responding to existing ads.
Many investors wonder: Where is OKX's fiat trading section? Below, we break down the process step by step.
Where to Find Fiat Trading on OKX?
- Navigate to the "Trade" section on the OKX homepage.
- Select "Fiat Trading" (for transactions over 100,000 CNY, opt for bulk trading).
- Choose a suitable order and click "Buy."
Key Considerations for OKX Fiat Trading
1. Preparation Before Buying
- Complete phone verification and basic identity authentication for security and faster transactions.
2. Required Verification Documents
- Level 1: National ID or equivalent.
- Level 2: Upload a valid ID photo.
- Level 3: Facial recognition.
3. Payment Process
- Payments are not automatic. After placing an order, manually transfer funds to the seller via their preferred payment method.
- Click "I’ve Paid" afterward and await confirmation.
4. Payment Tips
- Avoid terms like "Bitcoin," "BTC," or "USDT" in transaction notes to prevent bank freezes.
- For large amounts, split payments to ensure timely processing.
5. Canceling an Order
- Click "Cancel Order" if no payment has been made.
- Excessive cancellations may temporarily restrict trading privileges (15 minutes to 24 hours).
FAQs
Q: What happens if I cancel too many orders?
A: Excessive cancellations trigger temporary trading limits, reset daily at midnight.
Q: Why is my payment delayed?
A: Bank processing times vary by country. Split payments for faster clearance.
Q: How do I ensure transaction safety?
A: Always verify the seller’s payment details and avoid third-party payment platforms.
👉 Explore secure fiat trading on OKX