How to buy cryptocurrency at OKX exchange

The cryptocurrency market is growing and becoming more popular with many people. If you are looking to participate in this market, you need to buy cryptocurrency first. There are many ways to buy cryptocurrency, but one of the most popular is using trading platforms electronic money.

In this article, we will show you how to buy cryptocurrency at OKX exchange, because OKX floor is a reputable cryptocurrency exchange, trusted by many users around the world.

 

What is a virtual currency exchange?

OKX cryptocurrency exchange is one trading platform Online allowed Users can Buy and sell digital currencies like Bitcoin. But OKX doesn't acts as a middleman between buyers and sellers. When you buy Bitcoin on OKX, you are buying tokens from another seller using the same platform.

After the transaction is completed, OKX will collect a commission from you, increasing the buying/selling price. OKX offers diverse cryptocurrency trading models and scales. For example, OKX allows trading of digital asset pairs, meaning you can trade Bitcoin with Tether instead of US dollars. However, top cryptocurrency exchanges often support fiat asset pairs like BTC/USD or ETH/USD, allowing you to buy or sell cryptocurrency in exchange for US dollars.

Forms of trading at OKX floor

OKX exchange provides users with many different forms of trading, meeting the needs of investors at all levels. In this section, we will learn about the main forms of trading at on OKX exchange.

 

Fast transaction

If you want to buy cryptocurrency on OKX easily, you can choose Quick Trade. As a first step, you need to choose the cryptocurrency and fiat currency you want to trade.

Next, you enter the amount of fiat or cryptocurrency you want to buy and select the payment method. Once payment is confirmed, you will receive the cryptocurrency you purchased to your OKX account.

 

P2P trading

To do P2P trading on OKX, follow these steps:

• To enter the P2P trading section, click on “P2P Trading” in the sub menu.
• You then select the drop-down menu and choose the currency you want to trade.
• You can view current sell orders by clicking “Sell” or view all buy and sell orders by selecting “OrderBook”.

Finally, confirm your transaction details before proceeding.

Large volume trading

To do high volume trading on OKX, follow these steps:

To enter the P2P trading section, click on “High volume trading” in the sub menu. You then select the drop-down menu and choose the currency you want to trade. You can trade large volumes with the following fiat currencies: CNY (China), VND (Vietnam), INR (India).

You can view buy offers by clicking “Buy” or view all buy and sell orders by selecting “Order Book”.

For example, we want to buy BTC with VND. On OKX's high volume trading page, there are only orders with a purchase amount of at least 30,000,000 VND. For CNY and INR, the minimum purchase amount is CNY 100,000 and INR 30,000,000.

After checking your transaction details, click “Buy BTC” to proceed. You can select a sell order from the high volume transaction list.

How to buy cryptocurrency at OKX exchange

In this part of the guide, we will summarize some of the steps needed to get started on the OKX exchange today.

Step 1 – Register an account

Go to the OKX website and look for the “Sign Up” or “Create Account” button.

 

Step 2 – Fill in information

Fill in the requested personal information, including name, email address and password. Make sure you choose a strong and unique password to protect your account.

Note that you can use an email address instead of a phone number if you want, this will also work one of account verification method that you will perform in the next step

Step 3 – Verify account

After registering, you will need to verify your account with the OTP code sent to the phone number or email address you used to register.

 

You will also need to provide additional personal information and may request identity verification by submitting documents such as identification or utility bills (usually only needed if you want to unlock restrictions of your account).

Step 4 – Buy cryptocurrency

On the OKX virtual currency exchange, there are 5 different deposit methods. However, in Vietnam, investors mainly use P2P to convert fiat currency to USDT, BUSD or other cryptocurrencies.

P2P is a form of direct transaction between users on websites Ecosystem Decentralized cryptocurrency exchange. When you choose P2P, you can choose to buy USDT, BUSD or your desired cryptocurrency from a list of sellers.

 

You then enter your purchase amount in fiat or cryptocurrency and place your buy order. Please read and carefully understand the instructions from the exchange and seller to make the transaction.

The system will provide you with transfer information for you to copy into the money transfer order from your bank account to the seller's account. After a successful transfer, you end the P2P transaction by confirming payment. In a few minutes, OKX will check and transfer the cryptocurrency you purchased to your wallet.

Conclude

Above are detailed instructions on how to buy cryptocurrency at the OKX exchange. You have been guided through the necessary steps to register, verify and buy cryptocurrency on OKX. You have also learned about the different types of trading on OKX, including instant trading, P2P trading and high volume trading. Hopefully this article has helped you better understand how the OKX exchange works and the steps required to buy cryptocurrency on this exchange.

FAQ

Is OKX safe?

OKX is one one of the floors reputable and secure cryptocurrency exchange, founded in 2017 and headquartered in Malta. OKX adheres to the highest security standards, including SSL encryption, two-factor verification, DDoS protection, and cold storage.

What do I need to provide to register an OKX account?

To register for an OKX account, you only need to provide your name, email address and password. However, to upgrade your account and unlock transaction limits, you will need to provide additional personal information and verify your identity by submitting documents such as identification documents or utility bills.

Which cryptocurrencies can I trade on OKX?

OKX supports over 400 different cryptocurrencies, including futures contract, popular digital currencies such as Bitcoin, Ethereum, Tether, Binance Coin, Polkadot, Cardano, Chainlink, Litecoin and many more