OKX (formerly OKEx) has emerged as one of the most reliable cryptocurrency exchanges for global users, particularly those from China. Founded by industry veteran Xu Mingxing, the platform has undergone significant improvements in security and compliance, making it a top choice for traders.
Why Choose OKX?
Security and Compliance
- Government Collaboration: OKX is the only major exchange that maintains operational ties with Chinese authorities, adhering to strict regulatory standards.
- User Protection: Unlike competitors, OKX did not purge Chinese KYC users during regulatory crackdowns, reflecting its compliant status.
User Experience
- Seamless Trading: With deep liquidity and a robust interface, OKX supports spot, futures, and margin trading.
- No VPN Required: The platform is accessible in China without additional tools.
Step-by-Step Registration Guide
1. Download the OKX App
- Android: Download the APK directly from the official site or trusted sources.
- iOS: Use an overseas Apple ID to access the App Store.
2. Sign Up
- Use an email address (recommended) or phone number.
- Pro Tip: Enter referral code
99806593during registration to unlock a 20% fee discount and a mystery box reward.
3. Identity Verification (KYC)
- Complete Level 1 verification (name and ID number) to enable basic trading. Higher tiers unlock increased withdrawal limits.
Buying Your First Cryptocurrency
Option A: Fiat-to-Crypto (C2C)
- Navigate to Buy Crypto > C2C Trading.
- Select USDT (most common trading pair) and choose a seller supporting Alipay/WeChat/bank transfers.
- Transfer funds to the seller and receive USDT in your account.
Option B: Crypto Deposit
- Generate a deposit address for your asset (e.g., USDT-TRC20).
- Withdraw from another wallet/exchange; funds arrive in 5–30 minutes.
Trading on OKX
Key Features
- Spot Trading: Ideal for beginners. Use limit orders to control entry prices.
- Practice First: Try the demo mode to familiarize yourself with the interface.
Pro Tips
- Avoid market orders to prevent slippage.
- Monitor open orders in Order History for adjustments.
FAQs
Q1: Is OKX legal in China?
A: Yes, OKX operates under a unique compliance framework with Chinese regulators.
Q2: How do I withdraw funds?
A: Complete KYC, then navigate to Assets > Withdraw. Select the asset and network (e.g., USDT-TRC20).
Q3: What’s the minimum deposit?
A: Varies by seller in C2C; typically ~50 CNY for USDT.
Q4: How are fees calculated?
A: Spot trading fees start at 0.08% (maker) and 0.1% (taker). Use the referral code to reduce costs.
Final Thoughts
OKX combines security, liquidity, and ease of use, making it a standout choice. Whether you’re buying crypto via fiat or trading assets, follow this guide to navigate the platform confidently.
Ready to begin?