Introduction
Many Bitcoin traders recognize that the first step in crypto-to-crypto trading involves purchasing USDT (Tether), which is then used to buy BTC, ETH, or other cryptocurrencies. USDT is a stablecoin pegged 1:1 to the US dollar, issued by Tether Limited. This guide explains how to convert USDT to BTC and outlines key trading rules on OKX Exchange.
How to Convert USDT to BTC
Platforms like Huobi, Binance, OKX, and ZB support USDT-to-BTC conversions. Below is a step-by-step tutorial using OKX Exchange:
Step-by-Step Conversion Process
- Log In to OKX
Visit the OKX website and navigate to "Trade" > "Basic Trade." - Locate BTC Trading Pair
Search for "BTC" and select the BTC/USDT pair to view real-time market data. Execute Trade
- Buying BTC: Enter the desired BTC amount (minimum 0.00001 BTC) and click "Buy."
- Selling BTC: Input the quantity and click "Sell" to exchange BTC for USDT.
👉 Start trading BTC/USDT on OKX today
Bitcoin Trading Rules on OKX
1. Trading Hours
- Bitcoin trades 24/7, except during weekly settlement/delivery periods (Friday 16:00 UTC+8).
- Contracts can only be closed (not opened) 10 minutes before delivery.
2. Order Types
- Limit Order: Specify price and quantity for precise execution.
- Market Order: Automatically matches the best available price (bid/ask).
3. Position Management
- Merges same-direction positions for a single contract.
- Maximum of 6 open positions per account (e.g., weekly/quarterly long/short).
4. Trading Restrictions
- Caps on per-order quantities and total holdings to prevent market manipulation.
FAQs
Q1: Is USDT-to-BTC conversion instant?
Yes, trades execute immediately if market conditions match your order.
Q2: What’s the minimum BTC trade amount on OKX?
The minimum is 0.00001 BTC.
Q3: Are there fees for USDT/BTC trades?
OKX charges a small fee (e.g., 0.10% for takers); check their latest fee schedule.
Q4: Can I trade Bitcoin on weekends?
Yes, except during brief settlement windows.
Q5: How secure is OKX for Bitcoin trading?
OKX employs cold storage, 2FA, and regular audits for security.
Conclusion
Converting USDT to BTC is straightforward on OKX, with transparent rules for trading hours, order types, and risk management. For optimal results, familiarize yourself with the platform’s interface and fee structure.
👉 Explore advanced trading tools at OKX
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