CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

How To Sell and Buy Cryptos On OKX Exchange?

OKX crypto Exchange
OKExchange is now known as OKX and it is a major exchage to buy and sell bitcoin. This article explains how to buy and sell crytpos on OKX

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OKX, also previously known as OKExchange, is a cryptocurrency exchange based in Seychelles that provides a trading platform for a number of cryptocurrencies such as Bitcoin, Ethereum, Fantom, Solana, Dogecoin, Shibu and many other. OKX also offers Spot and derivative trading. These are two of the exchange’s main features. The exchange also provides a marketplace for NFTs, staking and more. It was founded in 2017.

What Is OKX Exchange?

OK Exchange is a division of the OK Group, which also operates Okcoin, a cryptocurrency. This post will walk you through the process of buying and selling cryptocurrencies on OKX exchange.

Why OKX Changed Its Name?

Bitcoin was still in its childhood as a network when OKEx team first began its crypto journey. Ethereum, the second biggest crytpo currency was still in its early days. Other public blockchains such as Solana, Dogecoin and applications were only ideas in a white paper. However, Bitcoin changed the game. BTC provided a vision for a new future, a really open system for every person  in which every person has the freedom and they can truly own their own future.

OKX has a much bigger vision and they are constructing much more than a centralized exchange. Hence, they believe that It is time for them to modernise thier brand to represent accorodingly.  

The OKX team believes that Finance (DeFi) and gaming (play-to-earn) are simply the tip of the iceberg. Hence, they decided to drop the E and replace it with X. 

How To Create an account On OKX?

To buy cryptocurrency such as Bitcoin, you must first open an account with OKX exchange and verify your identity.

Fill out the form and click the sign up button. Now you must verify your email address or phone number with a code sent by OKExchange. This code is only valid for 30 minutes before expiring, requiring you to repeat the procedure.

OKX account opening form
OKX account opening form

After inputting the code and validating your email address or phone number, you will be signed into your new OKX account. You will then be presented with a homepage.

OKX start trading bitcoin

You can find further setting for account on OKX exchange page. How to buy and sell cryptocurrency on OKX Exchange?

Step 1: Log in to your OKX account

Before you may purchase or trade cryptocurrencies, you must first log into your OKX account. Go to the OKX website and select Login in the upper right corner to complete your login procedure.

OKX login page to buy BTC, ETH and more
OKX login to buy BTC, ETH and many more cryptos

If you don’t already have an account, click Sign Up and fill out the form.

Step 2: Select Buy/Sell

To begin, log in to your OKX account and then choose Buy Crypto in the upper left-hand corner of the homepage.

How to buy cryptos on OKX
OKX Star trading page

Buying or depositing crypto to fund your OKX account

OKX users have access to an easy-to-use Buy/Sell crypto gateway that allows them to purchase nine different crypto assets, including, and, using a range of local fiat currencies.

How to buy cryptos on OKX
OKX buy bitcoin

Step 3: How to Buy and Sell Cryptocurrency On OKX Exchange? – Select your Buy/Sell method

Three steps are to decide how you want to purchase or sell bitcoin. On OKX, you have three main choices:

1. Fast Trade

2. Peer-to-peer trading

3. Block Trade

The simplest way to buy crypto on OKX Exchange is to utilize the Fast Trade option.

How to buy cryptos on OKX
Looking to buy BTC

Conclusion

You can use OKX to buy/sell cryptos and the platform is fairly user friendly. If you like to find out other best crypto exchange or best crypto broker, you can do it here

Check our OKX review here.

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