How To Become A Master Trader with OKX In 3 Easy Steps

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Do you dream of making it big in the cryptocurrency market? You’re not alone, millions of people are looking to take advantage of the rising demand for digital assets.

But becoming a successful trader is no easy feat. The good news? You can start your journey toward becoming a master trader with OKX in just three easy steps.

Whether you’re a beginner who’s never traded before or a professional investor looking to diversify your portfolio, OKX offers an intuitive interface and powerful tools that will help you set up and execute successful trading strategies.

In this article, we’ll show you how to get started on OKX and share the seven essential steps to becoming a master trader. We’ll cover everything from basic account setup to advanced security features and help you understand the risks and rewards of trading with OKX.

By the end of the article, you’ll be ready to start trading and join the growing ranks of cryptocurrency millionaires!

How To Start Trading Cryptocurrency On OKX

Step 1: Sign Up For An OKX Trading Account

To start trading on any platform, you need to have an account and OKX has the same rule, you can sign up by following this link to get a welcome bonus of $10,000 OKX mystery box when you invite friends, 2 months zero fee trading experience when you complete KYC and deposit up to $1,000 (offer open until 5th, August, 2023), $10 bitcoin sign up bonus and a 20% discount on your trading fees.

PS: Check whether your country is supported by OKX before signing up.

Enter your email address or phoned number and a secure password for your account on the sign up page, after entering your details, click on Sign up and you will be prompted to verify your email or phone number with a 6-digit code sent by OKX.

Sign up window

Please note this code only last for 30 mins after which you will be asked to enter your details all over again, after successfully inputing the code, you will be taken to tyhe next page which is the OKX Welcome screen.

Your OKX account is now ready to be used, you can start by buying crypto or depositing assets you already own with the buttons provided on the screen.

Account Verification

While OKX does not make it mandatory to verify your account before depositing and trading crypto, you can’t make withdrawal while you haven’t verified your account.

So to verify your account, click on the verification button on the sub-menu from the settings screen or the drop-down list below the profile icon.

You can proceed to verify as an individual or corporation, if verifying as an individual, you will be required to submit a government-issued identity document.

As said earlier, this is not mandatory unless you want to make withdrawals, you can still deposit and trade crypto while your account is not been verified.

Step 2: How To Buy And Deposit Crypto On OKX

Now that you are done with setting up your account, you need crypto to start trading, you can either buy crypto or deposit your asset into your OKX account.

Please note that all incoming crypto transactions are credited to your funding account, in order to start trading, you will need to transfer your funds from your funding account to your trading account.

How To Buy/Sell Crypto On OKX

The OKX Buy/Sell section is where users can access 13 popular crypto asset like BTC, ETH and USDT using a variety of local fiat currencies.

You can access crypto on OKX by clicking on Buy/Sell on the main menu on the website or trade on the app.

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From the opened section, you will see the supported currencies available for you to buy. You can then choose to trade Spot, Perpetual, Futures or Options.

How To Deposit Crypto On OKX

For users who already own digital asset on other platforms you can deposit those asset to OKX by clicking on Asset on the menu and click on deposit from the dropdown list (PC users)

For mobile app users, click Assets on the bottom right, click Funding on the top menu, click on Deposit, the deposit section shows you all the supported coins and tokens you can move to your OKX account.

Select the coin or token you wish to deposit (Be sure to select the right network) to generate a wallet address.

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For example, if you choose USDT, OKX will generate a new USDT deposit address where you can send your already-owned USDT to.

Once the deposit is confirmed, you will be able to see the deposited amount by clicking Assets on the menu tab.

Once your account has been credited, you can start trading.

Step 3: How To Start Trading On OKX

In this article, we will be going through the basic steps of trading on OKX, you can start trading in these easy steps:

  1. In order to start trading, you will need to transfer funds from the Funding account to the Trading account. This can be done through the Transfer button which can be found by clicking Assets then Funding.

The Transfer screen will allow you select your desired coin or token when you click on the Crypto tab, put in the amount and select Confirm.

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Once you have moved the coin or token, you can now start trading.

2. To start trading, go to Trade on the top menu (PC users) and select Basic Trading, clicking on Margin Trading will take you to the not-so-basic trading options which is not so simple for beginners.

On the Basic Trading screen, you will be asked of your trading experience, a quick tutorial will be shown for new users.

Then you will be shown a BTC/USDT on the screen, this pair denotes that in this market, you will be trading between BTC and USDT.

For mobile app users, click Discover on the bottom menu, click on Market then Spot to see various trading pairs. On the top right, click on the currency dropdown to select between USDT and BTC.

3. Once you have selected your trading pairs, you can execute your first trade. For example on this screen 1 BTC was trading for 41,974.9 USDT, in order buy this BTC, you will simply enter the amount of BTC in the Amount field. Alternatively, you can put in the amount of USDT you wish to use in purchasing BTC in the USDT field.

For mobile app users, Select Trade to execute a BUY order, repeat the process above.

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Once you’re done inputting amount, select the Buy option to fill an order, your order will be filled when it gets to the amount which you set or you can choose to cancel the order before it is filled.

Once your order has been successfully filled, you have executed your first crypto trade on OKX, congratulations!

The coins or token you bought can be seen in your trading account balance, if you wish to sell your asset, click on the coin or token and place a Sell order.

To withdraw your funds, transfer your money to your Funding account by clicking on Assets, select Trading then Transfer.

Select Funding, then Withdraw to open a screen where you can put in the amount of money you wish to withdraw.

Why Should I Trade With OKX?

  • Fast, seamless and secure trading experience.
  • New traders at OKX will be eligible to earn free Bitcoin and other promotional crypto rewards.
  • $10,000 mystery box reward when you invite friends to OKX.
  • On OKX you can manage your DEFi portfolio by connecting your web3 wallet to help you organize all your decentralized assets in one place.
  • Get the lowest fees, fastest transactions, powerful APIs and more.
  • $10 Bitcoin sign up bonus.
  • 20% discount on your trading fee.
  • You can create, buy and sell NFTs.
  • You can earn crypto in mining pools and take out crypto collateralized loan.
  • These and many more benefits.

Not yet on OKX? don’t miss this opportunity, sign up now to get started today.

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