OKX is no longer a strange name to investors in the crypto market. Since its establishment, OKX has always stood firmly in the rankings of popular exchanges. The exchange provides cryptocurrency products and advanced financial services. Investors will experience hundreds of tokens and currency trading pairs when participating. To better understand this exchange, learn the details with Learn Crypto Trading now!

Detailed instructions on how to open an OKX account on your computer

OKX is the leading cryptocurrency exchange in the cryptocurrency market. In 2017, the OKX exchange was founded by Star Xu.  Below are the steps to guide investors in opening a trading account on OKX.

Step 1: Investors can visit the OKX homepage to register a trading account https://www.okx.com

Step 2: Investors can choose to register by email or phone number. Don’t forget to enter the partner code “98446966” to receive 24/7 support from the OKX care team.

Step 3: After registering by email. Investors, please check your mailboxes. OKX will send you a 6-digit registration code. Enter characters into the verification box on the website and then select “Next”

Step 4: Enter the investor’s personal phone number for verification and wait for OKX to send the code.

Step 5: Finally, create a password for your trading account on OKX.

What needs to be done to secure your account on OKX?

To secure investor accounts on OKX, Trading Crypto encourages investors to install a 2FA security code. Or investors can go through account verification on the exchange to secure their accounts.

Instructions for setting up security on the OKX platform

Step 1: Investors access the OKX and select “Security“

Step 2: In the “Two-factor authentication (2FA)” section, investors should turn it on.

Step 3: After receiving the verification code via phone number, the investor enters it in the box and then confirms.

Step 4: In the “Authentication app” section on the trading exchange, investors should select “Set up.“

Step 5: Investors can use Google Authenticator to scan the QR code.

Step 6: A Verification code is sent via phone; enter it in the box. And enter the 2FA code through the Google Authenticator application. Finally, select “Confirm” to complete trading account security.

Protect your transactions and accounts through the OKX exchange account verification

Account verification is necessary when investors want to trade on OKX. This is to protect your account from unnecessary risks.

Download the OKX app and log in to your account on your phone

We access the App Store or the CH Play application on our phones.

Step 1: On the store’s search toolbar, enter the application name “ OKX “. Then let’s download it to our phone. 

Step 2: Open the downloaded OKX application

Step 3: Log in to your account on the application

Verify account

Step 1: After successfully logging into your account, select “ Verify now ” to verify your identity.

Step 2: Here, we choose “ Individual verification ” to proceed with account setup. Next, you select the “ Verify identity ” box.

Step 3: Next, you choose the country and type of document you want to use. Select “ Next ” to confirm where you live.

Step 4: Select “ Verify now ” to begin the identity verification process.

Step 5: Select the type of identification document you want to provide for verification. Then click “ Next “.

Step 6: The system will guide you to take a verification photo to limit the need to verify multiple times.

Step 7: Take a portrait photo to verify your face

Step 8: After taking a photo and send the information to the exchange. It will take about 2 minutes for OKX to verify the posted information.

Step 9: Complete the account verification process.

See more:  Instructions for creating an OKX exchange account

How to log in to the OKX account?

Investors access the OKX website and select “Log in”. Fill in the investor’s phone number to register for an account to access the website. Or investors can log in via QR code. The condition to log in with a QR code is that investors must use the OKX phone application. 

Instructions for retrieving a forgotten password on OKX

Step 1: Visit the OKX website and select “Log in”: https://www.okx.com

Step 2: Investor, please enter login information. After you have filled in your login information. Please select “Forgot your password.”

Step 3: The trading exchange will send you a character code via your phone number. Enter the character code in the box to change the password.

What are the reasons why many traders choose OKX?

OKX trading platform provides investors with a variety of services in the financial market. The exchange’s exclusive blockchain technology is also popular with many investors. All of these changes are committed to a decentralized exchange. They provide investors with direct access to decentralized finance applications. 

As the world’s major cryptocurrency exchange, OKX attracts high-level traders with its advanced tools. Features like futures trading, trading robots, and margin trading. They are all specifically designed for those looking for an edge in their trading strategy. Additionally, the demo account feature allows both new and experienced investors to get acquainted with the platform without taking any financial risks.

Introducing a set of useful trading features for OKX traders

OKX has many smart trading tools. This is also the reason why the exchange is preferred by many investors. According to Coingecko data, OKX is always at the top of the most popular exchanges on the market.

OKX basic and advanced tool systems

The converter on OKX simplifies the process of converting cryptocurrencies for investors. It allows investors to exchange cryptocurrencies at a lower threshold than spot trading. The converter allows you to complete the transaction with just one click after confirming the price. Investors do not need to know what the current market trend is.

Spot trading on the OKX exchange is the buying or selling of cryptocurrencies without leverage or other financial instruments. Cryptocurrencies will be traded directly between investors participating in the market. Therefore, investors can directly own cryptocurrency by buying it on the exchange. One of the main advantages of spot trading is that it is the most transparent form of trading. Here the price is always determined according to the law of supply and demand in the market. 

OKX also provides futures trading tools that fully meet the needs of investors. Futures trading products on the exchange allow investors to easily trade futures contracts. When trading futures, investors have the opportunity to speculate on future asset prices without having to own them. This helps investors take advantage of the opportunity to make profits from accurate predictions. At the same time, investors can also use leverage to increase profits.

The OKX Wallet feature effectively supports and protects assets

OKX Wallet is a multi-chain wallet on a decentralized platform. They allow investors to access and explore the entire Web3 world. The wallet gives you access to over 1000 protocols and DApp features. Investors can fully mine, exchange NFTs, and search for DApps. OKX Web3 Wallet gives you easy access to Ethereum, Arbitrum, OKC, BSC, Aptos, and many other networks. 

Investors own a wallet and can experience all the functions on OKX Web3. A Web3 wallet allows investors to have full ownership of assets. Along with withdrawing cryptocurrencies without going through the same approval process as on the exchange. Creating a wallet will help investors use multiple chains with seed sets managing more than 50 networks on the exchange. 

Steps to set up the OKX Wallet for investors

Step 1: Investors access the App Store or CH Play application. Then enter OKX in the search bar.

Step 2: Investors should switch the application to Web3 wallet mode instead of the default mode. Investors do not need a trading account to join a Web3 wallet. Then select “Create wallet” on the OKX application

Step 3: Investors should choose an easy-to-remember and safe password for their wallet.

Step 4: After setting the password. Investor wallets have officially been created. Investors can use a native wallet or a multi-chain wallet with many different blockchains. 

What should you keep in mind before trading on OKX?

Currently, the OKX exchange offers a variety of cryptocurrency trading pairs. It allows users to perform many different transactions depending on the investor’s needs. Including short-term trading to long-term investing as well and margin trading. The exchange offers many different types of orders, such as spot trading, limit trading, etc. This gives users the flexibility to perform different types of transactions according to each individual’s strategy. Investors.

Besides, OKX focuses on protecting users’ information and assets through advanced security measures. Examples include two-factor authentication (2FA), data encryption, unusual activity detection, and system monitoring. This includes storing cryptocurrency in cold wallets that are not connected to the Internet to prevent external hacking. 

OKX Proof of Reserves in the market is said to be a transparent system. They allow investors to verify asset reserves on the OKX exchange. This system uses technology to be able to create a cryptographic record. They record the tokens of investors’ assets and then make them public for all investors to follow.

Trading costs are available on OKX

Based on trading volume, investors on the exchange will be classified into two levels: regular investors and VIP investors. Regular investors are ranked based on OKX trading volume. Meanwhile, VIP investors are ranked based on asset value and trading volume in the past 30 days. The different tiers determine the investor’s trading fees for the next trading day.

The fee calculation takes into account the total trading volume of spot, perpetual futures contracts along long-term futures contracts. Besides, it also depends on the options trading volume and the trading volume. Investors will enjoy maximum benefits at the highest level.

Let’s take a simple example where an investor has a 30-day trading volume of 10,000,000 USD. This is the amount that meets the requirements to become VIP 2 on the OKX exchange. The investor has a total volume of 30-day perpetual contracts of 200,000,000 USD. Along with the asset value at the time of data collection of 5,000,000 USD, it meets the requirements to become VIP 4. At this time, investors will enjoy the benefit of transaction fees for investors at a level VIP 4.

How to optimize costs when making transactions on OKX?

To optimize transaction costs for new investors entering the market. The exchange has developed the OKX bonus program. For qualified investors to participate, the OKX bonus serves as a source of capital for investors to use margin mode when trading. Besides, investors can also use bonuses to participate in futures contracts with options.

Investors need to activate the bonus to be able to use it when trading. This bonus can then be used as a trading margin or to cover trading losses, trading fees, brokerage fees, and other trading costs. The system prioritizes using bonuses before using capital. Although investors cannot withdraw trading bonuses, they can withdraw profits earned from this trading bonus.

What are the conditions for trading on OKX?

To be able to trade on OKX, investors need to open a trading account on the exchange. If you are a new investor and do not have much trading experience. Investors can choose to open a demo account. Opening a demo account will help investors grasp how OKX operates as well as learn more about the market. 

When opening an account, investors need to verify their identity. Identity verification to ensure ownership of the owner’s account. To prevent fraud and property appropriation. Documents to verify identity need to match the information you registered on the exchange. If identity is not verified, investors will not be able to withdraw money to their account at all.

Guide to basic trading steps on OKX

Trading Crypto will guide investors through basic deposit and withdrawal steps on the OKX exchange website.

How to deposit and withdraw on the OKX exchange?

Instructions for depositing money for investors on the OKX exchange:

Step 1: After accessing the OKX. Investors should select “Assets” and then select “Deposit”.

Step 2: Select the type of token or blockchain network the investor wants to use to deposit.

Step 3: Use the investor’s wallet address and then deposit money.

Instructions on how to withdraw money for investors on OKX:

Step 1: Visit OKX, select “Assets“, and then select “Withdraw“

Step 2: Select the type of token the investor wants to withdraw, and then select “Next”

Step 3: Enter the investor’s wallet address information, the blockchain network the investor wants to use to withdraw money, and the number of tokens he wants to withdraw. 

Conclude

Above is detailed information on how to use the OKX trading platform that every investor should know. OKX is a long-standing exchange with a lot of experience in the cryptocurrency market. The exchange provides investors with a full range of essential product services on the Crypto network. For more information about the exchange, don’t forget to follow Learn Crypto Trading every day!

FAQs

What is the purpose of the OKB token on the exchange?

OKB token has the role of reducing transaction fees. Besides, they support investors to participate in public projects.

Using the OKB token, can I save money through OKX Earn?

Investors can use OKB tokens to deposit savings to earn more profits.

Does the OKX exchange require investors to verify KYC?

OKX is a centralized exchange. The exchange requires investors to verify KYC when trading cryptocurrencies.