In a competitive and volatile world like cryptocurrency, choosing a reputable Crypto exchange is the key to your success. One of the best and most optimal choices is OKX exchange. Suppose you are a new trader and do not have any knowledge about OKX. Then refer to the following article of Crypto Trading. We will guide you step by step from opening an account to owning a quality OKX Wallet. Let’s see!
How to open an OKX exchange account on your phone is super easy
Normally when opening an OKX exchange account on the phone, traders will choose to register on the application. Because it brings convenience and speed to investors. In particular, the account opening process will include 5 simple steps as follows:
You can also visit the homepage: https://www.okx.com/
Step 1: Download the OKX app on your Smartphone
On the phone application, select “AppStore” if it is iOS and “CH Play” if it is Android. At the application store, click on the “ Search ” icon => Enter the keyword “ OKX App ”. Then click download as shown below. With just 3 steps, the OKX application is immediately set up on the user’s device.
Step 2: Access and start registering for an OKX exchange account
On the main interface, select “ Register ” to open if you do not have an account. Or “ Login ” if you already have an OKX account.
Start by selecting “ Country/Region ” in Vietnam. Don’t forget to check the box “ I agree… ” and the location must match your ID => Click “ Next ” to continue.
okx-exchange
Enter the Email address you want to use to register an OKX account. Important Note: Must enter the referral code “98446966”. As you know, the referral code is not required but if you follow the instructions, you will receive benefits from a Crypto Trading partner. Finally, select “ Register ” to complete.
Step 3: Verify Email and Phone Number on OKX Exchange
Slide as required to complete the puzzle (this is to verify you are not a Robot).
Then, continue to enter the 6-digit verification code sent to the registered Email => Select “ Next ”.
At the same time, provide and verify your phone number to secure your account as shown below. As soon as you select “ Verify Now ”, the code will be sent to your phone number => Select “ Next ” to slide and complete the puzzle similar to Email verification.
Then you need to create a password. Passwords must contain 8-32 characters. Include at least: 1 uppercase letter, 1 lowercase letter, 1 number, and 1 special character. To complete the OKX registration process, simply select “ Next ”. Note, do not use your date of birth, or phone number… as your OKX password. Because this information is easily stolen, your account will be attacked.
How to quickly verify the ” OKX exchange” account on the phone
Because OKX operates with the motto “Safety First”, users must be verified before they can deposit/withdraw and trade on the exchange. To protect your account, the verification steps will be initiated as follows:
- Step 1: On the main interface of the OKX application, select ” Verify now “
- Step 2: Select the country of residence and the type of verification document depending on your needs. At ” OKX exchange”, you can KYC with CCCD, Driver’s license, Passport… => click ” Next “.
- Step 3 : Prepare documents, check the box ” I agree… ” then select ” Start verification “.
- Step 4: After providing the required photo, you will have to provide a portrait photo. Note, that you must remove everything such as glasses, hats, masks, etc., and take the photo in a well-lit space.
For the account to be officially active, OKX must process and verify the request. Within 24 hours, the qualified account will be approved on the OKX exchange. At that time, the trader will officially be able to use the services on the application of this exchange.
How to open OKX Wallet on a phone?
In addition, to make transactions more convenient, traders will open an OKX Wallet. This process is also considered quite basic with the following operations:
- Step 1: Access the OKX App and switch to Web3 wallet mode in the upper corner of the screen. Here, you can participate in using OKX Wallet without having an exchange account.
- Step 2: Click “ Create Web3 wallet ” => Continue to click “ Create wallet ”. Note, keep the seed cluster safe by backing it up on the cloud or writing it down when creating the wallet.
- Step 3 : Set a password to manage the wallet (can be replaced by Touch ID or Face ID). Finally, click “ Confirm ” to complete the super-easy OKX wallet opening process.
When registering an OKX exchange account on the phone, what should traders pay attention to?
In order not to waste too much time of users on OKX exchange. Crypto Trading has listed some information that traders need to note when opening an account on the phone. Specifically:
Are there any fees required to open an OKX exchange account?
Regarding the fee requirement, OKX does not charge any account opening fee from users. However, this information may change depending on the time and policy of the exchange. Therefore, investors should check or contact the OKX team to learn more about other fees. In particular, you must register with the correct link to avoid fraud from other organizations/individuals.
Which operating systems are compatible with the OKX App?
The OKX App is optimized for all different operating systems. Whether you are using iOS or Android, you can download the app from the store. If you do not know how to download the App correctly, please go back and follow the instructions in the information above! Otherwise, you can also register an account on your phone browser. The operations are similar to opening an account on the OKX app.
What are the conditions for registering an OKX account?
In addition, to register an account on OKX exchange, users must meet the following conditions:
- Traders must be of age according to OKX regulations (18 years of age or older).
- OKX may apply geographical restrictions to certain countries. Therefore, traders should check whether their country or region is allowed to register an OKX account.
- To trade on the exchange, OKX may require verification of identity and personal address. If you agree to provide truthful information, you can proceed to open an exchange account.
What are the benefits of opening an OKX exchange account on a Smartphone?
According to current statistics, many traders choose to open an OKX exchange account on their phones. Because it brings investors utilities that other versions may not be able to meet. For example:
OKX exchange ensures convenience for users
Firstly, it is convenient for OKX users. With the application, you can easily access your account and make transactions anytime, anywhere with a smartphone. Besides, the app’s interface is also rated as intuitive and easy to use, suitable for all subjects. Whether you are a beginner or a professional investor, you can operate proficiently without much difficulty.
Above all, the OKX app supports multiple languages, including Vietnamese, helping traders easily search for information. In particular, diverse payment methods are also a big plus for the OKX exchange application. That helps you deposit/withdraw money more quickly and conveniently.
OKX registration process is simple and fast
As the instructions above show, you can see that the registration process on OKX is very simple. Just download the free OKX application to your personal phone and follow the registration steps one by one. Comes with some activities to provide personal information and verify identity. Usually, this process only takes 2-3 minutes to complete. Therefore, you can quickly participate in the cryptocurrency market.
Convenient trading with a wide range of assets
In addition, the OKX exchange also provides a variety of cryptocurrencies. Including Bitcoin, ETH, USDT, and Altcoin… making it easy for you to choose and participate in investment. The exchange even supports many different forms of investment such as Spot trading, margin trading, and options… Whatever you want, OKX can meet within the allowed range. Finally, it must be said that the transaction fee is extremely competitive, helping traders optimize profits when investing.
In addition to the above benefits, the OKX app is also committed to providing users with professional services. Ensuring 24/7 support, helping you solve all difficult problems quickly and effectively.
see more: OKX: open an OKX account – Reputable crypto exchange
What is Altcoin? What Altcoins does OKX exchange offer?
As above, readers have also seen Crypto Trading mentioned Altcoin. This is one of the extremely prominent digital assets on the OKX exchange. This term sounds similar to Bitcoin but in fact it is not related. So what is Altcoin OKX? What types of Altcoins are offered on OKX?
Altcoin is a combination of the two keywords “Alt” and “Coin”. In the Crypto world, it is understood as a form of alternative currency. It can be simply understood that Altcoin is an alternative to Bitcoin and fiat money.
As of early 2023, OKX has provided users with more than 300 different Altcoins. In addition, this exchange also lists potential new Altcoins on a regular basis. To be able to fully update the supported Altcoins, you can refer to the exchange’s official website.
Analyzing the Pros and Cons of Trading Altcoins on OKX
So should you trade Altcoin on OKX exchange or not? To give an accurate answer, readers need to analyze their advantages and disadvantages. Once you understand the information, it will help you make better trading decisions.
What are the advantages of investing in Altcoin OKX exchange?
First is the advantage of investing in Altcoin on the OKX exchange, including:
- Most cryptocurrencies come into existence to solve problems in the industry. On the other hand, many Altcoins tend to come into existence to solve real-world problems. This can provide some kind of utility Token to users.
- Altcoin investments are often more convenient than Bitcoin. And the more convenient a Token is, the greater and longer its chances of survival will be.
- Additionally, some Altcoins provide access to unique networks with a variety of unique features. Altcoins even allow users to earn money through Staking, lending, or similar services.
- Altcoins can be used for voting rights to contribute to future decisions of the project.
Disadvantages of Altcoin OKX exchange
Besides the bright advantages, investing in Altcoin on OKX also requires considering some issues:
- The Altcoin market capitalization will be smaller than the Bitcoin capitalization. Statistically, Bitcoin’s capitalization is as large as the rest of the cryptocurrency industry combined.
- The volatility of the Altcoin market is also lower than that of Bitcoin, making it a riskier investment. Since about 40% of all capital in the industry has been channeled into Bitcoin.
- The Altcoin market will have fewer investors and less activity. That will make it more difficult for investors to trade cryptocurrencies.
- Altcoin investments are prone to scams because many of them are unethical projects. Usually, they will hype up the project to attract investors. After the trader sells them coins, the project will be abandoned and they will disappear with the money they received.
Instructions for applying effective Altcoin investment strategies on the OKX exchange
When it comes to Altcoin investment strategies, there are 3 fairly simple strategies for new traders.
- Strategy 1: Go all in when you find a potential Coin to HOLD
This means you will invest and keep them in your crypto wallet when you have potential Coins. No matter what happens, you will still hold them and wait for the price to increase one day. Although this is not the best strategy, it is quite perfect for Altcoin investment.
- Strategy 2: Diversify your portfolio on OKX
By investing in a variety of Altcoin assets, you can minimize your risk. For example, you will focus on the Altcoins with the greatest potential in various aspects. And determine to invest in assets that you believe will be able to increase in the future.
- Strategy 3: Actively trade cryptocurrencies
Investing in Altcoins on the OKX exchange is flexible. For other types of investments, it is better to maintain it for a long time, but cryptocurrency is not. You can hold it for a few weeks and then sell it, or even just hold it for a few hours. By doing so, you can earn a little profit from the price difference.
Summary:
Through the above article, we have helped readers register and verify the OKX exchange account in the most detailed way. Hopefully, during the process of opening your account, you will not encounter any difficulties. If so, do not hesitate to share with the Crypto Trading team via contact methods for the fastest support. In addition, our Blog also synthesizes many other interesting Crypto knowledge waiting for you to discover!
FAQs:
Is it possible to register an OKX exchange account on a mobile browser?
Yes, you can register an account on your phone browser using the okx.com . The basic steps are the same as the instructions above.
Can I register for OKX without entering a referral code?
A referral code is not required on OKX exchange. However, when entering the code “98446966”, you will receive free support and advice from the Crypto Trading team when you encounter problems.
Is there a fee to open an OKX account on a Smartphone?
No, this process is not only simple but also completely free. So, always feel confident and comfortable when trading with OKX.
