OKX is a regular cryptocurrency exchange and one of the world’s leading platforms. With a variety of features and services, OKX has attracted the attention of global cryptocurrency investors. In the article below, let’s explore Crypto Trading the details of how to open an account, and instructions for using this exchange!
How to open an OKX account on a computer is super easy
OKX is one of the leading crypto exchanges in the market today. This exchange was officially founded in 2017 by Mr. Star Xu. Below are detailed instructions on how to open a trading account:
Step 1: Visit the OKX website
Investors can access the exchange homepage at: https://www.okx.com
The floor home page interface will now appear as shown below.
Please make sure to select the correct country and area of residence that matches your identification documents.
Step 2: Enter registration information
Investors can choose to register with a personal email or phone number. Don’t forget to enter the partner code ” 98446966 ” to receive 24/7 support from OKX ‘s customer care team.
Step 3: Confirm the information and set a password
After registering with email, check your mail for a 6-digit verification code. Enter this code into the verification box on the website and select ” Next “.
Enter your phone number to verify and wait to receive the code from the OKX system.
Finally, create an exchange password for your trading account on the OKX exchange.
By following the above steps, investors can easily open an account and start trading on the OKX exchange.
Instructions for verifying OKX exchange account
To protect your trading account. Before trading, you should verify your trading account.
Download the OKX App and log in to your account on your phone
You need to go to App Store/ CH Play to download the application to your phone.
After successful download, you need to fill in the information to log in to your trading account on your phone.
Verify OKX Trading Account
- Step 1: On the main interface of the application, select ” Verify now “
- Step 2: Here, we choose ” Individual verification ” to proceed with account setup. Then click on the “ Verify identity ” box.
- Step 3: Select your country of residence and type of verification document as required. Select ” Next “.
- Step 4: Start identity verification, we select “ Verify now ” to start the verification process.
- Step 5: Prepare your identification documents, check the box ” CCCD “. Or you can also choose another type of document to verify, then select ” Next “.
- Step 6: Next, the exchange will guide you to take a verification photo.
- Step 7: After providing your ID photo, you will have to provide a portrait photo. Note, that you must remove everything such as glasses, hats, and masks… and take the photo in a well-lit space.
- Step 8: After taking a photo and sending the information to the exchange. It will take about 2 minutes for OKX to verify the information.
- Step 9: Complete the account verification process at exchange
How to quickly log in to the OKX exchange
Step 1: Visit the OKX website
Open your browser and go to the homepage. On the right corner of the homepage, click on the “Log in” button.
Step 2: Enter personal account information on the exchange
Enter your registered email or phone number and password in the corresponding boxes.
See more: Instructions for opening an OKX exchange account
Information traders need to know when opening an OKX account
OKX boasts an impressive list of 236 derivative trading pairs. It has a total daily trading volume of over $3.8 billion. It is second only to Binance. Despite having over 50 million global users, OKX does not offer services to US customers.
How much does it cost to register a new account on OKX?
Registering a new account on OKX is completely free. Investors do not have to pay any fees to create an account. Traders can start trading on this platform.
However, users may incur the following fees:
- Spot Trading: Fees range from 0.10% to 0.15%. This is lower than the industry average of 0.20%. This reduces costs and makes it convenient for investors with long-term trading strategies.
- Futures: Fees range from 0.02% to 0.05%. To provide flexibility to investors with derivatives trading.
- Margin Trading: Fees are calculated based on the spot rate, plus a borrowing fee. This ensures fairness and transparency in margin trading.
- Perpetual Swap and Option: OKX applies a tiered fee structure for these products. Helps optimize benefits for investors with diverse trading strategies.
- Deposits and Withdrawals: There are no fees for deposits and withdrawals in fiat currency. However, cryptocurrency withdrawal fees may depend on the specific currency and blockchain network.
Ways to deposit/withdraw money into the OKX account
Simple and quick deposit instructions on OKX exchange:
Step 1: Visit OKX‘s official website
Investors access the homepage. Then select “Assets” and click “Deposit”.
Step 2: Select the type of token the trader wants to trade and the Blockchain network
Select the type of token and blockchain network that the investor wants to use to deposit. Then copy the investor’s wallet address and make a deposit transaction to this wallet.
Instructions for withdrawing money on OKX exchange:
Step 1: Visit OKX‘s official website
Investors go to the homepage. Next, traders select “Assets” and click “Withdraw”.
Step 2: Select the token type to withdraw
Select the type of token the investor wants to withdraw, then click “Next”. Then enter the investor’s wallet address, and select the blockchain network you want to use. Enter the amount of tokens you want to withdraw. Then, the withdrawal process to your wallet will be completed.
What are the cases where OKX account registration is not possible?
When registering an account on the OKX exchange, several cases and reasons may prevent users from registering successfully. Here are some common reasons that traders will often encounter:
The registration object is not within the scope of OKX
OKX does not allow registration from banned countries or regions. People under 18 years old, those who have not completed the identity verification process. Or have violated their terms of service. Sanctioned organizations or individuals are also not allowed to register.
Subjects not covered by registration include:
- USA
- Hong Kong
- Malaysia
- Bangladesh
- Bolivia
- Crimea
- Cuba
- Ecuador
- Iran
- Kyrgyzstan
- North Korea
- Sudan
- Syria
- Malta
Internet connection is interrupted and unstable
When the Internet connection is unstable, users may encounter problems. For example, sudden disconnections, and slow loading of web pages. Or difficulty accessing online services. Causes may include weak Wi-Fi signal, modem or router problems, slow Internet speed, or unstable international network conditions.
This can disrupt the online experience and make it difficult to use online services like trading cryptocurrencies on exchanges.
OKX floor system is under maintenance or upgrading
When the exchange system is under maintenance or upgrade. Users may experience inaccessibility to the website. At the same time, they may experience interruptions when using the platform’s features. This process is often carried out by the exchange to improve performance. To improve stability and deploy new features.
During this time, users may need to wait until the maintenance or upgrade process is complete before continuing to use the exchange’s services.
Domain error cannot access OKX exchange
If you are unable to access the exchange and encounter a domain error message. This may indicate that there is a technical issue occurring. There may also be an error on the OKX server side.
In some cases, this problem can be caused by technical issues. For example, DNS errors, server configuration errors, or system errors. This can cause interruptions in user access to the exchange. To solve the problem, it is necessary to check and determine the specific cause of the problem. Then the trader can take corresponding corrective measures.
Solutions when unable to register OKX
Possible solutions when unable to register an account on OKX may include:
Troubleshooting Device and Internet Network Errors
To fix device and Internet errors when unable to register an account, you can follow these steps:
- Check your network connection: Make sure your network connection is working properly and stable. Check if you can access other websites. This is to ensure that the problem is not with the network.
- Restart your network devices: Turn off your modem, router, and any other network devices you are using. Then wait about 30 seconds and turn them back on. This can quickly refresh your network connections. It can also solve some network-related problems.
- Check your Wi-Fi signal or network cable: If you are using a Wi-Fi connection, make sure that the Wi-Fi signal is strong and stable. If you are using a wired connection, check the cables to make sure that they are not damaged or broken.
Thanks to the support from OKX’s customer service team
OKX offers a diverse support structure, including:
- Email Support: Requests are expected to be resolved within 24 hours.
- Online Support: Chat live with support for instant assistance.
- Tutorials and FAQs: Lots of documentation and FAQs to choose from.
- Multilingual Support: Support service in multiple languages.
- Active Social Media: Actively monitor social media to provide news and updates.
- Active Community: A vibrant community helps traders and crypto enthusiasts gain deeper insight into the market.
Access with new domain link of OKX exchange
For the problem related to accessing the exchange, one of the possible solutions is to access through a new domain link of the OKX exchange. This can be done when the exchange encounters technical problems. Also when there is a new update to the website address.
By using the new domain link, users can avoid the old domain link problems. At the same time, the new link can ensure stability and safety when accessing the floor.
Should Traders Open OKX Wallet When Crypto Trading?
OKX Wallet stands out in the OKX product list. It outperforms its competitors in the industry.
What is OKX Wallet? Why was it created?
OKX Wallet is an e-wallet developed and provided by OKX Exchange for users. It allows users to store, manage and trade supported cryptocurrencies. In addition, OKX Wallet also provides advanced security features. Including two-factor authentication (2FA) and PIN code to protect user assets.
The birth of OKX Wallet is largely to meet the needs of users when trading. In storing and managing cryptocurrencies safely and conveniently. By using OKX Wallet, users can conveniently make transactions without having to transfer money from external wallets to the exchange.
In addition, the development of OKX Wallet also emphasizes OKX ‘s goal of providing a comprehensive and secure trading platform for users. By integrating the e-wallet directly into the exchange. Provides a powerful and convenient trading experience for its cryptocurrency trading community.
Benefits of using OKX wallet in Crypto trading
- Absolute freedom in owning your property.
- Withdraw crypto without waiting for the approval process like on other platforms.
- Create a multi-chain wallet with a set of seed phrases. To help manage assets on over 50 networks. Including Ethereum, OKC, BSC, Arbitrums, zkSync, Aptos, and more. Also supports multi-seed phrase import and address generation.
- Supported on iOS, Android, and web browser platforms.
A simple guide on how to open OKX wallet for beginners
OKX Wallet installation guide for investors:
- Download the OKX app from the App Store or Google Play Store. Investors go to the app store on their phones and search for OKX.
- Switch to Web3 wallet mode: When downloading the app, the investor switches the app to Web3 wallet mode instead of the default mode. This allows users to join the Web3 wallet without a trading account. Next, the investor selects “Create Wallet” on the app. The investor chooses a password that is easy to remember and secure for his wallet. After setting the password, the investor’s wallet is initialized. Now, they can use the native wallet or multi-chain wallet with different blockchains.
What are some important notes when opening an OKX wallet?
When opening an OKX wallet, there are a few important notes that users should consider:
- Password Security: Choose a strong and complex password to protect your wallet. Make sure your password is not easily guessed and is not shared with anyone else.
- Wallet Backup and Recovery: Make a backup of your wallet and store your seed phrase securely and privately. This will help you recover your wallet in case you forget your password or lose your device.
- Identity Verification: Exchange may require you to verify your identity for added security and regulatory compliance. Please prepare the necessary documents for the verification process.
- Verify the address: Always verify the wallet address before making a transaction or withdrawing funds. Avoid providing your wallet address to anyone or on any untrusted website.
- Software Updates: Make sure traders always update to the latest version of the main OKX Wallet application to protect against security vulnerabilities and improve performance.
- Check App Stability: Before using, please check the stability of the OKX Wallet app on your device to ensure that it is running smoothly and securely.
Conclude
Overall, OKX is one of the oldest cryptocurrency exchanges in the market, providing a full range of products and services for traders. Crypto Trading hopes that through this article, you will have an overview and deeper understanding. Don’t forget to follow our upcoming articles for more interesting trading knowledge!
Frequently Asked Questions
Is OKX exchange considered reputable?
OKX has received a trust score of 9 from Coingecko. It is one of the most reputable cryptocurrency exchanges in the market today.
Has this OKX exchange ever been hacked?
Currently, OKX has not recorded any cases of hacking. However, in 2018, the exchange briefly suspended user withdrawals. In the future, OKX may implement more stringent security measures, so you do not need to worry too much about this issue.
When registering an account on the OKX exchange, is it mandatory to perform identity verification (KYC)?
Exactly, OKX requires users to undergo identity verification (KYC) in order to use services on their platform, to ensure security and regulatory compliance.
