How to buy currency on Dubai OKX Exchange

To buy cryptocurrency on the Dubai OKX Exchange, users must create and verify their account, fund it, find their target crypto, place a buy order, monitor it, and then withdraw their purchased assets.

Oct 20, 2024 at 05:42 am

How to Buy Cryptocurrency on Dubai OKX Exchange

Step 1: Create an OKX Account

• Visit the OKX website (https://www.okx.com/) and click "Sign Up."
• Provide the required information (email, phone number, etc.) and create a password.
• Verify your email and/or phone number by following the instructions provided.

Step 2: Verify Your Identity

• To enhance security and comply with regulations, OKX requires users to verify their identities.
• Click on "KYC" in the top menu and follow the instructions.
• Provide necessary documents, such as a valid ID and proof of address.
• Once your identity is verified, you will receive a verification email/SMS.

Step 3: Fund Your Account

• Select "Buy Crypto" from the dropdown menu.
• Choose your preferred payment method (e.g., credit/debit card, bank transfer, digital wallet).
• Enter the amount of fiat currency you want to deposit.
• Follow the on-screen instructions to complete your deposit.

Step 4: Find Your Target Cryptocurrency

• Click on "Markets" from the top menu and navigate to the cryptocurrency of your choice.
• You can use the search field or browse through the listed tokens.

Step 5: Place a Buy Order

• In the cryptocurrency's market page, enter the amount or quantity you want to buy.
• Choose the appropriate order type (e.g., limit order, market order).
• Click "Buy" to place your order.

Step 6: Monitor Your Order

• Once your order is placed, it will be displayed in the "Orders" section under "My Assets."
• You can monitor the status of your order and adjust it if necessary.

Step 7: Withdraw Your Cryptocurrency

• Once your order is executed and the cryptocurrency is credited to your OKX account, you can withdraw it.
• Click on "Wallet" from the top menu and select "Withdraw."
• Choose your cryptocurrency, provide the withdrawal address and amount, and follow the instructions to complete the withdrawal.