How to buy spot on Dubai OKX

To buy spot on Dubai OKX, create an account, fund it in AED, select the Spot market, choose a trading pair, place an order, and manage it until completion.

Oct 24, 2024 at 08:27 am

How to Buy Spot on Dubai OKX

Step 1: Create an Account on Dubai OKX

• Visit https://www.okx.com/en-ae/.
• Click "Sign Up" and enter your email address, phone number, and password.
• Verify your identity through email or phone number.

Step 2: Fund Your Account (AED)

• Click "Buy Crypto" on the homepage.
• Select "AED" as your fiat currency.
• Choose a payment method (e.g., bank transfer, credit/debit card).
• Enter the amount of AED you wish to deposit and follow the on-screen instructions.

Step 3: Select the Spot Market

• Once your account is funded, click "Trade" on the menu bar.
• Select "Spot" under "Trading Market."

Step 4: Choose a Trading Pair

• On the Spot trading page, select a trading pair (e.g., BTC/AED, ETH/AED).
• This represents the asset you wish to buy (e.g., BTC, ETH) and the currency you're using to buy it (AED).

Step 5: Place an Order

• Market Order: Enter the amount of BTC or ETH you wish to buy and click "Buy." This order will be executed at the current market price.
• Limit Order: Set a specific price at which you want to buy the asset. Your order will only be executed if the market price reaches that limit.

Step 6: Monitor and Manage Your Order

• Once your order is placed, it will appear in the "Open Orders" panel. You can monitor its progress and cancel it if necessary.
• When your order is completed, the purchased asset will be credited to your Spot wallet.

Additional Tips:

• Consider setting up two-factor authentication (2FA) for enhanced security.
• Use limit orders to buy assets at specific prices if you want to avoid market price fluctuations.
• Research the market thoroughly before trading any assets.
• Monitor your portfolio regularly and adjust your holdings as needed.