How long after buying coins on Dubai OKX can I sell coins

After purchasing coins on Dubai OKX, you can sell them instantly in the spot trading market if the purchase was made using a credit/debit card, Apple Pay, or Google Pay.

Nov 05, 2024 at 11:14 am

How Long After Buying Coins on Dubai OKX Can I Sell Coins?

1. Instant Trading:

• After purchasing coins on Dubai OKX, you can sell them immediately in the spot trading market.

2. Settlement Period for Deposits:

• If you used a credit/debit card, Apple Pay, or Google Pay to purchase coins, there is a 2-hour settlement period before the funds are credited to your account. During this period, you cannot sell the coins.
• If you used a bank transfer, the settlement period varies depending on the bank and transfer method. In general, it takes 1-5 business days for the funds to be deposited.

3. Market Conditions:

• Market conditions can affect the liquidity and availability of certain coins. In times of high volatility or low liquidity, it may take longer to sell coins.

4. Additional Considerations:

• Ensure that you have a sufficient balance in your spot wallet to cover any trading fees and the minimum order size for the coin you wish to sell.
• Place a limit order to sell your coins at a specific price or better. This can help you avoid selling at unfavorable prices during market fluctuations.

Example:

• If you purchase coins on Dubai OKX at 10:00 AM using a credit card, you can sell the coins immediately.
• If you deposit funds via bank transfer at 10:00 AM, you will need to wait until the settlement period expires (e.g., 1:00 PM on the same day or later, depending on the bank) before you can sell the deposited coins.

Note:

• It is recommended to check the Dubai OKX website or contact their support team for the most up-to-date information on trading and settlement periods.