How to deposit and purchase on OKEX European Exchange

To deposit funds onto the OKEX European Exchange, users can opt for bank transfer (SEPA), credit/debit card, or third-party platforms like MoonPay and Simplex, each method with its own set of instructions and potential fees.

Jan 13, 2025 at 10:11 pm

Key Points of the Article

• Understanding the Okex European Exchange platform and account creation
• Step-by-step guide to depositing funds onto the exchange using various methods
• Detailed instructions on purchasing cryptocurrencies using the available options
• Frequently asked questions and troubleshooting tips for smooth transactions

How to Deposit and Purchase on OKEX European Exchange

Step 1: Account Creation and Verification

• Visit the OKEX website and create an account by providing personal information and setting up authentication for security.
• To enhance account security, complete the Identity Verification process by submitting government-issued identification documents and a selfie.

Step 2: Deposit Funds

• Method 1: Bank Transfer (SEPA)

  • Initiate a SEPA transfer from a compatible bank account.
  • Provide OKEX with the reference number and amount transferred.

• Method 2: Credit/Debit Card

  • Select the card deposit option and enter the necessary card details.
  • Follow the on-screen instructions to complete the transaction and authorize card payment.

• Method 3: Third-Party Platforms (MoonPay, Simplex)

  • Choose a third-party provider and follow the specific instructions provided.
  • Complete the KYC (Know Your Customer) verification if prompted by the provider.

Step 3: Purchasing Cryptocurrencies

• Method 1: Spot Trading

  • Navigate to the trading page for the desired crypto pair and enter the amount to purchase.
  • Choose between a Limit Order (set a specific price) or a Market Order (execute at current market price).

• Method 2: Convert Feature

  • Select the 'Convert' tab on the exchange platform.
  • Input the amount and type of cryptocurrency to purchase.
  • Confirm the conversion details and execute the transaction.

Frequently Asked Questions (FAQs)

• Q: Are there fees associated with deposits and withdrawals?

  • Yes, there are varying fees depending on the chosen deposit and withdrawal methods. Refer to the OKEX fee schedule for details.

• Q: Which cryptocurrencies can I purchase on OKEX European Exchange?

  • The exchange supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Ripple, and many more. The full list is available on the OKEX website.

• Q: Can I withdraw fiat currency from the exchange?

  • Yes, you can withdraw fiat currency via SEPA bank transfer or other supported methods. However, the availability of fiat currency withdrawals may vary depending on your region.

• Q: What if I encounter problems during the deposit or purchase process?

  • Contact OKEX customer support through the 24/7 live chat or raise a ticket for assistance. They can guide you through the troubleshooting process.