How to sell Bitcoin in Dubai OKX

Selling Bitcoin in Dubai is a straightforward process with OKX, involving transferring BTC to your spot wallet, placing a sell order, and withdrawing the proceeds to your desired destination.

Oct 22, 2024 at 04:12 am

How to Sell Bitcoin in Dubai on OKX

Selling Bitcoin (BTC) in Dubai on OKX, one of the world's leading cryptocurrency exchanges, involves several simple steps:

1. Open an OKX Account

• Visit the OKX website or download the mobile app.
• Click "Sign Up" and follow the instructions to create your account.
• Verify your identity through KYC to unlock full functionality.

2. Transfer BTC to Your Spot Wallet

• If your BTC is held on an external wallet, you need to transfer it to your OKX spot wallet.
• Click "Assets" > "Spot Account" > "Deposit" > select "Bitcoin" and provide the wallet address.
• Send your BTC from the external wallet to the provided address.

3. Place a Sell Order

• Navigate to the "Markets" tab and select the BTC/USDT trading pair.
• Click "Sell" and choose between "Limit Order" (set a specific price) or "Market Order" (sell at the current market price).
• Enter the amount of BTC you want to sell and click "Sell."

4. Withdraw Funds

• Once your BTC has been sold, you can withdraw the USDT proceeds to your bank account or other desired destination.
• Click "Assets" > "Spot Account" > "Withdraw" > select "USDT."
• Provide the necessary details (e.g., bank account, amount) and complete the withdrawal process.

5. Receive Payment

• You will receive the USDT funds in your designated account within the specified time frame.

Additional Tips:

• Consider the market price of BTC when placing your sell order to optimize your profit.
• Use limit orders if you want to sell at a specific price rather than the current market rate.
• OKX offers competitive fees and high liquidity, making it an ideal platform for trading BTC in Dubai.