How to sell coins and cash out on Dubai OKX

To sell coins on Dubai OKX, users must first complete the KYC process and then choose a coin to sell, place a sell order, monitor the order's status, and finally withdraw funds using their preferred payment method.

Oct 18, 2024 at 08:48 pm

How to Sell Coins and Cash Out on Dubai OKX

Step 1: Verify Your Identity

Before selling coins on OKX, you must complete the KYC (Know Your Customer) process. This involves submitting personal information, such as your passport or national ID card, as well as a utility bill.

Step 2: Choose a Coin to Sell

OKX supports trading in a wide range of cryptocurrencies. Select the coin you want to sell from the "Markets" page.

Step 3: Place a Sell Order

• Spot Market: To sell at the current market price, click "Sell" and enter the amount you want to sell.
• Limit Order: To sell at a specific price, click "Limit Sell" and enter the price and amount you want to sell.

Step 4: Monitor Your Order

Once you place your sell order, you can track its status in the "Orders" page. When the order is executed, the coins will be sold and the funds will be credited to your OKX account.

Step 5: Withdraw Funds

To cash out your funds, navigate to the "Wallet" page and click on the "Withdraw" tab.

• Select the Currency: Choose the currency you want to withdraw, such as AED.
• Enter Amount: Enter the amount you want to withdraw.
• Choose Payment Method: Select your preferred withdrawal method, such as bank transfer.
• Confirm Withdrawal: Review the details and click "Confirm" to initiate the withdrawal.

Note: Withdrawal fees may apply, depending on the payment method selected.