How to sell coins safely on Dubai OKX

OKX, a renowned cryptocurrency exchange, prioritizes security through account verification, two-factor authentication, and advanced technology to ensure safe coin selling transactions.

Oct 25, 2024 at 03:18 pm

How to Sell Coins Safely on OKX

OKX is one of the largest cryptocurrency exchanges in the world, and it offers a number of features that make it a safe and convenient place to sell coins.

Before we start the step-by-step guide for trading. Here is a brief overview of OKX:

• OKX is a centralized digital asset trading platform launched in 2017.
• Headquartered in Seychelles, Seychelles, OKX is the world's biggest digital asset exchange by trading volume.
• OKX offers a wide range of crypto-related services, including OTC trading, crypto exchange services, perpetual swaps, and more.
• Its native utility token is OKB. OKB is built on OKChain, which is the blockchain developed by OKX to facilitate fast transactions at low cost and to power innovative DeFi, NFT, GameFi, and Metaverse projects.

Here is a step-by-step guide on how to sell coins safely on OKX:

1. Create an OKX account.
2. Verify your account with two-factor authentication.
3. You will have to complete Identity Verification on OKX. Individual users are required to complete Lv.1 Identity Verification.
4. Deposit the coins you want to sell to OKX.
5. Select the coin you want to sell in the Spot Trading section.
6. Check the exchange rates and enter the amount of coins you wish to sell.
7. Review the order details and click on the red "Sell" button.
8. Your order will be placed in OKX's order book and automatically executed when a buyer matches your order.
9. Once your order is executed, the coins you sold will be transferred to the buyer, and the BTC you receive will be credited to your OKX account.

Here are some additional tips for selling coins safely on OKX:

• Use a strong password and enable two-factor authentication to protect your account.
• Research any new coin before you buy it to avoid potential scams.
• Sell your coins in small amounts to reduce your risk.
• Store your BTC in a hardware wallet to further protect them from hackers.

If you have any further questions about how to sell coins on OKX, please contact OKX customer support for more information.