Chinese investors can legally use OKX (formerly OKEx), one of the most popular cryptocurrency exchanges serving mainland users. The platform offers multilingual support, diverse trading pairs, and beginner-friendly features while complying with local regulations. This guide details the account setup and trading process.
Step 1: Downloading the OKX App
For Android Devices:
- Scan the official QR code using your mobile browser
- Download the APK directly from OKX's global website
For iOS Users:
- Create an overseas Apple ID (Hong Kong/Singapore region recommended)
- Sign in to App Store with the new ID
- Search "OKX" to install the app
Step 2: Account Registration
- Open the app → Tap "Register/Login" → Select "Sign Up"
- Enter your email address
- Verify the email via confirmation code
- Complete SMS authentication with a +86 number
- Set a secure password (combination of uppercase, lowercase, numbers, and symbols)
Step 3: Identity Verification (KYC)
- Log in → Click "Complete Verification"
- Select China as your country
- Choose "ID Card" as document type
- Upload clear photos of both sides of your ID card
- Complete facial recognition
Processing typically takes <30 minutes. Higher verification levels enable greater withdrawal limits.
Step 4: Purchasing USDT
- Navigate to "Buy Crypto" → "Express Buy"
- Select USDT as the currency
- Choose payment method (Alipay/bank transfer supported)
- Confirm transaction details
- Transfer RMB to the seller and mark payment as completed
USDT serves as the stablecoin bridge between fiat and other cryptocurrencies.
Step 5: Trading Cryptocurrencies
Buying BTC/USDT:
- Search "BTC" in the trading section
- Select BTC/USDT trading pair
- Choose market order type
- Enter purchase amount
- Confirm transaction
Selling:
Follow the same process, selecting "Sell" instead. Prices update in real-time with 0.08% spot trading fees for makers/takers.
Security Best Practices
- Enable two-factor authentication (2FA)
- Whitelist withdrawal addresses
- Regularly update login credentials
- Verify all deposit/withdrawal memo tags
FAQ
Is OKX legal in China?
While cryptocurrency trading isn't officially recognized, Chinese users can access OKX's international platform for derivative products. Spot trading remains restricted for mainlanders.
What are OKX's trading fees?
Fee schedules vary by product:
- Spot Trading: 0.08% (0.10% without OKB holdings)
- Futures: 0.02% maker / 0.05% taker
- Earn products: No management fees
How to contact OKX support?
24/7 live chat available in-app. Average response time: <3 minutes for verified accounts.
👉 Explore OKX's trading features
This guide covers the essential processes while emphasizing security measures and compliance awareness. Always conduct independent research before trading cryptocurrencies.