Cryptocurrency trading typically involves two main stages: first converting fiat currency into stablecoins like USDT (pegged 1:1 with the US dollar), then using those stablecoins to trade other digital assets like Bitcoin. This process is commonly referred to as "spot trading" or "coin-to-coin exchange."
This guide will walk you through trading digital assets on OKX using USDT to purchase Bitcoin (BTC), demonstrating the platform's user-friendly trading interface.
Step 1: Fund Your Trading Account
- Open the OKX mobile app (👉 download guide here)
Acquire USDT through either:
- The "Buy Crypto" section
- Direct deposit from another wallet
Navigate to "Funds Transfer" and:
- Select USDT as the currency
- Enter your desired transfer amount
- Move funds from your main account to your trading account
Note: Skip this step if your trading account already has sufficient funds.
Step 2: Select Your Trading Pair
- From the homepage, tap "Trade" → "Spot"
In the trading pair selector:
- Search for "BTC"
- Filter by "Coin-to-Coin" trades
- Select BTC/USDT pair
This step isn't necessary if you're already on the correct trading page.
Step 3: Execute Your Trade
On the BTC/USDT trading interface:
- Order Type: Choose "Limit Order" to set your preferred purchase price
Parameters:
- Enter buy price
- Specify quantity/amount
- Click "Buy BTC" to submit your order
Managing Your Orders
- Active Orders: Visible under "Current Orders" tab
- Order Details: Includes timestamp, trading pair, and fill percentage
- Cancellation: Pending orders can be canceled anytime
FAQ: Spot Trading Essentials
What's the difference between market and limit orders?
Market orders execute immediately at current prices, while limit orders let you set specific price targets.
How long do spot trades take to settle?
Transactions complete instantly once matched with a counterparty order.
Is spot trading safer than derivatives?
Generally yes—you own the actual assets without leverage risks, making it ideal for beginners.
👉 Explore advanced trading options like margin, contracts, and options once you've mastered spot trading.
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