OKX, formerly known as OKEx, recently underwent a major rebranding to strengthen its position as a leading global cryptocurrency exchange. With the rapid growth of DeFi and decentralized ecosystems (DEC), OKX aims to expand beyond centralized exchanges (CEX) by exploring decentralized trading (DEX) for sustainable growth.
Many investors wonder: Is OKX’s simulated trading feature real money? This guide explains how simulated assets work and provides step-by-step registration instructions.
Can You Register on OKX Exchange?
Yes, OKX is open for registration. The platform employs top-tier security measures to safeguard user assets. Follow these steps to create an account:
Mobile App Registration
- Open the OKX app and click [Register/Login].
- Choose [Phone] or [Email] registration.
- Enter your phone/email, verification code, and set a password.
👉 Secure your OKX account today
Note:
- Binding a phone number is required for trading.
- If SMS verification fails, contact support via email: [email protected] with your ID for assistance.
Web Registration
- Visit the OKX website and click [Register].
- Select phone or email, set a password, and complete verification.
How to Buy Crypto on OKX
New users can utilize the one-click buy feature for instant asset acquisition:
- Log in and navigate to [Buy Crypto] > [Purchase].
- Select your payment method (e.g., USDT) and enter the amount.
- Transfer funds to the seller and confirm completion.
Pro Tip:
- For transactions ≥$10,000, use the bulk trading option for better rates.
Simulated Trading: Real Money or Practice?
OKX’s simulated trading feature allows users to:
- Practice risk-free with virtual funds.
- Test strategies without financial loss.
- Explore market trends using simulated assets.
Key Takeaway: Simulated assets are not real money but a valuable tool for learning.
FAQs
1. Is OKX simulated trading free?
Yes, it uses virtual funds for educational purposes.
2. Can I withdraw simulated profits?
No, simulated assets cannot be converted to real currency.
3. How do I switch to real trading?
Deposit real funds into your OKX wallet after mastering simulated trades.
Conclusion
OKX’s rebranding reflects its ambition to evolve into a Web3-ready ecosystem. While simulated trading isn’t real money, it’s an essential stepping stone for beginners. Whether you’re registering or exploring markets, OKX offers robust tools for every trader.
Final Reminder: Always prioritize security—enable 2FA and verify transaction details.