Image for post
Image for post

How to Get Started with OKEx: Everything You Need to Make the Most of It

The Best One-Stop Exchange in Space

If you’re looking at getting started with cryptocurrency but you’re not entirely sure how to do it OKEx is a great option. With this service you’re going to have what’s considered the best one-stop exchange out there. And that’s in the entire world. They have a whole lot of features and options and you’ll learn a great deal about the entire process too. But of course, you have to create an account and get started in order to reap all of those benefits. So let’s take a look.

Registering an Account

If you want to get started with OKEx the first thing you need to do is visit their website. You can do that at https://www.OKEx.com/. Once you’re there, you’ll see the option to sign up right at the top of the page. Of course, if you’d rather you can take a look at some of their other information and offerings before you decide to sign up.

On the home page you’ll find information about promotions, what’s happening in the market and what kind of things you’re going to get with OKEx. You’ll also see some of the benefits and more. That way you can make sure that this is really the service that you want to get. And then, once you’re ready to sign up, you’ll have plenty of options to do it.

Signing up starts with creating an account, which requires an email address and a password. You can set any password that you want but make sure that it’s going to be secure. You don’t want anyone else to be able to get access to your account. Then, make sure you send your information to the right email address.

You’ll select to get a code once you’ve put in this information and you’ll need to go to your email in order to get it. There will be a six-digit code sent to your email and you’ll need that to verify that you’re creating an account. Don’t do this too early, however as you only get 60 seconds to put the code in and verify.

Image for post
Image for post

Set Your Preferences

Now you’ll have the option to let the system know if you are a new user or an experienced one. This will help you get all of the information that you need and will make sure that you are helped as much as possible. You get to pick the box you want and just like that you’re ready to start using your account. Of course, you’ll need to have a way to buy and sell so you’ll need currency added in or you’ll have to purchase some.

You can also take the time to add additional security measures through the ‘security settings’ section of the account. There are options for your password as well as Google Authenticator, two-factor authentication, mobile verification and anti-phishing codes. You can choose any combination of these or even all of them to secure your account.

While you set up your preferences you will also want to select your preferred language and local currency. This makes it easier for you to navigate the system and to get any of the information that you might need. You can even set up your own color scheme for trading information so it’s easier for you to understand and quickly recognize.

Add Funds to Your Account

If you already have cryptocurrency you can easily add it to your account. All you need to do is go to your account and select ‘assets.’ From there, you can choose to ‘deposit’ and select the type of cryptocurrency you would like to put into your account. There are plenty of different choices from the most popular coins to even stablecoins and more.

From there, you’ll get a deposit address that you can copy and paste into your chosen wallet. There’s even a QR code if you can use QR to set up your transfer. Then, you start the deposit process and your currency will be available in your OKEX account whenever you’re ready to use it.

Image for post
Image for post

Take Funds From Your Account

What if you want to remove funds? Well, that’s an easy process too. You navigate to the ‘assets’ menu and then select ‘withdraw.’ From there you’ll be able to choose between any of the tokens that you have available in your account. You can then copy the address of your wallet into the account to start the transfer process.

Buy or Sell Funds With Your Account

If you’re ready to buy funds you can easily navigate to the ‘buy/sell’ section from the main menu. You’ll see all of the different currencies that are supported both for purchase and for selling. That way you can choose the currency that you want to use. And you can use several different types of payment methods to get there.

Choose what you want to buy or what you want to sell and how you’re going to do it. You’ll need to put the account information in if you want to buy with a different payment method or to set up something on file. Make sure you have a method that works with the OKEx system.

Fiat Gateway

Within the buying process of OKEx, we also need to take a closer look at the fiat gateway. This is actually a great option for those who are just getting started with cryptocurrency and don’t have any of their own yet. You can still jump right in with OKEx. You just need to have one of the 30 fiat currencies that are approved for use with OKEx. And those currencies can come in a number of different forms, including Apple Pay, your favorite credit card and a whole lot more.

Once you set up your fiat payment method you’ll be able to buy your first cryptocurrency and get started with buying, selling and trading in no time. And you can do all of it straight through OKEx. You don’t need to have a separate wallet first or go through a different system to get there.

Trading With Your New OKEX Account

Are you ready to start the trading process? It doesn’t have to be as difficult as you might think. You just need to walk through a few simple steps that will get easier every time that you do them. We’re going to take a look at trading cryptocurrency through the Spot Trading market.

You need to make sure that you have cryptocurrency in your account and then you can transfer it to what’s called the ‘spot account.’ You need to do this by selecting ‘assets’ and then ‘transfer.’ You’ll be able to choose the coin or token that you want to transfer but you can also see all the information you need like the available balance, so you transfer the right amount.

Next, you go into the Spot Trading market through the ‘trade’ menu. You can choose basic or advanced options when you’re ready to get started. If you want to get even more charting and historical data you should select ‘advanced.’ If you want things to be a little more simplified then choose ‘basic.’

You’ll get all of the information that you need to make a decision either way. Then you can look at different market pairs to see which one you are interested in. Evaluate the information about the market and you can choose where you want to start your trade.

Image for post
Image for post

Once you’ve decided on a trade you want to make you can select the trade and enter the amount of currency that you’re going to put up into the ‘amount’ field next to the pricing info. You will already have selections in place for ‘limit’ on the order type (which ensures your trade is made only for the amount you see at that time or something better.

You’ll see the price for the other currency that you’re getting and you can even check out the order book to see what’s happening in the market at that time. You can select your desired price and then how much you want to buy for that price. Finally, you can submit your order and buy the new currency. If you have enough in your account the trade will be submitted.

Your trade will sit open until it’s filled or until you choose to cancel it. So, you can wait and see what happens or log out and come back later. You can do this through your ‘open orders’ or ‘order history. You’ll be able to see where the coins and tokens are if your trade does complete in your Spot Account. Then you can choose to transfer it to another account or withdraw it.

OKEx also offers demo trading which helps beginners or advanced traders to practice trading skills or test their strategies without risks of losing real money.

Image for post
Image for post

Referring New Users

If you’re already trading with OKEx or even if you’re just getting started you’re still going to want to know about the referral program. This program allows you to earn different types of rewards and even commission when you bring other people into the system. What could be better than getting something for nothing, after all?

If you create an account you can send information and a referral link to whoever you want. Then, you can earn some additional funds by them doing three different things. In fact, even doing one thing will give you a little bit but you can earn up to $30 in rewards if they buy, deposit and trade.

Once your referral makes an account they need to buy, deposit or trade (or preferably all three) for you to get anything. First, if they buy at least $100 worth of crypto in their first order you’ll get $10 in BTC. Then, if they deposit at least $100 in their first deposit you’ll get $10 USDT in a rebate card. And if they finish each of the trading milestones they’ll get $50 in BTC and you’ll get $10 in BTC.

The people that you refer are also going to be eligible for some bonuses. For example, they will get that $10 in BTC when they purchase at least $100 of crypto in their very first order. They will also get a USDT rebate card worth $20 from that first deposit of $100 or more crypto and they will get $50 in BTC if they finish level 2 of the KYC verification and complete their trading tasks.

Image for post
Image for post

The Affiliate Program

Now, if you really want to make some more money you can join the affiliate program for OKEx. You won’t be able to refer people the standard way, but you can absolutely make some good money with this program. You just need to sign up and you can get all of the different benefits.

You’ll be able to get free Bitcoin as well as up to 30% commission on trades that your referred users are making. Now, in order to qualify for this program, you need to have at least 10 invited friends who have gone through at least the first task in the rewards home page. Then you could become an affiliate.

You’ll also get things like additional support, airdrops, AMA sessions, invitations to conferences and annual events and even special gifts and offers. All of this allows you to get a whole lot of bonuses and benefits that you wouldn’t be able to get any other way.

Image for post
Image for post

If you’re looking to get started with cryptocurrency trading you really can’t go wrong with OKEx. It’s a great service that lets you do everything all in one. And you can buy, sell and trade in a number of different currencies. Not only that but it offers the option for fiat currencies, which is something you’re not going to get with a lot of other systems.

If you’re new to the process you’ll also have the ability to jump right in and learn what you need to know. And if you’re already experienced there’s plenty of advanced information. So you’re getting the best of everything here.

Happy trading!

Featured image credit: Shutterstock

Most writers waste tremendous words to say nothing. I’m not one of them.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store