Buying cryptocurrency often starts with acquiring a stablecoin like USDT (Tether), which offers stability by being pegged to the US dollar. For beginners, navigating exchanges can be overwhelming—especially when it comes to registration, verification, and making your first purchase. This guide walks you through the entire process of buying USDT with fiat currency on OKX, becoming an OTC merchant (U-merchant), earning referral commissions, and purchasing other major cryptocurrencies—all in a secure and beginner-friendly way.
Whether you're new to crypto or looking to expand your income streams, this step-by-step tutorial ensures you avoid common pitfalls and maximize opportunities on one of the world’s leading digital asset platforms.
👉 Start your crypto journey today with a trusted global exchange.
Step 1: Register and Log In to OKX
Before buying any cryptocurrency, you’ll need an account on a reliable exchange. OKX is one of the most popular platforms for trading and earning in the crypto space, offering support for fiat deposits, peer-to-peer (P2P) trading, and advanced financial tools.
To get started:
- Visit the official OKX website and sign up using a referral link that enables bonus rewards and commission eligibility.
- After registration, download the OKX mobile app for full access to features like blind box bonuses, real-time notifications, and P2P trading.
Once registered, make sure to complete your profile setup and securely store your login credentials.
Step 2: Download the OKX App and Claim Your Bonus
The OKX mobile app enhances user experience with added security, faster transactions, and exclusive promotions.
New users who download the app and enter the correct invite code during registration may qualify for special incentives such as:
- Blind box rewards (ranging from $1 to $20 in value)
- Instant access to P2P trading
- Early access to new token listings and staking opportunities
Make sure to input the correct referral code at sign-up to unlock these benefits—missing this step could mean missing out on free rewards.
👉 Download the OKX app now and claim your welcome bonus.
Step 3: Complete KYC Verification
To comply with global regulations and enhance account security, OKX requires users to complete Know Your Customer (KYC) verification.
This process typically involves:
- Uploading a government-issued ID (e.g., passport or national ID card)
- Providing proof of address (such as a utility bill or bank statement)
- Taking a live selfie for identity confirmation
KYC not only unlocks higher withdrawal limits but also allows participation in OTC trading, margin trading, and commission-based programs.
Step 4: Deposit Fiat Currency (CNY/RMB)
After completing KYC, you can deposit fiat money into your OKX account. The platform supports multiple deposit methods, including:
- Bank transfer
- Alipay
- WeChat Pay
To deposit:
- Navigate to the "Deposit" section in your wallet.
- Select CNY or RMB as your currency.
- Choose your preferred payment method.
- Follow the on-screen instructions to complete the transfer.
Deposits are usually processed quickly, allowing you to begin trading within minutes.
Step 5: Buy USDT Using C2C or Quick Buy
With funds in your account, you're ready to buy USDT.
OKX offers two easy options:
Option A: C2C (Peer-to-Peer) Trading
- Go to "Buy Crypto" > "C2C Trading"
- Select RMB to USDT
- Choose a seller with high ratings and fast response times
- Enter the amount (start small—e.g., ¥10—to test the process)
- Confirm payment after transferring funds via your chosen method
- Wait for the seller to release USDT to your wallet
All trades are escrow-protected, meaning OKX holds the USDT until both parties fulfill their obligations—ensuring safety for buyers and sellers alike.
Option B: Quick Buy
For instant purchases:
- Use the "Quick Buy" feature
- Select USDT and enter the RMB amount
- Complete payment through a third-party gateway
- Receive USDT directly in your spot wallet
Both methods are secure and ideal for beginners.
Frequently Asked Questions (FAQ)
Q: What is USDT and why should I buy it first?
A: USDT (Tether) is a stablecoin pegged 1:1 to the US dollar. It minimizes volatility, making it a safe entry point for buying other cryptocurrencies like Bitcoin or Ethereum.
Q: Is it safe to buy USDT on OKX?
A: Yes. OKX uses escrow protection in P2P trades, meaning funds are held securely until both parties complete their obligations. Always trade with highly rated merchants.
Q: Why do I need KYC to buy crypto?
A: KYC helps prevent fraud, money laundering, and unauthorized access. It also unlocks higher trading limits and advanced features on most exchanges.
Q: Can I buy crypto without ID verification?
A: Limited purchases may be possible without KYC, but full functionality—including large transfers and OTC trading—requires identity verification.
Q: How long does a C2P trade take?
A: Most transactions are completed within 15–30 minutes, depending on how quickly the buyer sends payment and the seller confirms it.
How to Become a U-Merchant and Earn Passive Income
One of the best ways to earn on OKX is by becoming a U-Merchant (OTC trader). As a merchant, you can buy and sell USDT directly to other users and earn profits from price spreads and trading volume.
Requirements to Become a U-Merchant:
- Completed KYC Level 2
- Minimum account age and trading history
- Ability to provide liquidity (some merchants start with $10,000 equivalent in assets)
Steps to Apply:
- Log in to your OKX account
- Go to C2C Trading > Become a Merchant
- Submit required documents and application details
- Pay a security deposit (ensures trustworthiness)
- Get approved and start listing buy/sell offers
Merchants enjoy benefits such as:
- Lower transaction fees
- Higher visibility in P2P markets
- Direct control over pricing
With consistent activity, earning 100 USDT per month is achievable—even more with high-volume trading.
👉 Turn your crypto knowledge into income—start trading as a verified merchant today.
Earn Commission by Referring Others
You don’t need to be a merchant to earn. OKX offers a referral program that lets you earn passive income just by inviting others.
Here’s how it works:
- Share your unique referral link
- When someone signs up and trades, you earn a percentage of their transaction fees
- Commission rates range from 10% to 40%, depending on performance tiers
Example:
If you refer 5 people, each trading 100,000 USDT monthly at 0.1% fee, your monthly earnings would be:
5 × 100,000 × 0.1% × 20% = 100 USDT
And since commissions are lifetime-based, every trade they ever make generates income for you.
How to Buy Other Cryptocurrencies
Once you have USDT, you can trade it for virtually any digital asset on OKX.
Popular Options:
- Bitcoin (BTC) – The original cryptocurrency
- Ethereum (ETH) – The foundation of decentralized apps
- Dogecoin (DOGE) – A fun, community-driven coin
Steps to Trade:
- Go to the Spot Trading page
- Search for the trading pair (e.g., DOGE/USDT)
- Enter the amount you want to buy
- Review price, fees, and total cost
- Click “Buy” and confirm
Your purchased coins will appear instantly in your wallet.
Final Tips for Safe and Successful Trading
- Always double-check wallet addresses before sending funds
- Enable two-factor authentication (2FA)
- Start with small trades to learn the system
- Stay updated on market trends and regulatory changes
Crypto investing carries risk—only invest what you can afford to lose.
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By following this guide, you’ll be well-equipped to navigate OKX confidently—whether you’re buying your first USDT or building a passive income stream through referrals and OTC trading.