How to trade digital assets on okx

The steps for okx to conduct digital asset transactions: 1. Open the Ouyi APP; 2. Click Transaction at the bottom of the homepage to enter the transaction page, click Transaction again, and select spot trading; 3. After entering the currency pair transaction page, On the buying interface, select the buying method, enter the buying price, quantity/amount, and click Buy BTC; 4. Click the order button at the bottom of the page to see your current and historical orders and other information.

What is cryptocurrency trading?

Most of the digital asset transactions we usually come into contact with use stable coins (such as USDTUSDC, etc.) as the pricing unit to price Bitcoin (BTC), Litecoin (LTC) and other digital currencies. For example, using USDT to When pricing Bitcoin, a BTC/USDT trading currency pair is formed (when one digital currency is used to price another digital currency, a trading currency pair is formed). The price of this trading currency pair represents the purchase price. How many units of USDT do you need to pay to buy 1 unit of BTC, or how many units of USDT can you get from selling 1 unit of BTC.

Through currency transactions, you can complete the exchange between digital currencies, thereby earning profits from buying low and selling high. For example: when using When USDT buys Bitcoin and the Bitcoin market rises, you can use Bitcoin to exchange for more Tether. Assume that when 1BTC is worth 30,000 USDT, you buy 1BTC. When the unit price of Bitcoin rises to 40,000 USDT, sell it. 1BTC can be converted into 40,000 USDT and earn 10,000 USDT. USDT. On the contrary, if the Bitcoin market falls, the same amount of Bitcoins can be exchanged for less Tether, which will result in a loss if sold.

How to conduct currency-to-crypto transactions?

1. Open the Ouyi APP (download address https://www.okx.com/zh-hans), and obtain base currencies such as USDT through [Buy Coins] or [Recharge]. Click the fund transfer button on the transaction page, select the currency USDT to be transferred, enter the transfer amount, and transfer it from the capital account to the trading account.

   
   

2. Click Transaction at the bottom of the homepage to enter the transaction page, click Transaction again, and select spot trading. Click on the trading pair at the top of the page, enter the currency BTC you want to buy in the search box, select the spot, and click on the corresponding currency pair BTC/USDT (if you are already on the current currency pair trading page, ignore this step).

3. After entering the currency pair trading page, on the buying interface, select the buying method, enter the buying price, quantity/amount, and click Buy BTC. The buying method is usually a limit order, which allows you to set the ideal price for purchase. When the order is successfully placed but has not been completed, you can see the order information and cancel the order at any time.

   
   

4. Click the order button at the bottom of the page to see your current orders and historical orders and other information. Click on the order form to view it in detail Information such as the order time, currency pair and trading volume.

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