Navigating the world of cryptocurrency can be overwhelming, especially when it comes to funding your account. For users in mainland China or those looking to deposit Chinese Yuan (CNY) into a trusted digital asset platform, OKX stands out as one of the most reliable and user-friendly exchanges. This guide walks you through the complete process of depositing CNY onto OKX—securely and efficiently—so you can start trading USDT, Bitcoin, and other major cryptocurrencies with confidence.
Whether you're new to crypto or transitioning from another exchange, this step-by-step tutorial ensures clarity at every stage: from account creation and identity verification to purchasing your first USDT and trading Bitcoin.
Step 1: Register an OKX Account
Before you can deposit or trade, you’ll need to create an account on OKX.
- Visit the official OKX registration page via a secure link.
- Enter your mainland China mobile number and proceed.
- Input the 6-digit verification code sent to your phone.
- Select “China” as your country/region.
- Create a strong password that meets security requirements (uppercase, lowercase, numbers, special characters).
- Click “Next” to complete registration.
👉 Get started securely and begin your crypto journey today.
While some third-party sites promote referral codes for fee discounts, always ensure you're using only official channels to protect your personal information and comply with local regulations.
Step 2: Download the OKX App
The OKX mobile app offers enhanced functionality, real-time trading alerts, and faster access to deposits and withdrawals.
- For Android users: Use your mobile browser to scan the official QR code on the OKX website and download the APK directly.
For iOS users: Due to regional app store restrictions, you may need to:
- Create an Apple ID registered outside of mainland China (e.g., Hong Kong or Singapore).
- Log out of your current Apple ID in the App Store settings.
- Sign in with the non-mainland ID.
- Search for “OKX” and download the official app.
Once installed, log in with your registered credentials to access full trading features.
Step 3: Complete Identity Verification (KYC)
To enable CNY deposits and increase trading limits, identity verification is required.
- Open the OKX app and go to Profile > Verification.
- Choose “China” as your residence and “ID Card” as the document type.
- Select manual entry for personal details.
- Enter your full name and national ID number accurately.
- Upload clear photos of both the front and back of your ID card.
- Complete facial recognition by following on-screen prompts.
Ensure all information matches your official documents exactly—any discrepancies may result in failed verification.
This Know Your Customer (KYC) process enhances account security and complies with global anti-money laundering standards, making your transactions safer across platforms.
Step 4: Enhance Account Security
Protecting your digital assets starts with securing your account.
Go to Profile > Security Center and enable the following:
- Phone Number Binding: Confirm your mobile number for login alerts and recovery.
- Email Binding: Link a valid email address for notifications and two-factor authentication (2FA).
- Authenticator App Setup: Use Google Authenticator or similar apps for time-based one-time passwords (TOTP).
These layers significantly reduce the risk of unauthorized access and are essential before handling any funds.
Step 5: Buy USDT Using CNY (Fiat On-Ramp)
OKX supports multiple fiat-to-crypto gateways. Here's how to buy Tether (USDT) using CNY:
- From the homepage, tap “Buy Crypto” > “Quick Buy”.
- Select CNY as your fiat currency and enter the amount you wish to spend.
- Choose USDT as the cryptocurrency.
- The system will display the estimated USDT amount based on current rates.
- Select your preferred payment method (e.g., bank transfer, Alipay, WeChat Pay—availability depends on region and compliance).
- Scan the provided QR code or follow instructions to send payment to the merchant.
- After completing the transfer, click “I have paid” to notify the seller.
- Once confirmed, USDT will be credited to your funding account.
This peer-to-peer (P2P) model connects buyers and sellers directly while offering escrow protection for both parties.
Step 6: Transfer Funds & Trade Bitcoin
With USDT in your wallet, you're ready to trade major cryptocurrencies like Bitcoin.
Transfer USDT to Your Trading Account
- Go to Assets > Fund Transfer.
Select:
- From: Funding Account
- To: Trading Account
- Currency: USDT
- Amount: Enter desired amount or select “Max”
- Confirm the transfer.
Start Trading BTC/USDT
- Return to the homepage and tap “Trade” > “Spot” (also known as “Coin-to-Coin” trading).
- Search for BTC/USDT in the market list.
Under the order panel:
- Choose Market Order to buy instantly at the best available price.
- Adjust the purchase amount using the slider under “Amount.”
- Tap “Buy BTC” to execute the trade.
Your Bitcoin will appear in your trading account immediately after execution.
Why Trade USDT Instead of Direct CNY?
While direct CNY trading pairs are limited due to regulatory policies, USDT serves as a stable bridge currency. As a USD-pegged stablecoin, it maintains price stability and allows seamless entry into volatile markets like Bitcoin and Ethereum without leaving the exchange ecosystem.
👉 Discover how stablecoins can simplify your trading strategy and reduce volatility risks.
Frequently Asked Questions (FAQ)
Q1: Can users from mainland China deposit CNY on OKX?
Yes, users from mainland China can register and verify their accounts on OKX. While direct bank integrations may vary, CNY deposits are commonly made via P2P trading using supported payment methods like WeChat Pay or Alipay.
Q2: Is it safe to upload my ID for verification?
OKX uses end-to-end encryption and follows strict data privacy protocols. Uploading identification is standard practice across regulated exchanges and is necessary for security, withdrawal permissions, and compliance.
Q3: Why can’t I find OKX in the Chinese App Store?
Due to regional digital asset regulations, OKX is not listed in mainland China’s App Store. Users typically download the app via official websites or use non-mainland Apple IDs to access it on iOS devices.
Q4: Are there fees for buying USDT with CNY?
P2P trades on OKX generally have no transaction fees, but prices may include small premiums set by individual sellers. Always review the rate before confirming payment.
Q5: What should I do if my payment isn’t recognized?
If a seller doesn’t release funds after payment:
- Do not contact them outside the platform.
- Open a dispute within the OKX P2P interface.
- Provide proof of transfer (screenshot or receipt).
Support will mediate based on evidence.
Q6: Can I withdraw CNY back to my bank account?
Yes—through P2P selling. You can list USDT for sale in exchange for CNY, receive funds via bank transfer or mobile payment, and complete withdrawals following standard procedures.
Final Tips for New Traders
- Start small: Test the process with a low-value transaction before scaling up.
- Monitor market trends: Use OKX’s built-in chart tools and price alerts.
- Never share login details or 2FA codes.
- Regularly review active orders and transaction history.
By mastering these foundational steps—registration, verification, depositing CNY, buying USDT, and trading Bitcoin—you position yourself for long-term success in digital asset investing.
👉 Take control of your financial future—start trading securely on a trusted global platform.