How to buy coins from Dubai OKX cost-effectively

To enjoy cost-effective cryptocurrency purchases from Dubai, register on OKX, verify your identity, fund your account conveniently, explore coins, place buying orders, and utilize bank transfers, avoiding market orders and the futures market while capitalizing on promotions and using buy limit orders.

Oct 21, 2024 at 12:35 am

How to Buy Cryptocurrency Cost-Effectively on OKX from Dubai

1. Pre-register for Free:

Visit the OKX website or download the mobile app. Create a free account with your email address and mobile number.

2. Verify Your Identity:

OKX requires KYC verification to ensure security and compliance. Follow the instructions to upload a valid government-issued ID and a selfie. It typically takes a few hours to complete the verification process.

3. Fund Your Account:

OKX allows several convenient funding options for Dubai users:

• Bank Transfer (AED): Make a bank transfer from any UAE bank to OKX's local partner bank account.
• Visa/Mastercard: Use your credit or debit card to deposit AED or other supported currencies.
• Cryptocurrency Deposits: Transfer cryptocurrencies such as Bitcoin or Ethereum from an external wallet to your OKX account.

4. Explore Coins:

OKX offers a wide range of cryptocurrencies, including Bitcoin, Ethereum, Solana, and more. Use the search bar or browse the coin list to find the one you want to buy.

5. Place an Order:

Choose the trading pair (e.g., BTC/AED) and select a buying order type:

• Market Order: Buy at the current market price.
• Limit Order: Set a specific price at which the order will execute.

Enter the amount you want to buy and click "Buy."

6. Track Your Purchase:

After placing an order, you can track its status on the "Orders" page. When the order is filled, the purchased coins will be credited to your OKX account.

Cost-Saving Tips:

• Use Bank Transfers: Bank transfers typically have lower fees than card payments.
• Avoid Market Orders: Market orders execute at the best available price, which may be slightly higher than the current market rate.
• Trade on Spot Market: Avoid the Futures market, as futures trading involves complexities and higher fees.
• Take Advantage of Promotions: OKX offers various promotions and events to reduce trading costs. Check the OKX website or official social media channels for these opportunities.
• Consider Buy Limit Orders: By setting a buy limit order below the current market price, you can potentially buy your desired coins at a lower price.

By following these steps and implementing the cost-saving tips, you can buy cryptocurrency from Dubai on OKX in a cost-effective manner.