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How to trade in Dubai OKX trading account

To initiate trading on OKX in Dubai, it is crucial to first establish a trading account by providing personal details and completing the Know Your Customer (KYC) verification process.

Oct 19, 2024 at 09:30 am

How to Trade on OKX in Dubai

1. Create an OKX Trading Account

Visit the OKX website: https://www.okx.com
Click "Sign Up" and fill in the required details: email, phone number, and password.
Complete the KYC (Know Your Customer) verification process by submitting your ID and proof of residence.

2. Fund Your Account

Log into your OKX account and navigate to "Assets" > "Deposit."
Select your preferred deposit method (e.g., bank transfer, credit/debit card, cryptocurrency).
Follow the instructions to initiate the deposit process.

3. Choose a Trading Pair

In the "Markets" section, select the desired trading pair (e.g., BTC/USDT).
The "Buy/Sell" tab will appear on the trading screen.

4. Place an Order

Spot Order:
- Select "Spot" under the "Type" tab.
- Specify the order type (Market, Limit, Stop-Limit).
- Enter the amount and price of the order.
Margin Order:
- Select "Margin" under the "Type" tab.
- Specify the leverage multiplier (2x, 5x, 10x).
- Enter the amount and price of the order.

5. Monitor Your Order

The order book on the trading screen displays the current buy and sell orders.
You can track the status of your order by navigating to "Orders" > "Current Orders."

6. Close Your Position

Once you wish to exit your trade, click "Close" on the order tab.
Enter the amount or percentage of the position you want to close.
Confirm the closing details and execute the order.

Additional Considerations

Trading Fees: OKX charges trading fees for both spot and margin trading.
Trading Limits: OKX may impose trading limits based on your account level.
Security: Ensure you secure your account with strong passwords and two-factor authentication (2FA).
Customer Support: OKX provides 24/7 customer support via live chat or email.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

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