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Must-Read for Beginners: Complete Guide to OKX Registration, Identity Verification, Wallet Setup, and USDT Transfers (2025)
This OKX registration guide shows you how to register, verify your account, set up your wallet, and transfer USDT safely in 2025.
What is OKX?
OKX Exchange is a cryptocurrency trading platform established in 2017, similar to Binance. It was previously called OKEx and later rebranded as OKX. It is one of the earliest crypto exchanges used by mainland Chinese users.
OKX provides spot trading, futures trading, savings and mining products, and a DeFi wallet, supporting over 300 types of digital assets.
It has also launched its own decentralized wallet (OKX Wallet), which supports Web3, NFT, and cross-chain functions. It is currently one of the top-ranked exchanges in terms of trading depth and daily active users.
OKX is one of the world’s leading cryptocurrency trading platforms, supporting spot, futures, savings, NFT, and Web3 wallet functions. It is suitable for both beginners and experienced users.
Is OKX reliable?
OKX was established around the same time as Binance and is one of the early crypto trading platforms. It has already obtained virtual asset operation licenses in several countries.
Licenses currently obtained by OKX:
| Region / Country | License / Regulatory Authority | Description |
|---|---|---|
| European Union (EEA member states) | MiCA License (Malta) | Provides regulated services to users across the EU |
| UAE (Dubai) | VARA VASP License | Offers digital asset trading for qualified local investors |
| Singapore | MAS Major Payment Institution License | Supports fiat-to-crypto exchange and cross-border payments |
| United States | FinCEN MSB Registration, multiple state Money Transmitter Licenses | Fully compliant U.S. local operations |
| Australia | AFS Financial Services License | Provides compliant local trading and financial products |
However, no matter how safe a centralized exchange is, Arthur does not recommend storing large amounts of assets there. It should only be used for daily trading.
For example, if you only need to temporarily purchase some USDT, you can buy it on these platforms and then transfer it out — do not leave a large balance.
Arthur himself does not speculate on cryptocurrencies; he mainly uses these exchanges as an intermediary.
The ultimate purpose is to use platforms like DogPay or CoinPay to use USDT virtual cards for subscriptions such as GPT memberships and other overseas services.
Registering an OKX Account
The registration process for an OKX account is very fast — it can be completed in just a few steps. The main time is usually spent on the verification stage.
How to complete identity verification?
For verification, you can use either your ID card or passport. Arthur used a passport for verification.
If you don’t have a passport, you can directly use your Chinese ID card for verification as well.
Once verified, you can use all the exchange features normally.
Setting up a Web3 Wallet
Opening a Web3 wallet in OKX is very convenient. Simply select the “Exchange” button at the top of the homepage, switch to Web3 Wallet, and follow the steps to create one.
After creating the wallet, it’s best to back it up.
This is very important — once your seed phrase is lost, the wallet and its assets cannot be recovered.
Buying USDT
Similar to Binance, OKX also provides C2C trading services for purchasing USDT. Click “Deposit” on the homepage to enter the C2C trading section.
You can use the quick trade option (which automatically matches merchants), or choose “C2C” to manually select a merchant.
After selecting your payment method, complete the payment, and your funds will be credited to your account within a few minutes.
Wallet Transfers
When transferring funds using the OKX wallet, always make sure not to choose the wrong network, as an incorrect network selection will result in permanent loss of funds.
For beginners, remember these two key points:
- Token type – usually USDT or USDC when transferring between wallets.
- Network – both sender and receiver must use the same network.
Frequently Asked Questions (FAQ)
1. What is OKX?
2. Is OKX safe and reliable?
OKX holds regulatory licenses in multiple countries, including the EU, Dubai, and the U.S., providing strong compliance and security. However, for safety reasons, it’s recommended not to store large amounts of assets on exchanges.
3. Can I buy USDT on OKX?
Yes. OKX supports quick buy and C2C trading, allowing you to purchase USDT easily using bank cards, Alipay, or WeChat.
4. How to withdraw from OKX to a virtual card wallet?
5. Can I register without a passport?
Yes. OKX supports identity verification using a mainland Chinese ID card.
6. What is the purpose of the OKX Web3 Wallet?
The OKX Web3 Wallet allows you to manage your on-chain assets, NFTs, and DeFi operations. Beginners are advised to create one and securely back up the seed phrase.
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