The Most Popular Currency Exchange APP in the World

The Most Popular Currency Exchange APP in the World

The first thing I want to recommend is OKX, the most popular digital currency exchange in the world.

How to deposit and withdraw coins on OKX

1. Open the App homepage, click [Assets] - [Deposit] - [Deposit Digital Currency], for example, select the currency [USDT].

2. Select the deposit network, such as [USDT-OKTC] - [Share Deposit Details] to obtain the deposit address, then open other platforms or wallets and paste the address and complete the operations as required to complete the deposit.

Note: When selecting a deposit network, other exchanges or wallets [withdrawal/withdrawal network] must be consistent with the OKX deposit network, for example, both are USDT-OKTC, otherwise the coins will be lost.

3. Select [Assets] - [Deposit Coin] - [Deposit Digital Currency] and click the icon of the recharge record in the upper right corner to view the corresponding recharge progress.

Note: Some currencies need to fill in a label, such as XRP. The label that needs to be filled in will be marked above the deposit address, usually a string of numbers. When recharging these currencies, the deposit address and label must be filled in, otherwise the coins will be lost. 

1.Withdrawal on the chain

Open the official website, click [Asset Management]-[Withdraw Coin] in the upper right corner, and select the currency [USDT].

Select [On-Chain Withdrawal], select the withdrawal network, take [USDT-TRC20] as an example, click [Next]; enter/paste [USDT Address], [Quantity], click [Next], and verify the withdrawal information. Obtain and enter the relevant verification code as required, click [Confirm] to complete the operation.

Note: When selecting a withdrawal network, other exchanges or wallets [recharge/recharge network] must be consistent with the Ouyi withdrawal network, for example, both are USDT-TRC20, otherwise the coins will be lost.

2. Internal transfer

Open the official website, click [Asset Management]-[Withdraw Coin] in the upper right corner, select the currency [USDT], select [Internal Transfer], and click [Next];

Enter [receipt account] and [quantity], click [Next], and after verifying that the information is correct, obtain and enter the relevant verification code as required, click [Confirm] to complete the operation.

Warm reminder: When withdrawing certain currencies, you also need to fill in a label. The label is usually a string of numbers. For example, for XRP, after filling in the withdrawal address, the following label must also be filled in, otherwise the coins will be lost.

OKX APP download address recommendation

http://ok.b615.com/13/

Popular Questions and Answers

1.What is a limit order?

A limit order means that the user sets the order quantity and the acceptable highest buying price or lowest selling price. When the market price meets the user's expectations, the system will complete the transaction at the best price within the limit price range.

Case: The current BTC market price is 33,000 USDT. If you want to buy at the cheaper 32,900 USDT, you can choose a limit order and set the buying price at 32,900. After placing the order, place the order when the price drops to less than or equal to 32,900 USDT. The order will be automatically filled.

2.What are market orders and limit orders? What's the difference between them?

1. Limit order

A limit order means that the user sets the order quantity and the acceptable highest buying price or lowest selling price. When the market price meets the user's expectations, the system will complete the transaction at the best price within the limit price range.

Case 1: The current BTC market price is 53,000 USDT. If you want to buy at the cheaper 52,900 USDT, you can choose a limit order and set the buying price of 52,900 USDT. After placing the order, when the price drops to less than or equal to 52,900 USDT The order will be automatically filled.

2. Market order

Market order means that the user immediately executes a purchase or sale at the best price in the current market to achieve the purpose of quick transaction.

Case 1: Assume that the latest transaction price of BTC is 53,000 USDT. If the user wants to quickly buy BTC at the market price immediately, he can choose the market price order and fill in the total amount of the order, such as 40 USDT. After placing the order, the order will be executed immediately. . In a rapidly fluctuating market, the transaction price of this price order is not necessarily 53,000 USDT, but the real-time market price, which may be higher or lower than 53,000 USDT.

the difference:

1. For limit orders, you need to manually enter the expected transaction price. For market orders, you do not need to enter the price, and the transaction will be completed quickly according to the market price.

2. The total price of a single market order cannot be greater than 100,000 USDT. If the total price of a single market order is greater than 100,000 USDT, the order will fail.

3. The handling fee will not be frozen when the limit order is not filled, but the handling fee will be frozen when the market order is not filled.