Depositing Chinese yuan (RMB) into your digital asset account is a crucial first step for anyone looking to trade cryptocurrencies in the Chinese market. OKX, one of the world’s leading cryptocurrency exchanges, offers a seamless and secure way to fund your account using RMB through stablecoin purchases like USDT. This guide walks you through the entire process—from registration and identity verification to buying USDT and trading major cryptocurrencies like Bitcoin.
Whether you're new to crypto or expanding your trading platform options, understanding how to deposit RMB on OKX efficiently can help you get started quickly and safely.
Registering Your OKX Account
Before you can deposit RMB or trade any digital assets, you’ll need to create an account on OKX.
- Visit the official OKX registration page.
- Enter your email address and proceed to the next step.
- Input your mobile number with country code +86 (for mainland China).
- Verify both your email and phone number using the sent codes.
- Select “China” as your residence country.
- Create a strong password that includes uppercase letters, lowercase letters, numbers, and special characters.
Once completed, your account will be active and ready for use.
👉 Discover how easy it is to start trading with just a few clicks.
Completing Identity Verification (KYC)
To comply with global regulatory standards and enhance security, OKX requires all users to complete Know Your Customer (KYC) verification before trading.
- Log in to your OKX app or website.
- Navigate to the Verification section.
- Choose Mainland China as your region and ID Card as your document type.
- Manually enter your full name and ID number accurately.
- Upload clear photos of both the front and back of your ID card.
- Complete facial recognition by following the on-screen instructions.
Verification typically takes only a few minutes and unlocks higher withdrawal limits and full access to trading features.
Downloading the OKX App for Mobile Access
For a smoother experience, especially when making time-sensitive trades, using the OKX mobile app is highly recommended.
- Android Users: Open any browser and scan the official QR code from the OKX site to download the APK directly.
- iOS Users: Since OKX isn't available on the Chinese App Store, switch to a non-Chinese Apple ID (e.g., Hong Kong or U.S.) to search and download "OKX" from the App Store.
After installation, log in with your registered credentials to begin managing your portfolio on the go.
Buying USDT with RMB via P2P Trading
OKX does not support direct RMB deposits, but you can easily purchase USDT (Tether), a USD-pegged stablecoin, using RMB through its Peer-to-Peer (P2P) trading system.
Steps to Buy USDT:
- Open the OKX app or website and go to Buy Crypto > P2P Trading.
- Select Buy USDT and choose CNY as your fiat currency.
- Browse available sellers and filter by payment method—Alipay, WeChat Pay, or bank transfer are common options.
- Choose a reputable seller with high completion rates and positive feedback.
- Enter the amount of USDT you want to buy.
- Click Buy USDT, then confirm the order details.
- Transfer the RMB amount to the seller’s designated account within the time limit.
- After payment, click I have paid—the seller will release the USDT to your account upon confirmation.
Your purchased USDT will appear in your Funding Account under Assets within minutes.
👉 See how fast you can convert RMB into digital assets today.
Trading Cryptocurrencies Using USDT
Once you have USDT in your wallet, you can use it to trade a wide range of cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and more.
Example: Buying Bitcoin with USDT
- Go to the Markets tab or use the search bar at the top.
- Search for BTC/USDT trading pair.
- On the trading interface, select Market Order for instant execution.
- Enter the quantity of BTC you wish to purchase or set a spending amount in USDT.
- Tap Buy BTC to execute the trade.
The purchased Bitcoin will be credited instantly to your spot wallet.
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Frequently Asked Questions (FAQ)
Can I deposit RMB directly into my OKX account?
No, OKX does not accept direct RMB deposits due to regulatory policies. However, you can use the P2P marketplace to buy USDT with RMB via third-party sellers using Alipay, WeChat Pay, or bank transfers.
Is it safe to buy USDT using P2P on OKX?
Yes, OKX’s P2P platform includes an escrow system that holds the seller’s USDT until you confirm payment. Always choose sellers with high ratings and trade volumes for added security.
Do I need to complete KYC to buy USDT?
While you can view listings without verification, completing KYC is required to place orders and unlock full functionality, including higher trading limits and withdrawal capabilities.
What payment methods are supported for RMB purchases?
Most sellers accept Alipay, WeChat Pay, and bank transfers. Some may also support digital wallets or other local payment solutions.
Can I sell USDT back to RMB later?
Absolutely. You can reverse the process by going to P2P Trading, selecting Sell USDT, choosing a buyer, receiving RMB via their specified method, and releasing the coins after confirmation.
Is the OKX app accessible in mainland China?
While OKX complies with local regulations and restricts certain services in mainland China, users can still access global features through international versions of the app. Ensure compliance with local laws when using digital asset platforms.
👉 Start converting your RMB into global digital assets now.
Final Thoughts
Using RMB to fund your crypto journey on OKX is simple and secure when following the correct steps. By registering an account, completing identity verification, downloading the mobile app, and leveraging P2P trading to buy USDT, you gain access to a vast ecosystem of cryptocurrencies and advanced trading tools.
With intuitive navigation, robust security measures, and real-time market data, OKX empowers Chinese-speaking users to participate in the global blockchain economy confidently.
Remember to always prioritize security—use two-factor authentication (2FA), avoid sharing personal information, and only trade with trusted counterparties on P2P markets.
Now that you know how to deposit RMB on OKX effectively, you're ready to take control of your digital financial future.