As digital assets gain mainstream adoption, more people in China are exploring secure and compliant ways to buy, receive, and manage cryptocurrencies like Bitcoin (BTC) and Tether (USDT). While regulatory scrutiny remains high, platforms such as OKX offer a reliable and user-friendly gateway for individuals seeking to enter the crypto space legally and efficiently.
This comprehensive guide walks you through the entire process—from setting up your account and completing verification to purchasing BTC or USDT, receiving transfers, and even selling your holdings. Whether you're a beginner or brushing up on updated procedures for 2025, this step-by-step tutorial ensures clarity, security, and ease of use.
Setting Up Your OKX Account: The First Step
Before buying or receiving any cryptocurrency, you need a trusted exchange account. OKX is one of the most widely used platforms globally, known for its robust security measures, intuitive interface, and support for multiple fiat on-ramps.
👉 Get started with a secure, verified crypto account today.
Step 1: Download and Register on OKX
Begin by downloading the OKX app from the official website or your device’s app store. Once installed:
- Open the app and tap "Sign Up."
- Enter your email address or phone number.
- Create a strong password.
- Complete the captcha verification.
After registration, you’ll receive a confirmation email or SMS. Confirm it to activate your account.
Step 2: Complete Identity Verification (KYC)
To comply with global anti-money laundering (AML) standards and unlock full trading capabilities, identity verification is required.
Here’s how:
- Go to "Profile" > "Verification."
- Choose your country/region and select "Individual Verification."
Upload clear photos of:
- Your government-issued ID (front and back)
- A selfie holding your ID
- Wait for approval—usually within minutes to a few hours.
Once verified, you can deposit fiat currency, increase withdrawal limits, and access advanced trading features.
Buying Bitcoin (BTC) or USDT Using Chinese Yuan (CNY)
Now that your account is set up and verified, it's time to fund it and make your first purchase.
Step 1: Deposit CNY via Local Payment Methods
OKX supports several convenient deposit methods for Chinese users:
- Bank transfer
- Alipay
- WeChat Pay
To deposit:
- Tap "Assets" > "Deposit" > "CNY."
- Select your preferred payment method.
- Enter the amount you wish to deposit.
- Follow the on-screen instructions to complete the transfer.
Most deposits are processed within 5–15 minutes, depending on network traffic and bank processing times.
Step 2: Purchase BTC or USDT in Spot Market
With funds in your account, proceed to buy digital assets:
- Navigate to the "Trade" section.
- Select "Spot Trading."
Search for either:
- BTC/CNY or BTC/USDT pair
- USDT/CNY pair
- Choose "Market Buy" for instant execution or "Limit Buy" to set your desired price.
- Enter the quantity or amount.
- Confirm the transaction.
Your purchased BTC or USDT will appear instantly in your wallet under "Assets."
👉 Start trading Bitcoin and USDT with low fees and fast execution.
Receiving USDT Transfers from Others
One of the most common crypto activities is receiving funds from friends, family, or business partners. Here's how to securely accept USDT transfers on OKX.
Step 1: Generate Your USDT Deposit Address
- Go to "Assets" > "Deposit."
- Search for "USDT".
- Select the appropriate network (e.g., TRON/TRC20 or Ethereum/ERC20)—ensure it matches the sender’s chosen network.
- Copy the generated deposit address (a long string starting with “0x” or “T”).
🔒 Pro Tip: Always double-check the address before sharing. Never reuse old addresses without verifying their validity.
Step 2: Share Your Address Safely
Send the copied address to the sender via a secure channel—avoid public forums or unencrypted messages.
Also share the selected network type (e.g., TRC20), as mismatched networks can result in lost funds.
Step 3: Confirm Receipt
Once the sender initiates the transfer:
- Return to "Assets" > "USDT" > "Transaction History."
- Look for incoming transactions.
- Most USDT transfers settle within 1–5 minutes, especially on TRON.
You’ll receive a push notification when the funds arrive.
Selling BTC or USDT for CNY
When it's time to cash out, OKX makes converting crypto back into Chinese yuan simple and secure.
Step 1: Sell Crypto via Spot Trading
- Go to "Trade" > "Spot."
Select the trading pair:
- BTC/USDT → Sell BTC for USDT first (if needed)
- USDT/CNY → Convert USDT directly to fiat
- Choose "Market Sell" for immediate execution.
- Enter the amount and confirm.
Step 2: Withdraw CNY to Your Bank Account
After selling:
- Tap "Assets" > "Withdraw" > "CNY."
- Link your bank account if not already done.
- Enter withdrawal amount and confirm identity.
- Submit request.
Processing typically takes within 24 hours, subject to bank policies.
Frequently Asked Questions (FAQ)
Q: Is it legal to buy Bitcoin or USDT in China in 2025?
A: While China bans financial institutions from handling cryptocurrency transactions, individuals are not explicitly prohibited from owning or trading digital assets. Using international platforms like OKX for personal investment remains a common practice, provided users comply with local regulations and avoid illegal activities.
Q: Which network should I use when receiving USDT?
A: For low fees and fast confirmations, TRC20 (Tron network) is recommended for CNY-based transfers. Always confirm with the sender which network they’re using to prevent irreversible loss.
Q: Can I use Alipay or WeChat Pay to buy crypto on OKX?
A: Yes! OKX supports peer-to-peer (P2P) trading with Alipay and WeChat Pay as payment methods, allowing seamless CNY deposits through trusted sellers.
Q: How safe is OKX for storing crypto?
A: OKX employs military-grade encryption, cold wallet storage (95% of assets), two-factor authentication (2FA), and regular third-party audits—making it one of the safest exchanges available.
Q: What happens if I send USDT to the wrong address?
A: Cryptocurrency transactions are irreversible. Always verify addresses carefully before confirming. If funds are sent incorrectly, recovery is unlikely unless the recipient voluntarily returns them.
Q: Do I need to pay taxes on crypto gains in China?
A: Tax enforcement varies, but capital gains from crypto trading may be subject to personal income tax. Consult a local tax professional for compliance advice tailored to your situation.
Final Tips for Safe and Successful Trading
- Enable two-factor authentication (2FA) using Google Authenticator (not SMS).
- Never share your recovery phrase or login details.
- Regularly update your app and use strong, unique passwords.
- Monitor market trends using OKX’s built-in tools like price alerts and charting features.
👉 Maximize your crypto potential with powerful trading tools and deep liquidity.
By following this guide, you now have a complete understanding of how to legally and securely buy BTC or USDT, receive USDT transfers, and sell digital assets in China using OKX in 2025. With intuitive design, fast transactions, and strong security protocols, OKX empowers users at every level to take control of their financial future.
Start small, learn consistently, and build confidence as you navigate the evolving world of digital finance.