Selling cryptocurrency on a digital exchange can seem daunting for beginners, but with the right guidance, it becomes a seamless process. This comprehensive guide walks you through every step of selling digital assets—especially USDT—on the OKX exchange app. Whether you're using quick trade, spot trading, or exploring contract options, we’ll cover the essential procedures, key features, and best practices to ensure a secure and efficient experience.
How to Sell Cryptocurrency Using OKX App’s Quick Trade Feature
One of the easiest ways for new users to sell crypto is through OKX’s [Quick Buy/Sell] function. This peer-to-peer (P2P) trading option allows you to instantly sell USDT and other stablecoins directly for fiat currency like CNY, with support for bank transfers, Alipay, and WeChat Pay.
👉 Discover how easy it is to start selling crypto today.
Here’s how to sell USDT using Quick Trade:
- Open the OKX app and tap [Buy Crypto] on the homepage.
- Select [Quick Buy/Sell] > [Sell].
- Choose USDT as the cryptocurrency.
- Enter the amount you wish to sell.
- Tap [Sell USDT] to proceed.
After placing your order:
- Wait for a buyer to make payment.
- Confirm receipt by checking your linked bank account or payment app.
- Once confirmed, enter your fund password and click [Confirm Receipt] to release the crypto to the buyer.
⚠️ Important Tips:
- Always verify that funds have arrived in your account before releasing crypto.
- Failing to release crypto after confirmation may affect your transaction rating.
- If no payment is received within the time limit, use the [File Dispute] option. The platform will freeze the order and initiate customer support review.
For larger transactions (≥100,000 CNY), consider using the [Large Order Trading] filter under [Advanced Filters] to find suitable buyers with better liquidity.
Selling Crypto via Spot Trading: Step-by-Step Process
If you prefer more control over pricing, use OKX’s Spot Trading feature. This method lets you set your own price and trade directly from the market order book.
Let’s walk through selling Dogecoin (DOGE) for USDT:
- Navigate to the [Trade] tab on the app.
- Tap the trading pair at the top (e.g., BTC/USDT).
- Switch mode to [Spot].
- Search for DOGE/USDT and select it.
Under the [Sell] section:
- Choose [Limit Order].
- Set your desired price and quantity.
- Click [Sell DOGE] to place the order.
Once executed, the proceeds (in USDT) will remain in your Trading Account. To convert them into fiat:
- Transfer USDT from your Trading Account to your Funding Account.
- Use the [P2P Sell] function to exchange USDT for fiat and withdraw via supported methods.
💡 Note: Some cryptocurrencies have minimum trade requirements. Orders below these thresholds will not be processed.
Understanding Key Market Data on OKX App
Making informed decisions requires understanding real-time market data. Here’s how to interpret critical information on OKX:
K-Line Charts and Price Trends
Tap the candlestick icon next to any trading pair to view detailed charts:
- Top section shows current pair, price change (%), last traded price, and 24-hour volume.
- The main chart displays historical price movements (K-lines), adjustable by timeframe (1m, 5m, 1h, etc.).
Below the chart, toggle between [Depth] and [Trades]:
- Depth Chart: Visualizes buy (green) and sell (red) orders across price levels.
- Recent Trades: Lists completed transactions with timestamp, price, and size.
Order Book & Personal Trade History
On the trading interface:
- The right panel shows live bid/ask orders.
The bottom section includes tabs like:
- Current Orders: Active limit or stop-loss orders.
- Order History: Past filled or canceled trades.
- Assets & Strategies: Overview of holdings and automated trading setups.
Use this data to identify support/resistance levels, gauge market sentiment, and time your sales effectively.
Complete Workflow: Selling USDT for Fiat Currency
To fully cash out USDT, follow this structured flow:
Step 1: Transfer Funds to Funding Account
Before selling, move USDT from your Spot Wallet or Trading Account to your Funding Account:
- Go to [Assets] > [Internal Transfer]
- Select source and destination accounts
- Confirm transfer
Step 2: Access P2P Trading Section
Tap [Buy Crypto] > [P2P Trading] > [Sell USDT]
You’ll see multiple offers with varying prices and payment methods. Choose one that matches your preferred bank or digital wallet.
Step 3: Place and Confirm Your Order
- Enter the amount of USDT you want to sell.
- Review buyer details and payment method.
- Click [Sell USDT] and wait for payment.
Step 4: Verify Payment and Release Crypto
Only after confirming funds are in your account:
- Click [Confirm Receipt]
- Release USDT to complete the transaction
Failure to act promptly may lead to penalties or account restrictions.
Exploring USDT Contract Trading on OKX App
For advanced users, OKX supports USDT-margined futures contracts, allowing leveraged positions based on price predictions.
Here’s how contract selling works:
- Download and log in to the OKX app.
- Complete KYC verification and deposit margin funds.
- Go to [Trade] > [Contracts] > Search for a USDT-Swap pair (e.g., BTC/USDT).
- Switch to [Cross Margin] or [Isolated] mode.
Under [Sell], input:
- Leverage level
- Order type (limit/market)
- Quantity
- Submit order and monitor position in real time.
Profits or losses are settled in USDT. When closing a short position, you “buy back” at a lower price to realize gains.
🔒 Risk Warning: Leverage amplifies both returns and risks. Use proper risk management tools like stop-loss orders.
👉 Learn how contract trading can fit into your strategy.
FAQ: Common Questions About Selling Crypto on OKX
Q: Can I sell any cryptocurrency directly for fiat?
A: Only select stablecoins like USDT, USDC, and DAI are available for direct P2P fiat conversion. Other cryptos must first be traded for a stablecoin via spot markets.
Q: Why hasn’t my buyer sent payment yet?
A: Buyers typically have 15–30 minutes to complete transfers. If delayed, open a dispute through the order page for platform intervention.
Q: Are there fees when selling crypto on OKX?
A: P2P trades are fee-free for sellers. However, spot trading incurs small taker/maker fees (as low as 0.08%). Withdrawal fees may apply depending on network conditions.
Q: What happens if I release crypto before receiving payment?
A: Never release assets prematurely. Doing so puts you at risk of fraud. Always verify bank statements independently.
Q: Can I cancel a sell order?
A: Yes—unfilled limit orders can be canceled anytime. For P2P trades, cancellation is only possible before the buyer pays.
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👉 Start your secure crypto selling journey now — simple, fast, trusted.
By following this guide, both beginners and intermediate users can confidently navigate the OKX platform to sell USDT and other digital assets efficiently. With intuitive tools, robust security, and responsive support, OKX empowers traders to take full control of their financial goals in the evolving crypto landscape.