How do I buy and sell crypto with a third party?

Published on Sep 5, 2023Updated on Apr 4, 20242 min read221

Who is eligible to buy and sell crypto using the fiat gateway?

Anyone with a registered OKX account, verified their email or mobile number, who set up 2FA identification and fund's password in the security settings, and has completed verification.

Note: your third-party account's name shall be identical to OKX account's name

How long does it take to receive fiat when selling crypto?

It is subject to the fiat merchant's discretion. If you choose to sell and receive through a bank account, the process can take 1-3 business days. It only takes a few minutes to sell and receive via a digital wallet.

What are fiat gateways?

Fiat gateways are third-party providers that partner with OKX offering options for customers to buy and sell crypto.

Why there are no gateway providers after I selected fiat, crypto and payment method?

Offers are available depending on your payment method and region. There might be no providers supporting your region.

Why do I need verification for the fiat provider?

The fiat provider handles your fiat-to-crypto transactions. You'll need to go through their onboarding and verification processes before making a transaction.

What are the transaction limits for buying and selling through a third party?

Buy and sell limits are set by each provider. After you go through the steps mentioned earlier, you'll be able to see each provider's limits on your screen.

How long does it take to receive crypto?

The fiat provider will send your crypto once the payment has been completed. Most of the settlement is done on-chain and it takes between 1-30 minutes, depending on the network.

Some providers settle off-chain, directly from OKX. You will receive your crypto once the payment is completed.

How can I check my order status?

You can check your order status on the order page. Most of the settlements are done on-chain and should take up to 30 minutes, depending on the network.