The Consumer-to-Consumer (C2C) model, also known as peer-to-peer (P2P) trading, is a widely used method for buying and selling cryptocurrencies. On the OKX platform, the C2C marketplace allows you to trade directly with other individuals. You can select merchants based on their credit ratings, completion rates, average payment times, payment methods, and pricing. OKX ensures that digital assets are transferred securely and promptly during these transactions.
This guide will walk you through the process of selling your crypto and withdrawing funds via OKX's C2C platform.
Preparing to Sell Your Crypto
Before initiating a sale, there are two essential steps to complete.
Complete Your KYC Verification
To ensure account security and comply with regulations, you must complete basic identity verification. This process, known as KYC (Know Your Customer), typically requires a verified phone number and primary identity authentication.
To complete your verification:
- Log in to your OKX app.
- Tap the profile icon in the top left corner of the homepage.
- Navigate to the 'Identity Verification' section and follow the on-screen instructions.
Set Up Your Payment Methods
You need to pre-configure how you will receive fiat currency (like USD, EUR, etc.) from buyers.
- From the app homepage, tap on ['C2C Trading'].
- On the new page, click the ['More'] icon (often represented by three dots) and select ['Payment Settings'].
- Here, you can add your preferred收款 account details, such as your bank account, AliPay, or WeChat Pay information.
Step-by-Step Guide to Selling Crypto
Follow these steps to successfully sell your digital assets.
Step 1: Select the Currency
In the C2C trading section, choose the cryptocurrency you wish to sell from the list at the top of the screen. Then, select the fiat currency you want to receive. You can also use the search bar to input the approximate amount you plan to sell to see available offers.
Step 2: Choose a Buy Order
Switch the trading interface tab to ['Sell']. You will now see a list of active buy orders from various merchants. You can click on a merchant's name to view their profile, which displays their credibility rating, transaction volume, completion rate, trading limits, accepted payment methods, and average payment time. This information is crucial for selecting a reliable trading partner.
To quickly find the best offer, use the ['Filter'] button on the C2C homepage to sort merchants based on your specific criteria. Once you've found a suitable buy order, click ['Sell'].
Step 3: Initiate the Sale
A new window will appear. Enter the precise amount of crypto you want to sell. Double-check all details, including the exchange rate and total amount you will receive. If everything is correct, click the ['Sell XXXX'] button (where XXXX is the crypto ticker, e.g., USDT).
Next, select your pre-configured收款 account from the dropdown menu and finalize the sale by clicking ['Confirm Sell'].
Step 4: Wait for Buyer Payment
After creating the sell order, the system will hold your crypto assets in escrow. You must now wait for the buyer to send the fiat payment to your designated account. You can check the progress of your order by clicking on ['Orders'] at the bottom of the screen.
If any issues arise during this waiting period, you can click the message icon to contact the buyer directly or reach out to OKX customer support for assistance.
Step 5: Confirm Receipt of Payment
Once you have verified that the buyer's payment has arrived in your bank, AliPay, or WeChat account—and you have confirmed the amount is correct—return to the order page and click ['Confirm Receipt']. This action will release the crypto from escrow to the buyer, completing the trade.
Important: Only click this button after you have confirmed the funds are in your account. Clicking it prematurely without verifying payment will result in you losing your crypto.
Handling Disputes
In the rare event of a disagreement or problem with a transaction, you can file a dispute. From the order details page, click the ['Appeal'] button. This will alert OKX's support team, who will investigate the issue and help mediate a resolution.
Frequently Asked Questions
What is the difference between C2C trading and other methods?
C2C trading is a peer-to-peer marketplace where you trade directly with another individual. OKX acts as a secure escrow service for the assets but is not a direct counterparty to the trade. This often allows for more payment method flexibility compared to direct conversions on the spot market.
Are there any fees for selling crypto on the C2C platform?
OKX does not charge any手续费 (handling fees) for executing C2C trades. The price you see is the price you get. However, merchants set their own exchange rates, which incorporate their margin.
How long does a typical C2C transaction take?
The process can be very fast. Once you select a merchant, the trade initiation is instant. The most time-consuming part is waiting for the buyer to send the fiat payment, which, according to their average payment time, can range from a few minutes to under an hour.
What should I do if a buyer hasn't paid but claims they have?
Do not release the crypto (click 'Confirm Receipt') under any circumstances until you have independently verified the funds are in your account. If there is a discrepancy, use the in-app chat to communicate with the buyer and immediately initiate an appeal to customer support if the issue isn't resolved.
Is it safe to trade with new merchants with low volume?
While new merchants can offer competitive rates, it is generally safer to trade with established merchants who have a high completion rate, a high credibility rating, and a long track record. Always review a merchant's profile thoroughly before trading. 👉 Explore more trading strategies
Can I cancel a sell order after I've created it?
You can typically cancel an order as long as the buyer has not yet made the payment. Once the buyer has paid, the order must proceed to either completion or dispute resolution. Check your order status for the cancel option.