How do I buy and sell crypto with AUD balance?

Published on Oct 25, 2024Updated on Apr 1, 20256 min read

How do I buy and sell crypto with my AUD balance?

On the app

  1. Log into your account on our OKX app, select Buy and sell

    Open Buy and sell page on OKX app

    Open buy crypto page

  2. Select Buy or Sell according to your preference and your preferred crypto

    Select preferred crypto to buy and sell on OKX AU app user

    Select your preferred crypto to buy or sell

  3. Insert the AUD amount or the crypto amount you want to buy or sell

  4. Select AUD balance in the Payment method, then select Preview order
    Note: make sure you've a sufficient AUD amount in your trading account. If you've an insufficient amount in your trading account, select Transfer AUD to transfer your AUD balance from funding account to trading account.

    Select AUD balance to buy/sell crypto on OKX app

    Select AUD balance to buy or sell crypto

  5. Preview your purchase and select Buy {crypto} or Sell {crypto} to complete your order

On the web

  1. Log into your account on our OKX website, select Buy crypto > Express buy

  2. Select Buy or Sell according to your preference and your preferred crypto

  3. Enter the AUD amount or the crypto amount you want to buy or sell, then select Buy {crypto} or Sell {crypto}

  4. Select Your balance in the Payment method to purchase crypto and select Next
    Note: make sure you've a sufficient amount in your trading account. If you've an insufficient amount in your trading account, select Transfer to transfer the AUD balance from your funding account to your trading account.

    Select AUD balance to buy/sell crypto on OKX web

    Select Your balance to buy or sell your crypto

  5. Preview your purchase and select Buy {crypto} or Sell {crypto} to complete your order

How do I transfer the AUD balance from my funding account to my trading account?

If you have insufficient AUD balance in your trading account, you can transfer it from your funding account to your trading account:

On the app

  1. You'll be prompted to select the following action:

    • If you want to buy crypto, select Transfer AUD;

      Transfer AUD balance from funding to trading account to buy crypto on OKX app

      Select Transfer AUD to transfer your AUD balance to your trading account

    • If you want to sell crypto, select Transfer

      Transfer AUD balance from funding to trading account to sell crypto on OKX app

      Select Transfer to proceed with transferring your AUD balance to your trading account

  2. There'll be a Margin balance reminder to remind you that we'll use your fund in the trading account to cover the margin balance if there's a margin shortfall on your order. Select Continue to transfer after you read the reminder message.

    Read the margin balance reminder before transferring cash balance on OKX app

    Make sure you've read the margin balance reminder before proceeding to transfer AUD

  3. Make sure you're selecting Funding in the From field and Trading in the To field, and the asset that you want to transfer in the Asset

    Transfer assets from funding to trading account on OKX app

    Make sure you're transferring from your funding account to trading account

  4. Insert the amount that you want to transfer and select Confirm to complete your transfer

Note: this feature is only available after you have updated our OKX app to version 6.90.0 or later.

On the web

  1. You'll be prompted to select Transfer from the following pages:

    • If you want to buy crypto, you can find it on the Payment method page

      Select Transfer AUD to buy crypto on OKX app

      Select Transfer to transfer AUD from funding account to trading account on payment method page

    • If you want to sell crypto, you can find it under the Sell option on the Express buy page

      Transfer cash balance to trading account to sell crypto on OKX web

      Select Transfer to transfer AUD from funding account to trading account on sell page

  2. There'll be a Margin balance reminder to remind you that we'll use your fund in the trading account to cover the margin balance if there's a margin shortfall on your order. Select Continue to transfer after you read the reminder message.

    Read margin balance before continue transfer cash balance on OKX web

    Read the margin balance reminder before completing your order

  3. Make sure you're selecting Funding in the From field and Trading in the To field, and AUD in the Asset

    Transfer AUD to trading account on OKX web

    Make sure you're transferring from your funding account to your trading account

  4. Insert the AUD amount that you want to transfer and select Confirm to complete your transfer