How do I buy crypto on OKX P2P trading?

Published on Sep 5, 2023Updated on May 28, 20245 min read2,603

OKX P2P Trading enables you to buy crypto from or sell crypto to other users in the P2P, or peer-to-peer, marketplace in your local currency.

When you buy crypto P2P, OKX holds onto the crypto for security, and we release it when the seller receives your payment. Because you buy directly from sellers, there's a wider range of payment methods available than on traditional exchange platforms. (The available options vary between sellers)

Here's how to buy cryptocurrencies with fiat on OKX P2P Trading:

Getting started

To buy or sell crypto from the ads available in OKX's P2P Trading marketplace, you need to verify your identity by completing identity verification.

You'll also need to add at least one payment method to your account if you're selling crypto via one of the ads listed in the marketplace.

How do I buy crypto with P2P Trading?

On the web

  1. Open OKX website and select Buy crypto > P2P trading

    Open P2P trading from homepage

    Open P2P trading from homepage

  2. Select the payment currency and the crypto you want to receive, and payment methods you want to use

  3. Select Buy next to your preferred offer

    Select an offer you would like to buy

    Select an offer you would like to buy

  4. Fill in the amount within the order limit and select the payment method

  5. Select Buy [crypto] to proceed
    Note: at this point, OKX will hold the crypto being bought until the seller confirms the payment has been received, the order has been canceled by you or the order times out. You mustn't pay if the order is at risk of timing out because seller will regain the crypto held earlier when the timer reaches zero if the payment hasn't been marked as complete.

  6. You can see a chatbox on the order page if you need to message the seller for any reason

  7. Select Payment Completed once you've paid via the payment App/method chosen
    Note: when the seller confirms receipt of payment, you'll receive the crypto in your OKX account

On the app

  1. Log in to your account on the OKX app and select Buy crypto > P2P trading

    Open P2P trading from homepage

    Open P2P trading from homepage

  2. Make sure Buy is selected at the top

  3. Select the payment currency and the crypto you want to receive, and Filters the listed offers by Ad types and Payment methods available and Apply

    Select an offer you would like to buy

    Select an offer you would like to buy

  4. Select Buy next to your preferred offer

  5. Enter the total price or crypto amount you want to buy within the order limit and select the payment method

  6. Select Buy [crypto] with 0 fees to proceed
    Note: at this point, OKX will hold the crypto being bought until the seller confirms the payment has been received, the order has been canceled by you or the order times out. You mustn’t pay if the order is at risk of timing out because because seller will regain the crypto held earlier when the timer reaches zero if the payment hasn't been marked as complete.

  7. If you need to message the seller for any reason, select Chat. If not, check the order details and select Continue

  8. Select Payment Completed once you have paid via the payment App/method chosen
    Note: when the seller confirms receipt of payment, you'll receive the crypto in your OKX account

How do I cancel an order on the P2P marketplace?

  • If you’re buying crypto with local currency on our P2P Trading marketplace, you can cancel the trade at any time. This releases the assets held by OKX back to the seller.

    On the Web: Cancel order on the order details page

    On the web: Cancel order on the order details page

    On App: Cancel order on the order details page

    On the app: Cancel order on the order details page

  • Your order will be canceled if you don’t pay on time. You mustn’t attempt to send payment close to expiry because the crypto is returned to the seller automatically if the time runs out before you mark the payment as completed. It’s safer to cancel the order and start again.

  • When buying on the P2P marketplace, we recommend you never cancel an order that's been paid for. Instead, you should reach out to the seller to come to an agreement on the refund before canceling.

OKX P2P Trading is a safe and convenient way to buy or sell crypto. When you buy crypto, OKX holds onto the crypto for security until the seller receives your payment, and then we release the crypto. In case the seller doesn’t release the crypto, you can raise a dispute. Our customer support will handle the dispute raised and release crypto once it's been verified.