Spot trading is one of the most fundamental and widely used methods in the world of digital assets. On OKX, spot trading allows users to exchange one cryptocurrency directly for another—such as buying Dogecoin (DOGE) with Tether (USDT) or trading Ethereum (ETH) against Bitcoin (BTC). This guide walks you through the complete process of conducting spot trades on the OKX mobile app, from fund transfer to order execution and monitoring your positions.
Whether you're new to crypto or looking to refine your trading workflow, this tutorial covers everything you need to know about navigating the CRYPTO, USDT, and USDⓈ trading zones, placing buy/sell orders, interpreting market data, and managing your trades effectively.
Understanding Spot Trading on OKX
In spot trading, assets are exchanged instantly at current market prices. For example, in a DOGE/USDT trading pair:
- DOGE is the trading currency (the asset you’re buying or selling)
- USDT is the quote currency (the asset used to price DOGE)
This means you're either using USDT to buy DOGE or selling DOGE to receive USDT. OKX supports multiple trading zones:
- USDⓈ Perpetual Futures
- USDT Spot Market
- CRYPTO Spot Market (e.g., BTC/ETH pairs)
For this guide, we’ll focus on spot trading in the USDT zone, which is ideal for beginners due to its stable pricing and high liquidity.
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Step 1: Transfer Funds to Your Trading Account
Before placing any trade, you must move funds from your main funding account to your trading account.
How to Transfer:
- Open the OKX app
- Tap on Assets at the bottom
- Select Fund Transfer
- Choose the cryptocurrency (e.g., USDT)
Set transfer direction:
- From: Funding Account
- To: Trading Account
- Enter the amount
- Confirm with password or biometric authentication
💡 Note: Only assets in the trading account can be used for spot trading. This separation enhances security and helps manage risk across different account types.
Once transferred, your balance will be visible under the trading section.
Step 2: Placing a Buy Order (Example: Buying DOGE with USDT)
Now that your funds are ready, let’s walk through purchasing Dogecoin.
Steps:
- Go to the Trade tab
- Tap the trading pair field (top-left, e.g., BTC/USDT)
- Switch mode to Spot
- Select the USDT market
- Search for DOGE/USDT or scroll to find it
- Tap Buy DOGE
Choose order type:
- Recommended: Limit Order (set your own price)
Input:
- Desired price per DOGE
- Number of tokens or total spend
- Tap Buy DOGE and confirm
Optional Risk Management:
During order confirmation, enable Take Profit / Stop Loss settings to automate exits when price targets are met. This helps lock in gains or minimize losses without constant monitoring.
✅ Pro Tip: Limit orders give you control over entry price but may not execute immediately if the market doesn’t reach your target.
When the market hits your specified price, your order enters the order book and gets filled based on available liquidity.
Step 3: Selling Crypto (Example: Selling DOGE for USDT)
Selling works similarly—just reverse the process.
Steps:
- Navigate to Trade > Spot > USDT Market
- Find and select DOGE/USDT
- Tap Sell DOGE
- Choose Limit Order
Set:
- Sell price
- Amount of DOGE
- Confirm by tapping Sell DOGE
After execution, the proceeds (in USDT) remain in your trading account.
⚠️ Important: If you want to withdraw funds to a bank account via fiat channels (like Alipay or WeChat Pay), you must first transfer USDT back to your funding account, then sell it for local currency through P2P or convert services.
Also note: Some trading pairs have minimum order requirements (e.g., minimum 50 DOGE per trade). Orders below this threshold will be rejected.
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Step 4: Monitoring Market Data and Order Book
To make informed decisions, use OKX’s built-in analytics tools directly within the trading interface.
View K-Line Charts
- Tap the chart icon next to the price display
Top section shows:
- Current trading pair
- 24h change (%)
- Last traded price
- Trading volume
Bottom area displays interactive K-line chart (candlestick pattern)
- Customize timeframes: 1m, 5m, 1h, 1d, etc.
- Add technical indicators (RSI, MACD, Bollinger Bands)
Additional tabs:
- Depth: Shows real-time buy/sell walls
- Trades: Lists recent transactions (price & size)
Understanding the Depth Chart
- Green zone (bottom): Active buy orders (bids)
- Red zone (top): Active sell orders (asks)
- The intersection point reflects current market equilibrium
This visual representation helps predict potential support/resistance levels and assess market sentiment.
Step 5: Checking Your Orders and Trade History
Stay on top of your open and past trades with OKX’s order management system.
Where to Find:
Below the buy/sell panel, tap:
- Open Orders: View all pending limit orders
- Order History: See executed and canceled trades
- Positions: Not applicable for spot (used in futures)
- Assets: Check available balances in trading account
Each record includes:
- Timestamp
- Trading pair
- Order type
- Executed quantity
- Average fill price
You can cancel unexecuted limit orders anytime before they’re filled.
Frequently Asked Questions (FAQ)
Q1: What is the difference between funding and trading accounts?
The funding account holds your overall portfolio and supports deposits, withdrawals, and P2P transactions. The trading account is isolated for active trading activities like spot or futures. You must transfer funds between them manually for security reasons.
Q2: Can I trade directly from my funding account?
No. All spot trades require assets to be in the trading account. Use the fund transfer feature to move coins like USDT or BTC before trading.
Q3: Why didn’t my limit order execute?
Your order may not have matched because the market price didn’t reach your set level. If the price moves away, consider adjusting your limit or switching to a market order (not covered here).
Q4: Are there fees for spot trading?
Yes, OKX charges a small fee per trade (typically around 0.1%), which can be reduced with tiered volume or holding OKB tokens.
Q5: How do I set stop-loss or take-profit on spot trades?
These options appear during order confirmation. Enable them to define automatic sell triggers based on price movement—ideal for hands-off risk management.
Q6: Is spot trading safe on OKX?
OKX employs military-grade encryption, two-factor authentication (2FA), and cold wallet storage for user protection. As long as you follow best security practices (strong password, anti-phishing codes), your account remains highly secure.
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Ready to take action? With a clear understanding of how spot trading works on OKX—from transferring funds to analyzing charts and executing precise orders—you’re well-equipped to begin your journey.
👉 Start trading confidently with real-time data and robust tools designed for every level of trader.