If you are a beginner encountering virtual currency for the first time, especially in mainland China, and want to understand how to buy and sell USDT (Tether), this article will provide you with comprehensive guidance. The article starts with basic concepts and gradually introduces how to complete the buying, selling, exchanging, and passive income operations of USDT on mainstream exchanges, helping you get started quickly and ensuring safety.
This article comprehensively explains how to trade USDT in mainland China, specifically targeting beginner tutorials, covering the entire process of USDT's basic concepts, purchasing, trading, and earning coins.
First, understand the basic characteristics of USDT. Its exchange rate usually maintains a fixed ratio of 1:1 with the US dollar, so the value of USDT fluctuates almost in sync with the US dollar. By searching for the USDT price on Google, you will find it highly consistent with the US dollar price, which is the core advantage of USDT as a stablecoin. The "T" in the name stands for the issuing company Tether, and the official website is Tether.to.
If you plan to buy and trade USDT, please note that the threshold on the Tether official website is relatively high, with a minimum purchase amount of $100,000. Therefore, users usually need to operate through trading platforms recommended by Tether. It is recommended to choose the OKX exchange, as it is the second-largest platform globally, friendly to Chinese users, and provides a convenient USDT purchasing process with lower trading fees. To get started, please visit the OKX official website: OKX APP, one of the top three exchanges globally, registration can reduce trading fees by 20%.
Click here--> to register an OKX account on the official website or alternative link, a VPN may be required in some regions
After registering on OKX, you can easily create an account, complete the registration, and log in, then perform USDT buying and selling operations on the trading platform.
Click the [Register] button, select China as your residence area, fill in your email information, and click [Register] to create your account.
After registration is complete, download and install the APP. If you encounter system security risk prompts during installation, there is no need to pay attention; virtual currency applications are often falsely reported, this is the official download from the website, please ignore the prompts.
Apple users need to log in to the App Store with an overseas Apple ID to download the APP. You can search on Zhihu for methods to apply for an overseas Apple ID.
Please wait patiently for the OKX App to install successfully, and follow the steps below to purchase USDT:
Operation Steps#
Buying and Selling USDT#
Once you have an OKX exchange account, you can purchase USDT through C2C trading or quick trading. You can buy USDT with RMB or exchange USDT for RMB. The specific steps are as follows:
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- After entering the OKX platform, click the [I want to buy coins] button at the top and select [C2C Buy Coins].
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- Click on the App homepage— I want to buy coins (C2C Buy Coins)— Quick Trading— Select USDT— Enter the purchase amount— Payment method select Alipay, WeChat, or bank card, and transfer to the merchant assigned by the system as prompted, and wait a moment to complete.
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- After clicking the merchant's [Buy] button, enter the amount and select the payment method, and after completing the payment, click [I have paid]. After the seller verifies the payment, USDT will be credited directly to your account.
This step completes the exchange from RMB to USDT. USDT can be seen as pegged to the US dollar at a 1:1 ratio, and this exchange process is essential.
- After clicking the merchant's [Buy] button, enter the amount and select the payment method, and after completing the payment, click [I have paid]. After the seller verifies the payment, USDT will be credited directly to your account.
After the purchase is complete, check the USDT balance in [Asset Management] under [My Assets]. If you need to exchange for other currencies, transfer USDT from the fund account to the trading account, and then exchange on the trading platform. Enter the trading interface, select [Spot Trading] and the target currency, and enter the amount to complete the transaction.
Converting USDT to Bitcoin#
If you need to convert USDT to Bitcoin (BTC), go to the trading page and select the [BTC/USDT] trading pair. You can use limit orders or market orders to purchase:
- Limit Order— Set a target price, and the transaction will be executed automatically when the market price reaches it.
- Market Order— Execute the transaction immediately at the current market price, suitable for quick trading needs.
After the purchase is complete, check the Bitcoin balance in [Asset Management].
When selling Bitcoin to convert to USDT, select the "Sell BTC" operation. You can use a market order when selling, enter the amount, and the system will execute quickly. After completion, transfer USDT from the trading account to the fund account, and then sell it for RMB through [C2C Trading].
Simple Financial Management with USDT#
In addition to trading, the OKX platform offers a "Simple Earning" feature, allowing you to deposit USDT into the platform to earn interest through lending. The platform lends USDT to those in need, and you can earn income while risk management ensures safety.
When participating, ensure that USDT is fully deposited to enjoy a 10% annualized interest reward. Additionally, you can choose on-chain earning to obtain annualized returns of 3.96% to 4.7%.
The above is a complete beginner's tutorial, and you now understand how to purchase, trade, sell USDT on the OKX platform, and earn stable income through the earning feature. OKX provides convenient operations and security guarantees, suitable for virtual currency trading or stablecoin earnings.
I hope this article helps you get started smoothly and enjoy the convenience and benefits of USDT.
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