Becoming an OTC (Over-the-Counter) merchant on a leading cryptocurrency exchange offers substantial opportunities for traders and liquidity providers. OKX, one of the world’s most trusted digital asset platforms, has opened its OTC merchant program to qualified users. This guide walks you through the complete process of applying to become an OKX merchant, including eligibility requirements, registration steps, benefits, and best practices.
Whether you're interested in becoming a Certified Merchant or scaling up to a Wholesale Merchant, this article covers everything you need to know—without unnecessary fluff or outdated information.
What Is the OKX OTC Merchant Program?
The OKX OTC Merchant Program allows experienced traders to provide liquidity by buying and selling cryptocurrencies directly with users via bank transfers, e-wallets, and other payment methods. Merchants list buy/sell orders, set their own prices (within market limits), and earn spreads while contributing to a more liquid and stable trading environment.
There are two main tiers:
- Certified Merchant
- Wholesale Merchant
Each comes with increasing responsibilities, higher capital requirements, and expanded privileges.
👉 Discover how to unlock exclusive trading advantages as an OKX merchant today.
Core Requirements to Become an OKX Merchant
To qualify as an OKX OTC merchant, applicants must meet strict criteria designed to ensure reliability, security, and service quality. These include identity verification, transaction history, and financial commitment.
✅ Certified Merchant Requirements
- Complete KYC Level 3 (Video Verification)
You must pass advanced identity verification, including live video confirmation of your ID documents. - Order Completion Rate ≥ 90%
A high fulfillment rate demonstrates reliability and responsiveness. - Minimum 10 Completed Orders
Prove your experience in OTC trading through real transaction history. Merchant Collateral Requirement
Maintain either:- 2,000 OKB, or
- 10,000 USDT
in your fiat account as a trust and performance bond.
✅ Wholesale Merchant Requirements
All Certified Merchant conditions apply, plus:
- Certified Merchant Status Proof (screenshot required)
Higher Collateral Deposit:
- 10,000 OKB, or
- 50,000 USDT
- Personal Working Capital ≥ 1,000,000 CNY (or equivalent in USD/other fiat)
Wholesale merchants typically handle large-volume trades and are expected to maintain deep liquidity across multiple assets.
One-Month Probation Period for New Merchants
All new applicants undergo a 30-day evaluation period. During this time, OKX monitors performance closely. Failure to meet any of the following will result in removal from the program:
- Complete at least 200 successful orders
- Receive no serious user complaints
- Avoid being flagged for non-cooperation with platform dispute resolution three or more times
This ensures only responsible, responsive traders gain long-term access to merchant benefits.
Step-by-Step: How to Register on OKX as a Merchant
Follow these clear steps to register and begin your journey as an OKX OTC merchant.
Step 1: Visit the Official Website and Register
Go to the official OKX website and click “Sign Up.” Choose between phone number or email registration.
👉 Start your registration process securely through the official platform now.
Step 2: Create Your Account
Enter your mobile number (recommended) or email address. Set a strong password for security.
🔐 Why use a phone number? It simplifies login recovery and two-factor authentication (2FA), enhancing account safety.
Step 3: Complete KYC Verification
Navigate to the Identity Verification section and complete KYC Level 3, which includes uploading government-issued ID and completing a live video call with an agent.
This step is mandatory for all OTC participants and helps prevent fraud.
Step 4: Access the Buy/Sell Section
After logging in, go to the homepage and tap [Buy/Sell] → [Quick Sell] → Select [Buy].
Choose the cryptocurrency you wish to trade (e.g., BTC, ETH) and enter the amount in your local currency (e.g., CNY).
Step 5: Select Payment Method & Confirm Order
Click [Buy XXX C] (e.g., Buy BTC C), then choose the most favorable payment method based on price and seller reputation.
Step 6: Complete Offline Transfer
Follow the seller’s payment instructions (e.g., bank transfer, Alipay). Once sent, click “I have transferred, next” to notify the seller.
After they confirm receipt, the crypto will be released to your wallet.
Key Benefits of Being an OKX OTC Merchant
Joining the merchant program unlocks powerful advantages that enhance visibility, efficiency, and profitability.
🚀 1. Traffic Priority & Platform Promotion
OKX actively promotes certified merchants across its ecosystem—giving you increased exposure and higher order volume.
🧑💼 2. Dedicated Support Team
Gain access to one-on-one customer service for faster issue resolution and personalized assistance.
✅ 3. Verified Badge (V Verification)
Display a trusted green checkmark next to your name—boosting credibility and user confidence in your listings.
🛠️ 4. Flexible Advertising Controls
Create custom buy/sell ads with adjustable prices, limits, and terms. Tailor your offers to match market demand.
⬆️ 5. Higher Trade Ranking
Your orders appear at the top of the OTC order book, improving visibility and fill rates.
🔐 6. Trade Counterparty Filters
Control who can trade with you by setting filters such as minimum trade size, verification level, or new-user restrictions.
📈 7. Pathway to Wholesale Status
Upgrade your status for even greater privileges, including access to institutional-grade tools and premium support.
Important Tips Before You Apply
While becoming an OKX merchant can be profitable, success requires discipline, experience, and risk awareness.
- Start with guidance: Learning from experienced traders or joining trusted communities accelerates your growth.
- Avoid scams: Be cautious of individuals promising "free training" or demanding upfront fees—many are trying to collect tuition.
- Don’t expect handouts: Most experienced merchants won’t share strategies freely—it's their livelihood.
- Prevent fraud: Stay alert to common OTC scams like fake payment confirmations or chargeback attempts.
- Focus on compliance: Avoid frozen cards or bank issues by using clean accounts dedicated to crypto trading.
“The key isn’t just making trades—it’s building trust.” – Seasoned OTC Trader
With careful execution, the chances of being scammed drop significantly—even approaching zero with proper precautions.
How to Buy Cryptocurrency on OKX (For Beginners)
Even if you're not ready to become a merchant yet, learning how to buy crypto is essential.
Step 1: Open the OKX App
Download the app from the official site and log in.
Step 2: Tap “Quick Buy”
On the homepage, select Quick Buy, choose your desired coin (e.g., Bitcoin), and enter the amount in fiat currency.
You can switch between “Buy by Amount” or “Buy by Quantity.”
Step 3: Choose Payment Method & Confirm
Select your preferred option (e.g., Alipay). After payment is processed offline, click “I have transferred”. Once confirmed by the seller, your crypto is released instantly.
Now you’re ready to trade—or apply as a merchant.
Frequently Asked Questions (FAQ)
Q: Can I apply to be an OKX merchant without prior trading experience?
A: No. You need at least 10 completed orders and a 90%+ completion rate. Start trading regularly before applying.
Q: Is there a fee to join the merchant program?
A: There is no direct application fee, but you must lock up collateral (OKB or USDT) as part of the requirement.
Q: What happens if I fail the probation period?
A: You’ll lose merchant status and associated benefits. You can reapply after improving your performance metrics.
Q: Can I withdraw my merchant collateral anytime?
A: Only after exiting the program and fulfilling all obligations. Active merchants cannot withdraw pledged funds.
Q: Are there restrictions on which countries can apply?
A: Yes. Due to regulatory policies, some jurisdictions are excluded. Check OKX’s supported regions before applying.
Q: How do I improve my order completion rate?
A: Respond quickly to trade requests, keep your payment methods updated, and avoid going offline during active trades.
Final Thoughts
Becoming an OKX OTC merchant in 2025 is a strategic move for serious traders looking to monetize their expertise and capital. With clear requirements, robust support, and tangible rewards like traffic boosts and verified status, the program empowers users to grow sustainably in the digital asset space.
Success doesn’t come overnight—but with consistency, integrity, and smart risk management, it’s within reach.