Understanding C2C Trading on OKX
C2C (Customer-to-Customer) trading is a peer-to-peer ecommerce model where users trade directly with one another. On OKX's platform, this includes:
- Borrowers: Users collateralizing crypto (e.g., BTC) to secure loans.
- Investors: Users lending idle assets (e.g., USDT) for fixed returns.
👉 Discover how C2C trading works
Key Benefits of OKX’s C2C Platform
- Enhanced Security: Funds are escrowed until transactions are confirmed, minimizing counterparty risks.
- Flexibility: Choose from diverse trading pairs and terms tailored to your needs.
- Risk Mitigation: Platform oversight ensures fair dispute resolution and asset protection.
How to Use OKX C2C Trading
For Borrowers:
- Navigate to "Borrow" and input loan details (amount, collateral, duration).
- Agree to the Loan Terms Agreement and confirm.
Note:
- Early repayments incur partial penalties.
- Defaulting triggers liquidation of collateral after a 3-day grace period.
For Investors:
- Filter opportunities by coin, term, or ROI in the "Invest" section.
- Review project details, agree to terms, and commit funds.
Note:
- Loans exceeding 3 days’ delinquency pay additional interest.
- Force-liquidations protect principal + interest if collateral dips below thresholds.
Other Trading Modes on OKX
OKX supports:
- Spot Trading: Direct crypto-to-crypto exchanges.
- Fiat Gateways: Local currency entry points.
- Derivatives: High-leverage BTC, ETH, and altcoin contracts (weekly/quarterly).
Pro Tip: OKX dominates futures markets with deep liquidity and competitive fees.
FAQs
Q1: Is C2C trading safe?
A: Yes—OKX escrows funds and enforces transparent borrower collateralization.
Q2: What happens if a borrower defaults?
A: Collateral is auto-sold after 72 hours to recover lenders’ capital + interest.
Q3: Can I exit investments early?
A: Loans prepaid by borrowers repay your principal plus prorated returns.
Q4: How does OKX compare to BitMEX?
A: OKX offers wider contract varieties and lower latency in high-volume trades.