LIVEUSDT/CNYP2Pevery 3 min
OKX P2P: USDT/CNY
Reference prices from OKX's yuan peer-to-peer ads in three ticket sizes, plus how deep the market is. For the three-exchange view see USDT to CNY rate today. coinkiki does not rank or recommend exchanges.
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| Order of | Sell USDTyou receive CNY | Buy USDTyou pay CNY |
|---|---|---|
| CNY 5,000Small | 6.62055 ads | 6.64049 ads |
| CNY 50,000Medium | 6.62088 ads | 6.63067 adsbest |
| CNY 300,000Large | 6.63069 ads | 6.65022 ads |
Market depth
sell side / buy side| Order of | Ads that meet the conditions | Ads that can take the order | USDT on offer in those ads |
|---|---|---|---|
| CNY 5,000 | 55 / 49 | 55 / 49 | 53,759,444 / 928,029 |
| CNY 50,000 | 88 / 67 | 91 / 67 | 92,604,749 / 2,153,521 |
| CNY 300,000 | 69 / 22 | 72 / 22 | 125,832,723 / 2,135,576 |
In each cell the first number is the sell side (merchants buying your USDT), the second the buy side. An ad passes the filter if it can take the whole order and the merchant completes at least 95% of trades over 50+ orders. Last update Nov 10, 20:18 Beijing time.
How often it was the best of three (last 7 days)
medium ticket- Highest sell price
- 15%
- Lowest buy price
- 8%
- Comparisons
- 13
- Period covered
- 0.0days
Every 3 minutes the three exchanges' prices for a CNY 50,000 order are compared; ties count for each exchange involved.
Payment methods
medium-ticket ads able to fill| Method | Sell side | Buy side | Share (buy) |
|---|---|---|---|
| Alipay | 58 | 38 | |
| Bank card | 32 | 25 | |
| WeChat Pay | 15 | 7 |
One ad can accept several methods, so the columns add up to more than the ad count. What the methods mean: Alipay, WeChat and bank card in CNY P2P.
Last 24 hours
medium ticketHow OKX P2P works for CNY, and what to watch
In this section · 7 parts
OKX's CNY P2P market (OKX calls it C2C) lets users trade USDT for Chinese yuan directly with each other. OKX holds the seller's USDT in escrow, the buyer pays yuan off-platform into the seller's own account, and the seller releases the coins after checking the money has arrived. OKX charges no trading fee on these orders and sets the minimum trade at 10 yuan.
How does OKX P2P work for CNY?
OKX's FAQ says the platform holds the seller's crypto from the moment an order is placed until payment is confirmed. The OKX C2C Trading Rules, published in English, set out the rest:
- The buyer pays in full within the time limit by an instant method, such as Alipay to Alipay, WeChat Wallet to WeChat Wallet or a real-time bank transfer, then clicks "Payment Completed". Alipay (Ant Group) and WeChat Pay (Tencent) are China's two dominant payment apps.
- Non-instant methods need the seller's prior consent. The rules list Alipay to bank card, WeChat to bank card, and single transfers over 50,000 yuan made between 17:00 and 09:00.
- Once full payment arrives, the seller must release the crypto within 10 minutes.
- If the seller does not release, the buyer can file a dispute with proof of payment, and OKX says it will arbitrate within one hour.
- If the payer's name does not match the buyer's verified identity, the seller may cancel and must refund within 12 hours.
What do OKX's merchant badges mean?
Only merchants can post ads. According to OKX's merchant FAQ, a star icon next to the name marks a verified merchant and a diamond icon marks a diamond merchant. Becoming a verified merchant requires video verification, a completion rate of at least 90%, at least 20 completed orders and a 10,000 USDT deposit. In their first 30 days, merchants can buy at most 100,000 yuan per order and 250,000 yuan a day.
In August 2025 OKX added a "freeze compensation" label. A frozen card (冻卡) is a Chinese bank or payment account frozen, usually by police, after fraud proceeds passed through it. Labelled merchants post at least 30,000 USDT, have been verified for 180 days and have served 3,000 users. If their payment gets a seller's account frozen, the seller can claim:
| Order size | Merchant type | Share paid | Cap per order |
|---|---|---|---|
| Up to 500 USDT | all labelled merchants | 100% | order amount |
| Over 500 USDT | verified compensation merchant | 20% (at least 500 USDT) | 2,000 USDT |
| Over 500 USDT | diamond compensation merchant | 100% | 30,000 USDT |
The freeze must last more than 180 days, the claim must be filed within 30 days of the order, and non-judicial measures such as a bank's protective hold are excluded. Total payouts cannot exceed the merchant's deposit.
What is distinctive about OKX's yuan market?
- Personalised ad lists. OKX says it shows each user different ads based on their payment settings, completion rate and habits, so the price you see may not match what others see.
- Small tickets. The buy page often shows "beginner-friendly" ads with limits of 10 to 1,000 yuan, next to large ads starting in the tens of thousands.
- Special group merchants. OKX's FAQ says ordinary users and platform merchants must pay from real-name accounts, but "special group merchants" may pay and receive through non-real-name accounts.
Why does OKX's CNY price matter for the China USDT price?
Mainland banks do not exchange yuan for crypto, so P2P ads like these are where the yuan price of USDT is set. Compared with the official USD/CNY rate, that price gives the premium or discount on coinkiki's China USDT premium page. OKX is one of three markets in coinkiki's reference rate; since each user sees a personalised list, treat any single screen as a sample. The method is in how coinkiki calculates the USDT/CNY rate.
What are the risks of OKX's CNY P2P market?
- Legal: exchanging yuan for crypto is illegal financial activity in mainland China, and contracts are not protected by courts.
- Frozen accounts: money from a third party, or from a merchant allowed to pay through non-real-name accounts, can carry someone else's fraud proceeds into your account. See frozen bank cards in China's OTC market.
- Compensation is partial: on orders over 500 USDT from a verified compensation merchant, OKX pays 20%, capped at 2,000 USDT.
- Payment details: see Alipay, WeChat and bank card in CNY P2P; importers should read paying Chinese suppliers.
Frequently asked questions
How long does an OKX P2P seller have to release USDT? Ten minutes after confirming full payment, under the OKX C2C Trading Rules.
What does the "freeze compensation 100%" tag guarantee? Nothing about preventing a freeze. It sets how much a seller can claim afterwards, and only for long judicial freezes.
Why does the OKX price on coinkiki differ from the OKX app? OKX personalises the ads each user sees, and coinkiki only counts ads that can fill a given ticket size.
Sources
- OKX, OKX C2C Trading Rules, published 2023-06-08: https://www.okx.com/help/okx-c2c-trading-rules
- OKX, C2C trading FAQ (Chinese), updated 2026-08-11: https://www.okx.com/zh-hans/help/what-is-p2p-trading-cn
- OKX, C2C merchant FAQ (Chinese), updated 2026-08-11: https://www.okx.com/zh-hans/help/c2c-merchant-faq
- OKX, merchant upgrade rules (Chinese), updated 2026-08-11: https://www.okx.com/zh-hans/help/okx-platform-merchant-upgrade-rules
- OKX, C2C freeze compensation announcement (Chinese), 2025-08-27: https://www.okx.com/zh-hans/help/c2c-freeze-100-percentage-compensation; merchant rules for the label: https://www.okx.com/zh-hans/help/c2c-frozen-compensation
Where the numbers come from
- OKX shows about 200 public CNY P2P ads on each side; only those whose limits cover the order size, and that accept the payment method, are counted.
- OKX shows lifetime order counts only, so long-standing merchants meet the minimum order count more easily.
- Full method: how coinkiki calculates the USDT/CNY rate.