Overview of OKX P2P Verified Merchants
In fiat-to-crypto trading scenarios, the P2P trading zone serves as an essential bridge connecting fiat currency and digital assets. To safeguard the trading ecosystem and reduce the risks of fraud and account freezes, mainstream trading platforms typically impose strict qualification reviews and behavioral codes on P2P merchants.
Core Application Requirements for Verified Merchants
Applying to become a verified merchant on the OKX platform generally requires meeting multiple quantitative indicators and compliance assessments. According to platform rules, applicants typically need to reach the following basic thresholds:
- Trading Activity and Completion Rate: Applicants must complete a certain number of buy and sell crypto orders (e.g., a cumulative total of 20 or more completed orders), and maintain a high overall buy/sell order completion rate (usually no less than 90%).
- Asset Threshold: During the application and verification process, applicants must hold a specified amount of assets in their funding account (depending on different regional and regulatory requirements, this usually requires maintaining an asset reserve equivalent to greater than 10,000 or 20,000 USDT).
- Rule Assessment: Applicants are typically required to pass the platform's rule-based quiz to ensure a clear understanding of compliant operations.
Video KYC Review and Process Mechanism
To further verify the authenticity of applicants' identities, the platform continuously optimizes the verification and video review processes for new P2P merchants. Applicants are required to complete video KYC verification according to system prompts, and pass identity re-verification through designated video verification entry points and queuing mechanisms in some updated review mechanisms. Video reviews aim to prevent identity spoofing and fraud risks at the source.
Merchant Risk Control and Compliance Key Points
Successfully verified merchants must strictly adhere to the platform's core risk control rules during daily operations:
- Real-Name Payment Principle: Merchants must use their own real-name accounts verified by the platform for sending and receiving payments. The use of third-party or non-matching name accounts is strictly prohibited.
- Transfer Remark Guidelines: When conducting fiat transfers, it is strictly prohibited to fill in any remarks related to cryptocurrencies, Bitcoin, USDT, or specific sensitive words in the remark field to prevent triggering bank risk controls that could lead to fund freezes.
Through strict security deposit thresholds, video reviews, and daily behavioral codes, the platform aims to build a more secure over-the-counter trading environment.
