Important update: T+1 restriction on IQD maker buy orders on OKX P2P marketplace

We are implementing a new security measure to enhance your trading experience on the OKX P2P marketplace. Effective from September 26, 2024, at 06:00 UTC, a T+1 restriction will be applied to all IQD buy orders and will affect all lite users who have completed a trade as a maker-buyer on the P2P platform.

What is a T+1 restriction?

A T+1 restriction is a standard safety measure that delays the settlement of your purchased crypto by one business day (24 hours) after the order is completed. This additional time allows sellers to verify payments and minimize the risk of fraudulent activity.

What are the changes for IQD users?

• Starting from September 16, 2024, at 00:00 UTC, if you buy crypto as a maker with IQD on the P2P marketplace, you’ll receive your purchased crypto after 24 hours upon completing the order.

• This change applies to all IQD maker buy orders.

• Please note that any ongoing IQD ads will be affected by this new rule after the effective date.

Who’s impacted?

• Only lite users who post trading advertisements as maker-buyers using IQD on the OKX P2P marketplace

• T+1 does not apply to OKX P2P Merchants.

If you have any questions regarding this update, please don’t hesitate to contact our customer support team at support@okx.com.