How to open a spot cryptocurrency account in OANDA Corporation?

OANDA live account holders can have multiple sub-accounts for different purposes. For example, you can have a v20 account to trade spot forex from our proprietary v20 trading engine. You can have a MT4 account to trade spot forex using the MT4 trading engine. Similarly, you can activate a spot crypto account by following these steps:

  1. You need to open a Live OANDA account , if you don’t have one already.

  2. Next, take one of the followings steps:

    • If you are a new client, use your login credentials to sign in to the HUB . On the dashboard, you will notice the status of your application. If it is approved, go to step 3.
    • If you are an existing client with an approved OANDA account, go to step 3.
  3. In the HUB as well as OANDA mobile apps, you will notice a message that prompts you to activate a crypto account.

  4. Next, accept the terms and conditions and confirm your intent.

  5. Next, your request will be reviewed and approved by our partner, PAXOS. It may take up to 15 mins for the approval.

    All exchange and custody services for trading and holding cryptocurrencies are provided by Paxos Trust. Your request may be rejected at our partner’s discretion and you cannot reapply.
  6. Upon approval, click on Complete Process .

  7. We will automatically create a spot crypto account for you. The HUB dashboard as well as the OANDA mobile app will show your spot crypto account, as shown in the following images:

    You can’t create additional spot crypto accounts.
  8. Next, transfer funds to your spot crypto account and you are ready to start trading. You can trade only on our OANDA mobile platforms, available on Google and Apple app stores.

Still have questions? Chat with an agent.