xBTC is a wrapped token backed 1:1 by Bitcoin (BTC), securely held by OKX. It represents BTC on supported blockchains, enabling seamless use of Bitcoin across DeFi ecosystems. This guide covers everything you need to know about depositing and withdrawing xBTC.
What Is xBTC?
xBTC allows you to:
- Use Bitcoin on blockchains like Solana, Sui, and Aptos.
- Access DeFi apps with BTC in a native blockchain format.
- Convert seamlessly between BTC and xBTC when depositing/withdrawing on OKX.
👉 Learn more about xBTC's benefits
How to Deposit xBTC
Follow these steps to deposit xBTC and receive BTC in your OKX account:
Navigate to Deposit:
- Go to Wallet > Deposit > Crypto Deposit.
Select Bitcoin (BTC):
- Choose BTC as the asset to deposit.
Pick the Blockchain Network:
- Select the network (e.g., Solana, Sui, Aptos) you’re depositing from.
Copy the Deposit Address:
- Use the xBTC address generated by OKX.
Send xBTC:
- Transfer xBTC from your external wallet to the OKX address.
Automatic Conversion:
- Deposited xBTC will convert to BTC and credit to your account.
Note: Ensure the network matches your withdrawal source to avoid loss of funds.
How to Withdraw xBTC
To convert BTC to xBTC and send it to an external wallet:
Initiate Withdrawal:
- Go to Wallet > Withdraw > Crypto.
Choose Bitcoin (BTC):
- Select BTC as the asset to withdraw.
Select Destination:
- Opt for Exchange/Wallet to send to an external address.
Pick the Receiving Network:
- Select the blockchain (e.g., Solana) for xBTC delivery.
Enter Recipient Address:
- Paste the destination wallet address.
Confirm Details:
- Check the network fee and final amount.
Submit Withdrawal:
- BTC will convert to xBTC and send to the specified address.
👉 Explore OKX’s low withdrawal fees
Key Features of xBTC
| Feature | Benefit |
|---------|---------|
| 1:1 BTC-backed | Full asset security |
| Multi-chain support | Use BTC on Solana, Aptos, etc. |
| Instant conversion | No waiting periods |
FAQ
1. Is xBTC the same as BTC?
Yes, xBTC is pegged 1:1 to BTC but exists on supported blockchains for DeFi use.
2. Which networks support xBTC?
Currently: Solana, Sui, and Aptos. More may be added later.
3. Are there fees for converting xBTC to BTC?
OKX does not charge conversion fees, but network fees apply.
4. How long do deposits/withdrawals take?
Typically 2–5 minutes, depending on blockchain congestion.
5. Can I send xBTC to a non-supported network?
No. Always verify the network compatibility before transferring.
Final Tips
- Double-check addresses and networks to avoid errors.
- Monitor network fees for cost-efficient transfers.
- Use xBTC to unlock DeFi opportunities with Bitcoin.
For further assistance, visit OKX’s help center.