Depositing cryptocurrency refers to transferring digital assets from an external wallet or exchange account into your OKX account. This guide will walk you through the deposit process using Bitcoin (BTC) as an example.
Step-by-Step OKX Deposit Tutorial
Step 1: Generate Deposit Address
- Open the OKX app and tap "Deposit" (found either on the homepage or asset page).
- Select your cryptocurrency (e.g., BTC) and the corresponding blockchain network.
- Copy the generated deposit address or scan the QR code.
👉 Need help choosing the right network?
Step 2: Initiate Transfer from External Platform
- Log in to your external wallet/exchange.
- Navigate to the "Withdraw" or "Send" section.
- Paste the OKX deposit address and enter the transfer amount.
- Verify the network/chain matches exactly (e.g., both BTC-Bitcoin).
- Confirm the transaction after checking fees.
⚠️ Critical Reminder:
- Double-check the coin type and network before confirming. Mismatches may result in permanent loss.
Step 3: Track Deposit Status
- Transactions typically require 1–3 network confirmations (visible in blockchain explorers).
Check progress via:
- OKX deposit history page
- Your asset balance (updates automatically upon completion)
Once deposited, you can trade BTC for other cryptocurrencies or explore OKX’s trading products (spot, futures, etc.).
Key Deposit Considerations
- Coin-Network Matching: Only send the exact coin type (e.g., don’t send ETH to a BTC address).
- Minimum Deposits: Some coins require minimum amounts (specified below the deposit address).
- Tags/Memos: For XRP/XLM/etc., include both address AND the tag/memo if prompted.
- Confirmation Times: Varies by network congestion; BTC usually takes ~30 minutes.
How to Buy Crypto on OKX (Optional)
- Account Setup: Complete registration and KYC verification.
- Deposit Funds: Add fiat via bank transfer or deposit crypto.
- Select Market: Choose a trading pair (e.g., BTC/USDT).
- Place Order: Use limit/market orders to buy at preferred prices.
- Manage Assets: Hold or withdraw coins to private wallets.
FAQ
Q: Why hasn’t my deposit arrived after 1 hour?
A: Check the blockchain explorer using your TXID. Delays may occur during network congestion.
Q: Can I cancel a deposit?
A: No—crypto transactions are irreversible once broadcasted.
Q: What if I sent coins to the wrong network?
A: Contact OKX support immediately with TX details. Recovery isn’t guaranteed.
👉 Explore OKX trading features
Q: Are there deposit fees?
A: OKX doesn’t charge fees, but network (gas) fees apply.
Q: How many confirmations are needed for BTC?
A: Typically 1–2 confirmations (~10–30 minutes).
Q: Can I deposit without KYC?
A: Small amounts may be allowed, but full verification unlocks higher limits.