Understanding Deposits and Withdrawals
Deposits refer to the process of transferring digital assets from external wallets (like blockchain wallets) to your OKX account address. Withdrawals involve moving digital assets from your OKX account to external wallet addresses.
👉 Learn how to secure your crypto transactions
Key Features Explained
Deposit Process
- Initiated from external wallets
- Requires valid OKX deposit address
- Typically involves network confirmation times
Withdrawal Process
- Requires wallet verification
- Subject to security confirmations
- Includes transaction fees
Trading Options on OKX
Spot Trading (Coin-to-Coin)
Spot trading involves direct exchange between digital assets. OKX supports multiple trading markets including:
- USDT pairs
- USD(S) pairs
- Crypto pairs (BTC, OKB, ETH)
Derivatives Trading
Futures Contracts
- Mark Price = Spot Index Price + Basis Moving Average
- Helps prevent unnecessary liquidations during volatility
Options Contracts
- Call/Put options available
- BTC and ETH underlying assets
- Two trading modes: Simple and Professional
👉 Master options trading strategies
Specialized Trading Sections
MXC Protocol
- Decentralized standard protocol for IoT
- Solves LPWAN network conflicts
- Features smart bidding technology
Dogecoin
- Originally created as a joke currency
- Gained popularity through social tipping
- Uses modified Litecoin protocol
Grayscale Concept Coins
- Includes 11 digital assets
- Tracks Grayscale Investment Trust funds
- Special trading section for easy access
FAQ Section
Q: How long do deposits take?
A: Deposit times vary by network congestion, typically 1-30 confirmations.
Q: What are withdrawal fees?
A: Fees depend on the asset and current network conditions.
Q: How is Mark Price calculated?
A: It combines spot index price with moving average of basis difference.
Q: Can I trade options as a beginner?
A: Yes, OKX offers simplified options trading interfaces.
Q: What makes Dogecoin unique?
A: Its community-driven approach and social media integration.
Q: Where can I find Grayscale coins?
A: They're available in a dedicated section of OKX's spot trading.
This content is provided for informational purposes only and does not constitute financial advice. Digital asset holdings involve risk. Consult with qualified professionals for specific advice.