What Is Cryptocurrency Deposit?
Depositing cryptocurrency involves transferring digital assets from external exchanges or wallets to your OKX account—similar to a bank transfer. Imagine giving someone your bank account number to receive funds; cryptocurrency deposits follow the same principle but use blockchain addresses instead.
Key requirements:
- Every deposit requires a valid deposit address
- Some currencies (e.g., XRP) additionally need a Tag/Memo
- Always match the exact cryptocurrency and network type
- Currently unsupported: USDT on BSC network
Step-by-Step Deposit Guide (Mobile App)
1. Access Deposit Interface
- Tap [Assets] → [Deposit] → [Deposit Crypto]
- Select currency (e.g., USDT)
2. Copy Deposit Address
- Choose network (e.g., OKT Chain)
Copy address and paste it in your:
- External exchange withdrawal interface
- Wallet send function
⚠️ Critical Safety Note
Ensure the withdrawal network on the sending platform exactly matches OKX's deposit network (e.g., both using USDT-TRON). Mismatched networks cause permanent asset loss.
Tracking Your Deposit
- Navigate to [Assets] → [Deposit] → [Deposit History]
- View real-time processing status
FAQ: Crypto Deposits
Q1: Why does my deposit show "pending" status?
A: Blockchain confirmations take time—typically 5-30 minutes depending on network congestion. Larger amounts may require additional security checks.
Q2: What happens if I forget the Tag/Memo?
A: Funds may become irrecoverable. Always double-check requirements before submitting transactions.
Q3: How often should I update my deposit address?
A: OKX periodically refreshes addresses for security. While old addresses remain temporarily valid, we recommend updating external whitelists every 3 months.
Q4: Can I deposit from any wallet?
A: Yes, but ensure the sending platform supports your chosen withdrawal network. Some wallets restrict certain networks.
Deposit Pro Tips
- Bookmark our 👉 Network Selection Guide for quick reference
- Enable SMS/email notifications for deposit confirmations
- For large transfers, consider test transactions first
Remember: Deposits to incorrect addresses/networks cannot be reversed. When in doubt, contact OKX support before proceeding.