As a leading cryptocurrency exchange, OKX (formerly OKEx) provides robust account management tools for investors. This comprehensive guide explores the functionalities of Funds Accounts and Trading Accounts, helping you navigate asset management and trading operations effectively.
Overview: Your Financial Dashboard
The Overview section serves as your centralized dashboard, displaying aggregated assets across:
- Funds Account
- Trading Account
- Financial Products Account
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Funds Account: Secure Asset Storage
The Funds Account functions as your digital asset vault where:
- Purchased USDT via C2C trading deposits automatically
- Staking rewards and referral commissions accumulate
- Transaction histories are tracked via the "Bill" feature
Key operations include:
- Monitoring incoming/outgoing transfers
- Reviewing staking reward distributions
- Tracking referral program earnings
Asset Transfers: Moving Between Accounts
To initiate trading, transfer assets from Funds to Trading Account:
- Navigate to Funds Transfer
- Select currency (e.g., USDT)
- Enter transfer amount
- Confirm transaction
Transfers execute instantly with no fees, enabling seamless trading preparation.
Trading Account: Core Transaction Hub
Your Trading Account enables all exchange operations:
- Spot trading purchases reflect here
- Margin trading positions are managed
- Futures contracts appear when applicable
Pro tip: Regularly transfer profits back to your Funds Account for safekeeping.
Conversion and Withdrawal Process
To liquidate assets:
- Transfer crypto from Trading → Funds Account
- Convert to USDT via trading pairs
- Sell USDT through C2C market
- Withdraw fiat to linked bank/Alipay
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Frequently Asked Questions
How long do transfers between accounts take?
Transfers between OKX accounts process instantly 24/7.
Is there a minimum transfer amount?
Minimums vary by cryptocurrency (e.g., 0.001 BTC for Bitcoin transfers).
Can I automate regular transfers?
Currently, all transfers require manual initiation for security.
Are there transfer fees between accounts?
OKX charges zero fees for internal account transfers.
Where can I view transfer history?
Complete records appear under Bill in your Funds Account.
What's the difference between spot and margin accounts?
Spot uses existing balances, while margin enables leveraged trading with borrowed funds.