Depositing cryptocurrency between wallets or exchanges follows similar principles across platforms. This guide uses OKX exchange as an example to demonstrate the process. Whether you're transferring assets between OKX accounts or from external platforms, these steps ensure secure and efficient transactions.
What Is Cryptocurrency Deposit?
A deposit refers to transferring digital assets into your exchange account or decentralized wallet. On OKX, you can move assets from other crypto platforms or personal wallets into your OKX account for trading and management.
How to Deposit to OKX Account
Internal Transfers (OKX to OKX)
For transferring assets between two OKX accounts:
- Use the Internal Transfer feature
- Benefits: Instant settlement & zero blockchain fees
OKX Account to OKX Web3 Wallet
Utilize dedicated transfer channels for seamless movements between OKX products.
External Platform/Wallet to OKX
Follow this detailed process:
Obtain Deposit Address:
- Open OKX App → Click "Deposit" on homepage/assets page
- Select cryptocurrency and network
- Save the generated QR code/address
Initiate Withdrawal from Sending Platform:
- Choose matching cryptocurrency and chain
- Paste OKX deposit address as recipient
- Enter amount and confirm gas fees
- Verify all details before submission
👉 Master cryptocurrency deposits with OKX's secure platform
Critical Reminder: Always match:
- Cryptocurrency (e.g., BTC)
- Blockchain network (e.g., Bitcoin)
Mismatches may lead to permanent asset loss.
After network confirmations (visible in blockchain explorers), your deposited assets will appear in OKX. You can then access various trading products including:
- Spot trading
- Derivatives (futures/options)
- Copy trading
- Strategy tools
Key Deposit Considerations
Coin-Network Compatibility:
- Only send selected cryptocurrency to generated address
- Cross-chain deposits are irrecoverable
Network Confirmations:
- Required confirmations vary per coin
- Check blockchain for progress
Minimum Deposits:
- Some coins enforce minimum amounts
- Sub-minimum deposits won't credit
Supported Networks:
- Ensure withdrawal platform supports deposit network
- Mismatched networks cause failed transactions
Memo/Tags (For Certain Coins):
- XRP, EOS, etc. require additional identifiers
- Always include both address and memo
FAQ Section
How long do deposits take?
Processing times vary by network congestion. Bitcoin typically takes 10-60 minutes for 1 confirmation.
Can I cancel a deposit?
No. Blockchain transactions are irreversible once broadcasted.
Why hasn't my deposit arrived?
Check:
- Correct address/network usage
- Sufficient network confirmations
- Sender's transaction ID status
👉 Troubleshoot deposit issues with OKX support
Are there deposit fees?
OKX doesn't charge receiving fees. Network (gas) fees apply when sending from other platforms.
What if I sent wrong cryptocurrency?
Contact support immediately with transaction details. Recovery isn't guaranteed.
How many confirmations are needed?
Varies by coin. ETH requires 12+ confirmations, while BTC needs 1+.