How to Choose the Right Network for Crypto Deposits and Withdrawals

Sending crypto assets between platforms can be confusing for beginners. A common mistake is selecting the wrong blockchain network during transfers, which may result in lost funds. Follow this guide to ensure seamless transactions.

Understanding Blockchain Networks

Cryptocurrency tokens only function on their native blockchains—each operates like a separate "language." While OKX automatically selects the correct network for most assets, some require manual network selection (e.g., USDT supports ERC-20, TRC-20, etc.).

Key Rules:

• Deposit and withdrawal networks must match (e.g., USDT-ERC20 to USDT-ERC20).
• Network choice impacts speed, fees, and security.

Step-by-Step: Selecting a Deposit Network (USDT Example)

1. Navigate to Deposits
   In the OKX App:
   Assets > Overview > Deposit > On-chain Deposit > USDT.

2. Choose Your Network
   Options include:

   • USDT-TRC20: Faster, lower fees (ideal for small transfers).
   • USDT-ERC20: Slower, higher fees (better for large amounts).

3. Complete the Transfer

   • Copy OKX’s deposit address.
   • Paste it into the withdrawal field on your sending platform.
   • Confirm all details before submitting.

Network Comparison Table

FAQs

Q: What happens if I choose the wrong network?
A: Funds may be permanently lost. Always verify the receiving platform’s supported networks.

Q: Why are fees different across networks?
A: Blockchains have varying congestion levels and security protocols—e.g., Ethereum’s ERC-20 has higher gas fees than Tron’s TRC-20.

Q: Can I change networks mid-transaction?
A: No. Crypto transactions are irreversible once broadcasted.

👉 Master crypto transfers with OKX’s security features

Pro Tips

• Double-check addresses: A single typo can send funds to the wrong wallet.
• Test with small amounts: For first-time transfers, send a minimal sum to confirm network compatibility.

Always prioritize network consistency over speed or cost to safeguard your assets.