Depositing refers to transferring crypto assets from your wallet or another platform's account to your OKX account. If you need to transfer assets from other platforms to OKX, follow these deposit steps. This guide will use Bitcoin as an example to demonstrate the deposit process.
Step-by-Step Guide to Depositing Digital Assets
Depositing crypto assets involves transferring them from an external wallet or exchange to your OKX account. For transfers between OKX accounts, use internal transfers for faster processing and zero blockchain fees. To deposit from external sources, follow these steps (Note: OKX Web3 Wallet offers quick transfer options to OKX exchange accounts).
Step 1: Access the Deposit Interface
- Open the OKX app (download guide here).
- Click "Deposit" on the homepage or in the assets section.
- Select your cryptocurrency and network to generate a deposit address.
- Save the QR code or copy the address for funding.
Step 2: Initiate Transfer from Source Platform
- Open your wallet/source exchange.
Navigate to Send/Withdraw and select:
- Matching coin and network (e.g., BTC-Bitcoin)
- Paste your OKX deposit address
- Enter amount and confirm fees
- Verify all details before submitting.
⚠ Critical: Ensure the withdrawal coin/network EXACTLY matches your OKX deposit selections (e.g., both BTC-Bitcoin) to prevent permanent asset loss.
Step 3: Confirm Deposit Completion
- Network confirmations may take several minutes to hours.
Track progress via:
- Deposit history page
- Asset balance updates
- Funds become available for trading upon confirmation.
Key Considerations for Successful Deposits
| Requirement | Details |
|---|---|
| Coin-Network Match | Deposit address only accepts the selected coin/network |
| Minimum Deposits | Some coins require minimum amounts (check prompts) |
| Tag/Memo Use | XRP etc. require both address AND tag (displayed below address) |
| Network Confirmations | Varies by blockchain (check deposit page for details) |
Common Deposit Scenarios
- Exchange-to-OKX: Follow standard withdrawal process from source platform
- Wallet-to-OKX: Use "Send" function with OKX deposit address
- Internal OKX Transfer: Instant with no network fees
Frequently Asked Questions
Q: How long do deposits take?
A: Processing times vary by network congestion and confirmation requirements. Bitcoin typically requires 1-6 confirmations (~10-60 minutes).
Q: What if I send wrong coin/network?
A: Recovery may not be possible. Always triple-check selections before submitting.
Q: Are there deposit fees?
A: OKX doesn't charge deposit fees, but network/miner fees apply for blockchain transactions.
Q: Can I cancel a deposit?
A: Blockchain transactions are irreversible once broadcasted.
👉 Explore OKX trading features
Next Steps After Deposit
Once funds arrive, explore OKX's trading options:
- Spot trading
- Futures contracts
- Earn products
Remember: This guide doesn't constitute investment advice. Cryptocurrency investments carry inherent risks—only deposit what you can afford to lose.