When depositing funds on OKX, the first step is identifying your cryptocurrency and its supported deposit networks. For example, USDT offers multiple options including ERC20 and TRC20 networks. This guide simplifies the selection process while optimizing security and efficiency.
Step-by-Step Guide to OKX Deposits
1. Account Registration
Begin by creating an OKX account:
- Visit the official OKX exchange website
- Click the prominent 【Register】 button
- Complete email verification with the received code
- Finalize registration with mobile number authentication
2. Identity Verification (KYC)
OKX requires three-tier verification for enhanced security:
- LV.1: Basic authentication
- LV.2: Advanced document submission
- LV.3: Video verification via OKX mobile app
Higher verification levels unlock better fiat trading rates with vetted merchants.
👉 Start trading securely on OKX today
Choosing Your Deposit Network
Key Considerations
- Network Compatibility
Ensure withdrawal networks match OKX's deposit selection (e.g., USDT-TRC20 requires TRC20 withdrawals). - Special Requirements
Some currencies like XRP require memo tags—omitting these causes irreversible fund loss. Cost vs. Speed Tradeoffs
Network Fee Range Speed ERC20 High Fast TRC20 Low Moderate OEC Medium Varies
Executing Deposits & Withdrawals
Deposit Process
- Navigate to 【Asset Management】
- Select your cryptocurrency (e.g., USDT)
- Choose from supported networks (ERC20/TRC20/OEC)
- Copy the generated deposit address
Withdrawal Precautions
- Always verify network consistency across platforms
- Triple-check addresses before confirming transactions
- Cross-reference minimum deposit/withdrawal amounts
FAQs
Q: What happens if I select the wrong network?
A: Mismatched networks result in permanent fund loss—always confirm compatibility.
Q: Why does OKX require multiple verification levels?
A: Tiered KYC enhances account security and unlocks better trading conditions.
Q: How long do deposits take to process?
A: Times vary by network—ERC20 typically confirms within 10 minutes, TRC20 may take 30+ minutes.
Q: Are memo tags always required?
A: Only for specific currencies like XRP; check deposit instructions carefully.
Best Practices for Secure Transactions
- Bookmark Official Links
Avoid phishing by only accessing OKX through verified URLs. - Enable 2FA
Add an extra security layer via Google Authenticator or SMS. - Test Small Amounts First
Verify the process with minimal transfers before large deposits.
👉 Explore OKX's network options now
Disclaimer: Cryptocurrency investments carry risks. This guide provides general information—always conduct independent research before transacting.
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