When depositing or withdrawing cryptocurrencies on OKX, selecting the correct network is crucial. The chosen deposit and withdrawal networks must match—otherwise, you risk losing your assets. Think of it like transportation: cars need roads, trains require rails, and boats need waterways. Mismatched choices lead to failed transactions.
Important Note:
⚠️ The platform currently does not support BSC (Binance Smart Chain) for USDT deposits/withdrawals. Using BSC may result in permanent asset loss.
How to Select the Correct Network?
Here’s a step-by-step guide using USDT (the most common digital asset) as an example:
Network Consistency is Key
- The withdrawal network used by external exchanges/wallets must match OKX’s deposit network.
- Example: If you select USDT-Ethereum for deposits, withdrawals must also use USDT-Ethereum.
- Withdrawal Network Alignment
The same rule applies to withdrawals—always ensure the network matches the original deposit network.
Deposit Walkthrough (OKX App)
- Open the OKX App → Navigate to [Assets] → [Overview] → [Deposit].
Select USDT and choose a supported network:
- Tron (TRC20)
- Ethereum (ERC20)
- OKT Chain
(Note: Network names now display underlying platforms, e.g., "Tron" instead of "TRC20")
- Network Comparison
| Network | Speed | Fees | Best For |
|------------------|--------|-------|-------------------|
| USDT-Tron | Fast | Low | Small transactions|
| USDT-Ethereum| Slow | High | Large transactions| - Copy your OKX deposit address and paste it into the withdrawal section of your external wallet/exchange. Confirm details to complete.
FAQ
Q1: Why can’t I see TRC20/ERC20 options after the update?
A: OKX now displays underlying platform names (e.g., "Tron" for TRC20). Functionality remains unchanged. 👉 Learn more.
Q2: What happens if I use the wrong network?
A: Assets may be permanently lost. Always double-check network compatibility.
Q3: Which network is safest for large USDT transfers?
A: Ethereum offers higher security despite slower speeds and higher fees.
Q4: Is BSC supported for other cryptocurrencies?
A: Check OKX’s latest announcements, as supported networks may update.
👉 Maximize your crypto transactions with OKX’s secure networks
Remember: Network precision ensures asset safety. Always verify before transferring!