What Is the Satoshi Test on OKX?
The Satoshi test is a security protocol designed by OKX to confirm a user’s control over a withdrawal wallet address. It requires sending a small, predetermined amount of cryptocurrency to a unique address provided by OKX during the verification process.
👉 Learn more about the Satoshi test rules
Why Is the Satoshi Test Required?
- Regulatory Compliance: Ensures adherence to the Travel Rule (a global anti-money laundering standard).
- Security Enhancement: Verifies ownership of the withdrawal address to prevent unauthorized transactions.
How the Satoshi Test Works
Key Steps:
- Amount: Send a random value (typically 1–10 USDT equivalent) specified by OKX.
- Network Fees: The user covers transaction fees; the test amount is refunded afterward.
- Time Limit: Complete within the stipulated timeframe (displayed during setup).
Supported Cryptocurrencies:
- Only the asset matching your withdrawal network (e.g., BTC for Bitcoin withdrawals).
Common Questions
1. What If I Send the Wrong Amount?
- The test fails, and your deposit may be locked.
- Solution: Provide sender details or restart the test with the correct amount.
2. Are There Fees?
- Yes, network fees apply (e.g., gas fees for ETH).
3. How Long Does Verification Last?
- Addresses stay verified for 6 months unless changed.
4. What If My Network Isn’t Supported (e.g., TON)?
Options:
- Withdraw via "Exchange or platform" entry point.
- Convert assets to a supported cryptocurrency.
Tips for Success
- Double-check the amount and address before sending.
- Track time limits—delays may require restarting.
👉 Explore OKX’s security features
FAQs
Q: Can I reuse a verified address after 6 months?
A: Yes, but repeat the Satoshi test if prompted.
Q: Is the test mandatory for all withdrawals?
A: Only for new or unverified addresses.
Q: What’s the refund timeline for the test amount?
A: Typically credited within 1–2 business days.
Q: Why does OKX enforce this test?
A: To protect users from fraudulent withdrawals and comply with global regulations.
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