OKX Deposit
How to Deposit in OKX
How to Buy Crypto with Credit/Debit Card on OKX
Buy Crypto with Credit/Debit Card (Web)
1. Log in to your OKX account and click [Buy Crypto] - [Express buy].
2. Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. Click [Buy USDT].
3. Choose to buy with your VISA, then click [Next]. Check your order preview and click [Buy USDT].
4. You will be redirected to Banxa’s page, where you can click [Create Order].
5. Enter your card information and click [Continue].
6. After the payment is completed, you can see the order status and [Return to OKX].
Buy Crypto with Credit/Debit Card (App)
1. Get started by choosing the menu icon on the top left corner, then click [Buy].
2. Choose the crypto you want to buy and the amount, choose [Select payment method].
3. Choose to pay with VISA or MasterCard and confirm your order.
4. You will be directed to the Banxa’s page. Fill in your card order and wait for it to be completed.
How to Buy Crypto on OKX P2P
Buy Crypto on OKX P2P (Web)
1. Log in to OKX, go to [Buy crypto] - [P2P trading].
2. Select the crypto you want to receive, and payment methods you want to use. Select [Buy] next to your preferred offer.
3. Fill in the amount within the order limit and select the payment method. Select [Buy USDT with 0 fees] to proceed.
Note: at this point, OKX will hold the crypto being bought until the seller confirms the payment has been received, the order has been canceled by you or the order times out. You mustn’t pay if the order is at risk of timing out because seller will regain the crypto held earlier when the timer reaches zero if the payment hasn’t been marked as complete.
4. Check your order and [Confirm].
5. Select [I have paid] once you’ve paid via the payment App/method chosen. When the seller confirms receipt of payment, you’ll receive the crypto in your OKX account.
Note: You can see a chatbox on the order page on the right side if you need to message the seller for any reason.
Buy Crypto on OKX P2P (App)
1. Log in to OKX, go to [P2P trading].
2. Select the crypto you want to receive, and payment methods you want to use. Select [Buy] next to your preferred offer.
3. Fill in the amount within the order limit and select the payment method. Select [Buy USDT with 0 fees] to proceed.
Note: at this point, OKX will hold the crypto being bought until the seller confirms the payment has been received, the order has been canceled by you or the order times out. You mustn’t pay if the order is at risk of timing out because the seller will regain the crypto held earlier when the timer reaches zero if the payment hasn’t been marked as complete.
4. You can chat with the seller and preview your order. Once check, choose [Get payment details].
5. Select [I have paid] once you’ve paid via the payment App/method chosen. When the seller confirms receipt of payment, you’ll receive the crypto in your OKX account.
How to Buy Crypto on OKX via Third-party payment
1. Log in to your OKX account and go to [Buy crypto] - [Third-party payment].
2. Enter the amount you wish to buy.
3. Scroll down and choose your payment gateway, click [Buy now] - [Pay] after you have confirmed your order.
4. You will be redirected to Banxa’s page, where you can click [Create Order].
5. Enter your card information and click [Continue].
6. After the payment is completed, you can see the order status and [Return to OKX].
How to Deposit Crypto on OKX
Deposit Crypto on OKX (Web)
1. Log in to your OKX account and go to [Assets] - [Deposit].
2. Select the crypto you want to deposit then click [Next].
3. Deposit details will then automatically generate. Select your OKX account in the "Deposit to" field to receive your transaction.
You can either select Copy to copy the deposit address to your withdrawal platform or scan the QR code using your withdrawal platform app to make the deposit.
Note:
- Make sure selected crypto and network on both OKX and your withdrawal platform are the same to ensure a successful deposit. Otherwise, you’ll lose your assets.
- You can find the minimum amount, required confirmation numbers, and contact address on the Deposit page
- You won’t receive your assets if you deposited the crypto amount less than the minimum amount.
- Some crypto (e.g. XRP) generates a tag/memo which is usually a string of numbers. You need to enter both the deposit address and tag/memo when you’re depositing. Otherwise, you’ll lose your assets.
Deposit Crypto on OKX (App)
1. Open your OKX app and choose [Deposit].
2. Choose the cryptocurrency you want to deposit. Please choose the deposit network carefully and make sure that the selected network is the same as the network of the platform you are withdrawing funds from.
3. You can either select Copy to copy the deposit address to your withdrawal platform app or scan the QR code using your withdrawal platform app to make the deposit.
4. After confirming the deposit request, the transfer will be processed. The funds will be credited to your OKX account shortly after.
Frequently Asked Questions (FAQ)
Why am I not able to deposit EUR with SEPA bank transfer?
You can complete a EUR deposit from your bank account to your OKX account. EUR local bank transfers are currently only offered to our European customers (residents from EEA countries, excluding France).
Why hasn’t my deposit been credited?
It could be due to one of the following reasons:
Delayed from block confirmation- You can check if you’ve input the correct deposit information and your transaction status on the blockchain. If your transaction is on the blockchain, you can check if your transaction reaches the required confirmation numbers. You will receive your deposit amount once it reaches the required confirmation numbers.
- If your deposit can’t be found on the blockchain, you can reach out to your corresponding platform’s customer support for assistance.
Deposit different cryptos
Before you submit a deposit request, make sure that you’ve selected the crypto supported by the corresponding platform. Otherwise, it could lead to deposit failure.
CT-app-deposit on chain select crypto
Select the crypto that is supported by the corresponding platform
Incorrect address and network
Before you submit a deposit request, make sure that you’ve selected the network supported by the corresponding platform. Otherwise, it could lead to deposit failure.
CT-app-deposit on chain select network
Select the deposit network which is supported by the corresponding platform in the Deposit network field. For example, you would like to deposit ETH to a BTC address that is not compatible. This can lead to deposit failure.
Incorrect or missing tag/memo/comment
The crypto that you want to deposit might require filling in a memo/tag/comment. You can find it on the OKX deposit page.
Deposit to smart contract addresses
Before you submit a deposit request, make sure that you’ve selected the deposit contract address supported by the corresponding platform. Otherwise, it could lead to deposit failure.
CT-app-deposit on chain view contract address
Make sure the deposit contract address is supported by the corresponding platform
Blockchain reward deposits
The profit from mining can only be deposited into your wallet. You can only deposit the rewards into the OKX account once it is deposited into your wallet, as OKX doesn’t support blockchain reward deposits.
Combined deposits
When you want to do a deposit, make sure you submit only one deposit request each time. If you submit multiple requests into a single deposit transaction, you’ll not receive your deposit. In such a case, you can reach out to our customer support for assistance.
Fail to reach the minimum deposit amount
Before you submit a deposit request, make sure that you deposit at least the minimum amount which you could find on our OKX deposit page. Otherwise, it could lead to deposit failure.
Why is my deposit locked?
1. P2P T+N risk control is triggered
When you’re buying crypto through P2P trading, our risk control system will comprehensively assess your transaction risks and impose N-day restrictions on the withdrawal and P2P sales of the equivalent amount of assets in your transaction. It is recommended that you wait patiently for N days and the system will automatically lift the restriction
2. Travel rule additional verification is triggered
If you’re in regulated regions, your crypto transactions are subjected to the Travel Rule as per local laws, which you may require supplementary information for it to be unlocked. You should obtain the legal name of the sender and ask whether they are sending from an exchange or private wallet address. Additional information such as, but not limited to, country of residence may also be required. Depending on your local law and regulations, your transaction may remain locked until you provide the information required of the person who sent you the fund.
Who is eligible to buy and sell crypto using the fiat gateway?
Anyone with a registered OKX account, verified their email or mobile number, who set up 2FA identification and fund’s password in the security settings, and has completed verification.
Note: your third-party account’s name shall be identical to OKX account’s name
How long does it take to receive fiat when selling crypto?
It is subject to the fiat merchant’s discretion. If you choose to sell and receive through a bank account, the process can take 1-3 business days. It only takes a few minutes to sell and receive via a digital wallet.
How to Trade Crypto on OKX
How to Trade Spot on OKX (Web)
1. In order to start trading crypto, you will need to first transfer your crypto assets from the funding account to the trading account. Click [Assets] - [Transfer].
2. The Transfer screen will allow you to select your desired coin or token, view its available balance and transfer all or a specific amount between your funding and trading accounts.
3. You can access OKX’s spot markets by navigating to [Trade] on the top menu and selecting [Spot].
Spot trading interface:
4. Once you decide on your desired price, enter it into the ‘Price (USDT)’ field followed by the ‘Amount (BTC)’ you wish to buy. You will then be shown your ‘Total (USDT)’ figure and can click on [Buy BTC] to submit your order, provided you have enough funds (USDT) in your trading account.
5. Submitted orders remain open until they get filled or are canceled by you. You can view these in the ’Open Orders’ tab on the same page, and review older, filled orders in the ’Order History’ tab. Both these tabs also provide useful information such as the average filled price.
How to Trade Spot on OKX (App)
1. In order to start trading crypto, you will need to first transfer your crypto assets from the funding account to the trading account. Click [Assets] - [Transfer].
2. The Transfer screen will allow you to select your desired coin or token, view its available balance and transfer all or a specific amount between your funding and trading accounts.
3. You can access OKX’s spot markets by navigating to [Trade].
Spot trading interface:
4. Once you decide on your desired price, enter it into the ‘Price (USDT)’ field followed by the ‘Amount (BTC)’ you wish to buy. You will then be shown your ‘Total (USDT)’ figure and can click on [Buy BTC] to submit your order, provided you have enough funds (USDT) in your trading account.
5. Submitted orders remain open until they get filled or are canceled by you. You can view these in the ’Open Orders’ tab on the same page, and review older, filled orders in the ’Order History’ tab. Both these tabs also provide useful information such as the average filled price.
Frequently Asked Questions (FAQ)
What is Stop-Limit?
Stop-Limit is a set of instructions for placing a trade order at predefined parameters. When the latest market price reaches the trigger price, the system will automatically place orders according to the pre-set price and amount.
When a Stop-Limit is triggered, if the user’s account balance is lower than the order amount, the system will automatically place order according to the actual balance. If the user’s account balance is lower than the minimum trading amount, order cannot be placed.
Case 1 (Take-profit):
- The user buys BTC at USDT 6,600 and believes that it will drop when it reaches USDT 6,800, he can open a Stop-Limit order at USDT 6,800. When the price reaches USDT 6,800, the order will be triggered. If the user has 8 BTC balance, which is lower than the order amount (10 BTC), the system will automatically post an order of 8 BTC to the market. If the user’s balance is 0.0001 BTC and the minimum trading amount is 0.001 BTC, the order cannot be placed.
Case 2 (Stop-loss):
- The user buys BTC at USDT 6,600 and believes that it will continue to drop below USDT 6,400. To avoid further loss, the user can sell his order at USDT 6,400 when the price drops to USDT 6,400.
Case 3 (Take-profit):
- BTC is at USDT 6,600 and the user believes that it will rebounce at USDT 6,500. In order to buy BTC at a lower cost, when it drops below USDT 6,500, a buy order will be placed.
Case 4 (Stop-loss):
- BTC is at USDT 6,600 and the user believes that it will continue to rise to over USDT 6,800. To avoid paying for BTC at a higher cost above USDT 6,800, when BTC rises to USDT 6,802, orders will be placed as the BTC price has fulfilled the order requirement of USDT 6,800 or above.
What’s a limit order?
A limit order is an order type that caps the maximum buying price of the buyer as well as the minimum selling price of the seller. Once your order is placed, our system will post it on the book and match it with the orders available at the price you specified or better.
For example, imagine the current BTC weekly futures contract market price is 13,000 USD. You’d like to buy it at 12,900 USD. When the price drops to 12,900 USD or under, the preset order will be triggered and filled automatically.
Alternatively, if you’d like to buy at 13,100 USD, under the rule of buying at a more favorable price for the buyer, your order will be immediately triggered and filled at 13,000 USD, instead of waiting for the market price to rise to 13,100 USD.
Lastly, if the current market price is 10,000 USD, a sell limit order priced at 12,000 USD will only be executed when the market price rises to 12,000 USD or above.
What’s token trading?
Token-to-token trading refers to exchanging a digital asset with another digital asset.
Certain tokens, like Bitcoin and Litecoin, are typically priced in USD. This is called a currency pair, which means a digital asset’s value is determined by its comparison to another currency.
For example, a BTC/USD pair represents how much USD is required to buy one BTC, or how much USD will be received for selling one BTC. The same principles would apply to all trading pairs. If OKX were to offer a LTC/BTC pair, the LTC/BTC designation represents how much BTC is required to buy one LTC, or how much BTC would be received for selling one LTC.
What are the differences between token trading and cash-to-crypto trading?
While token trading refers to the exchange of a digital asset for another digital asset, cash-to-crypto trading refers to the exchange of a digital asset for cash (and vice versa). For example, with cash-to-crypto trading, if you buy BTC with USD and the BTC price increases later, you can sell it back for more USD. However, if the BTC price drops, you can sell for less. Just like cash-to-crypto trading, the market prices of token trading are determined by supply and demand.
