Understanding OKX Deposit Networks
OKX is a leading global cryptocurrency exchange offering secure and efficient trading services. One critical aspect of using OKX is selecting the appropriate deposit network for your transactions. This guide will walk you through the essentials of choosing the right network for your needs.
Step-by-Step Process to Select a Deposit Network
Register an Account
- Visit the OKX official website and click "Register" in the top-right corner.
- Choose mobile registration, fill in your phone number and password, then complete the signup.
Identity Verification (KYC)
- Complete LV.1 (Basic), LV.2 (Advanced), and LV.3 (Video) verification on the OKX app.
- Higher verification levels unlock better trading rates and priority support.
Deposit Funds
- Navigate to Asset Management > Deposit.
- Select your cryptocurrency (e.g., USDT) and the compatible network (ERC20, TRC20, or OEC).
- Copy the wallet address and paste it into your external platform/wallet when withdrawing.
Key Reminder:
- Always match the withdrawal network (e.g., TRC20) with OKX’s deposit network to avoid losing funds.
- For coins like XRP, ensure you include both the address and the required tag.
FAQs About OKX Deposit Networks
Q1: What happens if I choose the wrong network?
A: Mismatched networks may result in permanent loss of funds. Double-check before confirming transactions.
Q2: Are there fees for depositing via different networks?
A: Yes. Fees vary by network (e.g., ERC20 gas fees). TRC20 is often cheaper for USDT transfers.
Q3: How long do deposits take?
A: Processing times depend on the network:
- TRC20: ~5–10 minutes
- ERC20: ~10–30 minutes (subject to Ethereum congestion).
👉 Learn more about OKX’s supported networks
Did OKX Rebrand?
Yes. Formerly known as OKEx, the platform rebranded to OKX in January 2022. It now offers:
- 300+ cryptocurrencies and 630+ trading pairs.
- Competitive fees (as low as 0.10% for spot trading).
- Advanced tools like futures, staking, and savings products.
Pro Tip: Hold OKX’s native token (OKB) to qualify for trading fee discounts.
Final Notes
Choosing the correct deposit network ensures smooth transactions on OKX. Stick to verified networks like TRC20 for speed or ERC20 for wider compatibility.
👉 Ready to start trading? Sign up here
Disclaimer: Cryptocurrency investments carry risks. Always research and comply with local regulations.