Let’s get to the most important point first: OKX only supports deposits in cryptocurrencies. You cannot deposit fiat currencies, such as USD or EUR, directly into your OKX trading account. Instead, you need to deposit cryptocurrencies that are supported by the platform.
Although you can only deposit crypto to OKX’s main trading platform, you can use OKX’s Express Buy or P2P Trading options to buy cryptocurrencies directly with fiat.
Making a Cryptocurrency Deposit on OKX
To deposit cryptocurrencies into your OKX account, follow these steps:
- Log in to your account on okx.com.
- Go to the “Assets” section, which is located at the top of the website.
- Find the cryptocurrency you wish to deposit, and click the “Deposit” button.
- After clicking the deposit button, OKX will present you with a wallet address and a QR code. This is your unique deposit address for the selected cryptocurrency.
- From your external wallet or another exchange, send the desired amount of cryptocurrency to the provided wallet address or scan the QR code. You must transfer the correct cryptocurrency type to the corresponding address/domain.
- Allow some time for the transaction to be processed by the blockchain network. Once the transfer has enough confirmations on the blockchain, your deposited crypto will show as an available balance in your OKX account.
It’s important to note that OKX has a verification system to ensure your account’s security. As part of this system, you may be required to complete specific verification steps depending on the network or coin being deposited.
To avoid losing your cryptocurrency during the deposit process remember to double-check the accuracy of your deposit address, type of cryptocurrency, and the blockchain network you are using to send your crypto.
Entering any of these incorrectly can result in losing the crypto that you send, so take your time and thoroughly check that you have everything perfectly entered.
Buying Crypto Using Express Buy
You can use the Express Buy feature to deposit money on OKX and purchase cryptocurrency. This method is straightforward and convenient, especially if you’re new to cryptocurrencies. Follow these simple steps to buy crypto using Express Buy on OKX:
- Create an account: First, visit okx.com or download the OKX mobile application. Sign up for a new account or log into your existing OKX account.
- Verify your identity: You must complete the identity verification process for security purposes. This step is crucial to ensure the safety of your funds as well as to comply with necessary regulations.
- Select Express Buy: Once logged in, look for the “Express Buy” option on OKX’s website or mobile app.
- Choose your desired cryptocurrency: Browse the options and select the crypto you wish to buy. You will find popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others listed on OKX.
- Enter the amount: Decide how much of the chosen cryptocurrency you want to buy, and input the corresponding amount in your preferred fiat currency.
- Select payment method: You can fund your purchase using various payment methods such as Visa, Mastercard, or other supported options. Choose the most convenient option for your needs.
- Review and confirm: Double-check the details of your purchase. Verify the amount of crypto, the corresponding fiat value, and the selected payment method. Once you’re satisfied, proceed to confirm your purchase.
- Receive your crypto: After completing the Express Buy process and upon successful payment, your newly purchased cryptocurrency will be automatically transferred to your OKX account.
Following these steps, you can quickly and easily buy cryptocurrencies on OKX using the Express Buy feature. As you become more familiar with the platform and cryptocurrency markets, you can explore additional trading options available on OKX, such as spot trading or futures trading. Remember to stay informed, exercise caution, and manage your risk as you venture into the exciting world of cryptocurrencies.
Buying Crypto Using Third-Party Payments
Bank Transfer
To deposit funds on OKX using a bank transfer, navigate to the “Third-party payment” option and select a provider that supports your bank. Note that fees and processing times may vary depending on the provider.
Ensure your account is verified with your personal information and 2FA is enabled before initiating a bank transfer.
Wire Transfer
For wire transfers, again go to the “Third-party payment” section and choose a provider that supports wire transfers. Both international and domestic wire transfers can be used, although fees and processing times will vary. Ensure that your OKX account has proper registration, verification, and 2FA enabled.
Credit Card
Funding your OKX account using a credit card is straightforward. Select “Buy with card” and choose a supported credit card, such as Visa or Mastercard. This method might incur fees, and your card should be registered with your account in advance.
Debit Card
Like using a credit card, you can deposit funds using a debit card. Head to the “Buy with card” option on OKX and select your debit card. Fees may apply, and it’s essential to register your card beforehand.
Apple Pay
For Apple Pay deposits, navigate to the “Third-party payment” section. Look for a provider that supports Apple Pay. While using this method, you should expect possible fees and ensure your account has completed the registration and verification.
Google Pay
To use Google Pay, visit the “Third-party payment” section and choose a provider that accepts Google Pay. Remember that fees might apply, and ensure you have finished the registration and verification steps for your OKX account.
SEPA
For SEPA transfers, head to the “Third-party payment” option and select a provider compatible with SEPA transfers. Before starting the transfer, verify that your account has completed registration, personal information, and 2FA verification.
Banxa
To use Banxa for funding your OKX account, go to the “Third-party payment” section and select Banxa from the list of providers. Be aware that fees may apply for this method, and ensure your account is in good standing by completing the registration and verification process.
Simplex
For deposits through Simplex, find this option in the “Third-party payment” section. Choose Simplex from the list of providers, and remember that fees might apply. Ensure your OKX account is fully registered and verified before using this method.
Other Deposit Methods
OKX supports other payment methods, including P2P trading and additional third-party channels. Always confirm that your account has completed registration, personal information, and 2FA verification before attempting any deposits, and be prepared for potential fees and processing times.
OKX Deposit & Withdrawal Limits
After registering an OKX account and before you verify your account, you will be able to make limited deposits.
You will not be able to withdraw any funds from OKX until you verify your identity. Read our full guide on how to verify your OKX account for more info.
Once your account is fully verified, your limits will be as follows:
Frequently Asked Questions
How can I link a bank account to OKX?
OKX does not directly support linking a bank account for deposits or withdrawals. However, you can utilize third-party payment methods like Easypaisa, JazzCash, and Bank transfers to deposit money into your OKX account.
What are the steps to fund my OKX account?
- Log in to your OKX account.
- Go to the Assets section and select Deposit.
- Select the cryptocurrency that you want to deposit.
- Copy the deposit address provided by OKX.
- Initiate a transfer from your external wallet or another exchange, pasting the deposit address and entering the deposit amount.
- Confirm the transfer and wait for the deposit to be completed.
Can I use OKX as a cryptocurrency wallet?
Yes, you can use OKX as a cryptocurrency wallet. Once you deposit crypto into your OKX account, it will be stored in your OKX Wallet. You can manage your crypto assets directly from the wallet, including sending and receiving crypto from external addresses.
What are the supported deposit methods on OKX?
OKX supports deposits in various cryptocurrencies. Additionally, you can deposit funds using third-party payment methods like Easypaisa, JazzCash, and Bank transfers. Some options may also include purchasing crypto via credit or debit cards through partnered services like Banxa or Simplex.
Are there any deposit fees on OKX?
OKX does not charge fees for deposits made in cryptocurrency. However, you may incur network fees (like gas) when transferring crypto from an external wallet or another exchange. Regarding third-party payment methods, the fees may vary depending on the service and payment method used.
What are the deposit limits on OKX?
OKX generally does not impose deposit limits for cryptocurrencies. However, limits may apply when using third-party payment methods for deposits, and these limits may vary depending on the payment method and your account status. It is recommended to check the specific restrictions for your chosen method before depositing funds.
