How do I make a deposit? (app)

Published on Aug 22, 2023Updated on Jun 29, 20262 min read

This information may not apply to all customers

to check if the products, features, rules, and terms in this article apply to you.

What is a deposit?

A deposit refers to transferring digital assets from another exchange to the OKX platform, similar to a bank transfer. For example, A gives B a bank card number, and B goes to the bank with this card number to deposit money into A's designated bank account. This process is analogous to making a deposit.

When depositing, all digital assets require a deposit address; for some digital assets, in addition to the deposit address, a tag (also known as Tag/Memo) must be provided.

When depositing, be sure to keep the asset name and the network used for deposit and withdrawal consistent. Currently, the platform does not support digital assets such as USDT on BSC.

Can I make a deposit?

Only accounts that have completed identity verification can make deposits.
If your account is frozen or restricted, your deposit function may be limited. Please refer to what is displayed on your page for the current status.

How to deposit? (App)

There are 2 ways to make a deposit to your account:

Method 1: open your OKX app, select Deposit crypto
Method 2: open your OKX app, go to Assets > Select Deposit > Deposit crypto

Select the deposit crypo and network. When selecting a deposit network, make sure the withdrawal network chosen on the other exchange or wallet matches the deposit network on OKX — otherwise your assets may be lost.

[Image row: How to deposit App 02]

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Illustration of selecting deposit/withdrawal networks

On Deposit account, you can select whether to deposit to your Funding or Trading account.
Then, you can choose either:
Method 1: copy the deposit address
Copy the deposit address provided by OKX and paste it into the withdrawal address field on the other platform or wallet to complete the deposit.

Method 2: scan the deposit QR code
Use the QR code scanning feature on the other platform or wallet to scan the deposit address QR code displayed on OKX to complete the deposit.

Go to Assets > Bills > Assets to check the deposit progress.

Note:

The withdrawal and transfer functions on this platform can be accessed by tapping [Assets] --- [Withdraw] --- [Withdraw Crypto]. The specific location of these functions on third-party platforms (other exchanges or wallets) may vary. Please carefully review the menu options on the third-party platform to find the corresponding function entry. Always double-check before performing any operation to ensure the security of your assets. You can refer to: How do I make a withdrawal? (App)
Some coins require a tag, such as XRP. The required tag will be indicated above the deposit address, usually as a string of numbers. When depositing these coins, you must enter both the deposit address and the tag, otherwise the assets will be lost.
For more information, click: How do I select the correct network for my crypto withdrawals and deposits?

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto/digital assets, or (iii) financial, accounting, legal, or tax advice. Crypto/digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding crypto/digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

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