The Travel Rule is an international regulation designed to prevent financial crimes. Starting December 30, 2024, we'll need to collect additional information for certain cryptocurrency transactions involving customers in the European Economic Area (EEA).
How Does the Travel Rule Affect Me?
The Travel Rule applies to all cryptocurrency deposits and withdrawals. When you withdraw or receive funds, you'll need to specify whether the transfer involves:
- Private wallets (self-custody/non-hosted)
- Exchange accounts
👉 Learn how to verify your private wallet ownership
Key Requirements:
- Sender/receiver details must match your platform identity verification records
- Transactions above €1,000 require wallet ownership verification
- Exchange transfers need the recipient's full registered name
Supported Transfer Channels
Private Wallets
- Provide full sender/receiver names for all transactions
Ownership verification required for transfers >€1,000 via:
- Cryptographic signature test
- Satoshi test (sending a random crypto amount to verify)
Exchange Accounts
- Select the receiving exchange from our supported list
- Provide recipient's full registered name
- Both exchanges must be Travel Rule compliant
Supported Exchanges:
Amdax (NL), Binance-global, BingX, BIT2ME, Bitget, Bitpanda, Bitstamp Europe S.A., Bitvavo (NL), Boerse Stuttgart Digital Custody, Bybit, CEX.io, Coinhouse, Coinmetro, Copper.co, Crypto.com, eToro, Gate.io, Kraken, MoonPay (UK), OKX entities, Revolut, WhiteBIT, Young Platform, Zonda.
👉 See our complete compliance partners list
Travel Rule FAQ
1. Does this affect my OKX trading?
No, it only impacts cryptocurrency deposits/withdrawals.
2. What happens if I don't share required information?
Transactions may be blocked until compliance information is provided.
3. What defines a private wallet?
Any self-custody wallet (hardware/cold storage) not hosted by an exchange.
4. Can I transfer to/from cold wallets?
Yes, but wallet ownership verification may be required.
5. How is wallet ownership verified?
Two methods:
- Cryptographic signature
- Satoshi test (time-sensitive microtransaction)
6. What if my deposit gets blocked?
Contact the sending exchange and ask them to:
- Provide Travel Rule documentation
Email us at [email protected] with:
- Transaction hash
- Token type
- Amount
- Deposit address
7. How do I know if an exchange is compliant?
Check our dropdown menu during withdrawal. Unlisted exchanges need to establish Travel Rule connectivity with us.
8. What if my exchange isn't listed?
Have them contact [email protected] to initiate compliance setup.
Key Takeaways
- The Travel Rule enhances cryptocurrency transaction transparency
- Compliance is mandatory for EEA users after December 2024
- Private wallet transfers require additional verification
- Exchange transfers only work between compliant platforms
- OKX provides tools to simplify compliance
For fastest resolution, always ensure:
- Your account details match external wallet/exchange records
- You're using Travel Rule-compliant partners
- You respond promptly to verification requests