Depositing, Withdrawing, and Transferring Cryptocurrencies on OKEx Made Easy

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OKEx simplifies the process of sending and receiving cryptocurrencies. Follow these straightforward steps to manage your assets seamlessly, even as a beginner.

1. Depositing Cryptocurrencies: How to Fund Your OKEx Account from External Wallets

  1. Navigate to Deposit:

    • Log in to your OKEx account.
    • Click on "Assets" at the top-right corner and select "Deposit" from the dropdown menu.

  2. Select the Correct Token:

    • Under "Select Token", choose the cryptocurrency you wish to deposit (e.g., BTC, ETH).
    • Critical: Ensure the token matches the deposit address. Sending BTC to an ETH address will result in permanent loss.

    👉 Avoid common deposit mistakes

  3. Copy and Use the Deposit Address:

    • A unique wallet address will appear for your selected token.
    • Copy this address (similar to an IBAN) and paste it into the withdrawal field of your external wallet/platform.

  4. Tag/Memo Requirements:

    • Some tokens (e.g., XRP, EOS) require a tag/memo for transfers. Double-check this information to prevent errors.

2. Withdrawing Cryptocurrencies: Moving Funds Out of OKEx

  1. Initiate Withdrawal:

    • Go to "Assets" → "Withdraw".
    • Select the token you wish to withdraw (e.g., BTC).

  2. Enter the Destination Address:

    • Paste the external wallet address where you want to send the funds.
    • Verify accuracy: A single typo can lead to irreversible loss.

  3. Complete Security Checks:

    • For first-time withdrawals to a new address, OKEx may send an email confirmation. Approve the transaction via the email link.

  4. Tag/Memo Reminder:

    • If applicable, include the correct tag/memo for tokens like XRP or EOS.

3. Internal Transfers: Moving Funds Between OKEx Sub-Accounts

  1. Purpose of Sub-Accounts:

    • OKEx offers specialized accounts (e.g., Spot Trading, Futures, Savings) to organize funds and prevent mix-ups.

  2. How to Transfer:

    • Navigate to "Assets" → "Transfer".
    • Select the source and destination accounts (e.g., from Funding to Futures).
    • Enter the amount and confirm.

  3. Zero Fees:

    • Transfers between OKEx accounts are commission-free.

FAQ Section

Q1: What happens if I send a token to the wrong address?

A1: The funds will be permanently lost due to blockchain’s immutable nature. Always verify addresses before sending.

Q2: Why does OKEx require a tag/memo for some tokens?

A2: Networks like XRP use tags/memos to identify recipients within shared addresses. Without it, deposits may fail.

Q3: Are there minimum deposit amounts?

A3: Yes. Check the token’s deposit page for minimum requirements before transferring.

Q4: How long do withdrawals take?

A4: Processing times vary by blockchain congestion. BTC withdrawals typically take 10–30 minutes.

Q5: Can I cancel a withdrawal?

A5: Only if the status is "Pending." Once processed, withdrawals cannot be reversed.

Q6: Is there a limit on internal transfers?

A6: No limits apply. Transfer funds freely between OKEx sub-accounts.

👉 Explore OKEx’s security features

Note: Cryptocurrency trading involves significant risk. Only invest what you can afford to lose. This guide is not financial advice.