In the continuous development of digital currency trading, depositing funds has become a crucial step for users participating in digital asset transactions. To facilitate smooth and secure deposits, the OKX platform has updated the deposit addresses for certain cryptocurrencies, and users need to be informed and make adjustments in a timely manner to ensure the safety of their digital assets. Whether you are a novice trader or an experienced investor, understanding the relevant deposit processes and address changes is very important. Below, we will detail the definition of deposits, the process, and the precautions for depositing on the OKX platform to help users better master the deposit operations.
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What is a deposit?
A deposit refers to the process where users transfer digital assets from other exchanges or wallets to the OKX platform. This process is somewhat similar to traditional bank transfers. During this process, users need to provide a deposit address, which is like a bank account number, ensuring that funds can be transferred smoothly. It is important to note that for certain cryptocurrencies, not only is a deposit address required, but a tag (Tag/Memo) must also be filled out, especially for coins like XRP. When depositing, it is crucial to ensure that the selected cryptocurrency name matches the network for deposits and withdrawals, as the current platform does not support digital assets like USDT on BSC.
How to deposit? (App)
On the OKX platform, if users need to deposit digital assets from other platforms into OKX, they can follow these steps:
First, open the OKX App homepage, click on the [Assets] option, then select [Deposit] — [Deposit Digital Currency], where you can choose the cryptocurrency to deposit, such as USDT.
Next, select the appropriate deposit network, such as [OKT Chain], and then copy the corresponding deposit address. After that, open your account on other platforms or wallets, paste that address, and complete the deposit operation as required.
When selecting the deposit network, it is particularly important to ensure that the network chosen for withdrawal on other exchanges or wallets must be consistent with OKX's deposit network, for example, both should be USDT-TRON (TRC20). If they are inconsistent, the deposited assets may be lost.
After completing the above steps, you can return to the homepage, select [Assets] — [Deposit] — [Deposit Digital Currency] again, and click the recharge record icon in the upper right corner to view the corresponding deposit progress.
While performing these operations, users must pay attention to the following points:
First, ensure that the withdrawal and transfer functions are correct. You can click [Assets] — [Withdraw] — [Withdraw Digital Currency] to withdraw. Additionally, the specific locations and steps on third-party platforms may vary, so it is recommended that users carefully check the menu options of other third-party platforms to find the corresponding function entry.
Second, certain cryptocurrencies require a tag to be filled in during deposits, such as XRP. There will be a note above the deposit address, and users must fill in both the deposit address and the tag when depositing; otherwise, it may lead to asset loss.
Finally, to learn more about how to choose deposit/withdrawal networks, you can refer to the relevant guidelines provided by OKX to ensure smooth deposits and withdrawals.
In summary, since the deposit addresses on the OKX platform were also updated on March 27, 2025, it is strongly recommended that users update the whitelist addresses of external wallets or exchanges within three months to ensure that future deposit processes are safer and smoother. When engaging in digital asset trading, users should always remain vigilant to ensure the accuracy and safety of each operation to protect their assets from loss.