If you're starting to trade cryptocurrencies on OKX, understanding how to deposit funds is essential. OKX follows a Know Your Customer (KYC) process, requiring identity verification before funding your account. This guide explores OKX's payment methods and shows the most cost-effective ways to deposit using crypto or fiat currencies.
Fiat Deposit Methods on OKX
For users purchasing crypto with local currencies (USD, EUR, GBP, etc.), OKX offers three primary options available under the "Buy Crypto" section:
1. Quick Buy
- Supports 71+ fiat currencies including USD, EUR, GBP, AUD, CAD
- Instant processing via Visa/Maestro cards
- Third-party providers like Banxa/Simplex available
2. P2P Trading
- Broader range of fiat currencies/payment methods
- Features P2P Express for best market rates
- Direct peer-to-peer transactions
3. Bank Transfers
- Processes EUR/USD/CAD/AUD via Legend Trading
- Supports Revolut, Wise, AdvCash transfers
- Funds arrive within 1-3 business days
Pro Tip: Bank transfers typically offer lower fees compared to card purchases.
Cryptocurrency Deposits
OKX supports 500+ cryptocurrencies across major networks:
Supported Networks
| Network Type | Examples |
|---|---|
| EVM Chains | ERC20, BEP20, Polygon |
| UTXO Chains | BTC, LTC |
| Others | SOL, TRC20, BRC20 |
How to Deposit Crypto
- Navigate to Assets → Deposit
- Select your cryptocurrency (e.g., BNB)
- Choose the correct network (e.g., BSC/BEP20)
- Send funds to the generated wallet address
⚠️ Critical: Always double-check:
- Wallet addresses
- Network compatibility
- Memo tags (if required)
👉 Secure your crypto deposits now
Security Measures
OKX employs:
- Multi-signature cold storage
- Asset risk reserve fund
- Regular security audits
Frequently Asked Questions
What's the minimum deposit on OKX?
- Crypto: No minimum (network fees apply)
- Fiat: Varies by method ($10-$50 typical)
Are there deposit fees?
- Crypto: Network fees only
- Fiat: 1-4% depending on method
How long do deposits take?
- Crypto: 1-30 network confirmations
- Fiat: Instant (cards) to 3 days (bank transfers)
Key Takeaways
- Diverse options: From cards to P2P markets
- Network vigilance: Always match deposit/withdrawal networks
- Cost efficiency: Bank transfers > cards for large amounts
OKX simplifies crypto onboarding with flexible funding solutions tailored for global users. Whether you're depositing fiat or transferring existing crypto holdings, following these guidelines ensures secure, cost-effective transactions.
Disclaimer: Cryptocurrency investments carry risk—only deposit what you can afford to lose.