In the continuous development of cryptocurrency trading, depositing funds has become a key step for users to participate in digital asset trading. To facilitate safe and smooth deposits, the OKX platform has updated the deposit addresses for some cryptocurrencies, and users need to be aware of and adjust to these changes 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 operation.
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What is a deposit?
A deposit refers to the process of users transferring 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 some cryptocurrencies, not only is a deposit address required, but a tag (Tag/Memo) must also be filled in, especially for cryptocurrencies like XRP. When depositing, it is essential 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 you want 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 you choose for withdrawals 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.
When 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 perform a withdrawal. 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, some cryptocurrencies require a tag to be filled in when depositing, 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 the deposit/withdrawal network, you can refer to the relevant guides 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, ensuring the accuracy and safety of each operation to protect their assets from loss.