Choosing the correct deposit network on OKX is a crucial step for any cryptocurrency user. Whether you're transferring stablecoins like USDT or other digital assets, selecting the wrong network can lead to irreversible fund loss. This guide will walk you through everything you need to know about OKX deposit networks, including best practices, common pitfalls, and step-by-step instructions to ensure your transfers go smoothly.
Why Deposit Network Selection Matters
When depositing crypto into your OKX account, the blockchain network you choose must match between your sending wallet or exchange and OKX. Mismatched networks—such as sending USDT via ERC-20 to a TRC-20 address—can result in lost funds.
Each cryptocurrency may support multiple networks. For example, USDT (Tether) operates on several blockchains, including:
- ERC-20 (Ethereum)
- TRC-20 (Tron)
- BEP-20 (BNB Smart Chain)
- OEC (OKX Chain)
👉 Discover how OKX supports fast, low-cost transfers across major networks.
Selecting the right one ensures speed, lower fees, and security.
Step-by-Step: How to Deposit on OKX
Follow these steps to safely deposit crypto into your OKX account:
1. Create and Verify Your OKX Account
Before making deposits, you must register and complete identity verification (KYC).
- Visit the OKX website and click Sign Up.
- Enter your email and complete the captcha.
- Confirm via email verification code (valid for 10 minutes).
- Add your phone number and verify with SMS.
✅ Tip: Complete Level 1 and Level 2 KYC to unlock higher withdrawal limits and access premium features.
While Level 3 video verification isn't available on desktop, download the OKX mobile app to finish this advanced step if needed.
2. Navigate to the Deposit Section
Once logged in:
- Click Assets (or Wallet) in the top menu.
- Select Deposit.
- Search for the cryptocurrency you wish to deposit—e.g., USDT.
You'll now see a list of supported networks for that coin.
3. Choose the Correct Deposit Network
For USDT, common options include:
- USDT-ERC20
- USDT-TRC20
- USDT-BEP20
- USDT-OEC
⚠️ Critical Rule: The network you select on OKX must exactly match the withdrawal network on the sender’s side.
For example:
If you withdraw USDT from another exchange using TRC-20, you must select USDT-TRC20 as your deposit network on OKX.
Failure to match networks can result in permanent loss of funds.
4. Copy the Deposit Address
After selecting the correct network:
- OKX will generate a unique deposit address.
- Click Copy Address.
- Some tokens (like XRP, EOS, or NANO) require a memo/tag in addition to the address.
🔴 Never skip the memo field when required. Without it, funds may not be credited—or worse, lost.
5. Initiate Transfer from Sender Platform
Go to your external wallet or exchange:
- Open the Withdraw/Transfer section.
- Paste the copied OKX deposit address.
- Select the same network (e.g., TRC-20).
- Enter the amount and confirm.
Wait for blockchain confirmation. Processing time varies by network:
- TRC-20: Fast (~2 minutes), low fee
- ERC-20: Slower during congestion, higher gas fees
- BEP-20: Balanced speed and cost
👉 Learn how OKX minimizes fees and maximizes transfer efficiency across chains.
Which Network Should You Use?
Here’s a quick comparison of popular USDT networks:
| Feature | TRC-20 | ERC-20 | BEP-20 |
|---|
(Note: Table removed per formatting rules)
Instead, here's a clear breakdown:
✅ TRC-20 (Tron)
- Best for low fees and fast transfers
- Ideal for small to medium deposits
- Widely supported across exchanges
- Average fee: <$1
✅ ERC-20 (Ethereum)
- Most widely accepted
- Higher security due to Ethereum’s robustness
- Fees fluctuate; can exceed $10 during peak times
- Best for large transfers where security outweighs cost
✅ BEP-20 (BNB Smart Chain)
- Low fees, fast confirmations
- Great for Binance users moving funds to OKX
- Requires BNB for gas (but minimal amount)
✅ OEC (OKX Chain)
- Native chain for OKX
- Extremely low fees
- Best used within OKX ecosystem or DeFi dApps on OEC
👉 Explore multi-chain support and seamless cross-network transfers on OKX.
Common Mistakes & How to Avoid Them
❌ Using different networks on send/receive sides
- Always double-check both platforms use the same network.
❌ Forgetting the memo/tag
- Required for XRP, XLM, EOS, etc.
- Both address and tag must be correct.
❌ Sending unsupported tokens
- Only send coins listed on OKX.
- Sending non-supported assets may result in total loss.
❌ Rushing without verifying
- Always test with a small amount first.
Frequently Asked Questions (FAQ)
Q: Can I change my deposit network after copying the address?
A: Yes, as long as you haven’t initiated the transfer. Just go back and select a different network—OKX will generate a new address.
Q: What happens if I send USDT-ERC20 to a USDT-TRC20 address?
A: Your funds will likely be lost permanently. Blockchain transactions are irreversible, and cross-network sends aren’t recognized.
Q: Is TRC-20 safe for large transfers?
A: While TRC-20 is secure, its lower decentralization compared to Ethereum means some prefer ERC-20 for large amounts despite higher fees.
Q: Why does OKX offer multiple networks for one coin?
A: To give users flexibility in cost, speed, and compatibility. Different users have different needs—OKX aims to meet them all.
Q: Do I need OKB to use OKX?
A: No. However, holding OKB can reduce trading fees and unlock VIP benefits.
Q: Are there deposit fees on OKX?
A: OKX doesn’t charge deposit fees. However, you’ll pay network (gas) fees based on blockchain congestion.
Is OKX the Same as OKEx?
Yes—OKX was formerly known as OKEx. The rebranding took place in January 2022. Founded in 2017, OKX has grown into one of the world’s leading crypto exchanges, serving over 50 million users globally.
The platform supports more than 300 cryptocurrencies and 630+ trading pairs, including spot, margin, futures, and perpetual contracts. It also offers staking, savings, NFTs, and Web3 tools—all built on cutting-edge blockchain infrastructure.
With offices worldwide and a team of over 2,500 professionals, OKX continues to innovate in product development and user experience.
Final Tips for Safe & Efficient Deposits
- Always start with a small test transaction.
- Double-check addresses and network types before confirming.
- Use trusted devices and enable two-factor authentication (2FA).
- Keep recovery phrases offline and secure.
- Monitor transaction status via blockchain explorers (e.g., Tronscan for TRC-20).
By following these guidelines, you’ll avoid costly mistakes and make full use of OKX’s powerful trading ecosystem.
Whether you're new to crypto or an experienced trader, understanding how to choose the right deposit network empowers you to move funds safely, quickly, and affordably.
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