How do I deposit USD with a domestic wire transfer?

Published on Aug 17, 2024Updated on Aug 16, 20244 min read

You can complete a USD deposit from your bank account to your OKX account using a wire transfer. This payment method is currently only offered to our U.S. users residing in eligible states for cash deposit services.

To initiate a transfer, you'll need to access your bank account and provide your unique OKX account details.

How do I make a cash deposit?

On the web

  1. Log in to your account on okx.com, go to Assets, and select Deposit

  2. Select United States Dollar to initiate a cash deposit

    Select United States Dollar to deposit USD on OKX web

    Go to United States Dollar to start making a USD deposit

  3. Select a deposit method and Next to check the required details for your transfer, then select Next

  4. After checking the deposit instructions and copying/pasting the required info into your online banking system, select Done and you can proceed to initiate a deposit with your bank

  5. Confirm the deposit transaction from your bank account

On the app

  1. Open your OKX app, select Deposit then Deposit USD

    Select United States Dollar to deposit USD on OKX app

    Opening the deposit page from homepage

  2. Select the deposit method you prefer and Next to check the required details for your transfer, then select Next

  3. Review our instructions and initiate a deposit using your online banking system. Make sure you include the Reference ID when sending funds. You can add it in fields such as Notes/Remarks/Special Instructions.

  4. Confirm the deposit transaction from your bank account

Note:

  • The deposit processing time will differ based on your bank

  • Make sure the name on your OKX account matches the name on your bank account for a smooth deposit transaction

  • While we don't charge a fee for USD deposits via domestic wire transfer, your bank may charge additional transfer fees. To learn more about our fees and processing time, read more in Introducing cash deposits and withdrawals.

FAQ

1. Why am I not able to see the "Deposit USD" feature?

To comply with local laws and regulations, cash deposits are only available in specific regions. This may mean that your account is currently not eligible to access this feature.

2. Why am I only able to select certain payment method types?

To comply with local laws and regulations, the payment methods available to you on your account will be limited to those that are appropriate based on the identity verification documents you provided while completing identity verification on OKX.

3. Why am I encountering a "Cash deposit unavailable" message?

This means that cash payment services aren't currently available in your region. You can refer to this article for more details and we'll keep you updated on any regional expansions.

4. Why do I need to verify my identity before making a deposit?

We ask you to verify your identity to follow local regulations, keep our platform secure, and help determine the best payment methods for your region.

5. Why did my wire deposit fail after I was able to send it from my bank successfully?

Please make sure that you've included all the required information in your sending bank's instructions from the deposit instructions we provide, especially the Reference ID (which can be added in the Notes/Remarks/Special Instructions field). This will ensure we can locate the correct account to credit your funds. If you don't enter this information, we may reject the wire and return it to the sending bank. Note that this will incur an additional charge on your end.

6. How do I check my cash deposit history?

You can review your deposit history on the cash deposit page under All deposits.

CT-web-cash deposit-deposit history

Find your deposit history under All deposits