Sending and receiving digital assets is a fundamental part of managing your cryptocurrency portfolio. Whether you're transferring funds to a friend or receiving payments from an exchange, understanding the correct procedures ensures security, speed, and accuracy. This guide walks you through how to send and receive assets on OKX, one of the leading digital asset platforms, with clear steps and essential safety tips.
The process is streamlined in the OKX app—especially the OKX Lite version—where intuitive navigation makes transactions simple for both beginners and experienced users. Below, we break down each step with practical insights and highlight critical precautions to prevent irreversible mistakes.
Sending Digital Assets
There are two primary methods for sending crypto on OKX: sending to a friend (internal transfer) and using an address (on-chain transfer). Each serves different purposes and offers unique advantages.
✅ Option 1: Send to a Friend (Internal Transfer)
This method allows you to send assets directly to someone using their email, phone number, or username—ideal for quick peer-to-peer transfers within the OKX ecosystem.
Steps:
- Open the OKX Lite app.
- Tap the "Convert" button.
- Select "Send" → "Send to Friend".
- Choose the digital asset you want to send.
Enter:
- The recipient’s name, phone number, or email
- The amount to send
- Required email and SMS verification codes
- Confirm the transaction.
💡 Important Note: If the recipient doesn’t have an OKX account, the assets will be held temporarily and returned to your account within 24 hours if not claimed. This protects users from accidental misdirected transfers.
This feature is perfect for gifting crypto or splitting bills with friends—fast, secure, and user-friendly.
👉 Discover how easy it is to share crypto with friends using secure internal transfers.
✅ Option 2: Use Address to Send (On-Chain Transfer)
For external wallets or exchanges, you’ll need to perform an on-chain transfer by sending assets to a blockchain address.
Steps:
- Open the OKX Lite app.
- Tap "Convert".
- Select "Send" → "Send via Address".
- Choose the digital asset (e.g., BTC, ETH, USDT).
Input:
- The recipient’s wallet address
- The amount to send
- Select the correct network (e.g., ERC-20, TRC-20, BEP-20)
- Enter your email and SMS verification codes.
- Confirm and complete the transfer.
🔒 Critical Tip: Always double-check the network compatibility between sender and receiver. Sending USDT via TRC-20 to a wallet that only supports ERC-20 can result in permanent loss of funds.
On-chain transfers are irreversible—once confirmed on the blockchain, they cannot be undone. Always test with a small amount first when sending to a new address.
👉 Learn how to safely execute on-chain transfers with real-time network selection guidance.
Receiving Digital Assets
Receiving crypto on OKX is just as straightforward—but requires attention to detail to avoid common pitfalls like lost deposits due to incorrect network settings or missing tags.
✅ How to Receive Assets
Steps:
- Open the OKX Lite app.
- Tap "Convert".
- Select "Receive".
- Choose the digital asset you’re expecting (e.g., USDT, BTC).
- Select the appropriate network (e.g., TRC-20, ERC-20).
- Copy the generated deposit address.
- Go to the sending platform (another exchange or wallet), initiate a withdrawal, paste the copied address, ensure the network matches, then confirm.
⚠️ Two Key Warnings When Receiving Crypto:
- Some assets require a tag/memo.
For example, XRP, XMR, or EOS need a destination tag or memo in addition to the address. Without it, your funds may not be credited—or could be lost entirely. Always check whether a tag is required; it will usually appear just above the deposit address in OKX. - Network must match exactly.
If you’re depositing USDT via TRC-20, the sending platform must also use TRC-20. Sending via ERC-20 or BEP-20 will likely result in lost funds unless manually recovered (if possible).
Double-check everything before confirming any transaction—your vigilance is the best defense against errors.
Frequently Asked Questions (FAQ)
Q1: What happens if I send crypto to someone who doesn’t have an OKX account?
If you use “Send to Friend” and the recipient hasn’t registered with OKX, they’ll receive an invitation link via email or SMS. If they don’t claim the assets within 24 hours, the funds are automatically returned to your account.
Q2: Can I cancel a withdrawal after it’s been sent?
No. Once an on-chain transaction is confirmed by the network, it cannot be canceled or reversed. Always verify addresses and amounts before confirming.
Q3: Why do some cryptocurrencies require a tag or memo?
Tags (also called memos or payment IDs) help identify the recipient within exchanges or services that use shared deposit addresses. Omitting them may lead to lost funds—never ignore this field when present.
Q4: Is there a fee for sending assets on OKX?
Yes, on-chain transfers incur network fees (gas fees), which vary based on blockchain congestion. Internal transfers (“Send to Friend”) are typically free or low-cost.
Q5: How long does it take for received assets to appear in my OKX wallet?
Most deposits are credited within minutes once confirmed by the blockchain. Confirmation times depend on network speed and traffic—some may take up to an hour during peak periods.
Q6: Can I receive crypto from non-OKX wallets?
Absolutely. As long as you provide the correct deposit address and matching network (e.g., sending ETH from MetaMask to OKX via ERC-20), cross-platform deposits work seamlessly.
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Whether you're new to crypto or expanding your trading toolkit, mastering how to send and receive assets safely is essential. With OKX’s intuitive interface and robust security layers, you can move digital assets confidently—knowing every step is designed with user protection in mind.
👉 Start practicing secure crypto transfers today with step-by-step tools and real-time support.