How to transfer from OKH to OKH

A popular cryptocurrency exchange provides its clients with many tools for trading coins. However, it can be difficult for novice traders and investors to understand the functionality of the site. This is especially true when it comes to withdrawing funds. Before using the service, it is worth learning how to conduct transactions between the main and trading accounts, work with subaccounts. This article describes how to transfer funds from OKX to OKX, avoiding all possible problems and risks.

Getting started on the platform

The cryptocurrency exchange OKX (formerly OKEx) was launched in 2017. More than 400 coins are available on the platform, including such popular ones as Bitcoin, Ethereum, Optimism, Arbitrum and others. In addition, the platform offers futures and options trading on digital assets, P2P exchange, copy trading, auto-investing.

One of the key advantages of OKX is its high liquidity. The exchange uses a system of market makers to provide customers with optimal trading conditions. This means that there are always a large number of buyers and sellers ready to make transactions. To start working on the exchange, you need to:

1. Register an account. To do this, specify your e-mail, phone number, set a password.
2. In accordance with the rules of the legislation, the OKX exchange requires users to go through the procedure of identity confirmation. To do this, the client needs to open the “My Profile” section and select the “Verification” tab.
3. Fill in the required data – full name, date of birth, citizenship and other information.
4. Take a photo of the passport, make selfies.
5. Send a request for verification.
6. Wait for the request to be processed. Usually it takes 10-20 minutes.
7. As soon as the account is confirmed, a corresponding notification will be sent to your e-mail.

If there are problems during verification, you can ask for help from the site staff. The online chat button is located in the lower right corner of the page.

Users who have passed the identity verification procedure can deposit an unlimited number of coins and withdraw up to $10 million daily.

How to transfer funds from the main OKX account to the OKX trading account

There are several accounts on the site. By default, coins are transferred to the main one. To switch to trading, you need to send tokens to the trading balance. The instructions are as follows:

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1. On the top panel, open the “Assets” tab, and then – “Transfer”.
2. Set the parameter “Main” on the left and “Trading” on the right.
3. Specify the cryptocurrency and enter the number of tokens.
4. Click on the “Confirm” button.

After successfully completing these steps, the funds will be transferred from the main account to the trading account. You can verify the assets in the corresponding section.

Transfer from subaccounts

The platform offers customers to create additional accounts within the same OKX account. Sub-accounts can be used to split an investment portfolio into strategies or trade different types of assets. This feature allows cryptocurrency exchange clients to effectively manage risk and conduct market transactions with greater flexibility.

Regular users can create a maximum of 5 accounts. Clients of VIP-1 level (trading volume for 30 days exceeds or equals $5 million) have access to 10 accounts, VIP-8 ($10 billion and more) – 55 accounts.

Sub-accounts can be used for spot market, futures and margin trading. Deposits are available for additional accounts, but it is not possible to withdraw assets from them to an external address. The exchange supports only crediting to the main account within the site. To send funds, you should:

1. Open the “Assets” section, and then – “Transfer”.
2. Select the “Main account and subaccounts” tab.
3. In the top line, specify the account from which you want to send coins.
4. Select the cryptocurrency, enter the amount.
5. Click on the “Confirm” button.

Assets will immediately arrive on the main account. Now they can be sent to another address of the site or to a non-custodial wallet.