OKX Wallet Guide: Create a Wallet, Deposit and Send USDT

OKX Wallet or an OKX account? The key difference

• An OKX exchange account: the exchange holds your funds, you need identity verification, and you get P2P to buy and sell USDT for your currency. Full walkthrough: OKX guide.
• OKX Wallet: a non-custodial wallet. OKX says it doesn't take custody of your assets, your private keys and seed phrase are stored on your device, and it can't access, reset or recover them. OKX also states that the OKX Web3 Wallet and its services are not offered by OKX Exchange.

A practical example: when you withdraw from the exchange, the fee is charged in the same coin you withdraw. In the wallet, the transfer runs directly on the blockchain, the fee must be paid in the network's native coin, and OKX can't convert it for you.

Step 1: Install the real app

OKX gives you two options:

• The OKX Wallet app: on the official site web3.okx.com select Download app, or search for OKX Wallet in the App Store or Google Play.
• The OKX app: it has both the exchange and the wallet. Tap Web3 at the top to switch to the wallet.
• Computer: the OKX Wallet extension from the Chrome Web Store.

Step 2: Create your OKX Wallet

1. Open the app and tap Create wallet. (Import wallet is only for restoring a wallet you already have.)
2. Turn on Face ID if you want: Enable now or Maybe later.
3. Set a wallet password and tap Confirm.
4. Choose Cloud backup or Manual backup.

In the OKX app: Menu → Manage Wallets → Add Wallet → Create Wallet.

Social login: you can also create a wallet with Google, Apple or your email address. On your first login the wallet is created automatically, with no manual seed phrase backup.

Forgot your password? According to OKX, the only way to reset it is to import the wallet again with your seed phrase or private key. OKX stores neither your password nor your seed phrase.

Step 3: Back up your 12-word seed phrase

OKX Wallet won't show your wallet address or let you receive or deposit until the backup is done. For a manual backup:

1. Read the warnings on the page, then tap the eye icon to see the whole phrase.
2. Write the 12 words on paper in order and tap Continue.
3. On the next page, pick the right word for each number, then tap Done.

How to keep it safe, according to OKX:

• On paper, no screenshot.
• Nowhere connected to the internet: no chats, no cloud storage, no notes app.
• Anyone who asks for your seed phrase is a scammer, no exceptions. OKX says it will never ask for your keys by email or SMS.

To view the phrase later: tap your wallet name on Home → Manage wallet → pick the wallet → Seed phrase.

Step 4: How to deposit on OKX Wallet

From any exchange (Binance, for example):

1. In OKX Wallet, tap Receive, pick USDT and the network (for example Tron for TRC20 or BSC for BEP20). Or tap the Copy address icon next to your account and pick the network.
2. Copy the address or show the QR code.
3. On Binance: Assets → Overview → Send → Withdraw Assets → USDT, paste the address, choose the same network and confirm. How to withdraw from Binance.

OKX's warning: the withdrawal network on the exchange must be the same as the deposit network, or you may lose the funds. First time? Try a small amount.

Straight from your OKX exchange account:

1. In the OKX app, tap Web3 at the top.
2. Tap Receive → Withdraw cryptos from Exchange.
3. Pick the coin and the withdrawal network.
4. Enter the amount, check the address, network and fee, then tap Submit.
5. Complete the 2FA check and tap Confirm.

The amount must be above the minimum and can't exceed your identity verification limit on the exchange.

Coin not showing? Add it under Manage crypto → Custom crypto by choosing the network and entering the contract address.

Not sure which network? USDT networks explained.

Step 5: How to withdraw from OKX Wallet (send USDT)

1. Tap Send (in the OKX app: Web3 at the top, then Send).
2. Pick the coin and the network.
3. Enter the receiving address and the amount. If you're logged in to an OKX exchange account, the app recognizes your exchange account's receiving address automatically.
4. Check the fee in the Network fee field, then tap Confirm.

The network fee: why you need TRX

According to OKX, the fee for a transfer from the wallet must be paid in the native coin of the blockchain. For example, to send USDT on Tron you need TRX. And the fee coin has to be on the same network.

Things OKX says you should know:

• Failed transfers still cost a fee: the network uses its resources whether the transfer succeeds or fails. OKX Wallet doesn't charge this fee and can't refund it.
• Wrong address: once a transfer succeeds, it can't be cancelled. If the address belongs to another platform, contact that platform.

The easy way: when you withdraw USDT from the exchange, also withdraw a little TRX or BNB to the same wallet.

Does OKX Wallet need KYC?

No. OKX says that the Web3 Wallet, as non-custodial wallet software, doesn't require mandatory identity verification. If you use features linked to the exchange account (such as Withdraw cryptos from Exchange), verification may be required, because they go through your OKX exchange account.

What does this mean for you? You alone are responsible for your seed phrase and password: no support team can restore the wallet if the phrase is lost. Exchange account verification is covered here: OKX identity verification.

How do I cash out from OKX Wallet?

The wallet doesn't pay you in your currency. The way to do it: send the USDT to your OKX exchange account, then sell it on P2P.

1. In OKX Wallet: Send → USDT → paste your exchange account's deposit address (or the one suggested automatically if you're logged in) on the same network → Confirm. How to deposit on OKX.
2. When the USDT arrives, sell it on P2P, get paid into an account in your own name, and only release the crypto once the money shows in your account. How to withdraw from OKX.

No OKX exchange account yet?

Open an OKX account

Right after you sign up: verify your account and have your ID card or passport ready. The steps are here: OKX identity verification

Frequently asked questions

Is OKX Wallet the same as my OKX account?

No. On the exchange account, OKX holds your funds and asks for verification. OKX Wallet is non-custodial: the keys are on your device and OKX can't access them.

How do I transfer USDT from Binance to OKX Wallet?

In OKX Wallet: Receive → USDT → pick the network (for example Tron) and copy the address. On Binance: Assets → Send → Withdraw Assets → USDT, paste the address and choose the same network.

Why can't I see my wallet address?

OKX Wallet doesn't show the address or allow deposits until you've backed up the wallet. Finish saving your seed phrase first.

I have USDT but can't send it. Why?

Usually the fee. You need the network's native coin on the same network, such as TRX for USDT on Tron.

I forgot my wallet password. What now?

Import the wallet again with your seed phrase or private key and set a new password. Without the phrase, the assets can't be recovered.

How many words is the OKX Wallet seed phrase?

OKX Wallet seed phrases are 12 English words. Back up all of them, in the right order.

Related guides

• Bitget Wallet guide
• Trust Wallet guide
• How to send USDT to someone

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Last updated: 8 November 2026 · Sources: OKX's official help center (okx.com/help) and Binance's crypto withdrawal page. Button names may differ slightly with your app version.