OKX (formerly OKEx) allows users to deposit funds via bank cards (Visa/Mastercard) to purchase cryptocurrencies. While Russian-issued cards are currently accepted, regulatory changes may occur—monitor updates and prepare alternative deposit/withdrawal methods.
Step-by-Step Guide to Depositing Funds
1. Account Registration & Verification
Sign up at OKX and verify your:
- Phone number
- Email address
- Ensure both are linked to your account for security.
2. Buying Cryptocurrency via Bank Card
Desktop Process:
- Navigate to Assets → Top Up → Trading Account.
- Select Buy Cryptocurrency (or use the homepage button).
Choose:
- Currency (e.g., RUB, USD).
- Amount to spend.
- Crypto asset (BTC, ETH, etc.).
- Pick a payment processor (e.g., Mercuryo) under Visa/Mastercard.
- Follow the payment system’s instructions (may require personal details/SMS verification).
- Confirmation typically takes <30 minutes.
Mobile App Process:
- Tap Buy Cryptocurrency → Express.
- Select currency/crypto via dropdown menus.
- Enter amount → Buy → choose card payment.
- Complete transaction on the payment processor’s site.
Key Considerations
- Fees: Banks/payment systems may charge transaction fees.
- Exchange Rates: Monitor RUB fluctuations if depositing in local currency.
- Security: For long-term holdings, transfer crypto to a private wallet.
👉 Explore OKX’s deposit options
FAQs
1. Are Russian bank cards still accepted on OKX?
As of now, yes—but policies may change. Check OKX announcements regularly.
2. Why is my deposit delayed?
Delays usually stem from payment processors. Contact their support if transactions exceed 30 minutes.
3. Can I withdraw funds directly to my bank card?
No. Withdrawals require converting crypto to fiat via linked bank accounts or P2P trading.
4. Is storing crypto on OKX safe?
While OKX employs security measures, cold wallets are recommended for long-term storage.
5. What currencies can I use to buy crypto?
OKX supports USD, RUB, EUR, and others—select your preferred currency during purchase.
Pro Tip: Diversify deposit methods (e.g., P2P, wire transfers) to mitigate potential card restrictions. Always verify transaction limits and fees beforehand.