How do I deposit and withdraw xAsset?
xAsset are a suite of wrapped tokens issued by us on supported blockchain networks. Each xAsset (for example, xBTC, xETH, xSOL) is fully backed by its corresponding underlying asset (for example, BTC, ETH, SOL) securely held in OKX custody. These wrapped tokens allow you to use your assets within on-chain ecosystems, such as decentralized finance (DeFi).
When you withdraw eligible assets from your OKX Exchange account to a supported network, we mint and deliver the corresponding xAsset to your address on that chain. You can then use the xAsset in DeFi apps in a more flexible, blockchain-native way.
When you deposit an xAsset back to your OKX Exchange account from a supported chain, we burn the deposited xAsset and credit the underlying eligible asset to your account.
How do I deposit xBTC?
On the app
On the homepage, select Deposit > Deposit.
Search for BTC, select the network from which you’ll be depositing xBTC, and copy your xBTC deposit address.
From your external wallet or exchange, send xBTC to your xBTC deposit address. Once received, your xBTC will be automatically converted to BTC and credited to your OKX account.
On the web
On the OKX official website, select Deposit at the top
Search for BTC, select the network from which you’ll be depositing xBTC, and copy your xBTC deposit address.
From your external wallet or exchange, send xBTC to your xBTC deposit address. Once received, your xBTC will be automatically converted to BTC and credited to your OKX account.
Example of what the deposit page will look like when you're depositing xAsset
How do I withdraw xBTC?
On the app
On the homepage, select Assets > Withdraw > Withdraw crypto
Search for BTC and select the recipient type
Select a network that supports xBTC, paste the recipient's deposit address or scan the deposit QR code, then tap Next.
Enter the withdrawal amount, select the account type, and tap Next.
Review the withdrawal details and tap Confirm.
Complete security verification to finish the xBTC withdrawal.
The BTC will be converted to xBTC and sent to the specified address on the selected network.
On the web
On the OKX official website, select Assets at the top > Withdraw
Search for BTC, select a network that supports xBTC, and paste the recipient address or select one from your Address book.
Enter the withdrawal amount, select the account type, and tap Next.
Review the withdrawal details and select Confirm.
Complete security verification to finish the xBTC withdrawal.
The BTC will be converted to xBTC and sent to the specified address on the selected network.
Example of what the withdrawal page will look like when you're withdrawing xAsset
If you want to find out more about xAsset, visit here.