How do I deposit and withdraw xAsset?
xAssets are a suite of wrapped tokens issued by us on supported blockchain networks. Each xAsset (for example, xBTC, xETH, xSOL) is backed 1:1 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 your account with the equivalent amount of the underlying eligible asset.
Getting started
How do I deposit xAsset?
Go to Deposit and select Deposit crypto to begin
For example, choose Bitcoin (BTC) as the asset you want to deposit
Select the network from which you’ll be depositing xBTC
Copy your xBTC deposit address generated by us
Send xBTC from your external wallet to this 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 xAsset?
Navigate to Withdraw and select Withdraw crypto
For example, choose Bitcoin (BTC) as the asset you want to withdraw
Select Exchange or wallets to send BTC to an external address
Choose the appropriate network for receiving xBTC
Enter the recipient address where you'd like to receive xBTC
Select the account you want to withdraw from and enter the withdrawal amount
Review the network fee and confirm the amount to be received
Select Withdraw to initiate the withdrawal – the BTC will be converted to xBTC and sent to the specified address on the selected network
Example of what the deposit page will look like when you're withdrawing xAsset
If you want to find out more about xAsset, visit here.