How do I open an SMSF account on OKX?

A Self-Managed Super Fund (SMSF) is a type of superannuation fund where members are typically also the trustees, responsible for complying with super and tax laws. For tailored advice, consult a licensed SMSF specialist.

How do I open an SMSF account on OKX?

1. You can select SMSF as your account type on the sign up page

   

   Select SMSF on the sign up page

2. Provide the required documents

3. Once submitted, our verification team will review and complete your onboarding process

SMSF Pre-Onboarding questions

Important Notice

Running a Self-Managed Super Fund (SMSF) involves specific legal, tax, and compliance responsibilities. OKX Australia is registered with AUSTRAC as a Digital Currency Exchange (DCE), which enables us to offer crypto spot trading services within Australia. We comply with all relevant anti-money laundering and counter-terrorism financing (AML/CTF) obligations under Australian law.

Please note that OKX isn't licensed to provide financial or legal advice. We recommend consulting a licensed professional for personalised guidance regarding your SMSF or investment decisions.

1. How many members can an SMSF have?

Up to six members, all of whom must be individual trustees or directors of a corporate trustee.

2. Do I need an accountant or adviser to run an SMSF?

While not legally required, SMSF management involves complex legal and tax requirements. Professional guidance is strongly recommended.

3. Is there a minimum balance to start an SMSF?

We're not able to advise on whether an SMSF is right for you or what balance is appropriate. The right setup depends on your personal circumstances, and we recommend speaking with a licensed financial adviser before making any decisions.

4. What assets can an SMSF invest in?

SMSFs can invest in a range of assets, including shares, property, and in some cases, crypto, but only if the investment complies with superannuation law and the fund's investment strategy.

5. What is the tax treatment of crypto in SMSF?

We're unable to provide tax advice, including how crypto is treated in an SMSF. It's beneficial for you to speak to a tax professional.

6. Can OKX help set up an SMSF?

OKX Australia doesn't set up SMSFs. You can do this through a qualified SMSF administrator, accountant, or legal service. Once your SMSF is established and the bank account is active, you'll be able to onboard with OKX as an SMSF investor.

7. I already have an SMSF with crypto on another exchange. Can I also have one on OKX?

That's no problem. If your SMSF is already set up and active, you're welcome to onboard OKX and transfer assets across, provided that's permitted under your fund's structure.

• To get started, you'll need:

  • A copy of your SMSF trust deed and ASIC extract

  • Your SMSF ABN/ACN

  • ID for all trustees or directors

  • Your SMSF bank account details

• Once verified, you'll be able to:

  • Transfer AUD from your SMSF bank account to OKX

  • Buy & trade crypto within your SMSF account

  • Access audit-ready reporting and EOFY documentation

Note: If you're holding crypto on another exchange, we recommend speaking to your accountant before transferring assets to ensure the move is properly documented and doesn't trigger compliance issues (like related-party transactions or loss of cost-based data).

8. Can I open an SMSF account with OKX in my own name and then link it to the SMSF later?

No. SMSF accounts on OKX must be opened in the name of the SMSF from the start. Personal accounts are not designed for SMSF use, and we don't support converting them into SMSF-designated accounts.

To ensure your setup complies with superannuation law, we recommend speaking with your SMSF adviser or accountant before creating an account. This is general information only and not financial or legal advice.

9. Does the SMSF need a corporate trustee to open an account?

OKX supports both individual and corporate trustee structures, as long as documentation is complete and valid.

10. How long does onboarding take?

Once all required documentation is provided, onboarding is typically completed within 1–3 business days. This does not include transfer of funds to exchange from SMSF bank account.

11. Does the fund need to have a bank account before applying?

Yes, a valid SMSF bank account is required before onboarding to receive and verify deposits.

12. Do all trustees need to complete ID verification?

Yes, each trustee or director of the corporate trustee must pass identity verification to comply with AML/CTF obligations.

13. Is there a minimum deposit?

No minimum deposit is required.

14. Can I transfer cryptocurrency from my SMSF account from one exchange to another?

Cryptocurrency can be transferred from one exchange to another, including between SMSF-designated accounts, provided it complies with your fund's obligations under superannuation law.Get started:

and deposit / withdraw on OKX:

• How do I make a deposit? (web)

• How do I make a deposit? (app)

• How do I make a withdrawal? (web)

• How do I make a withdrawal? (app)

15. Does OKX support direct AUD deposits and withdrawals for SMSFs?

Yes. SMSF accounts can use domestic bank transfers. Funds must transfer only between the SMSF's bank account and OKX. OKX Australia doesn't support any other currencies at this stage.

Got more questions about SMSF? Learn more info here:

• How do I obtain an ASIC Extract?

• Self-Managed Super Fund (SMSF) FAQ