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Beneficial Ownership FAQ
The ownership structure documents should clearly show the ownership structure along with the full names and percentage ownership of each owner, including all intermediary owners.What are intermediate owners (interlayer entities)? Intermediate owners are entities that hold a significant stake in your institution’s ownership structure between the institution itself and the ultimate beneficial owner (UBO).Published on Oct 10, 2024Updated on Feb 9, 2026FAQ1Beneficial Ownership FAQ
The ownership structure documents should clearly show the ownership structure along with the full names and percentage ownership of each owner, including all intermediary owners.What are intermediate owners (interlayer entities)? Intermediate owners are entities that hold a significant stake in your institution’s ownership structure between the institution itself and the ultimate beneficial owner (UBO).Published on Oct 10, 2024Updated on Dec 1, 2025FAQ6How do I verify OKX's ownership and balance of the wallet address?
Store the downloaded Proof of Reserves and verification tool in the same folderHow do I verify OKX's ownership of wallet reserves address? OKX snapshot data contains addresses, "I am an OKX address" messages and signatures, as well as BTC multi-signature redemption scripts. You can operate using the below steps to confirm that OKX owns these addresses.Published on Sep 26, 2023Updated on Jan 26, 2026FAQ996What should I do if I forget my OKX wallet password?
Ownership and Control: The private key gives you full ownership and control over your digital assets. Without the private key, you cannot sign transactions, transfer funds, or manage your wallet. Confidentiality: Private keys and seed phrases must remain strictly confidential. Sharing them with others may result in asset theft. Always handle this information with extreme caution.Published on Oct 28, 2022Updated on Apr 4, 2026FAQ13,349What is OKX keyless wallet?
Effectively spread risk, no need to safeguard private keys OKX keyless wallet distributes ownership of the private key among multiple parties, reducing the risk of theft or loss of assets. No complete private key is stored on a single device, and each party receives a private key share that does not have the ability to independently control the assets. This means that even if a private key is stolen, others cannot access the assets through this one share.Published on Aug 1, 2023Updated on Jan 27, 2026FAQ211What's OKX Web3 wallet?
Take full ownership of the assets Trade a wider range of on-chain assets, including meme coins, and discover high-quality opportunities directly on-chain. Withdraw crypto without approval process compared to trading platforms Generate a multi-chain wallet using a set of seed phrases to manage assets on 100+ networks including Ethereum, Solana, BSC, Arbitrum, zkSync, Aptos etc, and also support multi-seed phrase import and derivation of addresses.Published on Sep 5, 2023Updated on Mar 12, 2026FAQ101,260How do I trade with OKX Wallet Trader Mode?
To access your orders, you'll be asked to sign a message to verify your wallet ownership.Published on Aug 22, 2025Updated on Mar 23, 2026FAQ537Understanding the risks of using digital payment token services
Commingled assets: Shared storage can blur ownership and raise fraud risk. Service outages: Tech failures may block access to your tokens. Regulated platforms offer safeguards, but no setup is risk-free. Try to understand how your assets are stored and protected.Business Conduct Risk Business conduct risk arises when a platform acts in its own interest at the expense of its customers.Published on Jun 17, 2025Updated on Nov 17, 2025FAQ2OKX x McLaren: Digital Collectibles FAQs
Noncustodial means that we nor any other network participants have control over your wallet or the assets stored in it. As the owner of your Web3 Wallet, you take full custody of the crypto assets held within the wallet. All assets in the wallet are stored on-chain and the owner can access it at any time. For more information on opening an OKX wallet, click here.When do I have to redeem my digital collectible utility? Utilities must be redeemed within three weeks of the minting window closing.Published on Jun 5, 2024Updated on Sep 8, 2025FAQ6How do I withdraw AED with bank transfer?
In the event of system downtime, downtime with our banking providers, withdrawals may be delayed.How do I verify the ownership of the receiving account for the first time cash withdrawal? To comply with local laws and regulations, you may need to verify the ownership of the receiving account during the cash withdrawal process. Verify by making a cash deposit into OKX with the same bank account.Published on May 16, 2024Updated on Jan 21, 2026FAQ159How do I withdraw USD with international wire transfer as a UAE user?
To comply with local regulations, you must verify the ownership of your receiving account before making your first withdrawal. You can verify by making a cash deposit into OKX with the same account. Web: verify the ownership of your bank account App: verify the ownership of your bank accountFAQ1. Why am I not able to see the "Withdraw cash" feature? To comply with local laws and regulations, cash withdrawals are only available in specific regions.Published on May 8, 2025Updated on Jan 2, 2026FAQ6What onboarding information is required for the government-owned enterprise?
“Ultimately owns” and “ultimate effective control” refer to situations in which ownership and control are exercised through a chain of ownership or by means of control other than direct control. Authorized users: Persons who have access to and can operate your institution’s OKX account.Upload a photo or scanned copy of the key person’s ID document Please upload both the front and back sides of the ID card.Published on Oct 13, 2023Updated on Apr 6, 2026FAQ61What onboarding information is required for a family office?
“Ultimately owns” and “ultimate effective control” refer to situations in which ownership/control is exercised through a chain of ownership or by means of control other than direct control. Authorized users: Persons who have access to and can operate your institution’s OKX account.What'll a family office need to consider for the onboarding process?Published on Oct 13, 2023Updated on Feb 12, 2026FAQ69What onboarding information is required for a Publicly Traded Company?
Publicly traded companies are entities with distributed ownership among public shareholders through publicly traded stock shares.Who are the key persons for a publicly traded company?Published on Oct 13, 2023Updated on Feb 12, 2026FAQ76What are the most commonly used DApps?
NFT Market: a new era of digital item ownership The NFT market provides a platform for buying and selling digital items such as artworks, Game Props, and collectibles, representing the ownership of specific digital items. GameFi (Blockchain games): the gaming revolution on blockchain Blockchain games (GameFi) allows users to enjoy diverse gaming experiences on the chain.Published on Nov 15, 2022Updated on Feb 12, 2026FAQ462