If, due to rapid market movements and high volatility, the executed price is lower than the account's bankruptcy price, the resulting deficit (the excessive loss) is covered by the Security Fund. The Security Fund is critical because it: Prevents Auto-Deleveraging (ADL): By covering the shortfall, the Security Fund reduces the pressure on the system having to engage the Auto-Deleveraging (ADL) mechanism.

Form 1099-DA cost basis reporting for "covered securities" transactions starting January 1, 2026 In addition to gross proceeds reporting, digital asset brokers are required to report cost basis on "covered securities" from digital asset dispositions on Form 1099-DA for users who have reportable transactions starting January 1, 2026. This requirement applies to dispositions of digital assets that are classified as "covered securities"; cost basis must be reported on Form 1099-DA.

If the amount is too small, the funds cannot be aggregated because the address balance may not be sufficient to cover the miner fees for an on-chain transfer. System management: The minimum deposit amount helps the platform manage asset flows better and prevents system strain caused by small deposits. Note: please confirm the minimum deposit amount before making a deposit to ensure smooth transactions.

This may involve liquidating assets in your account to cover outstanding payments. Failure to resolve the balance can lead to further account restrictions or permanent closure.7. How can I get faster help from Customer Support? To help us route your query efficiently, please use the keywords "ACH return", "ACH payback" or "payment due" when contacting our support team or interacting with our automated chat support.

Proceed to the detail page by selecting Send gift On the ensuing page, you can select the gift cover of your Crypto gift and then select Next Note: to create a gift, you must complete your identity and security verifications. If these verifications aren't yet completed, you'll be prompted to do so. Please follow the provided instructions that appear on the screen to complete the necessary verifications before proceeding with the gift creation. each gift can include up to 500 recipients.

Cost Basis: Starting with crypto acquired on OKX in Tax Year 2026 and sold on OKX in 2026 or later, the form will expand to include the cost basis for these "covered securities" (assets acquired on OKX after the regulation start date).When will I receive my tax forms? Form 1099-MISC: Available by February 2, 2026 (for those who earned $600+ in rewards/staking). Form 1099-DA: Available by February 17, 2026.

Digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance.

Network (gas) fee: we cover all blockchain gas fees or network fees on your behalf, so that you could trade DEX assets without needing to maintain separate balances of SOL, ETH, or other native tokens for gas. Processor fee: applies only when you're funding your CeDeFi trade with a card/bank/third‑party on‑ramp; shown as Processor fee on the Preview screen.

This is mainly due to the following: Operational costs: To ensure stable and reliable service, the fee includes a small portion to cover essential platform maintenance and operations. Transaction assurance: We dynamically adjust fees to manage network congestion and price fluctuations, ensuring your transactions are processed smoothly. Update timing: Fees are updated based on network conditions, so the amount shown may differ slightly from the real-time onchain gas cost at any given moment.

While your initial verification covers the basics, you may be asked to: Update your information periodically, especially if your ID has expired or if regulations change Provide additional documents when your activity level increases or patterns shift significantly Answer follow-up questions as part of a deeper review process, known as enhanced due diligence (EDD) This helps us keep your profile up to date and ensures the ongoing safety of your account.What steps are involved in KYC?

You'll find FAQ articles covering topics such as account settings, deposits, withdrawals, and more. Select the question mark icon On the app: Open your app and tap the Menu icon. Select the headset icon to browse articles of interest. Select one of the headset iconsWhere can I find OKX Assistant? To access OKX Assistant, follow these steps: On the web: Select the headset icon at the bottom right corner of your screen.

Do not cover the camera and perform the verification in a well-lit environment. If your first facial recognition attempt fails, please update your app to the latest version before trying again. This will greatly improve the success rate. Facial recognition on a new device must be performed by the account holder. If you are the account holder but facial verification fails, please try the following. Ensure that the OKX app has permission to access your camera and photo gallery.

Proof-of-Reserve (PoR) This is a process for cryptocurrency exchanges to show they have enough assets to cover all customer balances. This builds trust by proving the exchange is not hiding any liabilities.

Disclaimer This content is provided for informational purposes only and may cover products that are not available in your region. It is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold crypto/digital assets, or (iii) financial, accounting, legal, or tax advice. Crypto/digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly.

Digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance.