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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 10 Oct 2024Updated on 1 Dec 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 26 Sept 2023Updated on 26 Jan 2026FAQ999What 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 28 Oct 2022Updated on 22 Apr 2026FAQ13,441What 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 1 Aug 2023Updated on 27 Jan 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 5 Sept 2023Updated on 12 Mar 2026FAQ101,489How 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 22 Aug 2025Updated on 23 Mar 2026FAQ582OKX 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 5 Jun 2024Updated on 8 Sept 2025FAQ6What 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 13 Oct 2023Updated on 6 Apr 2026FAQ61What 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 15 Nov 2022Updated on 12 Feb 2026FAQ462What are Source of Funds (SoF) and Source of Wealth (SoW)?
income (past 12 months) Accountant Letter Issued within the last 3 months with business ownership confirmation Distribution Record Shows recent profit withdrawals or distributions Others Issued within the last 3 months with compensation or business ownership confirmation Investment returns Investment Account Statement Issued within the last 3 months Retirement Account Statement Issued within the last 3 months Brokerage Statement Issued within the last 3 months Bank Statement Shows investment incomePublished on 24 Dec 2024Updated on 18 Apr 2026FAQ772What 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 13 Oct 2023Updated on 12 Feb 2026FAQ70What 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 13 Oct 2023Updated on 12 Feb 2026FAQ76What onboarding information is required for a privately owned company?
“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. The partners (if your company is a partnership) * If your company is a partnership and one or more of the partners is a legal entity, then you will need to provide the UBO information of said entity.Published on 13 Oct 2023Updated on 12 Feb 2026FAQ280Know Your Business (KYB) FAQ
Learn more about the beneficial ownership of your institution here.Published on 29 Jan 2025Updated on 27 Sept 2025FAQ30Does OKX Marketplace charge fees?
We believe that every creator, regardless of their background, should have an equal opportunity to thrive in the NFT space.Democratizing access NFTs have opened up new possibilities for digital ownership, but the traditional fee structures have often excluded those with limited resources.Published on 14 Oct 2023Updated on 12 Sept 2025FAQ22