OKX is launching a new security feature on July 4, 2024, allowing users to verify addresses in their withdrawal address book for either 30 days or permanently. This update enhances flexibility while maintaining robust account security.
How the 30-Day Address Verification Works
- Verification Window: Addresses verified for 30 days require at least one withdrawal within that period to retain their status.
Expiry Rules:
- If no withdrawal occurs within 30 days, the verification expires, and future withdrawals to that address will require security reconfirmation.
- Each withdrawal resets the 30-day timer. For example, a withdrawal on July 4, 2024, extends verification until August 3, 2024.
👉 Learn more about OKX security features
Impact on Existing Verified Addresses
Effective July 4, 2024, all previously verified addresses in OKX withdrawal books will transition to the 30-day expiry model. Users can opt for permanent verification via:
- Letting the 30-day period lapse and re-verifying permanently.
- Deleting and re-adding the address with permanent verification.
Steps to Verify Addresses for 30 Days
- Navigate to the withdrawal address book.
- Select an address and choose "Verify for 30 days" (default option).
- For permanent verification, click "Change verification period" and confirm.
(Available on OKX web/app platforms, version 6.75+.)
FAQs
Q: Why did OKX introduce 30-day verification?
A: To balance convenience and security, ensuring active address usage while reducing risks from dormant accounts.
Q: Can I revert a permanently verified address to 30-day?
A: No, permanent verification is irreversible. Delete and re-add the address to switch.
Q: Will I be notified before verification expires?
A: Yes, OKX sends alerts via email/app when addresses near expiry.
Q: Are there fees for re-verifying addresses?
A: No. Verification updates are free.
👉 Explore OKX’s latest security upgrades
Note: This feature does not apply to whitelisted institutional addresses or API-connected withdrawals.
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