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What are Source of Funds (SoF) and Source of Wealth (SoW)?
of assets (non-digital) Brokerage Account Statement Shows the sale of securities Sale Record Shows official transaction records Legal Professional Letter Shows asset sale details (For example: Lawyer's confirmation) Bank Statement Shows the transaction history of received funds from sale proceeds Tax Statement Shows property/capital gains Others Shows sale of assets details (including customer's name, sale amount and date) Inheritance, grant or gift Will/Testament Must be officially certified GrantPublished on Dec 24, 2024Updated on May 28, 2026847How do I manually set up futures grid trading bot?
For example, if you’re trading BTC with an upper price of 35,000 USDT and a lower price of 25,000 USDT, and 10 grids, each grid line will be 1,000 USDT apart. Geometric mode uses a fixed percentage to determine grid placement. This results in widening grids further out from the starting price. You can also add leverage to your trades to increase your position size relative to the margin used, by following the next 3 steps.Published on Jun 6, 2024Updated on Mar 31, 2026103Tax Center General FAQ
Starting with the 2025 tax year, OKX is required to issue this form to report sales, trades, or exchanges of digital assets to both you and the IRS.What transactions trigger a Form 1099-DA? You will receive a 1099-DA if you engage in any of the following taxable events: Crypto to Fiat: Selling crypto (like Ethereum) for US Dollars. Crypto to Crypto: Swapping one token for another (for example, BTC for SOL).What information is reported on the 1099-DA?Published on Nov 25, 2024Updated on Feb 13, 202615What's a futures trading bot and how do you automate trades with it?
For example, if you’re trading BTC with an upper price of 35,000 USDT and a lower price of 25,000 USDT, and 10 grids, each grid line will be 1,000 USDT apart. In Geometric mode, each grid has an equal price difference ratio. The price range of each cell of the geometric grid is proportional (for example 1, 2, 4, 8..). This results in widening grids further out from the starting price. You can also add leverage to your trades to increase your position size relative to the margin used.Published on Dec 26, 2023Updated on Oct 29, 202535Why is my deposit locked?
Deposit locked due to P2P T+N risk control being triggered When you're buying crypto through P2P trading, our risk control system will comprehensively assess your transaction risks and impose N-day restrictions on the withdrawal and P2P sales of the equivalent amount of assets in your transaction. It's recommended that you wait patiently for N days and the system will automatically lift the restriction.2.Published on Dec 19, 2023Updated on Apr 24, 2026986What's the Spot DCA bot and how do I use it?
Orders get progressively further apart, leaving more room for deeper pullbacks before the bot commits more funds. This helps preserve capital in volatile or trending markets but means fewer buys in shallow corrections. Multiplier = 0.9 (Tightening): The gap between orders shrinks by 10% each time. Safety orders cluster closer to the entry price, allowing you to average down aggressively in minor dips — but at the cost of using up funds faster.Published on Oct 3, 2025Updated on Nov 17, 20255How do total Profit and Loss (PnL) and Grid profits work for Spot Grid?
This happens due to: Fees being charged in different currencies (BTC for buys, USDT for sells) Exchange rules preventing the sale of amounts below the minimum tradable quantity This leftover BTC stays in your bot and is returned to your wallet when the bot is stopped.How are Grid Profits estimated in this case?Published on Jun 20, 2025Updated on Apr 30, 202658
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