An invitation code, often called a referral code, is a unique identifier used during registration on many cryptocurrency exchange platforms. It links new users to the person who referred them, unlocking specific benefits for both parties. This article explains what to fill in for an OKX invitation code and the advantages of using one.
What is an OKX Invitation Code?
An OKX invitation code is a string of letters and numbers, such as 'ETH99'. It is provided by an existing user or found on the platform's official promotional channels. Entering this code during the sign-up process activates a special offer for the new user.
The primary purpose of these codes is to reward the community. They are a way for the exchange to grow its user base while giving something back to both the referrer and the referee.
Key Benefits of Using an OKX Invitation Code
Using a valid code during registration provides immediate and long-term advantages.
Permanent Trading Fee Discount: The most common benefit is a reduction in trading fees. For instance, some codes offer a 20% rebate on transaction fees for the lifetime of the account. This can lead to significant savings, especially for active traders.
Welcome Bonuses: New users can often claim a welcome bonus, such as a cryptocurrency mystery box, upon successful registration and completion of certain tasks. These bonuses are a great way to start your trading journey with extra funds.
How to Use an OKX Invitation Code Correctly
The process of applying an invitation code is straightforward and is part of the standard registration workflow.
- Locate the Registration Page: Visit the official OKX website or download the official mobile app to begin.
- Enter Your Details: Fill in the required information, such as your email address and a secure password.
- Find the Invitation Code Field: During the sign-up form, look for a field labeled "Invitation Code" or "Referral Code."
- Input the Code: Accurately type or paste the code (e.g., ETH99) into this field. Ensure there are no spelling errors or extra spaces.
- Complete Verification: Finish the process by verifying your email address and setting up two-factor authentication (2FA) for enhanced security.
After completing these steps, the benefits associated with the code should be automatically applied to your account. You can usually verify this in your account settings or fee structure overview.
Important Considerations for Deposits
After registering, you will likely want to deposit assets to begin trading. This process requires careful attention to detail to avoid errors.
- Network Selection: When depositing a cryptocurrency like USDT, you must select a network (e.g., TRC20, ERC20). The most critical rule is to use the same network for withdrawal from the sending platform and deposit on OKX. Using different networks will result in a permanent loss of funds.
- Address Accuracy: Always double-check the deposit address. Copy and paste it instead of typing it manually to prevent mistakes.
- Memo/Tag Field: For certain cryptocurrencies (e.g., XRP, ATOM), a Memo or Tag is required in addition to the wallet address. Omitting this or entering it incorrectly will also lead to lost funds.
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Frequently Asked Questions
What happens if I forget to enter an invitation code during registration?
Typically, the opportunity to enter a code is only available during the initial sign-up process. If you missed it, you usually cannot retroactively apply it to an existing account. You would need to create a new account with the code to receive the benefits.
Can I change or update my invitation code after registering?
No, the invitation code is linked to your account at the moment of creation and cannot be altered or updated afterwards. The benefits are applied once during the account setup.
Are there any risks associated with using an invitation code?
Using a valid code from a trusted source carries no risk. It only activates benefits. However, you should always ensure you are on the official OKX website to avoid phishing scams promising fake codes and rewards.
Do I need to use a specific code, or are they all the same?
While many codes offer similar benefits like a fee discount, the exact welcome bonus (e.g., the value of a mystery box) might vary depending on ongoing promotions. It's best to use a code from a current official promotion.
Who benefits from me using an invitation code?
Both parties benefit. You, as the new user, receive a welcome package and fee discount. The existing user who provided the code also usually receives a reward from the exchange for successful referrals, such as a commission on your trading fees.
Is my personal data shared with the referrer when I use their code?
No, your private data and account information remain confidential. The referrer only receives notification that a referral was completed and may see a non-identifiable username, but not your personal or financial details.