How to Deposit 1000SATS on OKX? A BRC-20 Funding Tutorial
Depositing 1000SATS to OKX hinges on understanding that “1000SATS” is a display unit after conversion. The asset you are depositing is the BRC-20 token SATS, and the process is similar to a regular Bitcoin on-chain transfer, but remember to select a Taproot address on the BTC network to receive it.
1. Understand the Relationship Between 1000SATS and SATS
Before you start depositing, you need to understand a conversion that can easily cause confusion, otherwise you might be puzzled by the credited amount.
1000SATS is a unit used by the exchange to improve readability; 1000SATS equals 1,000 times SATS. For example, if you deposit 1,100 SATS to the exchange, the system will automatically display it as 1.1 1000SATS.
This means that the “1000SATS/USDT” trading pair you see on OKX actually trades “packaged units” of 1,000 SATS. When transferring on-chain, you operate with the original SATS tokens.
Prerequisite: You have registered and completed identity verification (KYC) on OKX. Unverified accounts cannot deposit or trade normally.
2. Step 1: Get the Correct Deposit Address on OKX
Step 1: Enter the deposit page and select 1000SATS
What to do: Open the OKX app or website, go to the Assets page, and select the Deposit function.
How to do it: Search for “1000SATS” or “SATS” on the deposit page. Depending on the platform rules, the coin name on the deposit page might be 1000SATS or SATS.
Completion condition: You have entered the deposit details page for this asset.
Step 2: Pay special attention to select BTC network (Taproot)
What to do: In the deposit network options, choose the correct chain.
How to do it: 1000SATS is a BRC-20 token based on the Bitcoin network (BTC Network). You need to select the BTC network, but there is a crucial detail: the network type must be “BTC (Taproot)”. This is the standard receiving address format for BRC-20 tokens (including SATS), starting with bc1p.
Completion condition: The page generates a BTC deposit address starting with bc1p; copy that address.
Warning: If you select a non-Taproot BTC address (like traditional addresses starting with 1 or 3), you will not be able to receive this asset properly and may permanently lose your funds.
3. Step 2: Initiate Transfer from Wallet (BRC-20 Transfer)
Step 3: Send SATS from your wallet
What to do: Initiate a transfer from a Web3 wallet holding SATS (such as OKX Web3 Wallet).
How to do it:
Find your SATS asset in the wallet or use the BRC-20 market function to transfer.
Paste the Taproot address you copied from OKX.
Verify the network is BTC mainnet, enter the amount you want to send (pay attention to the unit conversion mentioned earlier to ensure your balance is sufficient).
Confirm and submit the transaction, paying the required BTC network miner fee.
Completion condition: The wallet prompts that the transaction has been broadcast and generates a transaction hash (TxID).
Step 4: Wait for on-chain confirmation
What to do: Wait for block confirmations on the BTC network.
How to do it: BTC network confirmation usually takes 10 minutes to several tens of minutes. You can check the real-time status using the transaction hash on a BTC blockchain explorer.
Completion condition: The 1000SATS balance in your OKX asset account increases.
Risk Reminder:
Network type is the biggest risk: BRC-20 tokens must be operated on the BTC mainnet (and generally require a Taproot address). Never attempt to deposit or withdraw via ERC20 or TRC20 networks; this will cause irreversible losses.
Confirm your token standard: Make sure the SATS in your wallet is indeed the BRC-20 standard, not a homonymous token on other networks.
Recommended small test transfer: If this is your first time, we suggest sending a small amount first to test the process before handling larger assets.
After completing the above, how to confirm the deposit is successful?
Log in to the OKX App, go to “Assets” → “Funding Account” to check if the 1000SATS balance has changed. Also, in “Deposit History”, confirm the status is “Completed”. If it hasn't arrived after 1 hour, save your transaction hash (TxID), which is the most critical proof when contacting OKX customer support to locate assets.
