How to Deposit XLM on OKX? Stellar Lumens Funding Tutorial

Depositing XLM (Stellar Lumens) on OKX follows a standard on-chain deposit flow: log in → get your XLM deposit address and Memo → initiate the transfer from an external wallet, making sure to fill in both the address and the Memo. The Memo is the critical piece that allows the exchange to identify your account; missing or incorrect Memo will cause delays or loss of funds. The unique aspect of XLM transfers is the Memo mechanism – all users share the same deposit address, and the Memo distinguishes which account the funds belong to. Below is the complete step-by-step guide.

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Prerequisites

1. You have registered an OKX account and completed identity verification (KYC). KYC is required before using deposit and trading functions.
2. You hold XLM on the Stellar mainnet, and your wallet has sufficient balance to cover the network fee (Stellar network fees are extremely low, typically around 0.00001 XLM).
3. You have confirmed that the wallet holding your XLM supports the Memo feature (most Stellar wallets do).

Step 1: Log in to OKX and Get Your XLM Deposit Address and Memo

App:

1. Open the OKX App and tap [Assets] at the bottom → [Deposit].
2. Type "XLM" or "Stellar" in the search bar and select XLM.
3. Choose the Stellar network (Stellar mainnet).
4. The page will display:
   • Deposit Address: a string starting with "G" (Stellar mainnet address)
   • Memo: a string of digits
5. Copy the address and Memo separately.

Web:

1. Log in to the OKX website, click [Assets] → [Deposit].
2. Search for XLM and select the Stellar network.
3. Copy the deposit address and Memo displayed.

Completion criteria: Successfully copied both the XLM deposit address and the Memo digits generated by OKX.

XLM deposits differ from other tokens – XLM uses Memo to distinguish users, whereas most tokens only require choosing the correct network. You must fill in both the address and Memo; neither can be omitted.

Step 2: Initiate the XLM Transfer from an External Wallet

1. Open the wallet holding your XLM (e.g., Lobstr, Solar Wallet, or an exchange supporting the Stellar mainnet).
2. Select "Send" or "Transfer":
   • Recipient address: Paste the OKX deposit address (starting with "G") from Step 1.
   • Memo: Enter the Memo digits from Step 1 in the Memo field.
   • Amount: Enter the amount of XLM you wish to deposit (remember to leave enough for the network fee).
3. Verify the address and Memo are correct, then confirm the transfer.

Completion criteria: The transaction is submitted successfully and a transaction hash (TxID) is generated.

The Memo on the Stellar network is used to determine which account the transaction should be allocated to. Because all exchange users share a single deposit address, the Memo is the key identifier. Without the Memo, your deposit will experience significant delays, and in some cases may not be recoverable.

Step 3: Confirm the Deposit

1. Return to the OKX App or website, go to [Assets] → [Deposit History] to check the status.
2. XLM deposits require Stellar mainnet confirmations. The Stellar network is fast; it usually takes 1-5 minutes to complete.
3. When the deposit status changes to "Completed" and the XLM balance in the [Assets] page increases, the deposit is successful.

Completion criteria: The OKX Assets page shows the updated XLM balance.

Common Failure Reasons

Memo incorrectly filled in or omitted

This is the most common error with XLM deposits. If the Memo field is left blank or entered incorrectly, the system cannot identify the owner of the transaction. The deposit will not be credited automatically. You will need to contact customer support for manual handling. Omitting the Memo causes severe delays and, in some cases, funds may not be recoverable.

Risk Notes

• Both address and Memo must be filled in: The unique aspect of XLM deposits is that the Memo is mandatory, not optional.
• Wrong network risk: Sending XLM to a non-Stellar mainnet address (such as a BSC or ETH address) may result in irreversible loss of assets.
• Address verification: After pasting the address, double-check the first few and last few characters to prevent clipboard hijacking.

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How to Confirm the Deposit is Complete

After submitting the deposit, check the status in OKX [Deposit History]. When the status changes from "Processing" to "Completed" and the XLM balance in [Assets] has increased, the deposit is successful.

If the deposit has not arrived after more than 30 minutes, look up your TxID on a Stellar block explorer to verify the on-chain confirmations. Once confirmed on-chain, check whether the Memo was filled in correctly. If the funds still haven't arrived, copy the TxID and your Memo, and submit a "Deposit not credited" ticket via the OKX Support Center for investigation.