Do You Need to Submit Bank Statements for OKX KYC Verification?
Most regular users only need to complete standard KYC verification and do not need to submit bank statements. You are only required to submit supporting materials such as bank statements to prove the legitimacy of your funds when the system triggers an "Additional Verification" or "Source of Funds Check".
Pre-verification Checklist
Before you proceed, confirm two points first:
Check the system prompt carefully first — confirm if you are required to complete "Standard Identity Verification" or "Additional Verification". The former is the regular process, while the latter is the only step that may involve bank statement submission.
Do not proactively submit bank statements — if the system does not explicitly request these documents, the platform will not process any voluntarily submitted materials.
1. No Bank Statements Required for Standard KYC
Objective: Clarify what documents are needed for standard KYC verification, and under what circumstances you will be asked to provide bank statements.
Process:
KYC on OKX is divided into two tiers:
Tier 1 Verification: You only need to provide a government-issued photo ID (passport, national ID card, or driving license) plus complete facial recognition. No proof of address or bank statement is required at this stage.
Tier 2 Verification: On the basis of Tier 1 verification, you need to submit proof of address (utility bill or bank statement issued within the last 3 months). The bank statement submitted here is only used to verify your residential address, not to prove the source of your funds.
Completion Standard: You can clearly distinguish between a "bank statement for address verification" and a "bank statement for source of funds verification" — the two documents serve completely different purposes.
Common failure reason: Mistakenly believing all KYC steps require bank statement submission, and voluntarily uploading bank statements during Tier 1 verification. If the system does not request this document, your upload will not be processed at all.
2. Scenarios Where You Are Required to Submit Bank Statements
Objective: Understand the specific conditions that trigger the bank statement submission requirement.
Process:
The system may ask you to submit bank statements or other source of funds supporting documents under the following circumstances:
System-triggered additional verification: The platform runs compliance audits on a regular basis, and a portion of users will be selected to complete "Additional Verification" which may include proof of source of funds and source of wealth. This verification is usually randomly triggered, not targeted at a specific transaction.
Account flagged by risk control: When large withdrawal operations or abnormal trading behaviors trigger the platform's risk control rules, you may be required to provide bank statements from the last 6 months to verify the legitimacy of your funds.
Dedicated source of funds audit: When the platform needs to confirm that the funds you use for trading are from legal sources, you may be asked to submit salary slips, tax documents, employment contracts and other supporting materials.
Completion Standard: You can determine which scenario you are facing based on the system prompt: if you only receive a notice saying "Please complete additional verification", follow the instructions in the questionnaire to proceed; if your account functions are already restricted, you will need to submit the required supplementary materials.
Risk Warning: Forging bank statements is a serious violation of the platform rules. Once detected, your account may be permanently frozen, and you may face corresponding legal liabilities.
3. How to Submit Required Bank Statements
Objective: Prepare and submit bank statement files that meet the platform's requirements as instructed by the system.
Process:
Access the verification page: Open the OKX App, click [Submit Information], or go to [Profile] - [Identity Verification] - [Verify Now].
Select your source of funds type: First select the category that matches your source of funds, such as "Employment Income", "Non-crypto Asset Sale", "Investment Return" etc., then upload the corresponding supporting documents. If you select the wrong category, you can reselect and resubmit your documents.
Bank statement requirements (taking "Employment Income" as an example):
Display your full legal name
Show the full company name and official company seal
Clearly state the salary amount
Include keywords such as "salary" or "payroll"
Issued within the last 3 months
Completion Standard: Your documents are successfully uploaded, and the page shows "Submission Successful" or "Under Review" status. The review process is usually completed within 24 hours.
4. What to Do If You Do Not Have Eligible Bank Statements
Objective: Figure out what alternative documents are acceptable if you cannot provide a qualified bank statement.
Process:
Apart from bank statements, you can also submit other documents that meet the platform's requirements:
Salary Slip: Issued within the last 3 months, including your full name, company name and official company seal
Tax Document: Personal income tax record issued within the last 3 months
Employment Contract: Including your full name, company name, salary amount and official company seal
Social Security or Housing Fund Payment Certificate: Including your full name and full payment records
Completion Standard: You can select one eligible document type that you can provide based on your actual income situation.
Quick Reference Table for Bank Statement Submission Scenarios
| Scenario | Bank Statement Required? | Note |
|---|---|---|
| Tier 1 Identity Verification | ❌ No | Only ID document + facial recognition required |
| Tier 2 Verification (Proof of Address) | ❌ No | Utility bills or other valid proof of address are accepted |
| Additional Verification (Source of Funds) | ✅ Possibly required | Only need to submit after the system explicitly triggers the request |
| Account Restricted by Risk Control | ✅ Possibly required | Submit documents as instructed by customer support after your account is restricted |
If the system does not send you an explicit request for bank statement submission, you do not need to take any extra actions. If you have received the "Additional Verification" notice, follow the system guide to select your source of funds type and submit the corresponding supporting documents. After submission, check your App message center regularly, the review result is usually sent within 24 hours. If your submission is rejected, check the rejection reason, adjust your documents and resubmit.
