The OKX trading password (also called fund password) is a second layer of security verification independent of the login password, required for critical operations such as withdrawals, transfers, and security setting changes. After setting a trading password, even if your login password is compromised, attackers cannot transfer your funds. It is strongly recommended to set it up immediately after registration.
Users who don't have an OKX account yet should first visit the Binance official website to create an account. It is recommended to download the Binance official app. Apple users can refer to the iOS installation guide to complete the setup on mobile.
How to Set Up the OKX Trading Password?
App Setup Steps
- Open the OKX App, tap the profile icon in the upper left
- Go to "Security Center"
- Find the "Trading Password" option and tap "Set Up"
- Enter a 6-digit trading password
- Confirm by entering the password again
- Complete email or phone verification code verification
- Setup complete
Web Setup Steps
- Log in to the OKX website, click the profile icon in the upper right
- Go to the "Security Settings" page
- Click "Set Up" in the "Trading Password" section
- Enter and confirm the 6-digit password
- Setup is complete after passing security verification
When Is the Trading Password Required?
After setting the trading password, the following operations require it:
- Withdrawal/Transfer: Transferring cryptocurrency from OKX to an external address
- C2C Selling: Selling cryptocurrency in C2C transactions
- Modifying Security Settings: Changing bound phone number, email, etc.
- Disabling Security Features: Turning off 2FA or modifying withdrawal whitelist
- API Creation: Creating new API Keys
Regular buying, spot trading, and futures trading do not require entering the trading password, so it won't affect the convenience of daily trading operations.
What's the Difference Between Trading Password and Login Password?
| Comparison | Login Password | Trading Password |
|---|---|---|
| Purpose | Account login | Fund operation verification |
| Format | Letters + numbers + special characters | 6-digit numbers only |
| Usage Frequency | Every login | Withdrawals/transfers |
| Security Level | Basic security layer | Fund security layer |
Important Principle: The trading password must be different from the login password. Do not set easily guessable simple numbers like 123456, birthdays, etc.
How to Change the Trading Password?
If you need to change an existing trading password:
- Go to "Security Center" → "Trading Password"
- Click "Modify"
- Enter the current trading password
- Enter and confirm the new trading password
- Complete email/phone verification
- Modification successful; the new password takes effect immediately
After changing the trading password, withdrawal functions will be temporarily restricted for 24 hours as a system security measure.
What to Do If You Forget the Trading Password?
- Go to "Security Center" → "Trading Password"
- Click "Forgot Trading Password"
- Complete identity verification (email code + phone code + Google Authenticator code)
- Set a new trading password
- After reset, withdrawal functions will be restricted for 24 hours
If your bound verification methods are also unavailable, you will need to contact OKX customer service for manual identity verification, which may require providing KYC document photos and other materials.
Security Reminders
When setting and using your trading password, pay attention to the following security precautions:
- Do not reuse other passwords: The trading password must be unique — do not reuse your login password or bank password
- Do not tell anyone: OKX customer service will never ask for your trading password
- Avoid simple number combinations: Do not use 123456, 000000, birthdays, or other easily guessable passwords
- Change regularly: It is recommended to change your trading password every 3-6 months
- Be aware of your surroundings: Watch for people looking over your shoulder when entering your trading password in public
- Combine with other security measures: Trading password + Google Authenticator + email verification provides the best triple protection
What Happens If I Enter the Wrong Trading Password Multiple Times?
After entering the wrong trading password 5 times consecutively, the feature will be temporarily locked for 2 hours. During the lock period, operations requiring the trading password cannot be performed. If you truly forgot the password, do not keep trying — go directly to "Forgot Trading Password" to reset it.
Can I Disable the Trading Password?
OKX allows disabling the trading password, but this is strongly discouraged. Disabling it lowers your account security level and removes one layer of protection for withdrawals and other operations. If you truly need to disable it, you must go through a complete security verification process.
Is the OKX Trading Password the Same as Binance's Fund Password?
They are functionally similar — both serve as a second-layer password to protect fund operations. The difference is that OKX's trading password is a 6-digit number only, while Binance's fund password supports a combination of letters and numbers. The use cases are essentially the same.
Does Setting a Trading Password Affect Trading Speed?
No, it does not affect daily trading. The trading password is only required for fund withdrawal operations like withdrawals and transfers. Normal buying, selling, and order placement do not require the trading password and add no latency.