Key Takeaways
- KYB safeguards OKX through fraud prevention, AML and CTF controls, and ownership transparency;
- How to open a company account on OKX depends on the type of entity, with requirements tailored for privately owned companies, NPOs, partnerships, and publicly traded corporations;
- Verification typically involves submitting corporate documents, along with details of key persons such as corporate officers, directors, and authorized users.
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Alright, let’s cut straight to the chase. You came here to learn how to open a company account on OKX, and lucky for you, it doesn’t require a mountain of paperwork or a team of lawyers. It’s way more approachable than opening a traditional corporate bank account.
As of writing, OKX has evolved into one of the most trusted exchanges for businesses, offering advanced trading tools, secure custody, and seamless onboarding for companies looking to step into crypto. The platform’s global presence has made it a popular choice for institutions seeking speed and reliability without the headache.
Stick around, and I’ll walk you through the process step by step so you can set up your company account and unlock the full benefits of trading with OKX.
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Table of Contents
- 1. How to Open a Company Account on OKX
- 1.1. How to Create an OKX Account
- 1.2. How to Verify an Institutional Account
- 1.3. How to Check Verification Status
- 2. Key Considerations Before Applying
- 3. Common Application Issues and How to Fix Them
- 4. Types of Institutions and Their Onboarding Requirements
- 4.1. Privately Owned Company
- 4.2. Family Office
- 4.3. Privately Owned Financial Institution
- 4.4. Non-Profit Organization (NPO)
- 4.5. Trust
- 4.6. Fund
- 4.7. Government-Owned Enterprise
- 4.8. Publicly Traded Company
- 5. What to Do if You’re Unsure About Your Institution Type
- 6. Conclusions
How to Open a Company Account on OKX
Some companies wonder why KYB verification is even necessary. Simply put, it keeps the platform safe. OKX verifies businesses to ensure they are legitimate, which protects both the company and its clients while reducing the chance of fraud.
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At the same time, exchanges must comply with regulatory requirements. Anti-money laundering (AML) and counter-terrorism financing (CTF) standards call for thorough checks on institutional accounts.[1] Regulators in OKX jurisdictions also mandate disclosure of ownership structures so that the actual person(s) in control can be identified.
By making ownership and control transparent, accountability is strengthened and risks are reduced. When businesses know every account has been properly vetted, trust in the platform grows, and the overall security of the OKX ecosystem improves.
Intermediate owners refer to entities that sit between your institution and the ultimate beneficial owner (UBO) in the ownership chain, holding a notable stake in the company.
How to Create an OKX Account
Setting up an OKX company account is easier than you might expect. The platform walks you through the process step by step, from filling in basic information to securing your login. In just a few minutes, your business can be ready to trade. Here’s how to create an OKX account:
![How to open a company account on OKX: [Sign Up] and [Try OKX] buttons on OKX homepage.](https://assets.bitdegree.org/images/how-to-open-a-company-account-on-okx-okx-homepage.jpg "How to open a company account on OKX: [Sign Up] and [Try OKX] buttons on OKX homepage.")
Type your email address into the Email Address field. If you have a referral code, insert it here. Click [Sign up] to proceed. You will receive a six-digit verification code via email. Enter this code into the Enter Your Email Code field within ten minutes and select [Next].
Once your account is verified and funded, take a moment to familiarize yourself with the dashboard and available features. You can review profile settings, security options, and account preferences while preparing for the verification process.
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How to Verify an Institutional Account
To unlock full trading and deposit features, complete the institutional verification process with your company documents on hand, as they will be required.
![How to open a company account on OKX: [Verification] menu on OKX.](https://assets.bitdegree.org/images/how-to-open-a-company-account-on-okx-verification-menu-on-okx.jpg "How to open a company account on OKX: [Verification] menu on OKX.")
![How to open a company account on OKX: [Verify Now] button on OKX](https://assets.bitdegree.org/images/how-to-open-a-company-account-on-okx-verify-now-button-on-okx.jpg "How to open a company account on OKX: [Verify Now] button on OKX")
While your team gathers documents, you can continue filling out other sections of the application using the progress bar.
Once approved, the OKX team may schedule a visit to finalize the Membership Agreement. After this, your account will be fully operational. With your OKX company account verified, institutions gain access to advanced tools, including managed trading sub-accounts.
These features support trading teams and investors who want to diversify strategies, streamline portfolio management, and take advantage of stronger security and fee benefits. While not required to get started, they can be a powerful addition once your business grows on the platform.
How to Check Verification Status
Before moving on to crypto trading, it’s essential to keep track of your OKX company account verification progress. Checking your status confirms when your account is ready for deposits, withdrawals, and trading, and lets you respond quickly if the onboarding team needs more details.
Moreover, you can view your progress anytime. Here’s how:
![How to open a company account on OKX: [Continue] button for saved verification on OKX.](https://assets.bitdegree.org/images/how-to-open-a-company-account-on-okx-continue-button-for-saved-verification-on-okx.jpg "How to open a company account on OKX: [Continue] button for saved verification on OKX.")
![How to open a company account on OKX: verification status marked [Under review] on OKX.](https://assets.bitdegree.org/images/how-to-open-a-company-account-on-okx-verification-status-marked-under-review-on-okx.jpg "How to open a company account on OKX: verification status marked [Under review] on OKX.")
When your application is approved, its status will change to [Approved]. If your application is rejected, the status will be updated to [Rejected]. Select the verification feedback option for details, and check your email for a complete explanation of the rejection reason.
That's it! After confirming your verification status, you can proceed with funding your account and exploring OKX’s trading tools with confidence.
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Key Considerations Before Applying
Applying for an OKX corporate account can go smoothly when all preparatory steps are carefully handled. Planning ahead reduces delays and avoids common mistakes during the onboarding process.
- Identify Your Institution Type. Clarify your company’s legal structure using official documents like your certificate of incorporation or business registration. Knowing whether your entity is privately owned, publicly traded, a fund, or another type ensures the correct completion of the application fields and avoids delays during verification.
- Collect Required Documents in Advance. Gather all necessary documents, including proof of identity, proof of address, and organizational papers. Ensure documents are clear, in PDF format, and under 20MB to prevent upload errors. Having everything ready reduces the need for back-and-forth communication during the submission process.
- Ensure Consistency Across Documents. Verify that names, addresses, and other key information match across all documents. Inconsistencies can trigger review delays or requests for clarification. Cross-check every detail for accuracy before uploading files to the application portal.
- Prepare an Organizational Chart. If ownership or control is held through multiple entities, create an organizational chart that shows the chain of ownership and key persons. This visual guide helps reviewers quickly understand your structure and avoid confusion in identifying ultimate beneficial owners (UBO).
- Check Restricted Jurisdictions. Confirm that your company and any key individuals are not based in restricted regions. OKX may limit or prohibit account access in certain locations, and compliance with these rules is required to complete the application.
Being thorough in these preparatory steps helps avoid common pitfalls and makes the process of how to open a company account on OKX more efficient.
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Common Application Issues and How to Fix Them
Even simple formatting errors or missing details can block progress when completing your OKX corporate account application. Knowing the common hurdles and how to address them helps you move through verification smoothly and focus on trading rather than troubleshooting.
If you’re following our guide on how to open a company account on OKX, keeping these tips in mind will save time and reduce frustration.
Fields Not Saving | ✓ Ensure all fields are entered in the correct format. ✓ Avoid using autofill for addresses, ID numbers, or tax numbers. |
File Upload Errors | ✓ Clear your browser cache and cookies before uploading documents. ✓ Compress files if they exceed size limits and use PDF format whenever possible. ✓ Ensure scanned documents are legible and of high quality. |
Missing Information | Track the progress bar on the side of your application to ensure that you have completed all required sections. |
Delays in Review | Allow time for the OKX onboarding team to process your submission. Avoid repeated inquiries unless a significant amount of time has passed beyond the typical review window. |
Incorrect Institution Type | ✓ Review your official legal documents, such as your certificate of incorporation or business registration. ✓ Consult internal teams, like legal, compliance, or senior management, to confirm your institution type matches the documentation. |
Browser Compatibility Issues | ✓ Use a supported web browser, ensure it is up to date, and turn off any conflicting extensions. ✓ Restart the browser if issues persist. |
Document Rejection | Verify that all Proof-of-Identity (PoI) and address documents comply with OKX's requirements. Originals or certified copies are preferred. |
Unclear Ownership Structure | Provide a complete organizational chart, including intermediate and ultimate beneficial owners. Ensure the full names and ownership percentages of all parties are included. |
Table: Quick fixes for OKX company account verification issues
After resolving these common hurdles, you’ll be ready to monitor your verification status and move on to funding and trading with your newly verified account.
A beneficial owner is the individual who truly holds ownership or control over an institution. Even when the connection is indirect, a person may still qualify as a beneficial owner if authority or ownership can be traced back to them.[2]
Types of Institutions and Their Onboarding Requirements
OKX treats each institution differently. Whether your organization is private, public, a fund, or something else entirely, getting your classification right is the first step toward a smooth, hassle-free onboarding process. Nail this part, and the rest of the process becomes way easier to navigate.
Privately Owned Company
Privately owned companies are entities that are not publicly traded and have less than 50% government ownership. They operate across various industries, including manufacturing, real estate, pharmaceuticals, and construction.
Since these organizations are not regulated as financial institutions, the onboarding process emphasizes verifying corporate officers, directors, and UBOs to establish control and governance.
Corporate Officers | Individuals with responsibility for controlling, managing, or directing the company, such as CEO, CFO, COO, Managing Member, General Partner, President, Vice President, or Treasurer. |
Directors | Elected or appointed board members who are responsible for governance, high-level strategy, and accountability. |
Ultimate Beneficial Owners | Individuals who ultimately own or exercise control over the company, including indirect ownership through intermediary entities. |
Authorized Users | Persons who can access and operate the company's OKX account. |
Table: Details of key persons in a Privately Owned Company
Having a clear understanding of each role reduces ambiguity during verification and ensures that submitted documentation aligns with compliance expectations. Preparing organizational documents, proof of identity, and addresses for all key persons helps expedite the review.
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Family Office
Family offices manage personal wealth on behalf of UBOs, typically for investment or trading purposes. KYB focuses on confirming the structure, identifying key players, and checking access permissions. These offices can range in size and complexity depending on the family’s assets.
Key persons follow the same categories as earlier institutions, including corporate officers, directors, UBOs, and authorized users.
Once key persons are verified, the family office must provide organizational documents, identifying information, and valid IDs to ensure compliance and accurate representation of its structure. Supporting records, such as legal formation documents and ownership diagrams, help compliance teams determine who holds trading authority.
Privately Owned Financial Institution
Privately owned financial institutions, such as broker-dealers, banks, money transmitters, or Money Service Businesses (MSBs), share similarities with privately owned companies.
However, they face stricter compliance requirements due to their financial operations. These entities require documentation confirming regulatory compliance and the identity of all key persons who control or own the institution.
Since the key persons match those of privately owned companies, the onboarding steps are also largely similar. Additional verification ensures compliance with financial regulations, while accurate and consistent documentation helps streamline the process.
Non-Profit Organization (NPO)
Non-profit organizations exist to serve the public interest rather than generate profit. They may operate locally or internationally, covering a range of organizations, including charities, foundations, research institutes, political groups, and professional associations.
During onboarding, the focus is on verifying the organization’s legal purpose and governance structure. Proof of tax-exempt status and supporting documentation are central to confirming legitimacy.
Most key persons in an NPO are similar to those in privately owned companies, including corporate officers, directors, and authorized users. Unique to NPOs are major donors, whose significant contributions support the mission. When those donations influence decision-making or control, additional disclosure may be required to ensure transparency.
Trust
Trusts are legal arrangements where a trustee manages assets on behalf of beneficiaries. KYB verification ensures all key players, including trustees, grantors, and beneficiaries, are adequately identified.
Grantor | An individual who creates and funds the trust, deciding how it operates |
Trustee | Person or institution managing trust assets on behalf of beneficiaries |
Beneficiary | Current or future recipients of the trust's assets |
Authorized Users | Individuals authorized to access and operate the trust's OKX account |
Table: Details of key persons in a Trust
That said, trusts require documents that name the grantor, trustee, beneficiaries, and any authorized operators. Trust deeds, notarized signatures, and identity documents for trustees and beneficiaries are typically requested. A precise trust instrument clarifies who is authorized to act on the account, reducing ambiguity.
Fund
Funds are collective investment vehicles that pool money from investors, such as hedge funds, pension funds, mutual funds, and private investment funds.
Onboarding focuses on governance structures, investment authorities, and the allocation of decision-making responsibilities. The review also extends to familiar categories such as corporate officers, directors, UBOs, and authorized users, with particular attention to how investor capital is managed and how control is shared.
As funds operate with pooled assets, reviewers often request additional records, like fund agreements or prospectuses. For more complex setups, an organizational chart can clarify voting rights, management authority, and the flow of ownership.
Government-Owned Enterprise
Government-owned enterprises are entities where a national or local government holds 50% or more of the ownership. These organizations may include ministries, state-backed companies, or public funds, and they often balance commercial activities with public oversight and accountability.
Key persons mirror those in private companies, though they carry greater accountability to government stakeholders. Verification involves identifying officers, directors, UBOs, and authorized users, with extra emphasis on demonstrating how state influence is built into governance.
For compliance, these enterprises must provide organizational records, proof of official appointments, and documentation of ultimate control. Governance notes or charters that outline how decisions flow through the government chain of command help reviewers clearly map authority.
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Publicly Traded Company
Publicly traded companies are owned by shareholders through stock listed on exchanges. Due to this broad ownership base, they operate under strict governance and disclosure rules designed to protect investors.
Key persons include corporate officers, directors, UBOs, and authorized users, but the focus shifts to individuals who hold significant voting power or major blocks of shares. Highlighting these controlling interests ensures regulators can see who truly influences the company.
Onboarding calls for organizational records, shareholder registers, and legal filings that confirm transparency. Ownership charts or exchange disclosures help compliance teams assess who can influence decisions, ensuring the company’s structure is clear and regulatory obligations are met.
What to Do if You’re Unsure About Your Institution Type
Sometimes, determining your institution type may feel unclear, especially if the terminology on OKX does not match what you usually see in your documents.
This step is a crucial part of understanding how to open a company account on OKX, as the platform requires accurate classification before completing the onboarding process. Instead of second-guessing, you can rely on a structured approach that draws from both internal and external resources.
1
Review Official Documents. Certificates of incorporation, business registrations, or formation records often contain wording that defines your institution. Supporting materials, such as memoranda and articles of association, can also provide clues about its legal structure.
2
Examine Organizational Structure. Ownership models, management responsibilities, and governance processes often indicate whether an entity is privately owned, publicly listed, or controlled by specific beneficial owners.
3
Consult Internal Experts. If reviewing documents and structure still leaves uncertainty, turn to people within your institution:
Legal Team | Clarifies how the institution is formally recognized under law and guides compliance requirements. |
Accounting Department | Understands financial frameworks and regulatory obligations connected to the institution’s type. |
Corporate Secretary / Governance Officer | Maintains official records and provides access to formation documents that define structure. |
Compliance Officer | Confirms classification from a regulatory standpoint. |
Senior Management | Offers broad insights into ownership and operational models that affect classification. |
Table: Key roles to consult for classification
Turning to these internal experts often resolves uncertainties. However, if questions still remain, you can seek guidance from external advisors such as legal counsel or professional consultants for added clarity before moving forward.
4
Seek External Advice If Needed. When internal reviews are insufficient, professional consultants or legal counsel can offer reassurance. Their expertise in corporate matters helps confirm classification before you proceed.
By combining document reviews, structural analysis, and expert advice, you create a well-rounded process that minimizes mistakes. This approach not only helps you select the right institution type but also ensures smoother onboarding with OKX.
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Conclusions
By now, you should feel confident about how to open a company account on OKX and what steps are involved in the process. The walkthroughs provided above offer a clearer picture of the requirements and documents, as well as a smooth path toward onboarding.
The next step is putting that knowledge into action. Prepare your paperwork, follow the application flow carefully, and utilize the resources OKX provides to institutional clients. Doing so ensures your account setup can progress efficiently.
Overall, OKX offers businesses access to a secure and reliable trading platform. For added peace of mind, you can even secure your assets with hardware wallets, like Ledger Flex. So launch your company account now and see how OKX makes trading effortless!
The content published on this website is not aimed to give any kind of financial, investment, trading, or any other form of advice. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Before making financial investment decisions, do consult your financial advisor.
Scientific References
1. Bebris, A. V., Mukkamala, R. R.: ‘Anti-Money laundering and counter-terrorism financing methodology for Cryptocurrency exchanges in the European Union’;
2. Sayne, A., Westenberg, E., Shafaie, A.: ‘Owning Up: Options for Disclosing the Identities of Beneficial Owners of Extractive Companies
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