The Offer
- Crypto platform OKC is offering a 5% match on balances $1,000-$50,000. Hold period is 24 weeks but seems to pay out every 14 days so don’t need to hold for the full period. Must opt in by February 17, 2026
Screenshot
The Fine Print
- This deposit match rewards program is being offered by the OKX entity on which you are onboarded as a customer under the OKX Terms of Service (“OKX“). The rewards period (the “Rewards Period“) shall be stipulated in the relevant reward session landing page.
- Deposit Match is available to new or existing eligible OKX users, who are not employees of OKX, residing in the United States during the Rewards Period (as confirmed by advanced identity verification) except for individuals residing in New York, Texas, American Samoa, Guam, the Northern Mariana Islands, and the US Virgin Islands.
- You must click the “Opt-in” button and and make sure the button has been updated to “Deposit now” to be considered a valid participant of the rewards program. Otherwise, your participation will be void and deposits made during the Rewards Period will not be counted.
- In order to participate and receive the relevant rewards in this rewards program, participants must pass or have previously passed OKX’s advanced KYC identity verification.
- Each user can only participate in one rewards session at any one time.
- Participation in this rewards program is restricted to the main account only. Sub-accounts are not eligible to participate. The deposit of sub-accounts will not be included in the calculation of the deposit of the main account.
Our Verdict
Some things to note:
- These funds are in crypto and there is no insurance provided. OKX is one of the larger exchanges but that doesn’t mean they are immune from issues.
- You can get 5% APY interest earned automatically on USDG held in OKX
- Can participate on airdrops (assuming the crypto you hold qualifies)
- Doesn’t seem like transferring out, opting in and then transferring back in will work
- Can stack with $200 referral bonus (do not share referrals below)
OKX has been offering a few of these things lately, interestingly the maximum deposit is increasing but overall APY is decreasing (h/t Alex):
- First time $300 bonus for $3k deposit, 90 days, effective APY ~40%
- Second time $250 bonus for $5k deposit, 90 days, effective APY ~20%
- Third time $2500 bonus for $50k deposit, 168 days, effective APY ~10.8%
Personally I can’t see how this is sustainable for OKX at all. If everything works out and you hold funds in USDG then you’re effectively earning 15% APY (10% APY from this promotion and then another 5% from USDG earning 5% anyway). Only you can decide if the risk is worth that extra potential return or not. Personally I’ll skip this offer.
