How to Deposit Under the Travel Rule?

Published on Feb 24, 2025Updated on Mar 20, 20253 min read

In accordance with the Regulation on Measures for the Prevention of Money Laundering and the Financing of Terrorism, cryptocurrency platforms operating in Turkey are now required to collect certain information during crypto deposit and withdrawal transactions.

How does the Travel Rule affect me?

The Travel Rule, effective from February 25, 2025, applies to all cryptocurrency deposit and withdrawal transactions made on the blockchain via OKX TR. Your buying and selling transactions will not be affected.

As of this date, when withdrawing crypto via OKX TR, you'll need to specify whether the transfer is to a personal wallet or a crypto exchange account. Similarly, when depositing crypto into OKX TR, you must indicate whether the transfer is coming from a personal wallet or a crypto exchange.

  • Personal wallets

    • If you're withdrawing crypto to your own wallet, you'll be required to enter your full name and residential address.

    • If you're receiving a crypto deposit from someone else’s wallet, you must provide the sender’s full name and residential address.

  • Crypto exchange accounts

    • If you're sending crypto to another exchange, you must select the relevant exchange and provide the recipient’s name as registered on that exchange.

    • If you're depositing crypto from another exchange into your OKX TR account, you must share your full name with the sender and indicate that your account is with OKX TR.

After completing your deposit/withdrawal transaction, you will see the statement "The total value of your locked assets in your account is xx.xx TRY" in the Assets section at the bottom of your app. To unlock your assets, click View Details and follow the steps below.

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  • Transaction thresholds and required information

    • For withdrawals and deposits below 15,000 ₺, the recipient’s (account holder’s) full name (or the business name if it is a legal entity) must be provided.

    • For deposits of 15,000 ₺ or more, the recipient’s full name and residential address (or business name and company address for legal entities) must be provided.

    • For withdrawals of 15,000 ₺ or more, only the recipient’s full name (or business name for legal entities) is required; address information is not needed.

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Disclaimer

This content is provided for informational purposes only and it is not intended to provide (i) investment advice or an investment recommendation; (ii) an offer or solicitation to buy, sell, or hold digital assets, or (iii) financial, accounting, legal, or tax advice. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. Information (including market data and statistical information, if any) appearing in this post is for general information purposes only. While all reasonable care has been taken in preparing this data and graphs, no responsibility or liability is accepted for any errors of fact or omission expressed herein. © 2025 OKX TR Kripto Varlık Alım Satım Platformu A.Ş.

This article may be reproduced or distributed in its entirety, or excerpts of 100 words or less of this article may be used, provided such use is non-commercial. Any reproduction or distribution of the entire article must also prominently state: “This article is © 2025 OKX TR Kripto Varlık Alım Satım Platformu A.Ş. and is used with permission.” Permitted excerpts must cite to the name of the article and include attribution, for example “Article Name, [author name if applicable], © 2025 OKX TR Kripto Varlık Alım Satım Platformu A.Ş.” No derivative works or other uses of this article are permitted.