What can I do if I trigger risk control?

Published on Sep 13, 2023Updated on Dec 19, 20243 min read646

When trading on OKX, the platform's anti-money laundering (AML) risk control system can be triggered due to certain suspicious operations, resulting in restrictions for the user from using certain functions.

During the risk control period, please ensure you stay reachable. Check if the email address you linked to your OKX account received an email from OKX. Provide the verification information from the email received. Once the review is complete and considered risk-free, we'll unfreeze your account within 1 to 3 working days.

1. What should I do if I trigger the platform's risk control?

When risk control is triggered, a customer support official will contact you via email and walk you through the process. Please ensure you stay reachable and check the email address linked to your OKX account for an email from OKX. Provide the required information according to the email received.

2. I've submitted the required materials. When can I expect an update?

After the OKX team receives your information, we'll review it within one hour. After completing the review, an email will immediately be sent to you. The OKX team will always contact you via email. Please wait and check your inbox from time to time for updates.

3. I need help providing some information requested in the email from OKX. What should I do?

If you can't provide some information, please specify why in the email. We'll email you with further instructions based on your response.

4. Why am I still asked to submit additional materials after my initial submission?

Our team may find subsequent issues when verifying your transaction and the submitted information. This requires additional clarification, so we need you to submit more materials.

5. How will I be notified once the restrictions have been removed?

We'll send you an email once the restriction is lifted. Refresh your inbox from time to time for updates.

6. Why can I only reach out via email?

Risk control related issues for your account must be handled professionally by the risk control team. Therefore, please reply to the email to directly consult our team. One of our specialists will reach out to you promptly. We appreciate your patience.

7. Which transactions and functions will be restricted when I'm under risk control?

During risk control, your account will be restricted from selling crypto, withdrawals, and some spot and contract transactions. However, you may still carry out BTC and ETH spot, and contract transactions. Additionally, the liquidation and reduction functions of your positions will still be supported. Thank you for your understanding and cooperation while we review your account.

8. What can I do to avoid triggering risk control?

OKX has strict and comprehensive risk control standards. Therefore, all users must abide by the platform's relevant rules on fiat transactions to avoid triggering risk control. When trading on OKX, please avoid high-risk transactions, such as buying crypto on behalf of others, withdrawals for gambling purposes, off-site transactions, or assisting suspicious individuals online to launder money and score points.

Disclaimer
This content is provided for informational purposes only and may cover products that are not available in your region. 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. Both OKX Web3 Wallet and OKX NFT Marketplace are subject to separate terms of service at www.okx.com.

© 2024 OKX. 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 © 2024 OKX 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], © 2024 OKX.” No derivative works or other uses of this article are permitted.