How to Fund Your OSL Account: FPS & Bank Transfer (HKD/USD) Guide

Introduction

Welcome to OSL. To embark on your digital asset trading journey, the first step is to fund your account. As a strictly regulated and licensed digital asset trading platform, OSL supports secure deposits in a variety of major fiat currencies (such as HKD, USD, EUR, GBP).

This guide will walk you through the various deposit methods, helping you choose the most suitable channel while ensuring full compliance with regulatory requirements.

🛑 Step 1: Essential Prerequisites Before Depositing

Before initiating a transfer, please ensure you have completed the following two prerequisites, which will significantly increase the success rate of your deposit:

• Complete Identity Verification (KYC): Your OSL account must be fully verified.

• Prepare a Same-Name Bank Account: To comply with Anti-Money Laundering (AML) regulations, OSL only accepts transfers from bank accounts registered under the exact same name as your OSL account. Please absolutely avoid using joint accounts, corporate accounts (unless you are an institutional client), or accounts belonging to family or friends.

🇭🇰 Step 2: Comprehensive Guide to Hong Kong Dollar (HKD) Deposits

For users in Hong Kong, we offer three convenient HKD deposit channels. You can use the information below to quickly choose the method that best suits your needs

📱Step-by-Step Instructions

1. Log in to the OSL platform, navigate to the Home or Assets page, and click Deposit.

2. Select the fiat currency HKD.

3. Choose your preferred transfer method (FPS or eDDA is highly recommended).

4. Obtain Payee Details: The system will display OSL's designated receiving bank account or FPS Proxy ID.

5. Execute the Transfer: Open your personal online banking app and enter the amount and payee information provided by the system.

Step 3: US Dollar (USD) and Other Fiat Currency Deposits

If you wish to deposit US Dollars (USD), Euros (EUR), or British Pounds (GBP), this is currently done primarily via Wire Transfer.

Instructions:

1. Navigate to the Home/Assets page, click Deposit, and select the currency you wish to deposit (e.g., USD).

2. The system will generate OSL's overseas bank receiving details (including SWIFT Code, Bank Name, Account Number, etc.).

3. Proceed to your online banking portal or visit a bank branch to initiate an international wire transfer.

Processing Time: International wire transfers typically take 1 to 3 business days (depending on the processing speed of the remitting and intermediary banks).

Crucial Compliance & Troubleshooting Tips for Beginners

To ensure your funds are secure and processed without delay, please strictly adhere to the following "Three Don'ts":

• No Third-Party Transfers: Any deposits made under a name other than yours (including a spouse, parent, or friend) will be rejected and returned by the system. The refund process may incur additional bank fees.

• No Cash Deposits: Please do not deposit cash directly at a bank counter or use an ATM cash deposit machine.

• Don't Forget the Reference Code: When making bank transfers (other than FPS/eDDA), omitting the Reference Code is the most common reason for delayed deposits.

Frequently Asked Questions (FAQ)

Q: Does OSL charge a deposit fee?

A: OSL does not charge any fees for your fiat currency deposits. However, please note that your remitting bank or intermediary bank may charge interbank transfer or wire transfer fees.

Q: The funds have left my bank, why aren't they showing in my OSL account yet?

A: If you used FPS or eDDA, funds typically arrive within minutes. For local bank transfers or wire transfers, please allow 1-3 business days. If the funds have not arrived after this timeframe, please have your bank transfer receipt (proof of payment) ready and contact our 24/7 customer support team for assistance.

Q: Can I bind multiple bank accounts?

A: Yes, as long as the account holder's name on all these bank accounts exactly matches your KYC-verified name on OSL.

Next Step: Execute Your First Trade!

Once the funds are successfully deposited and appear in your Available Assets, you are ready to go!

Click here: Execute Your First Crypto Trade

Start your safe cryptocurrency journey now

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