How to create a sub-account on OKX?

What is a Sub-account on OKX?

A sub-account on OKX is a feature that allows users to create additional accounts under their main account. This functionality is particularly useful for managing different trading strategies, separating personal and institutional funds, or delegating access to team members without sharing the primary account credentials. Each sub-account operates independently with its own API keys, permissions, and trading history, while still being linked to the main account's wallet balance.

Why Use a Sub-account?

Using a sub-account can offer several advantages. For instance, traders who manage multiple portfolios can keep them organized within a single main account. Institutional investors may use sub-accounts to assign specific roles to team members such as analysts, traders, or risk managers. Additionally, sub-accounts are ideal for those who want to grant limited access to third-party services like automated trading bots or portfolio management tools without compromising the security of the main account.

How to Create a Sub-account on OKX

To create a sub-account, you must first log in to your OKX account. Once logged in:

• Navigate to the Account Center by clicking on your profile icon located at the top right corner of the screen.
• From the drop-down menu, select Sub-account Management.
• Click on the Create Sub-account button.
• Enter a unique name for your sub-account. It’s important to choose a descriptive name that reflects the purpose of the sub-account.
• Click Confirm to complete the creation process.

You will now see the newly created sub-account listed under your Sub-account Management section.

Configuring Permissions for a Sub-account

After creating a sub-account, the next step is to configure its permissions. By default, new sub-accounts have no permissions assigned. To customize access:

• Go back to the Sub-account Management page.
• Locate the sub-account you just created and click on Edit Permissions.
• You’ll be presented with a list of available functions such as Spot Trading, Futures Trading, Margin Trading, Withdrawals, and more.
• Check the boxes corresponding to the actions you want the sub-account to perform.
• If you're granting withdrawal permissions, ensure you understand the risks involved.
• After selecting the desired permissions, click Save to apply the changes.

It's crucial to tailor these settings based on the intended use of the sub-account to maintain control and security.

Generating API Keys for a Sub-account

To interact with external platforms or set up trading bots, you'll need to generate API keys for your sub-account. Here's how:

• Log in to your main OKX account and go to the Sub-account Management section.
• Select the sub-account for which you want to generate an API key.
• Click on API Key Management.
• Click the Create API Key button.
• Choose the appropriate permissions for this API key—such as Read-only, Spot Trading, or Futures Trading.
• Enable IP binding if you want to restrict API access to specific IP addresses.
• Confirm your action using your login password and Google Authenticator code.
• Your API key and secret will be displayed. Make sure to save them securely as they won't be shown again.

These API keys allow the sub-account to interface with third-party services or execute trades via APIs without exposing the main account's credentials.

Managing Multiple Sub-accounts

As you grow more comfortable with the system, you might find yourself managing multiple sub-accounts. Fortunately, OKX provides a streamlined way to oversee all your sub-accounts from one place. The Sub-account Management dashboard displays each sub-account's status, permissions, and recent activity. You can also switch between sub-accounts quickly when accessing different dashboards or reviewing performance metrics. This centralized management helps ensure that you stay organized and in full control of all associated accounts.

Frequently Asked Questions (FAQ)

Q: Can I transfer funds directly between sub-accounts?A: Yes, OKX allows fund transfers between sub-accounts under the same main account. You can initiate these transfers from the Funds Transfer section within the Wallet tab.

Q: Is there a limit to the number of sub-accounts I can create?A: OKX typically allows up to 100 sub-accounts per main account, but this may vary depending on your user level or verification status.

Q: Can a sub-account have its own verification level?A: No, sub-accounts inherit the KYC/verification status of the main account. All transactions conducted through a sub-account are subject to the main account’s verification tier.

Q: What happens if I delete a sub-account?A: Deleting a sub-account removes it permanently along with its API keys and trading history. However, any funds held in the sub-account remain accessible via the main account.