Introduction to OKX Exchange
OKX (formerly OKEX) is a globally recognized digital asset trading platform, trusted by millions of cryptocurrency investors. Founded with backing from prominent investors like Tim Draper—who also funded Tesla,百度, and Hotmail—the exchange has maintained its reputation for security and innovation since its 2014 launch.
Step-by-Step Guide to Selling and Withdrawing Crypto
1. Account Registration Process
- Visit OKX official website and click "Register"
- Complete email verification with 10-minute valid code
- Submit mobile verification (6-digit SMS code)
- Select country and accept terms of service
- Create strong password (8-32 chars with mixed case + symbols)
2. Identity Verification (KYC)
Navigate to:
Personal Center → Identity Verification → Complete:- LV.1 Basic Verification
- LV.2 Advanced Verification
- LV.3 Video Verification (requires mobile app)
👉 Why verification matters for better trading rates
3. Withdrawal Methods
A) Chain Withdrawal (External)
- Go to:
Assets Management → Withdraw → Select Coin (e.g., USDT) - Choose:
On-chain withdrawal → Select network (e.g., TRC20) Enter:
- Recipient wallet address
- Amount
- Network confirmation
⚠️ Critical Note: Match the withdrawal network exactly with recipient platform's deposit network (e.g., both must use TRC20), otherwise funds may be lost.
B) Internal Transfer (OKX to OKX)
- Select:
Internal transferoption Input:
- Recipient OKX account email/UID
- Transfer amount
Special Considerations
- Tag/Memo Requirement: Some coins like XRP require additional tag numbers
- Withdrawal Fees: Higher fees generally enable faster blockchain confirmations
Troubleshooting Failed Withdrawals
| Issue | Solution |
|---|---|
| Unconfirmed blockchain transaction | Wait for network confirmations |
| "Withdrawal Pending" status | System processing queue - wait patiently |
| Incorrect tag/memo | Contact recipient platform for correct tag |
| Wrong network selection | Verify matching networks between platforms |
👉 View current withdrawal fee rates
FAQ Section
Q1: How long do withdrawals take?
A: Standard processing takes 10-30 minutes, but depends on network congestion and selected fee tier.
Q2: Why is my withdrawal not showing in recipient wallet?
A: 92% of cases involve either network mismatch (e.g., sending via ERC20 to TRC20 address) or missing tag requirements. Always double-check with recipient platform.
Q3: Is there a daily withdrawal limit?
A: Yes, limits vary by verification level:
- LV.1: 50 BTC equivalent
- LV.2: 200 BTC
- LV.3: Unlimited
Q4: Can I cancel a withdrawal?
A: Only possible if status shows "Pending." Once broadcasted to blockchain, cancellation becomes impossible.
Key Takeaways
- Always verify wallet addresses twice before submitting withdrawals
- Cross-check network compatibility (TRC20 vs. ERC20 vs. other)
- For coins requiring tags, treat them as equally important as the wallet address
- Higher fees = faster confirmations during network congestion
By following this comprehensive guide, you can securely manage your cryptocurrency sales and withdrawals on OKX with confidence.