Withdrawing funds is the process of transferring assets from your exchange account to external wallets or other platform accounts.
Step-by-Step Withdrawal Process
1. Standard Withdrawal Method
- Open the OKX app and transfer coins to your funding account
- Click the "Assets" button at bottom right
- Navigate to funding account → select "Withdraw"
- Choose "Standard Withdrawal" and select cryptocurrency (e.g., BTC)
- Paste the recipient wallet address
- Enter amount and confirm transaction
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2. Internal Transfers (OKX-to-OKX)
- Available for transfers between OKX accounts or partner exchanges
- Select "Internal Transfer" instead of standard withdrawal
- Choose destination platform (OKX or partner exchange)
- Enter recipient username and amount
- Benefits: Instant settlement with zero fees
Critical Withdrawal Considerations
| Factor | Details |
|---|---|
| Coin Verification | Confirm both platforms use identical coin types (e.g., mainnet vs ERC-20 tokens) |
| Network Fees | Blockchain miners charge variable fees (e.g., 0.0004-0.01 BTC per Bitcoin withdrawal) |
| Chain Selection | Required only for USDT (OMNI/ERC20/TRC20) - must match recipient's chain type |
| Memo Tags | Essential for certain coins (XRP, EOS, etc.) - prevents lost funds |
Withdrawal Status Explained
- Pending: Request submitted, awaiting processing
- Manual Review: Some withdrawals require phone verification
- Processing: Assets being transferred on blockchain
- Completed: Funds successfully withdrawn (verifiable via transaction hash)
FAQ Section
Q: How long do withdrawals take?
A: Processing times vary by cryptocurrency - typically 5-30 minutes for standard withdrawals, instant for internal transfers.
Q: Why was my withdrawal cancelled?
A: Common reasons include insufficient funds, incorrect address format, or security holds.
Q: Are there withdrawal limits?
A: Yes, limits vary by verification level. Higher tiers enable larger withdrawals.
Q: Can I cancel a pending withdrawal?
A: Only possible while status shows "Pending." Processing withdrawals cannot be reversed.
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Q: What's the difference between network types for USDT?
A: ERC-20 (Ethereum), TRC-20 (Tron), and OMNI (Bitcoin) have different speeds/fees - always use recipient's specified chain.
Q: How do I check past withdrawals?
A: Navigate to "Withdrawal History" on OKX desktop interface for complete records.