Step-by-Step Process to Withdraw Money from OKX
Follow these detailed steps to withdraw funds from OKX securely and efficiently:
- Log in to your OKX account.
Access the platform via the official website or mobile app. Ensure you use secure credentials and enable two-factor authentication (2FA) if not already active. - Navigate to the "Funds" or "Assets" section.
Locate the option to manage your assets in the main menu, typically found in the top or bottom navigation bar (web or app). - Select "Withdraw."
Within the asset management menu, click the withdrawal option to proceed. Choose withdrawal type: cryptocurrency or fiat.
- For crypto withdrawals: Select the cryptocurrency, enter the destination wallet address, and confirm compatibility with the chosen blockchain network.
- For fiat withdrawals: Pick the currency (e.g., EUR/USD) and withdrawal method (bank transfer or supported payment providers).
Enter withdrawal details.
- Crypto: Specify the amount, select the correct blockchain network, and review fees.
- Fiat: Provide required payment details (e.g., bank account number or payment provider information).
- Verify the withdrawal.
Double-check all entered details. OKX will require additional authentication (email/SMS code + 2FA). Confirm and wait.
After confirmation, withdrawals undergo OKX’s review process. Processing times vary:- Crypto: Usually fast, depending on network congestion.
- Fiat: Takes 1–3 business days (varies by method and bank).
Potential Costs When Withdrawing from OKX
| Withdrawal Type | Cost Details |
|---|---|
| Cryptocurrencies | – Network fee: Varies by blockchain (e.g., Bitcoin: ~0.0005 BTC; Ethereum: network-dependent). – Minimum withdrawal: Some assets have set minimums. |
| Fiat (EUR/USD) | – Bank transfer: 1–3% fee (SEPA/SWIFT-dependent). – Payment providers (e.g., PayPal): 0.5%–2% fee. |
| Hidden Costs | – Currency conversion: Small margin applied if converting crypto to fiat before withdrawal. |
FAQ Section
How long do OKX withdrawals take?
- Crypto: Minutes to hours (network-dependent).
- Fiat: 1–3 business days.
Are there withdrawal limits on OKX?
Yes. Limits vary by account verification level and asset. Check OKX’s official policies for specifics.
Can I cancel a withdrawal?
Only if the transaction is pending. Once processed, cancellations are irreversible.
👉 Explore top centralized exchanges by trading volume
👉 Learn how to buy Bitcoin securely