How to Withdraw Cash from Your OKX Account
Withdrawing cash from your OKX account is straightforward. The platform supports multiple local currencies and withdrawal methods tailored to your region. Follow these steps:
Mobile App Instructions
- Navigate to Portfolio > Withdraw.
- Choose Withdraw cash or your local currency option.
Web Browser Instructions
- Go to Assets > Withdraw.
- Select Cash or your local currency option.
Supported Currencies and Withdrawal Methods
To check available options:
- Visit the cash withdrawal section in your account.
- Supported currencies and region-specific methods will be listed.
Understanding Processing Fees
Processing fees cover transaction costs. OKX ensures transparency:
- Fees are displayed upfront (e.g., 3 USD flat fee or 1.5% + 1 USD).
- If no fee applies, it will state No fee.
Common Fee Structures:
- Flat Fees: Fixed amount (e.g., 3 USD for any withdrawal size).
- Percentage Fees: Calculated on withdrawal amount (e.g., 2% of 100 USD = 2 USD).
- Hybrid Fees: Percentage + flat fee (e.g., 1.5% + 1 USD on 200 USD = 4 USD).
๐ Learn more about fee calculations
Withdrawal Limits
Limits vary by method and verification level. Key types:
- Minimum Limit: Smallest allowed per transaction.
- Daily/Weekly/Monthly Limits: Max amount within 24 hours, 7 days, or 30 days.
- Processing Time: Ranges from instant to 5 business days.
FAQ Section
1. How can I check my remaining withdrawal limit?
- Select the information (i) icon next to your chosen method.
2. Are fees deducted from the withdrawn amount?
- Yes. Example: Withdrawing 10 USD with a 2 USD fee deposits 8 USD.
3. What if my withdrawal exceeds the limit?
- Verify your account for higher limits or split transactions.
4. Why do processing times vary?
- Depends on the method (e.g., bank transfers take longer).
๐ Explore cash withdrawal FAQs
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