How to Withdraw Money from OKX and Binance Savings Accounts

Step-by-Step Guide to Withdrawing Funds

Withdrawing from Binance

1. Navigate to the Funds section in the app
2. Click on Savings at the top
3. Select either By Asset or By Product view
4. Locate your USDT holdings and click on the specific product
5. Disable "Auto-Subscribe" if active (optional)
6. Click Redeem, select Max Amount
7. Choose destination: Funding Account or Spot Account
8. Confirm the transaction

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Withdrawing from OKX

1. Go to the Assets tab
2. Select Earn Account
3. Choose By Product view
4. Find your USDT in "Simple Earn" products
5. Click Redeem and select All
6. Select destination account
7. Confirm the redemption

Interest Rate Comparison

Key advantages of OKX:

• Real-time interest distribution
• Higher base rates
• More generous bonus structure

Transferring Funds Between Exchanges

1. OKX Deposit Setup:

   • Select Deposit → Digital Currency
   • Choose USDT and TRC-20 network
   • Copy deposit address

2. Binance Withdrawal:

   • Select Withdraw → Blockchain Transfer
   • Paste OKX address
   • Confirm TRC-20 network
   • Pay 1 USDT network fee

3. Confirmation:

   • Processing typically completes in minutes
   • Check OKX assets page for status

👉 Maximize your crypto earnings with OKX

Understanding Simple Earn Products

OKX's Simple Earn works as a lending platform where:

• Your USDT earns interest when borrowed by others

• OKX manages all risk through:

  • Collateral requirements
  • Automatic liquidation triggers
  • Capital protection mechanisms

No-risk features include:

• Real-time interest accrual
• Flexible redemptions
• Platform-backed security

FAQ Section

How long do withdrawals take?

Processing is typically instant, though blockchain confirmations may take 2-5 minutes.

Why can't I transfer directly between savings accounts?

Exchanges maintain separate accounting systems for security. Funds must first return to main accounts.

Is there any withdrawal limit?

Most platforms impose daily limits (often $50K-$500K equivalent). Check your account verification level.

Which network should I use for transfers?

TRC-20 (Tron) offers the lowest fees (1 USDT), while ERC-20 (Ethereum) provides higher security at greater cost.

Can I automate withdrawals?

Most platforms require manual redemption requests for savings products to maintain interest accrual.

What happens if I leave funds in savings?

They'll continue earning interest until you manually redeem them. Some products have maturity dates.

Final Recommendations

For optimal yield management:

1. Maintain liquid positions in OKX for higher returns
2. Use Binance for additional diversification
3. Always verify network matches during transfers
4. Take advantage of new-user bonuses

Remember: Crypto savings products involve different mechanisms than traditional banks. Always understand the specific terms before depositing funds.