Withdrawing cryptocurrency from your OKX account is a straightforward process, whether you're sending funds to an external wallet or transferring them instantly to another OKX user. This guide walks you through both available withdrawal methods—on-chain withdrawals and internal transfers—ensuring you can move your digital assets securely and efficiently using the OKX mobile app.
Understanding how to withdraw crypto properly is essential for managing your investments, accessing funds, or simply taking control of your digital wealth. With clear steps, security reminders, and practical tips, this article ensures you complete your transactions confidently.
👉 Learn how to securely transfer your crypto in minutes.
Understanding OKX Withdrawal Options
OKX offers two primary methods for withdrawing cryptocurrency:
- On-chain withdrawal: Transfer your crypto via blockchain to an external wallet or exchange.
- Internal transfer: Instantly send crypto to other verified OKX users with no network fees.
Each method serves different needs. On-chain withdrawals are ideal when you want full custody of your assets in a personal wallet or need to deposit on another platform. Internal transfers are perfect for quick, fee-free peer-to-peer transactions within the OKX ecosystem.
Let’s dive into how to initiate each type of withdrawal directly from the OKX app.
How to Start a Withdrawal on OKX
To begin any withdrawal:
- Open the OKX app.
- Navigate to Assets.
- Tap Withdraw.
This takes you to the withdrawal page where you can choose your preferred method based on your destination and purpose.
Method 1: On-Chain Withdrawal (To External Wallets or Exchanges)
An on-chain withdrawal sends your cryptocurrency over a blockchain network to an external address—such as a hardware wallet, software wallet, or another exchange. These transactions are public, irreversible, and subject to network fees.
Step-by-Step Process
Select Cryptocurrency
- Tap Withdraw Cryptocurrency, then choose the specific coin or token you wish to withdraw (e.g., BTC, ETH, USDT).
Choose Destination
- Under Select Destination, pick Exchanges or Wallets.
- Then, select your preferred Network (e.g., Bitcoin for BTC, ERC-20 for ETH-based tokens).
⚠️ Important: Always confirm that the network you select is compatible with the receiving wallet. Mismatched networks can result in permanent loss of funds.
Enter Withdrawal Details
Recipient Address: Input the destination wallet address.
- Tip: Enable the whitelist mode under security settings to restrict withdrawals only to pre-approved addresses—this significantly enhances account safety.
Withdrawal Amount: Enter the amount you'd like to send.
- Ensure it meets the minimum threshold for that asset and network.
- Your maximum allowable amount depends on your verification level and withdrawal limits set by OKX.
Withdrawal Account: Choose between Funding Account or Trading Account.
- If your funding balance is insufficient, the remaining amount will be pulled from your trading account automatically.
Network Fee: View the estimated fee before confirming.
- Fees vary by blockchain congestion and network type (e.g., high during peak Ethereum usage).
- You cannot adjust this fee—it's determined by the blockchain itself.
Complete Verification
- Confirm the details carefully.
- Complete two-factor authentication (2FA) via SMS, email, or authenticator app.
- Tap Confirm to submit the request.
Once confirmed, your transaction will be broadcasted to the blockchain. Processing times depend on network speed but typically range from a few minutes to several hours.
📌 Note: Some cryptocurrencies require additional fields:
- For XRP, you must enter a destination tag (a numeric identifier).
- For XLM (Stellar) or EOS, a memo may be required.
Always fill in both the address and tag/memo correctly—failure to do so may lead to lost funds.
👉 Discover how fast and secure crypto withdrawals can be.
Method 2: Internal Transfer (To Other OKX Users)
Internal transfers allow you to send crypto instantly and free of charge to other OKX users. Since these transactions occur off-chain within OKX’s system, they’re faster and cheaper than on-chain options.
This method is ideal for:
- Sending crypto to friends or family who also use OKX.
- Moving funds between your own subaccounts.
- Avoiding blockchain fees during high-congestion periods.
Step-by-Step Process
Select Cryptocurrency
- Tap Withdraw Cryptocurrency, then choose the asset you want to transfer.
Choose Destination
- Under Select Destination, pick OKX Recipients.
- Select your preferred network (this ensures compatibility even though it’s internal).
Enter Transfer Details
Recipient Information: Input one of the following:
- Phone number
- Email address
- Subaccount ID
- User ID
- The recipient must be a verified OKX user; unverified accounts cannot receive internal transfers.
Transfer Amount: Enter the amount.
- Must meet minimum requirements and stay within your verified limits.
Source Account: Choose whether funds come from your Funding Account or Trading Account.
- If needed, funds will auto-draw from both accounts as necessary.
Confirm & Send
- Review all details.
- Complete 2FA verification.
- Tap Confirm—your transfer completes instantly.
💡 Bonus Tip: If you change your mind within 60 seconds, you can cancel the transfer with no fees charged. Use this window wisely!
Frequently Asked Questions (FAQ)
Q: How long does an on-chain withdrawal take?
A: Most on-chain withdrawals are processed within minutes, but final confirmation depends on blockchain congestion. For example, BTC transactions may take 10–60 minutes, while ERC-20 tokens usually settle faster during low-traffic periods.
Q: Are there fees for internal transfers?
A: No. Internal transfers between OKX users are completely free—no network or service fees apply.
Q: Can I withdraw directly to a bank account?
A: Not directly through the crypto withdrawal feature. However, you can sell crypto for fiat via OKX Convert or P2P trading and then withdraw funds to your bank account separately.
Q: What happens if I send crypto to the wrong address?
A: Blockchain transactions are irreversible. If you send funds to an incorrect or incompatible address, recovery is unlikely. Always double-check addresses and network compatibility before confirming.
Q: Why is my withdrawal amount less than expected?
A: The difference is likely due to the network fee, which is deducted from the total amount sent. This fee compensates miners/validators on the blockchain and varies by network load.
Q: How can I increase my daily withdrawal limit?
A: Higher verification levels unlock increased limits. Complete Identity Verification (KYC) in your account settings to access higher tiers and greater flexibility.
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With clarity, security, and ease in mind, OKX makes it simple to manage your digital assets on your terms. Whether you're moving funds off-platform or sharing with others in the ecosystem, following best practices ensures every transaction goes smoothly.
👉 Start your secure crypto journey today—fast, easy withdrawals await.