You can easily withdraw money from your OKX account using our cash withdrawal feature. We offer a variety of local currencies and withdrawal methods depending on your region. Log in to your OKX account to see what options are available to you. Here’s how to access the cash withdrawal feature once you’ve logged in to your OKX account via the mobile app or website:
Using the Mobile App
- Go to Wallet and select Withdraw.
- Choose Cash Withdrawal or the local currency option.
👉 Explore seamless cash withdrawals on OKX
Using the Web Version
- Navigate to Assets and select Withdraw.
- Click Cash or the local currency option.
How to View Supported Currencies and Withdrawal Methods
To check available currencies and withdrawal methods:
1. Go to the Cash Withdrawal section in your account.
2. All supported currencies and withdrawal options for your region will be listed.
Understanding Processing Fees
Processing fees cover the cost of handling financial transactions, and we strive to keep them low.
- If a fee applies, the exact amount will be clearly displayed.
- Otherwise, you’ll see No Fees indicated.
Fees are always visible when selecting a withdrawal method.
Types of Fees
1. Fixed Fee
A set amount charged regardless of withdrawal size.
Example: A $3 USD fee means you pay $3 whether withdrawing $10 or $1,000.
2. Percentage Fee
A fee calculated as a percentage of the withdrawal amount.
Example: A 2% fee on a $100 withdrawal = $2; on $500, it’s $10.
3. Percentage + Fixed Fee
A combination of both fee types.
Example:
– 1.5% + $1 USD fee
– Withdrawing $200:
– 1.5% of $200 = $3
– + $1 fixed fee
– Total fee = $4
👉 Learn how to minimize withdrawal fees
Fees are deducted from the withdrawal amount, and the final amount is shown on the Preview screen before submission.
Example: Withdrawing $10 with a $2 fee means $8 is deposited to your bank.
Withdrawal Limits
Withdrawal limits define the minimum and maximum amounts you can withdraw per transaction or within a set period (daily, weekly, monthly). These limits protect your account and ensure regulatory compliance. Limits vary based on:
- Chosen withdrawal method
- Your account verification level
To check limits:
1. Select a withdrawal method.
2. View the remaining limit for that method.
3. Click the Info (i) icon for details.
Types of Limits
| Limit Type | Description |
|---|---|
| Minimum Withdrawal | Smallest allowable amount per transaction. |
| Daily Limit | Maximum amount withdrawable in 24 hours (resets dynamically). |
| Weekly Limit | Maximum amount withdrawable over 7 consecutive days (resets dynamically). |
| Monthly Limit | Maximum amount withdrawable in 30 days (resets dynamically). |
| Withdrawal Count Limit | Maximum number of withdrawals allowed within a timeframe. |
Processing Time
Processing time is the estimated duration for funds to reach your bank account. While many withdrawals are instant, some may take up to 5 business days, depending on the method.
Processing times are displayed when selecting a withdrawal method.
FAQ
Q1: Are there fees for cash withdrawals?
A: Fees depend on the method. Some options are fee-free, while others charge fixed or percentage-based fees.
Q2: How can I increase my withdrawal limits?
A: Complete higher-tier identity verification to access larger limits.
Q3: Why is my withdrawal pending?
A: Some methods require manual review, which may delay processing.
Q4: Can I cancel a withdrawal?
A: Only if the status is “Pending.” Once processed, cancellations aren’t possible.
Q5: Are there restrictions on withdrawal destinations?
A: Yes, certain banks or regions may have limitations. Check the withdrawal page for details.
For further guidance, see OKX’s official resources on deposits and withdrawals.
👉 Master OKX cash withdrawals like a pro
Note: All features and limits are subject to change based on regional regulations and OKX policies. Always verify details in your account.