Introduction
Withdrawing funds from OKX (formerly OKEx) can be done through two primary methods: chain withdrawals (external transfers) and internal transfers. This guide provides step-by-step instructions for both approaches, compares their pros/cons, and clarifies associated fees.
Method 1: Chain Withdrawal (External Transfer)
Overview
Transfer cryptocurrencies from OKX to external wallets/exchanges for conversion to fiat (e.g., TWD). Suitable for users needing to cash out via third-party platforms.
Step-by-Step Process (Mobile App)
Confirm Receiving Address
- Navigate to your target exchange (e.g., MAX, BitoPro).
- Select the coin (e.g., USDT) > [Receive] > Choose matching network (e.g., TRC20) > Copy address.
- Warning: Mismatched networks may result in lost funds.
Withdraw from OKX to External Exchange
- Open OKX App > [Assets] > [Withdraw] > [Digital Currency].
- Select USDT > Paste copied address > Enter amount > Submit.
Convert Crypto to Fiat
- Wait 5–10 minutes for blockchain confirmation.
- On the external exchange, sell USDT for TWD.
Fiat Withdrawal
- Select [TWD Withdrawal] > Choose method (bank transfer, etc.) > Enter amount > Complete verification.
Web Version Steps
- Follow similar steps via OKX’s website under [Asset Management] > [Withdrawal].
- Key difference: Paste addresses manually instead of scanning QR codes.
Method 2: Internal Transfer
Overview
Fast, fee-free transfers between OKX accounts. Limitation: Cannot withdraw outside OKX ecosystem.
Mobile App Instructions
- Go to [Assets] > [Withdraw] > [Digital Currency].
- Select USDT > [OKX Account] > Enter recipient’s UID/email/phone > Submit.
Web Instructions
- Access [Asset Management] > [Withdrawal] > [Internal Transfer].
- Input recipient details and amount.
Fee Comparison
| Network | Fee (USDT) |
|---|---|
| Tron (TRC20) | 1 USDT |
| Arbitrum One | 0.098 USDT |
Note: Internal transfers have zero fees.
Pros & Cons
| Method | Pros | Cons |
|---|---|---|
| Chain Withdrawal | Works with external platforms | Slower; network fees apply |
| Internal Transfer | Instant; no fees | Limited to OKX users |
FAQs
1. Which OKX withdrawal method is faster?
Internal transfers process instantly, while chain withdrawals depend on blockchain congestion (typically 5–10 minutes).
2. Can I withdraw to a bank account directly from OKX?
No. You must first transfer crypto to a supported exchange, convert to fiat, then withdraw to your bank.
3. Why is my withdrawal pending?
Chain withdrawals require blockchain confirmations. Check transaction status via the explorer link provided.
👉 Learn more about OKX’s low-fee trading
Key Takeaways
- Use internal transfers for speed and cost savings (OKX-to-OKX only).
- Opt for chain withdrawals to cash out via external exchanges.
- Always verify network compatibility to avoid lost funds.
Need help? 👉 Explore OKX’s support resources for real-time assistance.