How to Deposit and Withdraw Funds on OKX in 2024

Depositing and withdrawing funds on exchanges is a crucial step that every investor needs to take to start trading. Among the numerous exchanges today, OKX (OKEX) is one of the popular and widely used platforms. So, how do you deposit and withdraw funds on OKX? Is it difficult and too complicated for new investors? In this article, AZC.News will guide you through the detailed steps to deposit and withdraw funds on the OKX exchange!

Are There Any Fees for Depositing on OKX?

Depositing funds on OKX is completely free for most popular payment methods.

• USDT ERC-20: Depositing USDT using the ERC-20 token from another cryptocurrency wallet to OKX is free.
• USDC ERC-20: Depositing USDC using the ERC-20 token from another cryptocurrency wallet to OKX is free.
• Various other cryptocurrencies: Depositing other cryptocurrencies such as Bitcoin, Ethereum, BNB, etc., is also free.

However, depositing via credit/debit card or some other payment channels may incur fees depending on the payment channel you choose.

Related: What is OKX Exchange? Latest Detailed Review of OKX Platform in 2024

How to Deposit Funds on OKX

Step 1: Log in to Your OKX Account

First, you need to log in to your OKX account.

Join OKX here

Step 2: Select “Deposit”

Once you are logged in to the homepage, select “Assets” in the top right corner, then select “Deposit.”

Step 3: Choose the Coin You Want to Deposit

After entering the Deposit page, choose the cryptocurrency you want to deposit on the exchange.

Step 4: Select the Network for Depositing on OKX

Next, select the blockchain network of the coin you need to deposit.

Step 5: Get the Wallet Address for Depositing

After selecting the network for the coin to be deposited, the next step is to copy the wallet address or scan the QR code of the wallet address provided by the exchange to proceed with the transaction.

Step 6: Transfer Funds to the Exchange

Finally, you need to transfer the correct coin and network to the exact wallet address displayed by the exchange. When transferring, make sure to:

• Verify the copied or scanned QR code address matches the wallet address displayed on the exchange.
• Select the correct coin and blockchain network (e.g., USDT-ERC20).
• Once the transfer to OKX is successful and the transaction is verified by the validators, wait a moment and check the balance in your OKX wallet.

Are There Any Fees for Withdrawing from OKX?

There are no fees for internal withdrawals or P2P method withdrawals. For blockchain network withdrawals, fees vary depending on different times.

Updated withdrawal fees for blockchain networks on OKX:

How to Withdraw Funds from OKX

Step 1: Log in to Your OKX Account

The first step is similar to depositing funds; you need to log in to your OKX account to perform the withdrawal on the OKX exchange.

Register for a OKX account here

Step 2: Select “Withdraw”

After logging in to the homepage, select “Assets” in the top right corner, then select “Withdraw.”

Step 3: Choose the Coin You Want to Withdraw

Next, you need to choose the cryptocurrency you want to withdraw and select the withdrawal method.

Note: For the withdrawal method, if you want to withdraw outside the exchange, select On-chain; if you want to transfer funds between OKX accounts, select Internal to avoid transfer fees.

Step 4: Perform the Withdrawal

In this step, we divide it into two categories: On-chain and Internal.

On-chain

You need to accurately fill in the wallet address to withdraw from the exchange, select the correct network for withdrawal, and select the exact amount to withdraw.

Note: You need to check the network fees to confirm that you accept the withdrawal fee.

Internal

If you select Internal, then you need to choose the recipient’s account information by phone number, email, or user ID of the OKX exchange.

After entering the recipient’s information, select the amount to transfer.

After confirming, wait for the exchange to process and transfer the funds to your wallet address. Withdrawal times on OKX are usually very fast and support withdrawals on many different networks.

How to Deposit Funds on OKX via P2P Trading

In addition to depositing through third parties, you can use the P2P trading service to buy the coins you want.

Step 1: Select P2P Trading

After logging in to your trading account, go to the “Buy Crypto” section and select “P2P Trading.”

Step 2: Buy Cryptocurrency

Next, choose “Buy/Sell.” Here, we will guide you on how to buy via P2P. You will follow similar steps when selling.

Step 3: Choose the Cryptocurrency You Want to Buy

Select the token you want to buy and enter the amount of tokens. Then, choose the appropriate payment method.

Step 4: Select Buy

Choose a merchant from the list you want to trade with and click Buy.

Finally, transfer the funds to the seller’s account and wait for them to unlock the tokens to complete your P2P transaction.

Conclusion about deposit and withdraw funds on OKX

In this article, AZC.News has guided you on how to deposit and withdraw funds on the OKX exchange. If you have any questions, feel free to leave a comment below so we can assist you. Wishing you successful trading experiences with the OKX exchange!