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 available today, OKX (OKEX) is one of the popular and widely used platforms. So, how do you deposit and withdraw funds on OKX? Let's find out now!

How To Deposit And Withdraw Funds On Okx In 2024 Azc

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.”

Latest Guide on How to Deposit and Withdraw Funds on OKX in 2024
Step 2: 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 3: Choose the Coin You Want to Deposit
Step 3: Choose the Coin You Want to Deposit

Step 4: Select the Network for Depositing on OKX

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

Step 4: Select the Network for Depositing on OKX
Step 4: Select the Network for Depositing on OKX

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 5: Get the Wallet Address for Depositing
Step 5: Get the Wallet Address for Depositing

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:

Is There A Fee For Withdrawing Money From Okx
Is There A Fee For Withdrawing Money From 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 2: Select "Withdraw"
Step 2: 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 3: Choose the Coin You Want to Withdraw
Step 3: Choose the Coin You Want to Withdraw

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.

On Chain
On Chain

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.

Internal
Internal

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.”

P2p Trading
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!

3.6/5

(5 votes)
  1. Avatar of Cynthia
    Cynthia

    I can’t withdraw because my they’re requesting for an authenticator code which I didn’t enable why

    • Avatar of AZC.News
      AZC.News

      Contact OKX support bro

    • Avatar of Nathan
      Nathan

      Download Google authenticator on playstore

  2. Avatar of Cornelius izuchukwu onuorah
    Cornelius izuchukwu onuorah

    That’s good

  3. Avatar of Cornelius izuchukwu onuorah
    Cornelius izuchukwu onuorah

    That’s good I like okx

  4. Avatar of
    Anonymous

    Please how can I withdraw direct to my bank account?

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest

What Is A Cold Wallet Azc

Research | Editor Choice | research

What is a Cold Wallet? Top 3 Best Cold Wallets in the Crypto Market

Is a cold wallet an effective tool for storing cryptocurrencies? So, what is a cold wallet? What are some recommended types of hardware wallets to use? Let's find out together!

Azcnews Ctk Soars 100% In One Hour Ahead Of Major Update

News | Altcoin | Editor Choice

CTK Soars 100% in One Hour Ahead of Major Update

The price of the CTK token doubled within an hour ahead of the upcoming Shentu v2.10.0 update.

Azcnews A Major Uk Bank Officially Bans Cryptocurrency Transactions

News | Editor Choice | Policy & Regulations

A Major UK Bank Officially Bans Cryptocurrency Transactions

Starting May 30, the UK digital bank Kroo will prohibit its customers from conducting cryptocurrency transactions.

An Investor Becomes A Millionaire Thanks To Memecoin Shiba Inu

Altcoin | Editor Choice

An Investor Becomes a Millionaire Thanks to Memecoin Shiba Inu

An investor became a millionaire by holding Shiba Inu for 3 years, turning $2,700 into $1.2 million.

Azcnews Ethereum Approaches Ath As Fund Market Premium Peaks

News | Altcoin | Editor Choice

Ethereum Approaches ATH as Fund Market Premium Peaks

As Ethereum edges closer to its all-time high, the Fund Market Premium of ETH has reached its highest level since November 2021.