Understanding Cryptocurrency Withdrawals
Withdrawal ("提幣") refers to transferring coins from your OKX account to another exchange or wallet via "on-chain withdrawal" or "internal transfer". This guide explains the differences between these methods and helps users securely withdraw cryptocurrency based on their needs.
👉 Learn about stablecoins vs altcoins
Method 1: On-Chain Withdrawal
- Open OKX App > Tap "Assets" > Select "Withdraw"
Choose coin (e.g., OKB) and confirm:
- Withdrawal network
- Recipient address
- Amount
- Network fee
Critical Note: The selected network must match the deposit network of the receiving platform to prevent asset loss.
Key Considerations:
- Minimum amounts apply (varies by coin)
- Fees go to blockchain miners (not OKX) - higher fees enable faster processing
- Some coins require Memo/Tag (e.g., XRP) - both address and tag must be correct
Method 2: Internal Transfer (Zero Fees)
For transfers between OKX users only:
- Select coin
Enter recipient's:
- UID or
- Phone/Email or
- Sub-account
- Confirm amount
👉 Complete OKX withdrawal guide
Security Checklist Before Withdrawing
- Confirm coin compatibility between platforms
- Verify blockchain (e.g., USDT-ERC20 vs USDT-TRC20)
- Check minimum limits shown on withdrawal page
Review statuses:
- Pending (queued)
- Manual Review (may require phone verification)
- Processing (irreversible)
- Completed (check blockchain explorer)
FAQ
Q: Why is my withdrawal delayed?
A: Network congestion or manual review processes may cause delays. Higher fees can prioritize transactions.
Q: Can I cancel a withdrawal?
A: Only during "Pending" status. Once "Processing" begins, it cannot be stopped.
Q: How long do internal transfers take?
A: Typically instant, as they don't require blockchain confirmation.
Q: What if I send coins to the wrong network?
A: Recovery is often impossible. Always double-check addresses and networks.
Q: Are withdrawal limits different for verified accounts?
A: Yes, KYC levels determine 24-hour withdrawal ceilings (shared for both methods).
Q: Why does Memo/Tag matter?
A: Exchanges use these to credit funds to specific accounts - missing tags may result in lost assets.