OKX (formerly OKEx) is a globally renowned digital asset exchange platform trusted by millions of investors. Founded in 2014 with early backing from prominent investor Tim Draper, OKX prioritizes security and user-friendly services.
Selling Crypto on OKX: Detailed Steps
Withdrawing crypto from OKX involves transferring assets to external wallets or other exchanges. Follow this straightforward process:
Step 1: Access Withdrawal Page
- Log in to your OKX account.
- Navigate to Asset Management → Withdraw.
Step 2: Select Currency & Withdrawal Method
- Choose the crypto (e.g., BTC).
- Select either Blockchain Transfer (external) or Internal Transfer (OKX-to-OKX).
Step 3: Enter Withdrawal Details
- External Transfer: Input the recipient wallet address and amount.
- Internal Transfer: Select the recipient platform (e.g., OKX) and enter their registered account details.
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Key Notes:
- Internal Transfers: Instant, fee-free.
- Blockchain Transfers: Require network fees (paid to miners); higher fees speed up confirmations.
Troubleshooting Failed Withdrawals
If your withdrawal isn’t credited, consider these common issues:
Pending Blockchain Confirmations
- Wait for network confirmations; delays vary by congestion.
Incorrect Memo/Tag
- For XRP, XLM, etc., ensure the memo matches the recipient platform’s requirements.
Wrong Network Selection
- Example: Sending ERC-20 ETH to a BSC address will lose funds. Always double-check chains.
Platform Processing Delays
- Large volumes may slow processing. Contact support if delays exceed 24 hours.
FAQs
How long do OKX withdrawals take?
- Internal: Immediate.
- External: 10–30 minutes (subject to network conditions).
Are there withdrawal limits?
- Limits vary by verification level. Check Account Settings for details.
Why was my withdrawal canceled?
- Security holds or incomplete KYC may trigger cancellations. Verify your account status.
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Final Tips
- Always test small amounts first.
- Enable 2FA for added security.
- Bookmark OKX’s official site to avoid phishing scams.