You can easily withdraw Singapore Dollars (SGD) from your OKX account to your local bank. Currently, this service is exclusively available to OKX customers in Singapore.
Step-by-Step Guide to SGD Withdrawal
Via Web Browser
- Log in to your OKX account at okx.com, navigate to Assets, and select Withdraw.
- Choose Singapore Dollar (SGD) to initiate the withdrawal process.
- Select your verified bank account, enter the withdrawal amount, and click Preview Withdrawal.
- Authenticate the transaction using your authorization or SMS code, then confirm by selecting Withdraw.
👉 Learn more about secure withdrawals
Via Mobile App
- Open the OKX app, go to Assets > Withdraw > Withdraw SGD.
- Only pre-verified bank accounts are eligible for withdrawals. Unverified accounts (displayed in light grey) require verification first.
- The minimum withdrawal amount is 10 SGD. Review details on the preview page and tap Withdraw.
- Enter your authorization/SMS code and confirm the transaction.
Important Notes:
- Withdrawals are only permitted to bank accounts used for prior successful deposits.
- For PayLah! or Singtel Dash deposits, withdrawals are linked to the registered mobile number. Ensure this number is up to date to avoid errors.
- GrabPay, Wise, and LifeSG wallets cannot receive withdrawals.
- FAST transfers are processed instantly in Singapore.
Account Ownership Verification for First-Time Withdrawals
To comply with regulations, first-time withdrawals require proof of account ownership. Verify your account by depositing funds into OKX from the same bank account.
Web: Navigate to the withdrawal page for verification prompts.
App: Follow in-app instructions during the withdrawal process.
Frequently Asked Questions (FAQs)
1. Why is the "Withdraw SGD" option missing?
This feature is region-locked due to local laws. If unavailable, your account may not be eligible in your current location.
2. Can I withdraw funds during bank account verification?
No. Withdrawals are only possible after successful verification.
3. How do I confirm my bank account is verified?
After your first deposit is processed, the linked account is automatically verified.
4. Where can I view past withdrawals?
Check your Withdrawal History on the withdrawal page (web) or Transaction History in the app’s portfolio section.
👉 Explore OKX’s withdrawal policies
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