Withdrawing USDT from OKX to your bank account is a straightforward process when you follow the right steps. This guide provides a detailed, step-by-step walkthrough to ensure a smooth transaction.
Step-by-Step Guide to Withdraw USDT from OKX
1. Log in to Your OKX Account
Ensure you have an active OKX account. If you don’t have one yet, sign up and complete the verification process.
2. Navigate to the Withdrawal Section
- Go to the "Assets" tab.
- Select "Withdraw" from the dropdown menu.
3. Select USDT as Your Withdrawal Currency
- Choose USDT (Tether) from the list of available cryptocurrencies.
- Ensure you select the correct network (e.g., ERC-20, TRC-20) to avoid transaction errors.
👉 Learn more about USDT networks
4. Enter Your Bank Account Details
Provide your bank account information, including:
- Account holder name (must match your OKX account name).
- Bank name and branch.
- Account number (or IBAN for international transfers).
5. Specify the Withdrawal Amount
- Enter the amount of USDT you wish to withdraw.
- Check the conversion rate and fees before proceeding.
6. Confirm the Transaction
- Review all details carefully.
- Click "Submit" to initiate the withdrawal.
7. Wait for Processing
- Withdrawals typically take 1-3 business days, depending on your bank.
- Monitor your OKX account and email for updates.
Transferring USDT from OKX to Binance
If you need to move USDT from OKX to Binance:
Withdraw USDT from OKX:
- Follow steps 1-6 above, but enter your Binance deposit address instead of bank details.
Deposit USDT into Binance:
- Log in to Binance.
- Navigate to "Deposit" and select USDT.
- Paste the OKX withdrawal address to receive funds.
👉 Explore Binance trading options
Selling USDT on OKX for Fiat or GCash
To convert USDT to fiat (e.g., USD, EUR) or GCash:
Sell USDT on OKX P2P Marketplace:
- Go to "P2P Trading".
- Select a buyer offering your preferred payment method (e.g., bank transfer, GCash).
- Complete the trade following the escrow process.
Withdraw Fiat to Bank/GCash:
- Once the buyer confirms payment, withdraw the fiat to your linked bank account or GCash wallet.
FAQs
1. How long does an OKX withdrawal take?
Withdrawals to bank accounts usually process within 1-3 business days. Crypto transfers (e.g., to Binance) are faster, often completing in minutes.
2. What are the withdrawal fees?
Fees vary by network (e.g., ERC-20 charges higher fees than TRC-20). Check OKX’s fee schedule before withdrawing.
3. Can I withdraw USDT without KYC?
No. OKX requires identity verification (KYC) for fiat withdrawals.
4. Why is my withdrawal pending?
Pending withdrawals may require manual review. Contact OKX support if delays exceed 24 hours.
5. How do I avoid withdrawal errors?
- Double-check addresses and network compatibility.
- Ensure sufficient funds cover fees.
- Verify your bank account details.
Key Takeaways
- Always verify network compatibility when withdrawing USDT.