How long does it take to receive money when buying coins in Dubai OKX

When purchasing coins on OKX in Dubai, you can expect to receive funds instantly for credit/debit card payments, while bank transfers may take 1-3 business days.

Oct 22, 2024 at 04:48 pm

How Long Does it Take to Receive Money When Buying Coins on OKX in Dubai?

Initiate Transaction:
Place your buy order on the OKX exchange.
Payment and Verification:
Choose your preferred payment method and complete the transaction. OKX usually verifies payments within minutes.
Order Matching:
Once your payment is verified, OKX will match it with a seller's offer. This process typically takes a few seconds to minutes.
Bank Transfer:
If you chose bank transfer as your payment option, it may take an additional 1-3 business days for the money to be deposited into your OKX account.
Receipt of Funds:
Upon successful order matching, your purchased coins will be credited to your OKX account instantly.

Factors Influencing Timeframe:

Payment method: Bank transfer payments can take longer than other methods like credit card or debit card.
Time of day: Transactions processed during peak hours may experience longer wait times.
Network conditions: The speed of blockchain transactions can vary depending on network congestion.
Bank processing times: The time it takes for your bank to process the payment can also affect the overall timeframe.

Estimated Delivery Time Range:

Credit/Debit Card: Instant - Within minutes
Bank Transfer: 1-3 business days
Other Payment Methods: Payment-specific processing times (usually a few minutes)

Remember:

OKX typically processes transactions quickly, but external factors can affect the delivery time.
You can check the status of your transaction in the OKX order history.
If you experience significant delays, contact OKX customer support for assistance.

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