how to withdraw money from okx wallet to bank account

Log in to your OKX account. Usually, on the main menu, look for an option like “Settings” or “Profile”. In some versions, you may find it by clicking on your profile picture or username in the top - right corner.

Navigate to the “Identity Verification” section. Here, you will be required to provide personal information such as your full name, date of birth, and residential address.

Upload clear scans or high - quality photos of your government - issued identification documents. This is typically a passport, driver's license, or national ID card. Make sure the information on the document is legible, and the photo on the ID matches your current appearance.

For some regions, additional verification steps may be involved, such as a video call for live identity verification or providing proof of address (like a recent utility bill or bank statement).

In the OKX wallet interface, find the “Payment Methods” or “Bank Accounts” section. This is usually located within the “Assets” or “Wallet” tab.

Click on “Add Bank Account”. Enter your bank account details accurately. This includes the account number, the name of the bank, and the bank's routing number (for some countries like the US). The account name should match the name on your OKX account exactly.

Some banks may require additional verification steps. OKX may send a small test deposit (usually a few cents) to your bank account. You will need to confirm the amount received in your OKX account to verify the bank account link.

OKX charges a fee for withdrawing funds to your bank account. The fee structure can vary depending on factors such as the currency you are withdrawing, the withdrawal method (e.g., wire transfer, ACH in the US), and the amount you are withdrawing.

To check the exact fee for your intended withdrawal, go to the “Withdrawal” section in your OKX wallet. Before entering the withdrawal amount, look for a section that details the fees. It may be presented as a fixed amount (e.g., $5 per withdrawal) or a percentage of the withdrawal amount (e.g., 0.5% of the total amount).

OKX has daily, weekly, and monthly withdrawal limits. These limits are in place for security and regulatory reasons.

The limits can also depend on your account verification level. For example, a basic - verified account may have a lower limit compared to a fully - verified account.

To view your current withdrawal limits, visit the “Account Limits” or “Withdrawal Limits” section in your OKX account settings. It will show you the maximum amount you can withdraw within a specific time frame.

Open your preferred web browser and go to the official OKX website (https://www.okx.com/). If you are using the mobile app, launch the OKX app on your smartphone.

Enter your registered email address or phone number and your password. If you have enabled two - factor authentication (2FA), enter the code generated by your 2FA device (such as Google Authenticator or an SMS code).

Once logged in, click on the “Assets” tab. This is usually located at the top of the page on the web version or in the main menu of the mobile app.

In the “Assets” section, look for an option like “Withdraw” or “Withdrawal”. Click on it to proceed to the withdrawal page.

On the withdrawal page, you will see a list of available currencies. Select the currency that you want to withdraw to your bank account. For example, if you want to withdraw US dollars, select “USD”.

Make sure the currency you choose is supported for bank account withdrawals. Some less - common cryptocurrencies may not have direct bank withdrawal options.

Below the currency selection, there will be a dropdown or a set of options for the withdrawal method. Select “Bank Account” from the list.

If you have previously linked multiple bank accounts, you may need to select the specific account to which you want to withdraw the funds.

In the designated field, enter the amount you wish to withdraw. Be careful to enter the correct amount, as some withdrawals may not be reversible.

Check the available balance of the selected currency in your OKX wallet to ensure you have sufficient funds for the withdrawal.

Some regions or banks may have minimum and maximum withdrawal amounts. OKX will usually display a warning or an error message if the amount you entered is outside the allowed range.

Before finalizing the withdrawal, carefully review all the details. This includes the withdrawal amount, the currency, the bank account details (make sure it's the correct account), and the estimated fees.

OKX may also display an estimated time for the funds to reach your bank account. This can vary depending on factors such as the bank's processing time and the withdrawal method.

Once you are satisfied with the details, click on the “Confirm Withdrawal” or “Submit” button.

Since withdrawing funds is a sensitive operation, OKX will require you to complete a security verification. This may involve entering your OKX account password again.

If you have enabled 2FA, you will need to enter the 2FA code. This adds an extra layer of security to prevent unauthorized withdrawals.

After submitting the withdrawal request, you can track its status. In the “Withdrawal” section of your OKX wallet, there will be a “Withdrawal History” or “Transaction Status” tab.

The status may show as “Pending” initially, which means OKX is processing your request. Once OKX has processed the withdrawal and sent the funds to your bank, the status may change to “Sent”.

It may take some time for the funds to actually appear in your bank account. This can range from a few hours to several business days, depending on your bank's processing speed and the payment network.

If you receive an error message stating that you have insufficient funds for the withdrawal, double - check your OKX wallet balance. Make sure you are looking at the correct currency balance.

If you are trying to withdraw cryptocurrency and convert it to fiat currency for bank transfer, ensure that the conversion rate and any associated fees are accounted for in your available balance.

If your identity verification or bank account verification is incomplete, you may not be able to withdraw funds. Log in to your OKX account and check the verification status in the relevant sections.

If there are issues with your uploaded identification documents, such as unclear images or incorrect information, OKX may reject the verification. You will need to re - upload the correct and clear documents.

For bank account verification, if the test deposit amount does not match or if there are issues with the bank account details, you may need to re - enter the details and wait for the verification to be re - processed.

If your withdrawal is rejected, OKX should provide a reason for the rejection. This could be due to security concerns, incorrect information, or regulatory issues.

Review the reason provided and take appropriate action. For example, if it's due to incorrect bank account details, correct the details and resubmit the withdrawal request.