How to Withdraw from OKX to Bank (Cash Out Crypto)

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Want to cash out your crypto and send it to your bank account? It’s super easy with OKX! Here’s a step-by-step guide on how to sell your crypto and withdraw the funds to your bank account.

Step 1: Log In to Your OKX Account

head over to the OKX website or open the OKX app, then log in with your account details.

Step 2: Sell Your Crypto

Before you can withdraw money to your bank, you need to sell your crypto for fiat currency (like USD, EUR, etc.).

  1. On the OKX homepage, go to the “Trade” section.
  2. Choose the Spot Trading option.
  3. Select the crypto you want to sell (e.g., Bitcoin, Ethereum) and the fiat currency you want to receive (e.g., USD, EUR).
  4. Enter the amount of crypto you want to sell and click Sell.

Step 3: Go to the Withdrawal Section

Once your crypto is sold for fiat, you’re ready to withdraw:

  1. In the OKX dashboard, click on Assets.
  2. Choose Fiat from the available options.
  3. Click Withdraw next to the fiat currency you want to withdraw (e.g., USD or EUR).

Step 4: Add Your Bank Account Details

If you haven’t already linked your bank account to OKX, follow these steps to add it:

  1. Enter your bank account details (name, bank name, account number, etc.).
  2. Choose your preferred withdrawal method (bank transfer, SEPA, etc.).
  3. Click Save to link your bank account.

Step 5: Withdraw Funds

  1. Enter the amount you want to withdraw.
  2. Double-check your bank details and ensure everything is correct.
  3. Click Withdraw to process your request.

Step 6: Wait for the Transfer to Complete

Withdrawals can take some time depending on the method you selected. Bank transfers typically take 1–3 business days to complete, depending on your bank’s processing times.

Tips for a Smooth Withdrawal

  • Banking Fees: Be aware of any withdrawal fees your bank may charge.
  • Verify Your Identity: OKX may ask you to verify your identity before processing large withdrawals, so make sure your account is fully verified.
  • Check Withdrawal Limits: There might be limits on how much you can withdraw per day, so check these limits in the OKX withdrawal section.

And that’s it! Now you know how to sell your crypto and withdraw it to your bank account via OKX. Enjoy your fiat!