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How to Withdraw Money from Okex: Step by Step

Welcome to this post, where we are going to see how you can withdraw your money from okex to your bank account step by step.

For this, I am going to use two platforms, binance and okex. If you don’t have an account with any of these platforms, in the description you will find the links to create your account and follow the steps.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

We are going to use binance to withdraw the cryptocurrencies to our bank account, since okex does not have this option yet, only to withdraw to yuan, and for europe or latin america it does not work. So first, we must send our cryptocurrencies from okex to binance, and then withdraw them from binance to our bank account.

My recommendation is to use usdt or tether, although you can use any cryptocurrency. In my case and in this example, we will use USDT to withdraw them to our account. The first step is to transfer the cryptocurrencies to usdt with the amount you want to withdraw.

From Okex to Binance

With the usdt in the account, go to the main account, and if you have them in the trading account, go to withdraw. Here, we will be asked to use double factor if we do not have it activated, so you must configure your mobile with SMS to add more security to the withdrawals from your okex account, and add a password for withdrawals. In my case I already have it activated. In withdraw we will indicate the cryptocurrency we want to withdraw, in this case USDT. Here we will select On-chain, and the tron network, trc-20, as it is the cheapest and fastest to use.

Click continue.

In adress or wallet address, we will have to copy the binance tether address. To do this, we will go to wallet, spot wallet, and search for USDT. Here, click on deposit, and check the tron-trc-20 network. Now copy the address, and paste it into okex. Now it only remains to indicate the amount we want to withdraw and check all the data. As you can see, the commission is 1 dollar. Just click continue, enter the password we have set up earlier for withdrawals and the verification code from your email, and you have already withdrawn the funds to binance. Remember to indicate the tron network, trc-20 in both okex and binance when you copy the address to avoid errors.

The operation is the same if you want to withdraw funds to your metamask or trustwallet wallet, but always make sure to indicate the correct network to avoid problems and loss of your tokens.

After a few minutes, the USDT should appear in our binance balance.

With the usdt in our binance account, the next step is to exchange them for your currency, in my case euros. To do this, we will go to markets, fiat markets and look for the euro/usdt pair or your currency. Here, we will go to buy, and exchange the usdt for euros or the currency you want. Indicate the amount you want to withdraw, and click on buy eur.

Now we go back to the main panel, and check that we have euros or the currency we have exchanged. If so, click on withdraw. Here, we go to fiat and select our currency, and the way we want to withdraw the funds. Either by credit card with a 1% commission, but it arrives instantly, or by bank transfer with a 0.80€ commission. Indicate the amount you want to withdraw and click on continue. If you have used the bank card, you will be able to see the balance directly in your bank account.

I hope this has helped you to withdraw your funds from okex to your bank account. In case you don’t have an account with either of the two exchanges, you can create your account with the links below.

Platform: Binance
Min. deposit: $10
License: Cysec

Very low commissions
Exchange with more cryptocurrencies

5/5

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