UAE residents can now withdraw USD from their OKX account to a bank via international wire transfer. This guide covers the step-by-step process, fees, processing times, and account verification requirements.
Step-by-Step Withdrawal Process
Via Web Browser
- Log in to your OKX account at www.okx.com. Navigate to Assets > Deposit.
- Select Cash and choose USD as the currency.
- Opt for International wire transfer as the withdrawal method.
- Pick the verified bank account, review details under Preview withdrawal, and confirm.
- Enter the SMS/authorization code and click Withdraw to submit.
👉 Start your USD withdrawal now
Via Mobile App
- Open the OKX app, go to Portfolio > Withdraw > Withdraw cash.
- Select USD and International wire transfer, then tap Next.
- Choose the bank account and proceed to Preview withdrawal.
- Authenticate via SMS/authorization code and confirm.
Important: Only bank accounts previously verified through a deposit can be used for withdrawals.
Fees and Processing Times
| Method | Fee | Minimum Amount | Processing Time |
|--------------------------|---------------------|--------------------|---------------------------|
| International wire transfer | $35 (Qualified Investors) / $40 (Others) | $100 USD | Up to 5 business days |
Receiving Account Verification
Before your first withdrawal, you must prove ownership of the receiving bank account. Verification methods include:
- Making a cash deposit into OKX using the same account.
- Submitting bank statements or other requested documents.
Frequently Asked Questions (FAQ)
1. Why can’t I see the "Withdraw cash" option?
This feature is region-specific due to local regulations. Your account may not be eligible based on your location.
2. Can I withdraw funds during bank account verification?
No. Withdrawals are only permitted after successful verification.
3. How do I check my withdrawal history?
- Web: Assets > Withdrawal > All withdrawals.
- App: Portfolio > Transactions > Filter by "Cash withdraw."
👉 Learn more about OKX withdrawals
4. What if my withdrawal fails?
Ensure your bank account is verified, fees are covered, and the amount meets the $100 minimum. Contact OKX support for further assistance.
For UAE users, OKX provides a secure and compliant platform for USD withdrawals. Always confirm account details and fees before initiating transactions.