How to withdraw money from OKX to card

Crypto exchanges provide customers with functionality to exchange digital assets. One of the best platforms for 2024 is OKX. It has been providing services to its users for 10 years. Cryptocurrency exchange offers different methods of withdrawing assets. It can be done by a transaction to the address of another wallet, as well as with the help of an exchanger and P2P service. The article tells how to withdraw money from OKX to the card. There are nuances that a novice user of the platform needs to know about.

What to do before withdrawing cryptocurrency from the exchange

New registered clients of the trading platform do not have access to all methods of keshout. To unblock them, you need to:

• Bind a phone number.
• Συνδέστε τον έλεγχο ταυτότητας δύο παραγόντων.
• Set a password to confirm transactions.

Binding a cell phone

The procedure should be performed if the client wants to open all ways of withdrawing assets. It is enough to spend 2-3 minutes for this. To bind the phone number you need to:

1. Open the website of the cryptoplatform.
2. Log in to the account.
3. Go to the “My Profile” tab.
4. Find the “Phone number” field.
5. Next to it, click on the “Bind Now” button.
6. Specify the cell phone number.
7. Send a code to it, which you will need to insert in the “Phone Authentication” field.
8. Perform a similar procedure with e-mail.

9. Enter the code of two-factor authentication (if the 2FA function is connected).
10. Confirm the operation.

You do not need to do anything else. Once the operation is confirmed, the cell phone number will be linked to the account.

2FA

Two Factor Authentication is a feature to provide additional security to the account. If it is enabled, you need to enter a code from a special application each time you log in to your account. The password is recreated once every 30 seconds. In this way, the function provides account protection.

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2FA authentication is also able to work without an application. Clients can be sent codes for authorization by SMS.

The 2FA connection does not open new methods of keshout on the exchange. However, it is required to set up a financial password. To enable authentication, you need to:

1. Open the crypto exchange’s website.
2. Go to the “Security” page.
3. Find 2FA and click on the “Enable” button.
4. Download the Google Authenticator program to your mobile device.
5. Open the app and scan the QR code on the exchange.
6. Enter the 6 digits from Google Authenticator.
7. Complete the procedure.

Now you will have to enter the code from the Google Authenticator application every time you log in to your account. However, this will reliably protect the account from hackers.

Setting a financial password

This is not a complicated procedure. First, you need to go to the “Security” section and find the “Financial password” option. Next, you need to click on the “Customize” button. A form will open, in which the client will need to think up and enter a password. To save it, it will remain to specify the 2FA-code and click on the “Confirm” button.

How you can withdraw money from your OKX account

After setting up the account, the user can proceed to the keshout. As of April 2024, different methods are offered to withdraw money from the OKX sub-account to the card. For keshout, the options in the table are often used.

Selling cryptocurrency through OKEx exchanger

As of April 2024, the platform does not support Russian rubles. Owners of euro accounts that were opened in foreign banks can use the exchanger. To sell cryptocurrency, you need to:

1. On the OKX exchange website, click on the “Buy Crypto” button.
2. Select the “Express Buy” item.
3. Click on the “Sell” button.
4. Select cryptocurrency and fiat (EUR).

5. Click on the “Sell” key.
6. Specify the payment system and details.
7. Confirm the operation.

The crypto exchange does not charge a commission for this service. However, it can be charged by a payment service or a bank. The size of the fees is up to 5% of the transaction amount.

Via P2P

You can withdraw money from the OKX wallet directly through other clients of the crypto exchange. For this purpose, the platform provides a P2P service.

For 2024, this functionality on the exchange does not support Russian rubles.

To make a withdrawal from OKX P2P, you need to:

1. Open the platform’s website.
2. Select the item “Buy crypto”, and then – “P2P trading”.
3. Specify the digital asset, currency and payment method.
4. Select a merchant suitable for the conditions.
5. Click on the “Sell” button.
6. Specify the amount of exchange.
7. Wait for receipt of funds from the merchant.
8. Confirm the operation.

The cryptocurrency will be automatically sent to the buyer. No additional actions are required.

Συγγραφέας: Saifedean Ammous, ειδικός στα οικονομικά των κρυπτονομισμάτων.