Understanding Cash Deposits and Withdrawals on OKX
Cash deposits and withdrawals allow you to buy and sell cryptocurrencies seamlessly through OKX's mobile app and web platform. This guide covers everything you need to know about payment methods, fees, processing times, and transaction limits.
👉 Start depositing or withdrawing on OKX now
Accepted Currencies and Payment Methods
OKX currently supports deposits and withdrawals through various payment methods, with availability depending on your country of residence:
Supported Payment Channels
- Bank Transfers: SEPA (EUR), Local Bank Transfer (AUD, AED, USD)
- Instant Payment Systems: iDEAL, Bancontact, Pix (BRL), PayNow (SGD)
- More options coming soon
Fees, Limits, and Processing Times
Deposit and Withdrawal Fees
| Payment Method | Currency | Channel | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|---|---|
| Bank Transfer | EUR | SEPA | Free | Free | Instant - 2 business days |
| iDEAL | EUR | N/A | Free | N/A | Instant |
| Pix | BRL | N/A | Free | Free | Instant |
| Bank Transfer | AUD | N/A | Free | Free | Up to 1 business day |
Important Notes:
- Additional fees may be charged by your bank
- Withdrawal fees are non-refundable
- Business days refer to local banking days
Transaction Limits
| Currency | Channel | Minimum | Max Daily Deposit | Max Daily Withdrawal |
|---|---|---|---|---|
| EUR | SEPA | €1 | €300,000 | €1,000,000 |
| BRL | Pix | R$10 | R$25,000 | R$25,000 |
| AUD | Bank Transfer | A$0.01 | A$10,000 | A$50,000 |
| USD | Bank Transfer | $50 | $1,000,000 | $1,000,000 |
👉 Check your personal deposit limits on OKX
How to Check Your Current Limits
Your maximum transaction limits appear when you:
- Log in to your OKX account
- Navigate to "Deposit" or "Withdraw" sections
- Select your preferred payment method
Limits are updated in real-time based on your verification level and account history.
Frequently Asked Questions
How long do deposits take to process?
Processing times vary by method:
- Instant payments: Immediately available
- Bank transfers: 1-2 business days
- SEPA Instant transfers: Seconds (when available)
Why was my withdrawal limit lower than expected?
Limits depend on:
- Your account verification level
- Payment method selected
- Local regulations
- Your transaction history
Can I increase my deposit limits?
Yes, by completing higher levels of identity verification and maintaining good account standing. Limits typically refresh every 30 days.
Are there hidden fees?
OKX doesn't charge hidden fees, but your bank or payment provider may apply additional charges. Always check with them before transacting.
Optimizing Your Transactions
For the best experience:
- Use instant payment methods when available
- Complete full identity verification
- Consider splitting large transactions across multiple days
- Monitor your 30-day rolling limit usage
Remember, all transactions are subject to OKX's terms of service and local regulations. For complex transactions or high-value transfers, our support team can provide personalized assistance.