Understanding OKX Funds Account
The Funds Account on OKX serves as your primary hub for depositing and withdrawing cryptocurrencies. All deposit and withdrawal functions must be processed through this account. When investors deposit coins, the assets first arrive in the Funds Account. Similarly, withdrawals require transferring assets to this account before processing.
Step-by-Step Withdrawal Process
1. Access Funds Account
- Navigate to Asset Management > Funds Account
The interface displays:
- Deposit/Withdrawal options (left panel)
- Real-time asset valuation in BTC and fiat equivalents (center)
- Currency allocation percentages
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2. Transfer Funds
- Select your desired cryptocurrency
- Click Funds Transfer
- Choose destination account
- Enter transfer amount
- Confirm transaction
Tip: Reverse transfers (to Funds Account) are possible by toggling the direction arrow.
3. Review Transaction History
- Track all deposits, withdrawals, and transfers under Funds Record
Deposit and Withdrawal Tutorials
Depositing Cryptocurrency
- Go to Spot Account > Deposit/Withdraw
- Select currency and view deposit address
Important notes:
- Each currency has unique deposit addresses
- BTC/LTC addresses are auto-generated upon account creation
Withdrawing Cryptocurrency
- Prerequisite: Bind email via Security Center
Withdrawal path:
- Asset Management > Withdraw
- Select currency
- Enter external wallet details
- OKX supports cross-currency transfers
FAQ Section
Q: Why can't I withdraw immediately after selling crypto?
A: Assets must first be transferred to your Funds Account. Processing times vary by network congestion.
Q: Are there withdrawal limits on OKX?
A: Yes, limits depend on your verification level. Complete KYC for higher thresholds.
Q: How long do withdrawals typically take?
A: Blockchain confirmations usually take 10-30 minutes, but may extend during peak traffic.
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Q: Can I cancel a withdrawal request?
A: Only if status shows "Pending." Approved transactions cannot be reversed.
Q: Why was my deposit not credited?
A: Confirm you used the correct network (e.g., ERC20 vs. TRC20). Contact support if issues persist after 30 minutes.
Q: What's the minimum withdrawal amount?
A: Varies by cryptocurrency. Check currency-specific details in the withdrawal interface.