OKX provides three primary transfer methods: on-chain transfers, fiat transfers, and internal transfers. Each method caters to different needs with distinct advantages:
- On-chain transfers offer high security but involve higher fees
- Fiat transfers have low fees but support limited currencies
- Internal transfers feature minimal fees but work only between OKX users
Always verify recipient details before initiating any transfer. Completed transactions appear in your Asset page history.
How to Send Money to Others Using OKX
1. On-Chain Transfers
Best for: Secure cross-platform cryptocurrency transfers
Steps:
- Log in to your OKX account and navigate to Assets
- Select your desired cryptocurrency and click Withdraw
Enter:
- Recipient's wallet address
- Transfer amount
Choose:
- Blockchain network
- Transaction fee (higher fees prioritize faster processing)
- Review details and confirm withdrawal
👉 Learn how blockchain fees affect transfer speeds
Pros:
- Irreversible transactions prevent fraud
- Compatible with all external wallets
Cons:
- Network congestion may delay transfers
- Gas fees fluctuate based on demand
2. Fiat Currency Transfers
Best for: Low-cost local currency transfers
Steps:
- Access Fiat Trading from your OKX dashboard
- Select your currency and choose Sell
Specify:
- Payment method (bank transfer/Alipay)
- Recipient's account details
- Enter amount and confirm transaction
Supported Currencies: USD, EUR, GBP (varies by region)
Key Notes:
- Transactions typically complete within 1 business day
- Only available for verified accounts
3. Internal Transfers
Best for: Instant OKX-to-OKX transactions
Steps:
- Go to Assets → Select cryptocurrency → Withdraw
- Choose Internal Transfer
Input:
- Recipient's OKX email/UID
- Transfer amount
- Confirm details and submit
👉 Why internal transfers save time and fees
Advantages:
- Near-instant processing (usually <2 minutes)
- Flat 0.1% fee structure
Essential Transfer Tips
✅ Always double-check recipient addresses before sending
✅ For large transfers, send a test transaction first
✅ Monitor transaction status in Asset History
✅ Contact OKX Support for failed transfers
FAQ: OKX Fund Transfers
Q1: How long do OKX transfers take?
A: On-chain transfers require 10min-2hrs; fiat transfers take 1-24hrs; internal transfers complete instantly.
Q2: Can I cancel a submitted transfer?
A: On-chain transfers cannot be canceled once broadcasted. Internal/fiat transfers may be reversible if unprocessed.
Q3: Why is my withdrawal disabled?
A: This typically occurs during security audits or when 2FA verification is pending. Complete KYC to restore access.
Q4: What's the minimum transfer amount?
A: Varies by cryptocurrency (e.g., 0.001 BTC for Bitcoin). Check individual asset pages for specifics.
Q5: How do I find transaction fees?
A: Fees display during the withdrawal process. Internal transfers always show fees before confirmation.
Q6: Can I transfer between different networks?
A: No—recipients must use matching networks (e.g., ERC20 to ERC20). Sending to incompatible addresses risks permanent loss.