How to Withdraw RMB from OKX Exchange?
If you don't hold any digital assets but want to convert cash into cryptocurrencies, OKX's fiat trading section serves as the platform's "deposit" channel. In this area, you can:
- Select Buyers/Sellers: Choose offers with suitable prices.
- Payment Methods: Use linked bank cards, Alipay, or WeChat accounts to purchase digital assets.
- Order Types: Opt for limit orders to set your preferred buy/sell prices.
The fiat trading zone includes:
- Free Trading Area: Open to all users.
- Verified Merchants Area: High-quality vendors selected by OKX, requiring a 5,000 OKB deposit as collateral.
Step-by-Step Withdrawal Process
View Orders:
- Check active orders in the "Trading Orders" section.
- Sell orders appear ascending by price; buy orders descend by price.
- Verified merchants receive priority display.
Buy/Sell:
- Example: To buy BTC, select a seller, click "Buy," and confirm the transaction after verifying their profile (completion rate, payment methods, etc.).
Pending Orders:
- Navigate to "Uncompleted Orders" to track payments.
- Click "Paid" after transferring funds to notify the seller for coin release.
Custom Orders:
- Set your ideal price if existing orders don't match.
- Adjust parameters if the price deviates significantly from the market index.
Pause Orders:
- Use "Stop Accepting Orders" to temporarily hide your listing if inactive.
Daily Withdrawal Limits at OKX
Tier-Based Limits:
- Lv 1: 300 BTC/day (all currencies converted to BTC equivalent).
- Example: Withdrawing 250 BTC + 25 BTC (OMG) + 15 BTC (XUC) leaves 10 BTC remaining.
KYC Impact:
- KYC1: ≤100 BTC/24h.
- KYC2: ≤300 BTC/24h.
👉 Maximize your withdrawals with OKX's tier benefits
FAQs
Q1: What payment methods does OKX support for fiat trading?
A1: Bank transfers, Alipay, and WeChat Pay are available, depending on the seller's preferences.
Q2: How do verified merchants differ from regular users?
A2: They undergo stricter vetting, maintain higher completion rates, and deposit 5,000 OKB as collateral for reliability.
Q2: Can I increase my daily withdrawal limit?
A2: Contact OKX customer support for exceptions beyond your current tier or KYC level.
Q3: Why was my custom order rejected?
A3: Orders may fail if prices stray too far from the market index or exceed remaining daily limits.