How to Transfer Funds to Others on OKX

Transferring cryptocurrencies to other users securely is a fundamental feature of any reputable exchange. This guide provides step-by-step instructions for sending funds via OKX (formerly OKEx), one of the world's leading cryptocurrency trading platforms.

Step-by-Step Transfer Process on OKX

1. Access Your Account

• Log in to your OKX account via the official website.
• Navigate to the "Assets" tab located at the top right corner of the dashboard.

2. Initiate a Withdrawal

• Select "Withdraw" from the dropdown menu under "Assets."
• Choose your desired cryptocurrency (e.g., BTC, ETH, USDT).

3. Select Transfer Method

• Chain Transfer: For external wallets (requires network confirmation)
• Internal Transfer: Instant transfers between OKX users (no network fees)

4. Enter Recipient Details

• For chain transfers: Paste the recipient's wallet address.
• For internal transfers: Input the recipient's OKX email/phone number.
• Double-check addresses to prevent errors—crypto transactions are irreversible.

5. Confirm and Submit

• Review the amount and network fees.
• Complete two-factor authentication (2FA) for security.
• Click "Submit" to process the transaction.

Transferring to External Wallets (e.g., MetaMask)

1. Configure MetaMask for OKX Chain:

   • Add OKX Chain Mainnet via Custom RPC settings.

   • Network details:

     Network Name: OKX Chain
     RPC URL: https://exchainrpc.okex.org
     ChainID: 66
     Symbol: OKT
     Block Explorer: https://www.oklink.com/en/okc

2. Copy your MetaMask wallet address and paste it into OKX's withdrawal field.
3. Confirm the transaction—funds typically arrive within minutes.

Key Considerations

• Transaction Fees: Vary by network congestion and cryptocurrency.
• Processing Time: Internal transfers are instant; chain transfers depend on blockchain confirmation times.
• Security: Always enable 2FA and verify wallet addresses before sending.

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FAQ Section

Q1: Is there a minimum withdrawal amount on OKX?

A: Yes, minimums vary by cryptocurrency. Check the "Withdrawal" page for specific thresholds.

Q2: Why is my withdrawal pending for hours?

A: Chain transfers require blockchain confirmations. Delays may occur during network congestion.

Q3: Can I cancel a submitted withdrawal?

A: No—once initiated, cryptocurrency withdrawals cannot be canceled. Verify details before submission.

Q4: How do I avoid incorrect transfers?

A: Always:

• Copy-paste wallet addresses (never type manually)
• Perform a test transaction for new addresses
• Use QR codes when available

Q5: What if I send funds to the wrong network?

A: Recovery is complex and often impossible. Ensure the recipient's wallet supports the chosen network (e.g., don't send ERC-20 tokens to a BEP-20 address).

Q6: Are internal transfers free?

A: Yes, OKX does not charge fees for transfers between its users.

Best Practices for Secure Transfers

1. Bookmark trusted wallets: Save frequently used addresses to avoid phishing.
2. Monitor gas fees: Use OKX's fee estimator for cost-effective transfers.
3. Verify memos/tags: Required for some exchanges (e.g., XRP, XLM).

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By following these guidelines, you can execute seamless and secure cryptocurrency transfers on OKX. For additional support, consult OKX's 24/7 help center or community forums.