Withdrawing UAE Dirhams (AED) from your OKX account to a local bank is a straightforward process designed for users in the United Arab Emirates. This guide provides a step-by-step overview of how to complete a bank transfer withdrawal, including important notes on fees, processing times, and account verification.
Step-by-Step Guide to AED Withdrawal
Completing a withdrawal involves a few simple steps, whether you prefer using the web platform or the mobile app. The process is designed to be secure and efficient, ensuring your funds are transferred safely to your verified bank account.
Withdrawing AED on the Web
Follow these steps to withdraw funds using the OKX website:
- Log in to your OKX account and navigate to the "Assets" section. From there, select the "Withdraw" option.
- Choose "United Arab Emirates Dirham" (AED) as your withdrawal currency.
- Select your preferred withdrawal method, enter the amount you wish to withdraw, and click "Preview Withdrawal" to review the details.
- Finally, enter your authorization or SMS verification code and confirm the withdrawal by clicking "Withdraw."
Withdrawing AED on the Mobile App
If you are using the OKX app, the process is just as simple:
- Open the OKX app and go to the "Withdraw" section. Then, select "Withdraw AED."
- Choose your withdrawal method, input the amount, and tap "Preview Withdrawal."
- Authorize the transaction by entering your verification code and tap "Withdraw" to complete the process.
For a smooth experience, it is essential to ensure your bank account is verified beforehand. You can 👉 complete the account verification process here to avoid any delays.
Important Notes on AED Withdrawals
Before initiating a withdrawal, keep the following key points in mind:
- First-Time Withdrawal:首次提现时，您需要验证接收账户的所有权。You are required to verify the ownership of the receiving bank account when making a cash withdrawal for the first time.
- Account Verification: Only bank accounts that have been successfully verified will be available for selection. Accounts displayed in a light grey color require verification. This is done by first depositing funds from that bank account into your OKX beneficiary account.
- Fees: A fixed fee of 75 AED is applied to all withdrawals made via bank transfer.
- Minimum Amount: The minimum withdrawal amount is 200 AED, which includes the 75 AED fee.
- Processing Time: Withdrawals of 50,000 AED or less are typically processed within one business day. For amounts exceeding 50,000 AED, processing may take up to five business days. All processing occurs during business hours (09:15 - 17:45 GMT+4, Monday to Saturday). Requests submitted outside of these hours will be processed on the next business day.
- Potential Delays: Withdrawals may be delayed due to system maintenance or downtime with banking partners.
Verifying Receiving Account Ownership
To comply with financial regulations in the UAE, verifying the ownership of your receiving bank account is a mandatory first step for withdrawals. This security measure helps protect your assets.
Verification is typically completed by making a small deposit from the bank account you wish to use into your OKX account. Once this deposit is processed successfully, the bank account will be marked as verified and available for future withdrawals. You can 👉 explore the verification guide for more details.
Frequently Asked Questions
Why can't I see the "Withdraw AED" option?
The AED withdrawal feature is only available to accounts registered in specific regions to comply with local regulations. If this option is not visible, it likely means your account is not currently eligible for this service.
Can I withdraw funds while my bank account is still pending verification?
No. You must successfully complete the bank account verification process before you are permitted to make a withdrawal. An unverified account will not appear as an option during the withdrawal process.
How do I know if my bank account is verified?
Your bank account will be verified and ready for use once a deposit from that account has been successfully processed and credited to your OKX account. Verified accounts will be clearly selectable in the withdrawal menu.
Where can I check my withdrawal history?
You can review your entire withdrawal history for transparency:
- On the Web: Go to Assets > Withdrawal > All withdrawals.
- On the App: Navigate to Portfolio > Transactions and filter for the "Cash withdraw" type.
What is the minimum withdrawal amount?
The minimum amount you can withdraw is 200 AED. Please note that this total includes the 75 AED processing fee, meaning the net amount transferred to your bank will be 125 AED for a minimum withdrawal.
Are there any limits on how much I can withdraw?
While the guide mentions processing times for different amounts, specific account tiers may have daily or monthly withdrawal limits. It is best to check the limits section within your account for the most accurate and personalized informationaryl.