How do I withdraw AED with bank transfer?

Published on May 16, 2024Updated on Oct 31, 20244 min read40

You can complete an AED withdrawal to your bank account from your OKX account. AED local bank transfers are currently only offered to our UAE customers.

How do I make a cash withdrawal?

On the web

  1. Log in to your account at okx.com. Go to Assets, and select Withdraw

  2. Select United Arab Emirates Dirham to start cash withdrawal

    CT-web-cash withdraw-withdraw AED

    Withdrawal method selection for cash withdrawals

  3. Select withdrawal method, enter amount and select Preview withdrawal

  4. Enter your authorization code or SMS code and select Withdraw to complete making cash withdrawal

On the app

  1. Open your OKX app. Go to Withdraw, and select Withdraw AED

    CT-app-cash withdraw-withdraw AED

    Open the withdrawal page

  2. Select withdrawal method, enter amount and select Preview withdrawal

  3. Enter your authorization code or SMS code and select Withdraw to complete making cash withdrawal


Note:

  • You are required to verify the ownership of the receiving account when you make cash withdrawal for the first time.

  • Only verified bank accounts are eligible for withdrawal selection. Accounts shown in light grey must undergo verification by depositing funds into your OKX beneficiary account before they can be chosen for withdrawal.

    CT-app-cash withdraw-AED withdrawal method

    Example on accounts shown in light grey

  • There's a fee of 75 AED on withdrawals via bank transfers. The minimum withdrawal amount is 200AED (including 75 AED fee).

  • Withdrawal processing time: transactions of 50,000 AED or less are instant 24/7, while amounts over 50,000 AED are processed instantly during business hours (09:15 - 17:45 GMT+4, Monday to Saturday); requests outside these hours are handled on the following business day.

  • In the event of system downtime, downtime with our banking providers, withdrawals may be delayed.

How do I verify the ownership of the receiving account for the first time cash withdrawal?

To comply with local laws and regulations, you may need to verify the ownership of the receiving account during the cash withdrawal process.

Verify by making a cash deposit into OKX with the same bank account.

CT-web-cash withdraw-AED wd verify

Web: verify the ownership of receiving account for the first time cash withdrawal

CT-app-cash withdraw-AED wd verify

App: verify the ownership of receiving account for the first time cash withdrawal

FAQ

1. Why am I not able to see the "Withdraw AED" feature?

To comply with local laws and regulations, cash deposits are only available in specific regions. This may mean that your account is currently not eligible to access this feature.

2. Can I make a withdrawal while my bank account verification is still pending?

No. You can only make the withdrawal once your account ownership is successfully verified.

3. How do I know if my bank account is verified?

Once the deposit has been successfully processed into your OKX account, your bank account will be verified and ready for withdrawal.

4. How do I check my withdrawal history?

You can review your withdrawal history:

  • On the web: select Assets > Withdrawal > All withdrawals

  • On the app: select Portfolio > transactions > filter Cash withdraw type

CT-web-cash withdraw-AED wd history

Web: all withdrawals on the withdrawal page

CT-app-cash withdraw-AED withdraw history

App: transactions on the Portfolio page