OKX is a leading global digital asset trading platform that offers various cryptocurrencies for trading, including Tether (USDT). This guide provides a detailed step-by-step process for withdrawing Tether from your OKX account to an RMB bank account.
1. Enable RMB Withdrawal Permission
Before withdrawing Tether to your RMB account, you must enable RMB withdrawal permissions. Follow these steps:
Steps to Enable RMB Withdrawal:
- Log in to your OKX account and navigate to the Personal Center.
Complete Identity Verification:
- Go to "Identity Authentication."
- Submit required documents for KYC (Know Your Customer) verification (real-name authentication, advanced verification, etc.).
Set Up Bank Account:
- Under "Fund Management," select Withdrawal Settings.
Choose "Bank Card Withdrawal" and fill in your bank details:
- Account holder name
- Bank card number
- Bank name, province, city, and branch
- Submit and wait for OKX approval.
2. Deposit Tether into Your OKX Account
To proceed, transfer your Tether holdings to your OKX wallet:
Deposit Process:
- From the Fund Management page, select "Deposit".
- Choose Tether (USDT) and copy the provided wallet address.
- Send your USDT from an external wallet to this address.
- Confirm the transaction—your balance will update once processed.
3. Convert Tether to CNY
OKX supports USDT/CNY trading pairs. Here’s how to exchange USDT for CNY:
Conversion Steps:
- Navigate to "Markets" and select USDT/CNY.
Place an order:
- Enter the amount and price (market/limit orders supported).
- Click "Buy" (to acquire CNY) or "Sell" (to liquidate USDT).
- After execution, check your CNY balance under Fund Management.
4. Withdraw CNY to Your Bank Account
Finally, transfer CNY to your linked bank account:
Withdrawal Steps:
- Under Fund Management, select "Withdraw" (CNY).
Enter:
- Withdrawal amount
- Bank details (as registered earlier)
- Complete 2FA authentication (SMS/email verification).
- Submit and await processing (typically within 1–2 business days).
Key Notes:
- Fees & Limits: OKX imposes withdrawal fees and daily limits. Check their fee schedule for updates.
- Security: Ensure all account verifications are complete to avoid delays.
- Timing: Transactions may take longer during peak hours or bank holidays.
FAQ
Q1: How long does CNY withdrawal take?
A1: Usually processed within 24 hours, but may extend to 48 hours during high traffic.
Q2: Are there minimum withdrawal amounts?
A2: Yes, OKX sets minimum thresholds (e.g., 100 CNY). Refer to their policy for exact figures.
Q3: Can I withdraw to a non-Chinese bank account?
A3: OKX primarily supports RMB withdrawals to Chinese banks. For international transfers, consider converting to other currencies first.
👉 Learn more about OKX withdrawal policies
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Pro Tip: Always double-check wallet addresses and bank details to prevent errors. For further assistance, contact OKX support via their help center.