Digital currency has gained significant traction among investors, and one of the most crucial aspects of dealing with cryptocurrencies is understanding how to withdraw them to bank cards. With the global cryptocurrency market capitalization standing at approximately $5.87 trillion (as of recent data), Bitcoin leads the pack with a 60.34% market dominance. This growing interest makes it essential for users to master the withdrawal process.
Step-by-Step Guide to Withdraw Digital Currency to a Bank Card
1. Converting Cash to Digital Assets (For Beginners)
If you don't yet hold any digital assets but want to convert cash to cryptocurrency, OKEx's fiat trading platform serves as the primary "deposit" channel. The fiat trading area allows you to:
- Choose buyers/sellers with suitable quotes
- Use bound bank cards/Alipay/WeChat accounts for payment
- Utilize limit orders to set your preferred buy/sell prices
The platform features two distinct zones:
- Free Trading Area: Open to all users
- Verified Merchant Area: High-quality merchants selected by the platform with strict requirements (5000 OKB deposit required)
2. Executing Transactions
Follow these steps for seamless transactions:
- View current orders in the trading list
- Select your preferred cryptocurrency
- Click "Buy" or "Sell" and enter the desired amount
Review merchant details before confirming
- Includes nickname (for verified merchants), order count, completion rate, payment methods, etc.
For incomplete orders:
- Select payment method
- Complete payment and click "Paid"
- Wait for merchant to release coins
👉 Learn more about secure crypto transactions
3. Creating Custom Orders
If existing orders don't meet your needs:
- Set your preferred buy/sell price
- Determine transaction limits
- Click "Buy" or "Sell" to publish your order
- Monitor "My Orders" for completion
Note: Orders with prices significantly deviating from market rates will trigger a confirmation window.
Bitcoin Withdrawal Fees: Exchange Comparison
| Exchange | Coin Processing Time | Fiat Processing Time | Coin Fee | Fiat Fee |
|---|---|---|---|---|
| OKCoin | 15 min auto-process | <24 hours | 0.0005 BTC/network | 0.5% (min ¥1) |
| Bitcoin China | ~1 hour review | Not specified | 0.0015 BTC | 0.38% (min ¥2) |
| BTC Trade | ~5 min manual process | 1-24 hours | 0.001 BTC | 0.4%-1% by tier |
FAQ Section
Q: How long does cryptocurrency withdrawal take?
A: Processing times vary by exchange, typically ranging from minutes to several hours for blockchain confirmation.
Q: Are there minimum withdrawal amounts?
A: Yes, most exchanges impose minimum withdrawal limits both for cryptocurrencies and fiat currencies.
Q: What's the safest way to withdraw cryptocurrency?
A: Always use verified merchants on reputable exchanges and double-check all wallet addresses before transferring.
Q: Why do withdrawal fees vary?
A: Fees depend on network congestion, exchange policies, and whether you're using standard or expedited processing.
👉 Discover low-fee withdrawal options
Remember: The cryptocurrency market operates 24/7, but bank processing times may extend during weekends and holidays. Always verify current rates and fees directly with your exchange before initiating withdrawals.
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