How long does it take for Dubai OKX to transfer money

For Dubai-based OKX users, withdrawing funds via bank transfer (SEPA/SWIFT) takes about 3-7 business days to reach their bank account.

Oct 20, 2024 at 04:47 pm

How Long Does it Take for Dubai OKX to Transfer Money?

1. Overview

OKX is a leading cryptocurrency exchange headquartered in Dubai, United Arab Emirates. It offers a wide range of services, including spot trading, margin trading, derivatives trading, and staking.

2. Timeframes for Money Transfer

The timeframes for money transfer on OKX vary depending on the chosen method:

a. Bank Transfer (SEPA/SWIFT)

• Deposits: May take up to 2-5 business days for the funds to arrive in your OKX account.
• Withdrawals: May take up to 3-7 business days for the funds to reach your bank account.

b. Credit/Debit Card

• Deposits: Funds are typically credited to your OKX account within a few minutes.
• Withdrawals: Not supported on OKX Dubai.

c. Cryptocurrency Deposits

• Transfers from your private wallet or another exchange: Funds are typically credited to your OKX account within a few minutes to several hours, depending on the blockchain confirmation time.

d. Cryptocurrency Withdrawals

• Transfers to your private wallet or another exchange: May take up to 24 hours or more, depending on the blockchain network congestion.

e. P2P (Peer-to-Peer)

• Transfers between OKX users: Funds are typically settled within 30 minutes.

3. Additional Considerations

• Processing times may vary during periods of high trading activity or network congestion.
• OKX may charge a transaction fee for certain transfer methods.
• Users should verify their account and complete KYC (Know Your Customer) verification to avoid any delays in processing.

4. Contacting Customer Support

If you experience any issues or have questions regarding money transfers on OKX, you can contact customer support through:

• Live chat
• Email: support@okx.com

5. Conclusion

The timeframes for money transfer on OKX Dubai can vary depending on the method chosen. Generally, deposits are processed within a few minutes, while withdrawals can take up to a few business days. Users should verify their account, complete KYC verification, and contact customer support if they encounter any issues or delays.