How long does it take to receive money when buying coins in Dubai OKX

When purchasing coins on OKX in Dubai, you can expect to receive funds instantly for credit/debit card payments, while bank transfers may take 1-3 business days.

Oct 22, 2024 at 04:48 pm

How Long Does it Take to Receive Money When Buying Coins on OKX in Dubai?

1. Initiate Transaction:
   Place your buy order on the OKX exchange.
2. Payment and Verification:
   Choose your preferred payment method and complete the transaction. OKX usually verifies payments within minutes.
3. Order Matching:
   Once your payment is verified, OKX will match it with a seller's offer. This process typically takes a few seconds to minutes.
4. Bank Transfer:
   If you chose bank transfer as your payment option, it may take an additional 1-3 business days for the money to be deposited into your OKX account.
5. Receipt of Funds:
   Upon successful order matching, your purchased coins will be credited to your OKX account instantly.

Factors Influencing Timeframe:

• Payment method: Bank transfer payments can take longer than other methods like credit card or debit card.
• Time of day: Transactions processed during peak hours may experience longer wait times.
• Network conditions: The speed of blockchain transactions can vary depending on network congestion.
• Bank processing times: The time it takes for your bank to process the payment can also affect the overall timeframe.

Estimated Delivery Time Range:

• Credit/Debit Card: Instant - Within minutes
• Bank Transfer: 1-3 business days
• Other Payment Methods: Payment-specific processing times (usually a few minutes)

Remember:

• OKX typically processes transactions quickly, but external factors can affect the delivery time.
• You can check the status of your transaction in the OKX order history.
• If you experience significant delays, contact OKX customer support for assistance.