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Whether you have made decent profits trading crypto lately or just want to move your crypto portfolio away from a centralized exchange like OKX, formerly known as OKEx, whatever your reason may be, you’ll need a safe and secure non-custodial cryptocurrency wallet to store your cryptocurrencies before eventually selling them for fiat currencies.
In this how-to withdraw from OKX guide, we will take you by the hand and lead you through the process of withdrawing Bitcoin, Ethereum, and other digital assets from your OKX account to your Zengo wallet in the easiest and safest way possible without making any mistakes. This way, you can rest assured that you are in total control of your digital asset holdings.
Withdrawing crypto from OKX is very easy and straightforward but can be daunting the first time. For this reason, we decided to compile this guide to show you exactly how you can withdraw crypto from OKX to Zengo. Note that in order to do this, you must have set up your Zengo wallet correctly beforehand.
Zengo is the most secure Web3-ready non-custodial cryptocurrency wallet available that utilizes the latest MPC technology to protect your cryptocurrency holdings. Zengo is more secure and reliable than any other hardware wallet and safer than centralized cryptocurrency exchanges like OKX because of its built-in Web3 firewall, seedless keyphrases, and personal account recovery system through biometric facial recognition software.
In case you want to check whether the crypto has arrived yet in your Zengo wallet app, simply launch the app and check the main balance page. If you would like to see a more detailed overview of your latest incoming transactions, we recommend hitting the ‘’History’’ button on the bottom of the screen to be provided with a complete transaction overview.
Zengo is a must-have crypto wallet for those seeking a secure non-custodial wallet on which to store cryptocurrencies and NFTs as well as access DeFi trading and staking platforms.
Zengo is one of the safest and most secure crypto wallets available to retail users today. The wallet app utilizes state-of-the-art MPC technology, three-factor authentication with biometric login and transaction confirmation for an extra layer of security. With Zengo, you don’t need to remember any difficult seed phrases as your face is used to generate a truly unique and secure seed to access your digital assets!
With Zengo’s non-custodial wallet, you are in complete control of your own private keys without having to worry about security or losing access to your funds. Furthermore, our fiat on-ramp service allows you to easily diversify and grow your crypto portfolio by purchasing your crypto of choice with fiat currency. Aside from that, you can also take part in our savings program.
If you ever need any assistance with your Zengo wallet, you can contact our real human customer support staff at any time, even on weekends and holidays. Alternatively, you can check out our Help page to see if your question has already been answered.
With Zengo, you can easily send crypto to other wallets or ‘’cash out’’ to fiat whenever you want. To send crypto to other wallets, tap on the ‘’Actions’’ button located in the main menu followed by ‘’Send’’. Now, simply fill in the amount of crypto you want to send, paste the receiving address or scan the QR code, and verify the transaction.
Rather cash out your crypto earnings to fiat? No problem! Simply tap on the ‘’Actions’’ button, and then on the ‘’Sell’’ button. As of writing this guide, you can sell your digital assets for Euros, British Pounds, and/or United States Dollars.
Note that you have to connect your bank account to your Zengo wallet prior to requesting a fiat withdrawal and that it may take a few days for your funds to arrive.
You can find more information about crypto withdrawals from OKX in the frequently asked questions section below.
OKX, formerly known as OKEx, is one of the largest cryptocurrency exchanges by market capitalization, founded in 2017. OKX claims to have over 20 million users and based on what we could gather, the exchange has never been hacked. On OKX, users can buy, sell, and trade over 600 cryptocurrencies, participate in cryptocurrency staking and other passive income-generating schemes, and trade NFTs through OKX’s built-in NFT marketplace. OKX has a native token, OKT, that provides users with benefits, such as trading fee discounts and increased staking rewards.
The main difference between Zengo and OKX is that OKX is primarily a cryptocurrency exchange that allows users to buy, sell, and trade cryptocurrencies. Although users can store their digital assets at OKX, they aren’t in control of their private keys. In contrast to this, Zengo is a fully non-custodial wallet, meaning that you are in total control of your private keys, and you, therefore, own the cryptocurrencies in your wallet. Apart from acting as a non-custodial crypto wallet, Zengo also functions as a gateway to Web3, NFTs, metaverse gaming, Daaps, and decentralized finance.
Apart from charging trading fees based on a maker/taker pricing model, based on the information we gathered online, the exchange also charges withdrawal fees on a per-cryptocurrency basis. Note that standard miner fees may apply when withdrawing cryptocurrencies from OKX.
Users who own less than 500 OKB tokens can withdraw up to 500 entire BTC per 24 hours. Higher VIP tiers can withdraw more, whilst users who haven’t completed the KYC procedure yet (and are KYC Level 1) can ‘’only’’ withdraw 200 BTC per day.
Whenever you submit a withdrawal request at OKX, the withdrawal will pass through several stages of approval, including awaiting withdrawal, request submitted, now pending confirmation, manual verification, being processed, and withdrawal successful. If your withdrawal doesn’t come through within 48 hours of submission, we recommend contacting the cryptocurrency exchange’s support.
When you have just purchased (your first) crypto on OKX, it can be that your account is subject to a short holding period in which you won’t be able to withdraw it to external wallets such as Zengo. For this reason, we recommend logging in to your OKX account to see whether this is the caste. Other commonly known problems that can occur regarding crypto withdrawal from OKX include entering the wrong receiving address and the wrong blockchain network. We, therefore, recommend always double-checking these details before confirming any withdrawal request.
The only way to withdraw crypto to fiat from OKX is by using its built-in P2P Marketplace. To do this, add a payment method to use on the P2P marketplace or connect your bank account, sell your crypto peer-to-peer to another cryptocurrency user, and withdraw the fiat amount to the connected e-wallet or bank account. Alternatively, you can send your funds to Zengo and withdraw them as needed in fiat while your assets are safe and completely in your control.
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