Navigating the world of cryptocurrency can be exciting—and one of the most convenient ways to get started is through cash deposits and withdrawals. On the OKX platform, whether you're using the mobile app or the web interface, depositing and withdrawing fiat currency is a seamless way to buy and sell digital assets. This guide walks you through everything you need to know about supported payment methods, fees, processing times, transaction limits, and how to check your current limits—all while keeping your experience secure and efficient.
Supported Currencies and Payment Methods
OKX supports a variety of local payment methods to make crypto transactions more accessible across different regions. The available currencies and payment options depend on your country of residence, ensuring compliance with local regulations and banking infrastructure.
Currently supported combinations include:
- EUR via SEPA bank transfer and iDEAL
- BRL via Pix
- AUD via local bank transfer
- AED via UAE bank transfer
- SGD via PayNow
- USD via bank transfer
- EUR also supports Bancontact for users in eligible regions
These localized channels allow for faster, cheaper, and more reliable transfers. As OKX continues to expand its global footprint, additional payment methods and currencies are expected to roll out in the near future.
👉 Discover how easy it is to start trading with local currency options.
Deposit and Withdrawal Fees, Processing Times
Understanding fees and processing times helps you plan your transactions effectively. Below is a detailed breakdown of what to expect when using OKX’s cash deposit and withdrawal services.
Fees and Processing Speed by Payment Method
- SEPA (EUR): Deposits and withdrawals are typically instant or completed within 1–2 business days. No deposit or withdrawal fees are charged by OKX, though your bank may apply its own charges.
- iDEAL (EUR): A fast and secure option popular in the Netherlands. Transactions are processed instantly with no fees from OKX.
- Pix (BRL): Brazil’s real-time payment system enables immediate deposits and withdrawals with no fees applied by OKX.
- AUD Bank Transfer: Processing takes up to one business day. While OKX does not charge fees, your financial institution might.
Important Notes:
- Business days refer to local working days in the currency’s home country.
- Banks may impose additional fees, especially if a withdrawal is returned.
- Withdrawal fees, where applicable, are non-refundable.
Transaction Limits: Minimums and Maximums
To ensure security and regulatory compliance, OKX enforces minimum and maximum transaction limits for both deposits and withdrawals. These limits vary by currency, payment method, and user verification level.
Here’s an overview of current limits:
- EUR (SEPA): Minimum deposit of €1; daily deposit cap at €300,000 (€1 million over 30 days). Daily withdrawal limit is €1 million (€10 million over 30 days).
- iDEAL: €1 minimum, €100,000 daily deposit limit (€1 million over 30 days). Not available for withdrawals.
- Bancontact (EUR): €1 minimum, up to €2,000 daily (€7,000 over 30 days).
- BRL (Pix): R$10 minimum with a daily limit of R$25,000 (R$50,000 over 30 days) for both deposits and withdrawals.
AUD Bank Transfer:
- Level 1: A$0.01 deposit minimum (max A$10,000/day in 5 transactions), A$20,000 weekly; withdrawal up to A$50,000/day.
- Level 2: Higher or unlimited deposit limits; withdrawal up to A$200,000/day (A$500,000 weekly).
- AED Bank Transfer: 1 AED minimum deposit, 200 AED minimum withdrawal. Daily limit: 1,000,000 AED.
- SGD (PayNow): S$0.01 minimum deposit, S$10 minimum withdrawal. Daily limit: S$200,000.
- USD Bank Transfer: $50 minimum deposit or withdrawal. Daily limit: $1,000,000.
Additional Notes:
- SEPA Instant payments are capped at €100,000 per transaction.
- Limits are cumulative across card payments and bank transfers—your lowest available limit applies.
- Transaction values reset 30 days after execution.
How to Check Your Current Deposit and Withdrawal Limits
Your personalized limits are displayed directly within the OKX app or website whenever you initiate a deposit or withdrawal. This real-time visibility ensures transparency and helps prevent failed transactions due to limit exceedance.
To view your limits:
- Log into your OKX account.
- Navigate to the "Fiat & Spot" section.
- Select "Deposit" or "Withdraw."
- Choose your preferred currency and payment method.
- The interface will show your available amount range based on your verification level.
👉 See your personalized limits and start transacting today.
Frequently Asked Questions (FAQ)
Q: Are there any fees for depositing or withdrawing fiat on OKX?
A: OKX does not charge fees for most fiat deposits and withdrawals. However, your bank or payment provider may apply processing or return fees.
Q: Why do transaction limits vary by user?
A: Limits are determined by your identity verification level (KYC), location, and compliance requirements. Higher verification levels unlock greater transaction capacity.
Q: How long do deposits and withdrawals take?
A: Most transactions via iDEAL, Pix, or PayNow are instant. SEPA and other bank transfers typically complete within 1–2 business days.
Q: Can I increase my transaction limits?
A: Yes—by completing higher levels of identity verification. Upgraded KYC status often leads to significantly higher daily and monthly caps.
Q: What happens if my withdrawal is returned by the bank?
A: If a withdrawal fails and funds are returned to OKX, your bank may charge a fee. The amount will be credited back to your account after processing.
Q: Is my money safe when depositing fiat on OKX?
A: Yes. OKX employs advanced security protocols including encryption, cold storage for assets, and strict adherence to financial regulations to protect user funds.
Final Thoughts
Cash deposits and withdrawals on OKX offer a bridge between traditional finance and the digital asset economy. With support for major global currencies like EUR, USD, BRL, AUD, and SGD—and integration with fast payment rails like SEPA, Pix, iDEAL, and PayNow—OKX makes entering the crypto market faster and more intuitive than ever.
Whether you're a beginner looking to make your first purchase or an experienced trader managing large volumes, understanding the available methods, associated fees, processing times, and transaction limits empowers you to act confidently.
👉 Get started with fast, secure fiat-to-crypto transactions now.
By leveraging localized payment solutions and maintaining transparent policies around limits and fees, OKX continues to build a user-first platform that meets diverse global needs—without compromising on speed or safety.