Despite facing a temporary withdrawal suspension in 2020, which impacted its global exchange ranking, OKX (formerly OKEx) regained its position by 2021. Notably, during recent Bitcoin price volatility events that caused outages at multiple exchanges, OKX remained operational—boosting investor confidence and interest in trading on its platform. For users seeking to perform crypto-to-crypto trades, the first step involves converting fiat currency. This guide details the process of transferring OKX fiat funds to a trading account.
Step-by-Step Guide to Transfer Fiat to Trading Account
1. OKX Account Registration
Before transferring funds, ensure you have a verified OKX account:
Sign Up:
- Visit the OKX website and click "Register."
- Choose mobile or email registration, set a password, and complete verification.
Identity Verification:
- Navigate to Personal Center > Identity Verification.
- Complete LV.1 (Basic), LV.2 (Advanced), and LV.3 (Video) authentication for higher trading limits and better merchant matching rates.
👉 Start trading with OKX today
2. Transferring Funds via Mobile App
- Open the OKX app and tap Assets.
- Select Funds Transfer > Choose a currency (e.g., USDT).
- Set the transfer direction: Funding Account → Trading Account.
- Enter the amount and confirm.
Tip: Adjust transfer direction by clicking the arrow icon.
3. Transferring Funds via Web Platform
- Click Asset Management > Funds Transfer.
- Select the currency (e.g., USDT) and set Funding → Trading Account.
- Enter the amount and confirm.
Fiat vs. Crypto Accounts: Key Differences
| Feature | Fiat Account | Crypto Account |
|------------------|---------------------------------------|------------------------------------|
| Purpose | Buy/sell crypto with fiat (e.g., USD)| Trade crypto-to-crypto pairs |
| Withdrawals | Required to cash out profits | Not applicable |
| Example Use | Converting USDT to USD | Trading BTC/USDT |
Pro Tip: For small-cap altcoins, first convert to major coins (BTC/ETH/USDT) in your crypto account before cashing out via the fiat account.
FAQs
1. Why can’t I transfer funds immediately after deposit?
- Fiat deposits may require clearing time (1–3 business days) depending on your payment method.
2. Are there fees for transferring between accounts?
- OKX charges no fees for internal transfers between funding and trading accounts.
3. How do I sell crypto for fiat?
- Transfer crypto to your fiat account and place a sell order against a supported currency (USD, EUR, etc.).
4. What’s the minimum transfer amount?
- Varies by currency; check OKX’s official limits under "Funds Transfer."
Why Choose OKX?
- Market Depth: High liquidity ensures stable prices even for large trades.
- Reliability: Operated without downtime during extreme market volatility.
- Security: Multi-tier verification and compliance with global standards.
👉 Maximize your trading potential with OKX
Note: Remove promotional links (e.g., Huobi, Binance) to comply with content guidelines.