Leverage trading is a popular feature on OKX, one of the world's leading cryptocurrency exchanges. Whether you're using spot leverage or futures contracts, understanding how to withdraw your leveraged assets is crucial. This guide provides a step-by-step walkthrough for transferring leveraged coins from OKX to external wallets or other accounts.
Step-by-Step Guide to Withdraw Leveraged Coins from OKX
1. Log in to Your OKX Account
- Visit the OKX official website.
- Enter your registered email/phone number and password.
- Complete two-factor authentication (2FA) if enabled.
2. Navigate to the Asset Management Section
- Click on "Assets" in the top-right corner.
- Select "Withdraw" from the dropdown menu.
3. Choose the Cryptocurrency to Withdraw
- Select the coin you’ve used in leverage trading (e.g., BTC, ETH).
- Ensure the selected network matches the deposit network of your destination wallet (e.g., BTC-Bitcoin, USDT-TRC20).
4. Enter Withdrawal Details
- Address: Paste the recipient wallet address.
- Amount: Input the quantity to withdraw (must meet the minimum limit).
- Memo/Tag: Required for certain coins like XRP (check with the recipient).
5. Confirm Security Checks
- Enter your funds password.
- Verify via email/SMS/Google Authenticator.
6. Review and Submit
- Double-check the address and amount.
- Click "Confirm Withdrawal".
Internal Transfers (OKX to OKX)
👉 Learn how to instantly transfer funds between OKX accounts
- Select "Internal Transfer".
- Enter the recipient’s registered email/phone.
- No fees or network delays apply.
Key Considerations
- Network Fees: Paid to blockchain miners; higher fees speed up transactions.
- Supported Networks: Mismatched networks (e.g., ERC20 vs. TRC20) lead to lost funds.
- Minimum Limits: Vary by coin; check prompts during withdrawal.
OKX Leverage Trading Interest Rates
- Rates update hourly based on market demand.
- Formula:
Daily Rate = Average of Last 24h Base Rates. - Interest locks for 24h before recalculation.
- Example: BTC’s rate might shift from 0.02% to 0.01% daily.
FAQ
Q1: Why is my withdrawal pending?
A1: Blockchain confirmations take time. Track progress via TXID.
Q2: Can I cancel a withdrawal?
A2: Only if pending. Go to "Withdrawal History" and click "Cancel".
Q3: What if I send coins to the wrong address?
A3: Recovery is unlikely. Always verify addresses before submitting.
Final Notes
Leverage trading amplifies both gains and risks. Beginners should master risk management strategies before engaging. For secure transactions, stick to verified networks and double-check all details.