You can easily withdraw Australian Dollars (AUD) from your OKX account directly to your bank account. Currently, AUD local bank transfers are exclusively available for Australian customers.
Step-by-Step Guide to AUD Withdrawals
Web Browser Method
- Log in to your OKX account at okx.com. Navigate to Assets and select Withdraw.
- Choose Australian Dollar (AUD) as your withdrawal currency.
- Select your preferred withdrawal method, enter the amount, and click Next.
- Enter your authorization/SMS code and review the withdrawal details.
- Click Withdraw to complete the transaction.
👉 Need help with your first withdrawal? Here's a detailed guide
Mobile App Method
- Open the OKX app and go to Withdraw > Withdraw AUD.
- Select your withdrawal method and enter the desired amount.
- Confirm the details on the withdrawal preview screen.
- Enter your authorization/SMS code and tap Confirm to finalize.
Important Notes:
- First-time withdrawals require account ownership verification.
- No OKX fees apply for BSB/account number transfers (bank fees may apply).
- Funds typically arrive instantly, though initial withdrawals may take 1 business day.
Account Verification Process
To comply with Australian regulations, you must verify receiving account ownership during first withdrawals:
- Log in to OKX using your registered account.
- Follow the on-screen verification prompts (differs slightly between web/app).
Frequently Asked Questions
Why can't I see the "Withdraw AUD" option?
This feature has regional restrictions based on local laws. Your account may not currently qualify.
Can I withdraw during bank verification?
No. Withdrawals only proceed after successful account verification.
How do I check verification status?
Your bank account is verified once your first deposit processes successfully.
Where can I view withdrawal history?
- Web: Assets > Withdrawal > All withdrawals
- App: Portfolio > Transactions > Filter by "Cash withdrawal"
👉 Understanding OKX withdrawal limits and processing times
Why was my Wise transfer rejected?
Payment providers like Wise often block transactions from cryptocurrency exchanges.
Key Takeaways
- AUD withdrawals available for Australian users only
- Instant transfers after initial verification
- No platform fees for standard bank transfers
- Mobile and web withdrawal options available
Remember to always double-check your bank details before confirming withdrawals to avoid processing delays.