Withdrawing crypto assets from Binance to OKX is a common need for traders diversifying across platforms. This guide provides a step-by-step breakdown of the process while ensuring security and network compatibility.
Key Terminology
- Internal Transfer: Free transfers between Binance accounts using email/phone/ID.
- Blockchain Withdrawal: Requires recipient wallet addresses and incurs network fees.
Step-by-Step Withdrawal Process
1. Select Your Cryptocurrency
- Log in to Binance (website or app).
- Navigate to Wallet > Fiat and Spot > Withdraw.
- Choose your desired coin (e.g., USDT).
2. Choose Withdrawal Method
- For OKX deposits, select Blockchain Transfer.
- Enter the withdrawal amount.
3. Enter OKX Deposit Address
- Open OKX and go to Assets > Deposit for your chosen coin.
- Copy the deposit address from OKX.
- Paste it into Binance’s recipient address field.
⚠️ Critical Check: Ensure the network chain (e.g., ERC-20, TRC-20) matches between Binance and OKX. Mismatched networks may result in permanent loss of funds.
Network Fees and Processing Time
| Network | Average Fee | Processing Time |
|---|---|---|
| ERC-20 | $10–$25 | 5–30 minutes |
| TRC-20 | $1–$2 | Instant–5 minutes |
| BEP-20 | $0.10–$0.50 | 1–3 minutes |
👉 Compare current fees across networks
Security Tips
- Double-check addresses: Always verify the first and last 4 characters.
- Test with a small amount: Send a minimal transaction first.
- Enable 2FA: Use Google Authenticator for withdrawals.
FAQ Section
Q1: Why is my withdrawal still pending?
A: Binance processes withdrawals manually during high traffic. Check email for confirmation requests.
Q2: Can I cancel a withdrawal?
A: Only possible if status is "Processing." Contact support immediately.
Q3: What’s the minimum withdrawal amount?
A: Varies by coin. USDT minimums:
- ERC-20: 25 USDT
- TRC-20: 1 USDT
Q4: How do I find my OKX deposit history?
A: OKX > Assets > Deposit > Search by TXID or coin.
Why Transfer Between Exchanges?
- Arbitrage opportunities: Price differences between platforms.
- Feature diversification: OKX’s advanced derivatives vs. Binance’s liquidity.
- Risk management: Avoid keeping all funds on one exchange.
Pro Tip: Bookmark Binance and OKX’s official blockchain explorer links to track transactions in real-time.