Complete SGD Withdrawal Guide
Withdrawing Singapore Dollars (SGD) from your OKX account to a local bank is streamlined for verified Singapore customers. Follow this step-by-step guide for seamless transactions via web or mobile app.
Step-by-Step Withdrawal Process
Via Web Browser
- Log in to your OKX account, navigate to Assets > Withdraw.
- Select Singapore Dollar (SGD) as the currency.
- Choose a verified bank account, enter the amount, and click Preview Withdrawal.
- Authenticate via SMS/authorization code and confirm the withdrawal.
👉 Pro Tip: Ensure your bank account is linked and verified beforehand to avoid delays.
Via Mobile App
- Open the OKX app, tap Assets > Withdraw > SGD.
- Select a pre-verified bank account (grayed-out accounts require verification).
- Enter the amount (minimum 10 SGD) and review details on the preview page.
- Complete authentication to finalize the withdrawal.
Key Requirements & Notes
- Eligibility: Only Singapore-based customers with verified accounts.
- Account Linking: Withdrawals are permitted only to bank accounts used for prior deposits.
- Exclusions: Services like GrabPay, Wise, and LifeSG are not supported for withdrawals.
- FAST Transfers: Withdrawals via FAST are processed instantly in Singapore.
Important:
- For PayLah!/Singtel Dash users, withdrawals reflect the linked phone number. Confirm your updated number to prevent errors.
- First-time withdrawals require ownership verification via a matching deposit.
Ownership Verification (First-Time Withdrawal)
To comply with regulations, verify account ownership by:
- Depositing SGD into OKX from the same bank account.
- The system auto-verifies the account upon successful deposit.
FAQs
1. Why can’t I withdraw SGD?
This feature is region-locked. If unavailable, your account may not meet geographical eligibility.
2. Can I withdraw during verification?
No. Complete verification first via a successful deposit.
3. How do I confirm my bank account is verified?
After depositing funds, your account status updates automatically.
4. Where can I view past withdrawals?
Check Withdrawal History under the Assets section on web/app.
👉 Need Help? Contact OKX Support for instant assistance.