How to withdraw RMB through OK Exchange? Detailed step-by-step instructions

OK Exchange is a globally recognized cryptocurrency trading platform, and many Taiwanese users trade cryptocurrencies on the platform. If you are earning money on OK Exchange and want to withdraw RMB, this article will provide you with detailed instructions on how to do so. We will help you understand how to withdraw RMB from OK Exchange to your bank account and avoid common pitfalls and problems with this step-by-step tutorial. Whether you're new to OK Exchange or looking to optimize your withdrawal process, this article will provide you with practical advice and tips.

Step 1: Ensure authentication is complete

Before withdrawing RMB on OK Exchange, you first need to complete identity verification. This is a standard process for most cryptocurrency trading platforms and an important measure to ensure the safety of funds.OK Exchange requires users to undergo KYC (Know Your Customer) identity verification, not only to comply with regulatory requirements, but also to enhance the security and convenience of withdrawals.

How do I complete my identity verification?

1. After logging in to your OK Exchange account, click on "Personal Information" in the upper right corner.
2. In the "Authentication" option, fill in the relevant personal information, including your real name, ID card number and expiration date.
3. Submit front and back photos of your ID card and a selfie of you holding the card and wait for review.

Usually, the identity verification will be completed within 1-3 business days. After completing the identity verification, you will be able to carry out the withdrawal operation smoothly.

Step 2: Convert Cryptocurrency to RMB

OK Exchange supports trading and withdrawals of many cryptocurrencies, but before withdrawing RMB, you must first convert your cryptocurrency (e.g. Bitcoin, Ether, etc.) to RMB. This process can be done through OK Exchange's trading pairs.

How do I exchange currency?

1. After logging in to your account, click on the "Currency Trading" option and select the cryptocurrency you wish to sell (e.g. Bitcoin BTC) and the corresponding trading pair (e.g. BTC/USDT).
2. Set the transaction price and quantity, and select "Market" or "Limit" to trade.
3. After making a trade, your USDT (or other stable currency) will appear in your funding account.

Once you have converted your cryptocurrency to USDT (Stablecoin), you can move on to the next step, which is to withdraw RMB.

Step 3: Choosing the right withdrawal method

OK Exchange offers a variety of withdrawal methods, including bank transfers, third-party payment platforms, etc. For users in Taiwan, the most common method is to withdraw funds via a RMB bank card. It is very important to choose the right withdrawal method because each method has different handling fees and processing time.

Withdrawal options:

1. Bank Card WithdrawalThis is the most direct way to withdraw funds from your account, and it supports most banks in mainland China, including ICBC, China Construction Bank, and so on. Usually the withdrawal time is 1-3 business days.
2. Payment Platform Withdrawal: such as Alipay or WeChat Pay, you can quickly withdraw funds to your payment account, suitable for small amounts of money that need to be withdrawn quickly.

When choosing a withdrawal method, please make sure that the selected bank or payment platform matches the withdrawal channels supported by OK Exchange.

Step 4: Withdrawal Procedure

Once you have completed the authentication process and selected a withdrawal method, you can start withdrawing your funds. the withdrawal process on OK Exchange is simple and intuitive, and the following are the steps to follow:

How to withdraw RMB?

1. Go to the OK Exchange homepage and click "Funds" in the upper right corner.
2. On the Funds page, select the Withdrawal option.
3. Choose the currency of withdrawal, here choose RMB (usually choose USDT or other stable currencies), then fill in the withdrawal amount.
4. Enter your bank card number or payment account number and confirm the binding is successful.
5. Finally, confirm the withdrawal amount and related information and click the "Submit Withdrawal" button.

Note: When withdrawing RMB from OK Exchange, there will be a certain handling fee. Depending on the withdrawal method and the withdrawal amount, the handling fee will be different and will usually be shown on the withdrawal screen.

Step 5: Wait for withdrawal completion and confirmation

After submitting the withdrawal request, you need to wait patiently for the withdrawal process to complete. Usually, it takes 1-3 business days for bank card withdrawals, and faster for third-party payment platforms.

Post Presentation Notes:

1. Enquire about the status of withdrawalsYou can check the status of your withdrawals on the "Funds" page of OK Exchange to see if your funds have been successfully processed.
2. Withdrawal Confirmation: You will receive an email or SMS notification when the withdrawal has been processed and the funds will be credited directly to your bank card or payment platform account.

If you encounter any problems during the withdrawal process (e.g. delayed withdrawals), you can contact OK Exchange's customer service for inquiries or assistance.

Step 6: Pay Attention to Withdrawal Limits and Risk Management

Although OK Exchange offers a variety of convenient ways to withdraw funds, there are still some risks and restrictions to be aware of when doing so.

Withdrawal restrictions:

1. Withdrawal Limit: Depending on your KYC certification level, OK Exchange may set a daily or monthly withdrawal limit. If this is your first time withdrawing funds, it is recommended that you understand these limits first to avoid a situation where you may not be able to withdraw funds due to an excessive amount of money.
2. Handling Fee: Handling fees during the withdrawal process vary depending on the withdrawal method. Usually, third-party payment platforms have lower fees, but you need to be aware of the risks associated with payment platforms.

Risk Management:

1. Choose a trusted withdrawal channel: Ensure that the bank or payment platform you choose is legally compliant and avoid withdrawing funds to an untrusted account.
2. Protecting Account Information: To avoid account theft, please change your exchange login and withdrawal passwords regularly, and activate 2FA to enhance account security.

Conclusion

In the process of withdrawing RMB on OK Exchange, although each step may seem simple, you need to follow the correct procedure in order to ensure the safety and smooth operation of the transaction. First of all, complete the identity verification, then convert cryptocurrency to stable currency, then choose the suitable withdrawal method, and finally wait patiently for the withdrawal to complete. Through this detailed step-by-step guide, we hope you can successfully complete the RMB withdrawal operation on OK Exchange and enjoy a convenient cash flow experience.