You can deposit and withdraw GBP and EUR funds from your account using either a SEPA bank transfer or Faster Payment Service (FPS) transfer.
Whether you want to deposit or withdraw using a bank transfer, you must initiate a deposit first. This verifies your bank account details for future transactions. The transfer must be initiated with your payment provider using your unique Okcoin account details. Bank transfers are subject to your deposit limits.
Depending on your payment provider and transfer type, transfer fees may differ. We do accept instant SEPA transfers. Funds will usually be available within 0-2 business days after a SEPA transfer is initiated or within the same day a FPS transfer is initiated.
How to initiate a local bank transfer
1. Select Deposit from the home screen
2. Select bank transfer as your payment method
The type of bank transfer depends on the currency used for the transfer. For EUR, it'll be a SEPA bank transfer. For GBP, it'll be a FPS transfer.
3. Follow our instructions and initiate a transfer
We'll provide instructions and important transfer details unique to your Okcoin account. These details will allow you to transfer money from your payment provider to your Okcoin account. Transfer limits depend on your bank and channel.
4. Copy and paste the transfer details from Okcoin to your payment provider
Note: The name you use for your financial account must match your name on your Okcoin account.
Please ensure your transfer details are correct on your transfer request. After you've completed a transfer to your Okcoin account, you can submit additional transfers to your Okcoin account directly from your payment provider in the future. You’ll receive a confirmation email once your deposit has been processed.
Note: The term “deposit”, as used here, means transferring fiat from your bank account into your Okcoin account. Okcoin is not carrying out, and does not intend to carry out, any deposit-taking business.