Making a deposit in UAE Dirhams (AED) into your account is a straightforward process through bank transfer. This guide covers how to complete the transaction via the OKX website or mobile app, along with important details to ensure a smooth experience.
Currently, AED transfers to local banks are available only to customers based in the United Arab Emirates (UAE). Before starting, make sure you have access to your online banking platform and the necessary account details.
How to Make an AED Deposit via Bank Transfer
You can fund your OKX account using a bank transfer from your personal AED-denominated bank account. The process is similar whether you use the website or the mobile application.
Using the Website
- Log in to your OKX account on the official website.
- Go to the Assets section and select Deposit.
- Under fiat deposit options, choose UAE Dirham (AED).
Using the Mobile App
- Open the OKX app on your mobile device.
- Tap on Deposit and then select Deposit AED.
Once you’ve selected the deposit method, you’ll need to add and confirm your bank account information.
Adding Your Bank Account for Transfers
To deposit AED via bank transfer, you must first add your bank account details to your OKX profile.
- On the deposit screen, select Add Account.
Enter the required bank account details, including the account holder’s name and IBAN.
- You can link up to 5 different bank accounts.
- After adding your account, you will see detailed instructions for completing the deposit.
It’s important to note that the IBAN provided is unique to your OKX account. Any funds sent to this IBAN will be credited to your AED balance on OKX.
👉 Learn how to complete your first transfer
Important Notes for AED Bank Transfers
Before initiating a transfer, keep these guidelines in mind:
- Only transfers from UAE local banks are accepted. Deposits from cryptocurrency exchanges, international payment services (such as Revolut or Wise), or e-wallets (like e& money, Careem Pay, or Ziina) are not supported.
- The name on your OKX account must exactly match the name on the bank account from which you are sending funds. Third-party transfers will be rejected.
- OKX does not charge any deposit fees for AED bank transfers. However, your bank may apply transfer fees.
- Transfers are usually processed promptly, but delays may occur due to banking system maintenance or technical issues.
- Only AED transfers are accepted. Transfers in other currencies will be rejected and returned.
- Some banks may impose a holding period of up to 2 hours when adding a new beneficiary.
Frequently Asked Questions
Why don’t I see the “Deposit AED” option?
This feature is available only in certain regions due to local regulations. If you do not see this option, it may not be supported in your area.
Why are only specific payment methods available?
Available payment methods are determined based on your verified location and local laws. OKX uses the information provided during identity verification to offer compliant deposit options.
What does “Fiat deposit unavailable” mean?
This message indicates that fiat currency deposits are not currently supported in your region.
Why is identity verification required for deposits?
Identity verification helps OKX comply with regional financial regulations, enhance platform security, and determine suitable payment methods for users.
How can I view my fiat deposit history?
You can check your deposit history:
- On the website: Go to Assets → Deposit → All Deposit History.
- In the app: Navigate to Portfolio → Transactions → Fiat Deposit.
Making an AED deposit via bank transfer is a secure and efficient way to fund your account, provided you follow the outlined steps and requirements. Always double-check account details before confirming a transaction.
For more tips on managing deposits and understanding transaction statuses, 👉 explore our detailed guide here.