Ultimate guide on how to transfer
USDCoin (USDC) from Private: Simex to OKCoin

Step by step guide on how to withdraw USDCoin (USDC) from your account on Simex

Simex is a user-friendly exchange platform that allows both Fiat and crypto-to-crypto transactions.

Here are the steps on how to process USDCoin (USDC) withdrawal from Simex:

  1. Withdrawing Fiat money from Simex
  2. Withdrawing USDCoin (USDC) from Simex

Go to https://simex.global/en and log into your account

Select “Withdraw” from the Finance tab.

1. How to withdraw Fiat money from your account on Simex

To withdraw funds, update your bank details first in your “Withdraw Accounts” page.

From the “Withdraw” page, select the financial account you wish to withdraw funds from. Enter the amount you want to withdraw, and select the method you wish to use. Once done, click the “Next” button.

For RUB, Visa & MasterCard debit cards, Yandex, Money, Webmoney RUR are allowed and for USD, Wire Transfer is offered.

Withdrawal requests are processed within 24 hours. Funds transfer to your bank debit card may take up to 5 business days.

Good job! You have just withdrawn Fiat money from your account.

 

2. How to withdraw USDCoin (USDC) from your account on Simex

Open the “Withdraw” page in your Finances tab, and choose the financial account you wish to withdraw funds from.

Enter the desired sum you want to withdraw. Select the method you prefer to use to complete the withdrawal and press the “Next” button.

Digital wallets are processed online in real time, unlike Fiat money which takes up to five business days.

Congratulations! You have successfully withdrawn USDCoin (USDC) from your account.

Step by step overview on how to deposit USDCoin (USDC) on OKCoin

With OKCoin, you can deposit cryptocurrencies like USDCoin (USDC) as well as Fiat money.

Here are the steps on how to deposit funds on your registered and confirmed OKCoin account:

  1. Deposit USDCoin (USDC) on OKCoin
  2. Deposit Fiat money on OKCoin

Click here to open the exchange site.

You have three options when logging in. As shown on the image below, you can log in using your linked phone number, registered email address, and sub-account.

In this example, we are logging in using the email address and password I’ve filed for OKCoin.

Once logged in, you will see the “My Wallet” page where you can see available tokens. To deposit, click on “Token Deposit” from your selected USDCoin (USDC) or currency.

1. Deposit USDCoin (USDC) on your OKCoin account

For USDCoin (USDC) deposit, select your USDCoin (USDC) under “Token Deposit”. We are using Bitcoin in this example.

Copy the current deposit address or select your wallet address by clicking on “Address history.” It is a must to copy the correct address before submitting the transaction. Otherwise, you may lose control of your USDCoin (USDC) as it can no longer be reverted.

You can check your balance by clicking on the “Balance” menu available on the right side of the page.

Excellent! You have deposited USDCoin (USDC) on your OKCoin account.

 

2. Deposit Fiat money on your OKCoin account

For Fiat money deposit, select your currency under “Token Deposit”. We are using USD in this example.

Choose your bank of deposit and enter your desired amount (as per latest update, the minimum is USD100; maximum depends on your KYC level). Read OKCoin’s terms of service and check the box, then click on “Submit.” After submission, you will be redirected to the deposit confirmation page which shows the details of the beneficiary bank.

Make sure to complete the deposit within 72 hours, or the request will be canceled. It is a must to enter all the required information of the beneficiary bank as instructed in order not to lose your money.

Note: KYC level 2 is required for USD deposit as shown on the image below.

Fantastic! You have deposited Fiat money on your OKCoin account.

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