Managing your cryptocurrency assets wisely includes knowing how to access your funds when needed. If you've invested USDT in savings products on major exchanges like Binance or OKX, understanding the withdrawal process is essential. This guide walks you through how to redeem your USDT from both platforms, compare their interest rates, transfer funds between exchanges, and maximize your returns—all while maintaining full control over your digital assets.
Understanding Crypto Savings Accounts
Crypto savings accounts allow users to earn passive income by lending or staking their digital assets. On exchanges like Binance and OKX, these are often labeled as “Earn,” “Savings,” or “Simple Earn” products. While convenient, many new users struggle with one key question: How do I actually get my money back?
Unlike regular spot wallets, funds placed into savings products are not immediately transferable. They must first be redeemed before they can be moved or withdrawn. Let’s break down the exact steps for both platforms.
How to Withdraw from Binance Savings
To redeem your USDT from Binance’s savings account:
- Tap the 【Funds】 tab at the bottom right.
- Select 【Finance】 (or 【Earn】) at the top.
- You’ll see two views: By Asset and By Product. Choose By Product to view all active investments.
- Locate your USDT savings product (e.g., "Stablecoin Savings" or "Protected").
- Tap on the specific plan and select 【Redeem】.
- Choose 【Max】 to withdraw all funds.
- Decide whether to redeem to your Funding Account or Spot Account.
- Confirm the transaction.
👉 Learn how to maximize your crypto earnings with flexible savings options.
Once confirmed, your USDT will be available in your selected wallet within seconds. From there, you can trade, withdraw, or transfer it freely.
⚠️ Tip: Avoid enabling Auto-Subscribe unless you want idle funds automatically reinvested. This feature can make it harder to track active balances.
How to Redeem from OKX Earn Products
The process on OKX is similarly straightforward:
- Go to 【Assets】 in the app’s lower-right corner.
- Tap 【Earn】 > 【Simple Earn】.
- Under Products, find your USDT investment under “Flexible” or “Locked” savings.
- Click on the USDT entry and select 【Redeem】.
- Choose 【All】 to withdraw the full amount.
- Select destination: Funding Account or Trading Account.
- Confirm redemption.
You’ll receive a success notification once completed. The funds are now accessible for trading or withdrawal.
OKX stands out with hourly interest accrual, meaning you start earning almost immediately after depositing—unlike some platforms that require a 24–48 hour waiting period.
Frequently Asked Questions
Q: Can I transfer money directly from a savings account to another exchange?
No. Savings accounts lock your funds for earning purposes. You must first redeem them to your funding or spot wallet before initiating any external transfers.
Q: How long does redemption take on Binance and OKX?
Both platforms process redemptions instantly for flexible products. However, locked-term products may have maturity periods ranging from 7 to 30 days.
Q: Is there a fee for redeeming crypto from savings?
No. Redemption itself is free on both Binance and OKX. However, standard blockchain withdrawal fees apply if you later send funds off-platform.
Q: What happens if I use the wrong network when transferring USDT?
Using an incorrect network (e.g., sending via ERC-20 instead of TRC-20) may result in permanent loss of funds. Always double-check network compatibility before confirming.
Q: Are crypto savings accounts safe?
While reputable exchanges implement risk controls (like margin calls and liquidations), they don’t guarantee principal protection. However, stablecoins like USDT carry lower volatility risk compared to other cryptocurrencies.
Comparing Binance vs OKX Interest Rates
When choosing where to park your idle USDT, interest rates matter. Here's how the two platforms compare:
- Binance: Offers an average annual percentage yield (APY) of around 4.13% on flexible USDT savings.
- OKX: Provides up to 8.68% APY on similar products—more than double Binance’s rate.
Additionally:
- OKX rewards the first 1,000 USDT deposited with a 10% bonus rate, while Binance offers only 5% on the first 500 USDT.
- OKX distributes interest hourly, whereas Binance pays out daily but starts counting only after a 2-day settlement delay.
👉 Discover high-yield crypto earning opportunities with real-time payouts.
Even after OKX deducts a 15% service fee from interest earnings, net returns still exceed those on Binance due to higher base rates and faster compounding.
Transferring USDT from Binance to OKX
Want to move your funds to take advantage of better yields? Follow these steps:
Step 1: Get Your OKX Deposit Address
- In OKX, go to 【Assets】 > 【Deposit】.
- Select USDT as the coin.
- Choose the TRON (TRC-20) network (recommended for low fees).
- Copy the deposit address.
Step 2: Initiate Withdrawal from Binance
- On Binance, tap 【Funds】 > 【Withdraw】.
- Select USDT, then choose Blockchain Transfer.
- Paste the OKX address.
- Select TRON (TRC-20) as the network—this must match!
- Enter amount (e.g., 10 USDT). Note: ~1 USDT covers network fees.
- Confirm withdrawal.
Processing usually takes under 5 minutes. Once confirmed on-chain, OKX will credit your account.
✅ Pro Tip: Always test with a small amount first to ensure address and network accuracy.
Maximizing Returns with OKX Simple Earn
OKX’s Simple Earn functions like a peer-to-loan marketplace: users lend their crypto, borrowers take loans (often secured by collateral), and lenders earn interest. For USDT holders, this creates a low-risk income stream.
Key advantages:
- No lock-up periods for flexible plans.
- Hourly interest crediting—earn from the next hour after deposit.
- Risk management via automatic liquidation of undercollateralized loans.
To boost returns:
- Subscribe up to the first 1,000 USDT to capture the enhanced bonus rate.
- Use the 【Max】 button to allocate available balance quickly.
- Monitor rates weekly; shift funds between products for optimal yield.
👉 Start earning competitive yields on your idle crypto today.
Final Thoughts
Whether you're redeeming funds for spending, transferring between platforms, or optimizing yield strategies, understanding how to manage your crypto savings is crucial. While both Binance and OKX offer reliable services, OKX currently leads in terms of higher interest rates, faster payout frequency, and more generous incentive programs for new deposits.
By mastering redemption workflows and leveraging inter-exchange transfers wisely, you can keep your capital working efficiently across the evolving digital asset landscape.
Always remember: control starts with knowledge—and every dollar saved in fees or earned in extra interest brings you closer to financial independence in the crypto economy.