Here is the direct answer: You do not need to specifically select "Exchange" as the recipient type. Getting the address and network right is far more important than choosing that option. OKX has also explained that this option mainly helps you distinguish whether the recipient is a platform or a wallet. Choosing it incorrectly will not affect whether your funds arrive.
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What really determines whether your withdrawal arrives is three other things: the coin, the network, and the address. If any one of these does not match, filling in the other information correctly will not help.
Core Principle: Matching Information Matters More Than Choosing a Category
When withdrawing to another exchange, the most important rule is that the coin and network chosen by both sides must be exactly the same.
Coin: If you withdraw USDT, the receiving platform must also accept USDT. This step usually does not go wrong.
Network: This is where problems most often happen. For example, if you choose the TRC20 network to withdraw USDT on OKX, but the other platform only gives you an ERC20 deposit address, the assets will be sent on-chain but will never reach your account, and may even be lost.
So, whichever chain the receiving platform shows on its deposit page, that is the chain you should select when withdrawing on OKX. Do not assume. Follow what the receiving platform displays.
Specific Steps for Withdrawing to an Exchange
You will understand clearly once you go through the process in the app:
Path: Open the OKX app, tap Assets → Withdraw → Withdraw crypto, and search for the coin you want to withdraw.
Recipient type: Here you will see the "Exchange" option. It is not required information. It is just a category label to help you organize your addresses. Choosing "Exchange" does make it easier to manage your address book, but it does not affect whether the transfer succeeds.
Key fields to fill in
Address: Copy and paste it from the other platform's deposit page. Check it carefully. Every single character must be correct.
Network: Choose the network that is exactly the same as the one shown on the other platform's deposit page.
Tag/Memo: Not always required, but first check whether the receiving platform needs it. For coins like XRP, EOS, and BNB, if the receiving platform requires a tag and you forget it or fill it in incorrectly, your funds will not arrive.
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Two Things You Must Pay Attention To
Risk warning 1: Never use an address someone sends you in a screenshot. Always copy it in real time from the receiving platform's deposit page. Some exchanges change their deposit addresses. Withdrawing to an old address may cause your assets to be lost.
Risk warning 2: If you enter the wrong Tag/Memo, your funds may not be credited properly. You will need to contact customer support and provide the transaction hash (TxID) and the correct tag information so engineers can process it manually. This can be very troublesome.
How to verify after completing the operation: After you submit the withdrawal, you will receive a transaction hash (TxID). Copy this TxID and check it on the block explorer for the network you selected. If the status is "Success," it means the transaction has been confirmed on-chain. After that, all you need to do is wait for the receiving platform to credit the funds to your account.
