Simple Guide: How to Withdraw Cryptocurrency via Blockchain

If you want to withdraw your crypto assets to an external wallet via blockchain, you are in the right place. In this guide, we will walk through the entire withdrawal process step-by-step so you can perform this operation safely and correctly.

It’s important to remember that there is an alternative method for transferring funds — internal transfers between accounts on the same platform. If you’re interested in that, you can find the relevant information in a separate guide.

What You Need to Know Before Withdrawal

Before starting the withdrawal process, make sure you have everything you need. First, to submit a withdrawal request via blockchain, two-factor protection is required: email verification and Google Authenticator. This is to protect your funds from unauthorized access.

Second, keep in mind that all withdrawals can only be made through a funding account. If you have available funds on other account types, you need to transfer assets to your main funding account first. After that, you can proceed with the withdrawal.

Also, note that for some cryptocurrencies (e.g., XRP, XLM, XEM), you need to specify a special tag or memo when withdrawing. Ignoring this requirement may lead to delays in processing your request.

Step-by-Step Crypto Asset Withdrawal Process

Step 1: Access the Withdrawal Page

Start from your account’s main page. In the top right corner, find the “Assets” section and click on it. A page will open where you can select “Withdraw.” Alternatively, go to your funding account, find the desired cryptocurrency in the assets list, and click the “Withdraw” button next to it.

Step 2: Select Coin and Recipient Address

On the withdrawal page, choose the cryptocurrency you want to withdraw. Then, enter the recipient wallet address. You have several options:

• Manually type the wallet address directly into the input field
• If you have saved addresses from previous transactions, select the desired one from the list
• If this is your first withdrawal or you want to add a new address, use the option to add an address to your address book

When adding a new withdrawal address, follow security recommendations and carefully verify the address before confirming.

Step 3: Choose Blockchain Network

The next important step is selecting the network through which the withdrawal will be processed. Different blockchains have different fees and processing times. When choosing the network, the system will display the withdrawal fee for each available blockchain. Consider this information when making your decision.

Step 4: Enter Withdrawal Amount

Input the amount of crypto assets you wish to withdraw. If you want to withdraw all available funds, click the “All” button to automatically fill in the maximum available amount.

Pay attention to the minimum withdrawal limit for the selected cryptocurrency and blockchain network — this information will be shown on the page. On the right, you will also find information about daily and monthly withdrawal limits. If you need to change these limits, follow the instructions in the relevant help section.

Step 5: Confirm the Operation

After verifying all details, click the “Confirm” button. You will be redirected to the withdrawal confirmation page. At this stage, everything depends on the status of your address. If the wallet address has not been previously verified and added to the “Whitelist of Withdrawal Addresses,” you will need to complete two-factor verification. If the address is already whitelisted, you can skip additional verification.

Verification and Security During Withdrawal

Email Verification

At the final confirmation stage, an email with a verification code will be sent to your registered email address. Open this email and find the six-digit code. Enter this code into the appropriate field on the confirmation page. Note that the code is only valid for five minutes from the time of sending, so act promptly.

If the email does not arrive in your main inbox, check your spam or junk folder. Sometimes, emails with codes are mistakenly filtered there.

Google Authenticator Verification

After email verification, you will need to enter the six-digit security code from the Google Authenticator app. Open the app on your device, find the six-digit code associated with your account, and enter it.

Completing the Process

After entering both codes, click the “Send” button. Your withdrawal request will be successfully submitted for processing, and you will receive confirmation.

Processing Time and Possible Scenarios

Blockchain cryptocurrency withdrawals can take up to thirty minutes or even an hour, depending on network conditions. During peak network loads, processing may take longer than usual. The platform supports instant withdrawal technology; however, the final confirmation time depends directly on the blockchain’s throughput and network traffic at the time of withdrawal.

Remember, if you are withdrawing coins that require a tag or memo, do not forget to include it. Omitting this step can significantly delay your withdrawal processing.

Now you are fully prepared to withdraw your crypto assets via blockchain. By following this guide, you can perform the withdrawal safely and correctly.