Complete Guide: How to Withdraw Cryptocurrency via Blockchain Network

Withdrawing digital assets via blockchain is an important operation for any cryptocurrency investor. In this guide, we will walk through the process of withdrawing funds via blockchain step-by-step so you can safely transfer your assets to an external wallet.

Before starting, ensure that you have enabled two-factor authentication (2FA) and linked your email address. Blockchain withdrawals require additional security measures, so these prerequisites are mandatory.

Preparation: verifying your account and wallet addresses

The first thing to do is to make sure you can withdraw funds. The assets available for withdrawal are on your account’s financial balance. If you have funds on other accounts (for example, a trading account), transfer them first to your financial account.

To perform a blockchain withdrawal, you will need the recipient’s wallet address. You can use an address saved in your address book or add a new address. It is recommended to double-check the address several times before confirming, as an error could lead to loss of funds.

If you are adding a wallet address for the first time, use the address addition feature in your profile. The system may ask for confirmation of the new address for security reasons. Some platforms add new addresses to a “whitelist” after verification, allowing withdrawals to that address without requiring additional 2FA in the future.

Step-by-step withdrawal process: from selecting the coin to sending

Step 1: Navigate to the withdrawal page

Open the assets or wallet section of your account. Find the “Withdraw” option and go to the corresponding page. Alternatively, you can find the desired coin in your assets list and click the withdrawal button next to it. In any case, make sure you are on your financial account, not on the trading interface.

Step 2: Select the coin and recipient address

Choose the cryptocurrency you want to withdraw. Then specify the wallet address to which the funds will be sent. You can select a previously saved address from your history or manually enter a new address. Triple-check the address at this stage, as errors can result in lost funds.

Step 3: Choose the blockchain network

At this stage, select which blockchain network you want to use for the transfer. Many cryptocurrencies offer multiple options (e.g., mainnet, layer 2, or other compatible networks). Each network has different withdrawal fees.

The fee depends on the current network congestion. During high activity periods, fees can be significantly higher. Choose a network considering the balance between transaction speed and fee size.

Step 4: Enter the withdrawal amount

Specify the amount of cryptocurrency you want to withdraw. The platform will display the minimum withdrawal limit for the selected coin and network. If you want to withdraw all funds, use the “All” button. Check the displayed daily and monthly withdrawal limits — these restrictions help protect your account from unauthorized access.

Step 5: Confirm withdrawal details

Before submitting, review all withdrawal parameters: amount, recipient address, blockchain network, and fee size. After verifying, click the confirmation button. The system will redirect you to the final confirmation page.

Verification and security during withdrawal

Two-step verification

If the wallet address is not in your whitelist, you will need to complete two verification steps. First, you will receive an email with a confirmation code at your registered email address. Enter this code in the appropriate field on the confirmation page.

Next, you must enter a 6-digit code from your Google Authenticator app or another compatible 2FA app. This two-layer security system significantly reduces the risk of unauthorized withdrawals if your password is compromised.

Whitelisted addresses

If your address has been verified and added to the withdrawal whitelist, you won’t need to go through 2FA verification each time you withdraw to that address. This is convenient for regular operations, but ensure that only addresses you truly own are added to the whitelist.

Final submission

After entering the email code and 2FA code, click the submit button. If all codes are correct, the system will send your withdrawal request. You should see a confirmation that the request has been accepted.

Important points: fees, limits, and special requirements

Withdrawal fees and processing times

Withdrawal fees vary depending on the blockchain and current network congestion. These fees go to network validators, not the platform. Under normal conditions, processing takes from a few minutes up to half an hour, but during high network load, it can take an hour or longer.

Daily and monthly limits

Each platform sets daily and monthly withdrawal limits. These limits depend on your account verification level. To change limits, usually, you can do so in your account management or security settings.

Special requirements for certain cryptocurrencies

Some cryptocurrencies require additional parameters for correct withdrawal. For example:

• XRP (Ripple) requires a destination tag
• XLM (Stellar) requires a memo
• XEM (NEM) and XYM (Symbol) also use special identifiers

If you forget to include the required tag or memo, your funds may be sent but not credited to the recipient address, leading to delays and recovery difficulties.

Checking emails and confirmation codes

If you do not receive the confirmation email, check your spam folder. The confirmation code is only valid for five minutes, so act quickly. If the code expires, request a new one and repeat the process.

Completing the blockchain withdrawal

After clicking the send button, your cryptocurrency withdrawal request via blockchain is considered accepted. You will receive a notification with the transaction ID, which can be used to track the status on a blockchain explorer.

Remember, the speed depends on the chosen blockchain network. If you are in a hurry, select networks with lower congestion, even if fees are slightly higher. Spending extra on fees often pays off by avoiding unnecessary delays when working with blockchain assets.