Blockchain is a fund withdrawal technology: a complete guide to crypto asset withdrawals

If you want to withdraw your digital assets, understanding how blockchain works is the first step to a safe and efficient transfer of funds. In this guide, we will walk through the entire process of withdrawing cryptocurrencies via the blockchain network step-by-step so you can manage your assets independently.

What You Need to Know Before Withdrawing Assets via Blockchain

Before starting the operation, make sure you have:

• Two-factor authentication (2FA) enabled
• Verified email address
• Added the recipient wallet address

Important Conditions:

• All withdrawal operations are performed exclusively from the main financial account
• If you have funds on other accounts, transfer them to the main funding account beforehand
• For coins requiring additional identifiers (XRP, XLM, XYM, XEM), be sure to specify the tag or memo — skipping this step will lead to processing delays
• Blockchain is a decentralized system, so the speed of execution depends on the current network load

Detailed Withdrawal Instructions

Step 1: Select Asset and Destination

First step. Go to the “Assets” section in the upper right corner of the screen, then open the “Withdrawal” page. Alternatively, on the financial account page, find the desired cryptocurrency and click the “Withdraw” button next to its name.

Second step. Specify the cryptocurrency to withdraw and determine the recipient wallet address. You have three options:

• Manually enter the address in the appropriate field
• Choose an address from a previously saved list
• Add a new wallet address to your address book

If you are performing this operation for the first time and addresses are not yet added, use the “Add” function to register the destination address. This ensures you won’t make mistakes when entering the details.

Step 2: Choose Network Parameter and Amount

Third step. Decide on the blockchain network type for the transaction. The system will display the withdrawal fee for each available network, helping you choose the most economical option.

Fourth step. Set the amount to withdraw. You can specify a specific sum or select the “All” option for a full balance withdrawal. On the screen, you will see:

• Minimum withdrawal limit for the selected cryptocurrency and network
• Daily transaction limit
• Monthly transaction limit

If you need to change the limits, follow the relevant instructions in the help system.

Step 3: Confirmation and Verification Process

Fifth step. Click the “Confirm” button, and you will be redirected to the final confirmation page.

Sixth step. If the destination address is not in your “Whitelist,” you will need to complete two-step verification:

• Enter the confirmation code sent to your registered email address (valid for 5 minutes)
• Enter the 6-digit code from the Google Authenticator app

If the address has already been added to your trusted list previously, the 2FA step is skipped, and you can proceed directly to submit the request.

Seventh step. Fill in the email confirmation code received in your email.

Eighth step. Enter the 6-digit security code from Google Authenticator.

Final step. Click the “Send” button. Your crypto withdrawal request has been successfully submitted to the system!

Address Verification and Security of Blockchain Operations

Blockchain is an open network, so protecting the recipient address is extremely important. To add an address to your trusted list (Whitelist), follow the address verification procedure. This will allow you to send funds in the future without additional confirmation steps.

Remember:

• Enter addresses correctly — errors in wallet addresses can lead to irreversible loss of funds
• For cryptocurrencies requiring identifiers (XRP needs a tag, XLM needs a memo), providing these parameters is mandatory
• Check your spam folder for confirmation emails if the standard email does not arrive

Processing Times and Frequently Asked Questions

Withdrawal processing time can range from 30 minutes to one hour. During periods of high network activity, times may increase.

Key points:

• The confirmation email is valid only for 5 minutes from the time of sending
• Processing depends on the current activity of the blockchain network
• The minimum withdrawal amount depends on the selected cryptocurrency and network
• Transaction fees vary depending on network congestion

Blockchain is a reliable system for managing your assets if you follow all security requirements. By following this guide, you will be able to smoothly withdraw crypto assets to any wallet address verified and added to your address book.