09-28-2022, 12:59 PM
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The cryptocurrency market is booming, and it's no surprise that many people are starting to invest in various coins. You might have already bought some, but what about withdrawing those funds? That's the tricky part! In this guide, I will explain how to withdraw funds from different exchanges and which allows you to do that. Let's get started!
After you place an order, you need to withdraw funds from the exchange.
Now that you have money on the exchange, you need to make sure your funds are available for withdrawal. Before you can withdraw funds from an exchange:
To withdraw crypto coins from an exchange:
The only exchanges allowing withdrawals are Poloniex and Cex.io
At the time of writing, only two exchanges allow funds withdrawal: Poloniex and Cex.io.
Poloniex is a crypto-only exchange that doesn't accept fiat deposits. This isn't the right place for you if you're looking to trade or transfer your dollars or euros into cryptocurrency.
Cex.io accepts fiat deposits and allows withdrawals in either Bitcoin (BTC) or Ethereum (ETH). However, their high withdrawal fees make them an inferior choice compared to other exchanges such as Binance or KuCoin, which allow much faster transfers at a lower cost
That's it for the list of exchanges allowing withdrawals. Remember to double-check that your exchange has the withdraw option before making any deposits or sending money to them.
After you place an order, you need to withdraw funds from the exchange.
Now that you have money on the exchange, you need to make sure your funds are available for withdrawal. Before you can withdraw funds from an exchange:
- It would help if the exchange verified you. This is a process in which the exchange verifies your identity using a government ID and then ensures that your account meets their regulatory requirements (for example, no more than $10k worth of cryptocurrency per day).
- It would help if you had a cryptocurrency wallet associated with your account on the exchange. This is where funds will be sent when they are withdrawn from an exchange onto another platform or back into fiat currency such as USD or EURO.
To withdraw crypto coins from an exchange:
- Send crypto coins/tokens from your account on Binance (or any other crypto-only trading platform) to another platform like Coinbase, where they can be exchanged for cash/fiat money! There are many ways this could happen, but one common way would be going through ShapeShift, which lets users convert between different types of cryptocurrencies without having any accounts anywhere else except at Binance itself (which would probably make sense because most people don't want all their eggs in one basket).
The important thing about sending crypto coins/tokens like Bitcoin Cash ABC instead of actual cash dollars like Euro - Euros cannot be sent back after being converted into "Bitcoin Cash ABC"! When converting cash dollars into bitcoins, this happens automatically; however, there may still be some small fees associated with exchanging currencies, depending on what type you choose. Some volatility risk will also be involved if market conditions change quickly enough."
The only exchanges allowing withdrawals are Poloniex and Cex.io
At the time of writing, only two exchanges allow funds withdrawal: Poloniex and Cex.io.
Poloniex is a crypto-only exchange that doesn't accept fiat deposits. This isn't the right place for you if you're looking to trade or transfer your dollars or euros into cryptocurrency.
Cex.io accepts fiat deposits and allows withdrawals in either Bitcoin (BTC) or Ethereum (ETH). However, their high withdrawal fees make them an inferior choice compared to other exchanges such as Binance or KuCoin, which allow much faster transfers at a lower cost
That's it for the list of exchanges allowing withdrawals. Remember to double-check that your exchange has the withdraw option before making any deposits or sending money to them.