Blockchain is a secure way to withdraw assets: a complete guide

Blockchain is a revolutionary technology that allows users to withdraw their funds directly, without intermediaries. We have prepared a detailed step-by-step guide to help you correctly execute asset withdrawals through the blockchain network. Before starting the process, we recommend reviewing key points that will ensure the security of your transactions.

Why Blockchain is the Optimal Choice for Withdrawals

Blockchain is a technology that provides direct transfer of funds to your wallet without delays associated with banking processing. Withdrawing assets via blockchain has several advantages: transactions are relatively fast (depending on network traffic), the process is fully transparent, and you have full control over your funds. This technology supports many cryptocurrencies and allows you to choose the most suitable blockchain network for your needs.

If you need to make an internal transfer to another account on the same platform, use the alternative internal transfer method.

Important Requirements Before Asset Withdrawal

Before starting the procedure, ensure that the following conditions are met:

• Your account must have a verified email address and enabled Google authentication
• Withdrawals can only be made from the funding account (if you have funds on other accounts, transfer them there first)
• You need to have available assets in the relevant cryptocurrency to send
• Remember the minimum withdrawal limits for each network

For some cryptocurrencies, such as XRP, XLM, XYM, and XEM, a special tag or memo must be specified. If you forget to add this information, your withdrawal may be delayed or rejected, leading to unforeseen delays. Blockchain is a system that requires precise specification of all parameters for successful operation completion.

Step-by-Step Instructions: Choosing an Account and Wallet Address

Step 1: Go to the Withdrawal Section

Open the main page and find the “Assets” button in the top right corner. Then navigate to the withdrawal page. Alternatively, you can go to the funding account page and click the “Withdraw” button next to the desired cryptocurrency.

It is important to remember: all withdrawals are only possible through the funding account. If your funds are elsewhere, transfer them beforehand.

Step 2: Select Assets and Destination Address

Specify the cryptocurrency you want to withdraw and choose the wallet address in one of the ways:

• Manually enter the address in the “Wallet Address” field
• Select an address from the saved list of verified addresses
• Add a new address to the withdrawal address book

If you are adding an address for the first time, click “Add” to set it up. This ensures that blockchain is a secure channel for transferring your funds, as the address will be verified.

Step 3: Choose the Blockchain Network

All available blockchain networks for your cryptocurrency withdrawal will be displayed on the screen. Each network has its own fee size, processing speed, and minimum transaction amount. Carefully review these parameters and select the network that meets your needs. Network traffic can vary, so during peak hours, fees may be higher.

Specifying Withdrawal Amount and Limits

Step 4: Enter the Amount

Specify the amount you want to withdraw. For convenience, use the “All” button if you wish to withdraw the full balance. After selecting the network, the minimum withdrawal limit for this cryptocurrency and blockchain pair will be shown.

On the right side of the screen, you will see your daily and monthly withdrawal limits. If you need to increase the limit, follow the instructions for changing withdrawal limits.

Verification and Confirmation of Withdrawal

Step 5: Confirm the Operation

Click the “Confirm” button, and the system will redirect you to the final confirmation page. Here, check all entered data:

• Recipient wallet address
• Selected cryptocurrency and amount
• Chosen blockchain network

Step 6: Email Two-Factor Authentication

A confirmation code will be sent to your registered email address. Copy this code and enter it into the appropriate field. The code is valid for only 5 minutes, so act quickly. If you do not see the email in your inbox, check your spam folder — sometimes emails are mistakenly filtered there.

Step 7: Google Authenticator Verification

Using the Google Authenticator app (or another 2FA app you use), obtain a 6-digit security code and enter it on the confirmation page. This step ensures that only you can initiate your withdrawal.

Step 8: Final Submission

After successfully completing both security checks, click the “Send” button. The screen will display a confirmation that your withdrawal request has been successfully accepted by the system.

Processing Times and Possible Delays

Processing your request may take from 30 minutes up to an hour. The exact time depends on the current load of the blockchain network you selected. During peak activity hours, when network traffic reaches maximum levels, the process may take longer.

Blockchain speed depends on network conditions, not on the platform’s wishes. We do not control the confirmation times of blockchain transactions but guarantee that your request will be processed in order.

If your address is included in the “Whitelist of Withdrawal Addresses” (i.e., previously verified), you will not need to undergo repeated 2FA verification for that specific address in the future.