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How to withdraw your cryptocurrency on an exchange

Withdrawing from cryptocurrency exchange accounts has become one of the most important topics and questions for beginners in the cryptocurrency market. Withdraw your digital currencies from your digital exchange wallet to your personal wallet can make you more secure. Or you may need to Withdraw to transfer your cryptocurrencies to another personal account.

Withdraw Cryptocurrencies

Most Exchanges usually have similar steps for withdrawing cryptocurrencies. Here we review the withdrawal methods from the top 5 exchanges in the market, namely Binance, Coinbase, FTX, KuCoin, and Kraken.

Types Of Networks

  • BEP2 refers to the Binance Chain.
  • BEP20 refers to the Binance Smart Chain (BSC).
  • ERC20 refers to the Ethereum network.
  • TRC20 refers to the TRON network.
  • BTC refers to the Bitcoin network.
  • BTC (SegWit) refers to Native Segwit (bech32), and the address starts with “bc1”. Users are allowed to withdraw or send their Bitcoin holdings to SegWit (bech32) addresses.

How To Withdraw From Binance

Binance is the largest and first Exchange office in the cryptocurrency market.

Follow the steps below for Withdraw from this exchange:

  • Log into your Binance account and click Wallet – Overview
  • Click on Withdraw
  • Click Crypto
  • In this step, select the encrypted currency that you want to withdraw.
  • Select the desired network (according to the table of network types) Note that the network you choose must be the same as the network you use in the wallet you intend to deposit. Otherwise, you may lose your digital asset, so please be careful at this point.
  • In this step, enter the wallet address or select it from your address book list. To add a new recipient, click [Address Book] – [Address Management] and follow the steps.
  • Enter the withdrawal amount according to your account balance.
  • After entering the corresponding transaction fee and the final amount you receive you can see.
  • Click Withdraw
  • You must then confirm the transaction according to the requested information.

This verification can include sending the code to your email or mobile phone and Google 2FA authenticator. Make sure the address you choose is correct, otherwise you will lose your encrypted currency.

How to Withdraw From Coinbase

Follow the steps below to withdraw the funds:

Note that there is no maximum for this /Minimum withdrawals are based on cryptocurrencies.

  • Log in to your Coinbase account.
  • Click the Withdraw button next to the relevant cryptocurrency in the Balances section to enter a new page.
  • Enter the withdraw value on the new page
  • Enter the address
  • Select the desired network (according to the table of network types) Note that the network you choose must be the same as the network you use in the wallet you intend to deposit. Otherwise, the assets may be Lose your digital, so please be careful at this point.
  • You can also view the fee.
  • Click Withdraw to complete.

You must then confirm the transaction according to the requested information. This verification can include sending the code to your email or mobile phone and Google 2FA authenticator.

How To Withdraw from FTX

After logging in to your FTX exchange account, log in to your account section and follow these steps:

  • Go to Wallet
  • Now click on the Deposit / Withdraw option
  • Now select your desired cryptocurrency from the list and click on Withdraw.
  • Enter the amount you want to withdraw (click max to select maximum balance)
  • Enter the address
  • FTX will ask for your traffic code
  • Then confirm the withdraw and enter the requested information.
  • FTX has no responsibility if you send your cryptocurrencies to the wrong address.

How to Withdraw from KuCoin

There are two ways to withdraw from KuCoin via mobile and web, both of which we will cover.

For the web

  • Log in to your KuCoin account
  • Click on Assets Main Account (Deposit & Withdraw)
  • Click Withdraw to enter a new page

App

  • Log in to your KuCoin account
  • Then click on Assets “-” Withdraw

The continuation of the steps on both platforms is similar to each other.

  • Now select the desired cryptocurrency
  • Enter the Withdraw value
  • Enter wallet address (The Remark is optional.)
  • After completing these steps, click on Confirm.
  • Input your trading password
  • You must then confirm the transaction according to the requested information.
  • This verification can include sending the code to your email or mobile phone and google 2FA authenticator.

How To Withdraw From Kraken

Follow the steps below for Withdraw from Kraken:

  • Log in to your Kraken account
  • Enter the Funding tab
  • Click Withdraw
  • Search for your cryptocurrency
  • Enter the address
  • In the Amount field, enter the Withdraw value (this value must be greater than the minimum Withdraw)
  • Click Withdraw and re-check the entered information

If you are asked for the 2FA code, you must enter it. When finished, you can see your withdrawal Details.


Attention:

Select the desired network (according to the table of network types) Note that the network you choose must be the same as the network you use in the wallet you intend to deposit. Otherwise, the lose your digital asset, so please be careful at this point.

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