Cryptocurrency adoption has grown over the years, and platforms like CEX.IO help users buy, sell, store, and withdraw digital assets safely. If you want to know how to withdraw cryptocurrency from CEX.IO to an external wallet, a bank card, or an online payment system, this guide will show you the steps.
Managing withdrawals properly is crucial for security and efficiency. There are a few key things to keep in mind when withdrawing funds, including network compatibility, transaction fees, and processing times.
CEX.IO Withdrawal Requirements and Security Measures
Before you attempt to withdraw your cryptocurrency, it is essential to understand CEX.IO’s withdrawal policies and security features. These measures are in place to protect users from fraud and unauthorized transactions.
- Withdrawal Restrictions for New Users
If you recently created a CEX.IO account, you won’t be able to withdraw cryptocurrency immediately. The platform restricts withdrawals for the first 48 hours after account creation to prevent fraudulent activity.
- Enabling Two-Factor Authentication (2FA) Is Mandatory
To withdraw cryptocurrency from CEX.IO, two-factor authentication (2FA) must be enabled on your account. This extra layer of security helps protect your funds from unauthorized access.
- Withdrawal Lock After Changing 2FA
If you change or restore your 2FA method, CEX.IO will restrict withdrawals for another 48 hours. This security buffer prevents hackers from withdrawing your funds in case of unauthorized access.
By understanding and adhering to these rules, you can avoid unnecessary delays in your withdrawal process and ensure your funds remain secure.
How to Withdraw Cryptocurrency from CEX.IO Wallet
Withdrawing cryptocurrency from CEX.IO is a simple and streamlined process. Follow these steps to transfer your digital assets safely:
1: Step: Log in to Your CEX.IO Account
- Go to CEX.IO and enter your credentials to log in.
- Once you’re logged in, navigate to the CEX.IO Wallet section.
2: Step: Select the Cryptocurrency You Want to Withdraw
- In your CEX.IO Wallet, you will see a list of cryptocurrencies available in your account.
- Locate the digital asset you wish to withdraw.
- Click on the Withdraw button next to the selected currency.
3: Step: Choose Your Withdrawal Destination
CEX.IO offers multiple ways to withdraw cryptocurrency:
- Direct Cryptocurrency Withdrawal (to an external crypto wallet).
- Withdrawal to a Debit/Credit Card, Bank Account, or E-Wallet (such as Skrill or Epay).
- Each method has different processing times, fees, and requirements, so choose the one that best suits your needs.
How to Withdraw Cryptocurrency to an External Wallet
If you want to send your cryptocurrency to another crypto wallet, follow these steps:
Step 1: Select “Cryptocurrency Address” as Your Destination
- When prompted to choose a withdrawal method, select Cryptocurrency Address.
- This option allows you to transfer your funds to another crypto wallet, such as a hardware wallet (Ledger, Trezor), a software wallet (MetaMask, Trust Wallet), or an exchange wallet.
Step 2: Enter the Recipient’s Wallet Address
- Carefully input the destination wallet address where you want to send your funds.
- Double-check the address to avoid mistakes—sending crypto to the wrong address can result in irreversible losses.
You cannot use the same wallet address for different cryptocurrencies. For example, Bitcoin Cash (BCH) cannot be sent to a Bitcoin (BTC) wallet.
Ethereum-based tokens like USDT, MATIC, or SHIB should be sent to an ETH-compatible wallet.
Step 3: Select the Blockchain Network
Some cryptocurrencies operate on multiple blockchains. For example:
- USDC is available on Ethereum (ERC-20), Tron (TRC-20), and Stellar (XLM).
- USDT can be sent via Ethereum, Tron, Binance Smart Chain, and other networks.
Before completing your transaction, ensure you select the correct blockchain network. Sending your funds to an unsupported network may result in lost assets or high fees.
Step 4: Confirm the Withdrawal Amount and Transaction Details
- Enter the amount of cryptocurrency you wish to withdraw.
- You will see the total amount after transaction fees deducted.
- Agree to the Risk Notice, then click Proceed.
Step 5: Verify and Complete the Withdrawal
- Double-check the recipient address, network, and withdrawal amount.
- Click Send to process the transaction.
Once confirmed, CEX.IO will broadcast your transaction to the blockchain. The withdrawal will be credited to your destination wallet once it is verified by the network.
How to Withdraw Cryptocurrency to a Debit/Credit Card or E-Wallet
If you prefer to convert your cryptocurrency into fiat currency (USD, EUR, GBP, etc.) and withdraw it to a bank card, bank account, or e-wallet (Skrill, Epay), follow these steps: Grand Theft Auto VI Release Date and PS5 Availability
1: Step: Choose a Payment Method
- Instead of selecting “Cryptocurrency Address,” choose a debit/credit card, bank account, or e-wallet as the withdrawal method.
- Provide the necessary details, such as:
- Card number (for card withdrawals).
- IBAN (for wire transfers).
- Email address (for e-wallets like Skrill).
2: Step: Enter the Amount of Crypto to Convert
- In the “You will pay” field, enter the amount of cryptocurrency you wish to withdraw.
- The equivalent fiat amount will be calculated based on the current market price.
3: Step: Verify and Confirm the Withdrawal
- Review the transaction details, ensuring the correct amount and payment method.
- Click Sell to finalize the conversion and withdrawal request.
4: Step: Wait for Funds to Arrive
- Withdrawals to debit/credit cards and e-wallets typically take 1-3 business days to process.
- Processing times may vary depending on your bank or payment provider.
Key Considerations When Withdrawing from CEX.IO
- Double-check wallet addresses before sending crypto to avoid errors.
- Use personal wallets for security instead of exchange wallets.
- Choose the correct blockchain network when withdrawing multichain assets.
- Be aware of withdrawal fees, which may vary depending on the currency and network.
- Ensure 2FA is enabled to prevent unauthorized withdrawals.
By following these steps and best practices, you can efficiently and safely withdraw your cryptocurrency from CEX.IO with confidence.
Withdrawing cryptocurrency from CEX.IO is a straightforward process when done correctly. No matter what you are moving funds to a secure crypto wallet or cashing out via a bank card or e-wallet, ensuring you follow the correct steps will help you avoid unnecessary issues.
