How to Withdraw From Bitmart

 

Moving your digital assets from one platform to another is essential these days.

Perhaps you want to cash out your crypto to fiat money, or maybe you just want to move them to an external wallet address.

In any case, it’s imperative for Bitmart users to learn how to withdraw their funds from Bitmart in easy steps.

As it happens on other platforms, there’s a withdrawal fee and other factors that will decide the outcome of your withdrawal.

Worry not - in today’s post, which doesn’t constitute investment advice, we will be giving you all the information you need about the following topics:

• How to withdraw from Bitmart;
• What to know before making withdrawals from Bitmart to an external platform;
• How to transfer your money from Bitmart to your bank.

Withdraw Money from Bitmart Exchange

Bitmart is one of the most popular crypto exchanges as of today.

It isn’t the biggest nor the best exchange, but it gets its job done.

Like it happens in other platforms, you can withdraw crypto and fiat from Bitmart.

For instance, Withdrawing from Crypto.com and Withdrawing from Robinhood works similarly to Bitmart.

These platforms transfer funds depending on the needs of the users.

There’s always an unavoidable withdrawal fee, so think about them before you decide to transfer digital assets.

Minimum Withdrawal and Fees

If, for instance, you need to make a Bitcoin or USDT transfer, you will have some limits on the sell page.

Although the process can be completed without major inconveniences, the truth is that users who want to withdraw from Bitmart need to check minimum withdrawal and withdrawal fees beforehand.

As a consequence, we recommend you check withdrawal fees and minimum withdrawal amounts here: Bitmart Blog.

You can also receive information about the automatic withdrawal process and other offers inside Bitmart’s blog, so check it out.

How to Withdraw from Bitmart

Now you know it - you can withdraw money from Bitmart by respecting minimum withdrawal amounts and each withdrawal fee during the process.

There are two forms of withdrawals: withdraw crypto to an external platform, or withdraw fiat money to your bank account.

We are going to show you how to do both.

1. Transfer Crypto from Bitmart to Another Exchange

Firstly, make sure that you sign in to Bitmart using the correct email address and personal information before you sell coins or sell crypto.

You can either open Bitmart App or withdraw crypto to external platforms using the web version of the exchange.

Step 1: Open Your Bitmart Account

Open your Bitmart Spot account. After you sign in to the platform, click on the dropdown bar at the top right corner of the screen.

Step 2: Go to “Assets” and Spot Wallet

Once the dropdown menu opens, select “Assets” and continue.

Step 3: Look for the Crypto You Want to Withdraw

In “Assets,” use the search bar to look for the crypto you want to withdraw.

Choose Coin, enter to the next page, and proceed.

Step 4: Click “Withdraw” And Find Your Own Withdrawal Address

Imagine that you want to withdraw Bitcoin. In this case, click on “Withdraw” next to Bitcoin. A new screen will open.

Now, go to the receiving exchange or platform and find your receiving address.

You can often do this by clicking on “Manage Address.”

Step 5: Paste the Withdrawal Address Carefully on Bitmart

Keep in mind that it’s imperative to use the right wallet address if you don’t want to lose your funds.

If you use the wrong address, Bitmart will not be capable of doing something about it.

Check the address belongs to Bitcoin, and then you can move on.

Paste the address on Bitmart, check each withdrawal fee, and confirm the transfer.

You should receive the crypto on the recipient’s platform in less than 30 minutes.

2. How to Withdraw from Bitmart to Bank account

The other method consists of sending money directly from your Bitmart account to your bank.

Step 1: Go to Assets

Then again, go log in to your Buy Sell Account on Bitmart, and go to “Assets.”

Step 2: Select “Buy / Sell”

Here, select “ Buy or Sell,” and a list with all your crypto will appear.

Here, you need to find the specific crypto that you want to withdraw, and then click on “Withdrawal.”

Step 3: Select “Transfer Funds”

Once you have found the crypto, you need to transfer the funds to your bank.

In order to do this, your bank must be previously verified by the platform.

If you want to make a Bitcoin withdrawal, select Bitcoin, then choose the fiat currency (EUR, USD), and move on.

Step 4: Check the Withdrawal Fees and Complete the Operation

Finally, a screen with each withdrawal fee will appear.

Check each withdrawal fee, select “Sell,” and there you go - the transaction will start.

It might take up to 7 days for Bitmart to transfer the money directly into your bank, so be patient.

That’s how you withdraw from Bitmart! It is really easy and intuitive.

For more Bitmart and crypto exchanges insights, GrowFollowing is your top source of information.

How To Withdraw from Bitmart FAQ

Is Bitmart Safe for Transferring Assets?

Yes, it is. With more than 9 million users, Bitmart is considered one of the safest platforms out there. Learn more about Bitmart Security here.

About the author

Steve

Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.