How to transfer your funds to your bank account: the complete withdrawal guide

Transferring money from a trading platform to your bank account may seem complicated, but with the right precautions, it becomes a quick and secure operation. Here’s everything you need to know to manage a fiat withdrawal smoothly.

Essential Preparation: Preliminary Checks

Before starting any withdrawal operation, it is crucial that your account is fully verified. KYC verification (Know Your Customer) is not only a platform requirement but also a protection for you and transaction security. If you haven’t completed this process yet, log in to the Account > Verification section and provide the requested data. Without this verification, you will not be able to proceed with fiat transfers to your bank account.

Additionally, ensure you have sufficient balance on the platform: you need to cover both the amount you want to withdraw and any fees applied by the exchange or your bank.

Real-time Bank Withdrawal Times

One of the most frequently asked questions is how long it takes for the money to arrive in the account. On average, the process takes from 1 to 5 business days, depending on various factors: the recipient bank, the chosen currency, and whether the transaction occurs during banking hours. A golden rule: make withdrawals during working hours to speed up processing.

Step-by-step Operational Procedures

Login and Navigation

Log into your account on the platform using your credentials. From the homepage, select the Wallet section, then Fiat and Spot. From here, you can access the Withdrawal section.

Configuring the Payment Method

Choose Fiat as the withdrawal method and select the desired currency (USD, EUR, or other supported currencies). If you haven’t linked a bank account yet, the platform will allow you to add a new one. Enter your banking details very carefully: IBAN, account holder’s name, and other specific details must match your bank data exactly to avoid delays or transaction rejection.

Entering the Amount and Reviewing Fees

Type the amount you wish to withdraw and carefully check the fees: the platform may charge a withdrawal fee, and your bank may add a receiving fee. Consider these costs before confirming the operation, especially for small amounts.

Security Confirmation and Submission

Review all details a second time. The platform will require completing additional security verification steps, such as two-factor authentication (2FA) or email confirmation. Once these checks are passed, click Submit to complete the request.

Strategies to Accelerate the Process

The choice of currency greatly affects speed: use a currency directly supported by your bank to avoid automatic conversion fees that slow down the operation. If your funds are still in cryptocurrency, convert them first into fiat currency directly on the platform (via the Spot market or P2P services), then proceed with the bank withdrawal.

Constantly monitor the status of your withdrawal in the Transaction History section: here you can verify whether the request is being processed, confirmed, or completed.

Protection and Security

Always use the official platform URL to access your account and never share your login details with third parties. If you encounter issues during the withdrawal or receive error messages, contact the platform’s support service immediately for dedicated technical assistance.