Blofin withdraw - BloFin Blog

Mar 15, 2024

With the growing popularity of cryptocurrency trading, platforms like BloFin have become essential for traders looking to buy, sell, and trade digital assets. One critical aspect of managing your cryptocurrency holdings is knowing how to withdraw your assets securely. In this guide, we will provide you with step-by-step instructions on how to withdraw cryptocurrency from BloFin, ensuring the safety of your funds throughout the process.

How to Withdraw Crypto on BloFin

Withdraw Crypto on BloFin (Website)

1. Log in to your BloFin website, click on [Assets] and select [Spot].

2. Click on [Withdraw] to continue.

3. Select the coin you want to withdraw.

Please select the withdrawal network from the provided options. Note that the system typically matches the network for the selected address automatically. If multiple networks are available, ensure that the withdrawal network matches the deposit network in other exchanges or wallets to prevent any losses.
Fill in your withdrawal [Address] and verify that the network you’ve chosen corresponds to your withdrawal address on the deposit platform.
When specifying the withdrawal amount, ensure it exceeds the minimum amount but does not exceed the limit based on your verification level.
Please note that the network fee can vary between networks and is determined by the blockchain.

4. Complete the 2FA verification and click [Submit]. Your withdrawal order will be submitted.

Please be aware that after submitting your withdrawal request, it will undergo review by the system. This process may take some time, so we kindly ask for your patience while the system processes your request.

Withdraw Crypto on BloFin (App)

1. Open and log in to the BloFin App, tap on [Wallet] - [Funding] - [Withdraw]

2. Select the coin you want to withdraw.

Please select the withdrawal network from the provided options. Note that the system typically matches the network for the selected address automatically. If multiple networks are available, ensure that the withdrawal network matches the deposit network in other exchanges or wallets to prevent any losses.
Fill in your withdrawal [Address] and verify that the network you’ve chosen corresponds to your withdrawal address on the deposit platform.
When specifying the withdrawal amount, ensure it exceeds the minimum amount but does not exceed the limit based on your verification level.
Please note that the network fee can vary between networks and is determined by the blockchain.

3. Complete the Security verification and tap on [Submit]. Your withdrawal order will be submitted.

Please be aware that after submitting your withdrawal request, it will undergo review by the system. This process may take some time, so we kindly ask for your patience while the system processes your request.

How Much Are The Withdrawal Fees?

Please be advised that withdrawal fees are subject to variation based on blockchain conditions. To access information regarding withdrawal fees, please navigate to the [Wallet] page on the mobile application or the [Assets] menu on the website. From there, select [Funding], proceed to [Withdraw], and choose the desired [Coin] and [Network]. This will allow you to view the withdrawal fee directly on the page.

Web

App

Why do you need to pay for the fee?

Withdrawal fees are paid to blockchain miners or validators who verify and process transactions. This ensures transaction processing and network integrity.

Frequently Asked Questions (FAQ)

Why hasn’t my withdrawal arrived?

Transferring funds involves the following steps:

Withdrawal transaction initiated by BloFin.
Confirmation of the blockchain network.
Depositing on the corresponding platform.

Normally, a TxID (transaction ID) will be generated within 30–60 minutes, indicating that our platform has successfully completed the withdrawal operation and that the transactions are pending on the blockchain.

However, it might still take some time for a particular transaction to be confirmed by the blockchain and, later, by the corresponding platform.

Due to possible network congestion, there might be a significant delay in processing your transaction. You may use the transaction ID (TxID) to look up the status of the transfer with a blockchain explorer.

If the blockchain explorer shows that the transaction is unconfirmed, please wait for the process to be completed.
If the blockchain explorer shows that the transaction is already confirmed, it means that your funds have been sent out successfully from BloFin, and we are unable to provide any further assistance on this matter. You will need to contact the owner or support team of the target address and seek further assistance.

Important Guidelines for Cryptocurrency Withdrawals on BloFin Platform

For crypto that support multiple chains such as USDT, please make sure to choose the corresponding network when making withdrawal requests.
If the withdrawal crypto requires a MEMO, please make sure to copy the correct MEMO from the receiving platform and enter it accurately. Otherwise, the assets may be lost after the withdrawal.
After entering the address, if the page indicates that the address is invalid, please check the address or contact our online customer service for further assistance.
Withdrawal fees vary for each crypto and can be viewed after selecting the crypto on the withdrawal page.
You can see the minimum withdrawal amount and withdrawal fees for the corresponding crypto on the withdrawal page.

How do I check the transaction status on the blockchain?

1. Log in to your Gate.io, click on [Assets], and select [History].

2. Here, you can view your transaction status.

Is There A Minimum Withdrawal Limit Required For Each Crypto?

Each cryptocurrency has a minimum withdrawal requirement. If the withdrawal amount falls below this minimum, it will not be processed. For BloFin, please ensure that your withdrawal meets or exceeds the minimum amount specified on our Withdraw page.