Whether you have made a great profit on your recent cryptocurrency trading or just want to store your digital assets more securely, there comes a time when you want to withdraw crypto from BitMart. To be able to do so, you’ll need a secure and reliable cryptocurrency wallet to store your coins and tokens on before eventually selling them for fiat currencies.
In this how-to withdraw crypto from BitMart guide, we will steer you through the process of withdrawing digital assets like Bitcoin and Ethereum from your BitMart account and storing them safely in your Zengo wallet without any obstacles in the way or making any costly mistakes. This way, you can have peace of mind that your cryptocurrencies are safely and securely stored and that you have complete control over their private keys.
Before withdrawing crypto from BitMart, you should set up your non-custodial Zengo wallet first. Zengo is a next-generation cryptocurrency wallet that uses the latest MPC technology so that only you can restore access to your digital assets if you ever lose your phone or uninstall the wallet app. This technology uses 3FA facial recognition software instead of mnemonic phrases and is, therefore, more secure than any hardware wallet and safer than centralized cryptocurrency exchanges. Additionally, it is equipped with a Web3 firewall and fiat onramp service.
Checking whether your funds have arrived in the Zengo app is very simple and straightforward. Simply open the app, log in with facial recognition, and check the main balance page. If you want to see an overview or more details about certain transactions, simply open the history tab by tapping on the ‘’History’’ button on the lower right corner of your screen.
Zengo is a must-have crypto wallet for those seeking a secure non-custodial wallet on which to store cryptocurrencies and NFTs as well as access DeFi trading and staking platforms.
Zengo is one of the safest and most secure crypto wallets available to retail users today. The wallet app utilizes state-of-the-art MPC technology, three-factor authentication with biometric login and transaction confirmation for an extra layer of security. With Zengo, you don’t need to remember any difficult seed phrases as your face is used to generate a truly unique and secure seed to access your digital assets!
With Zengo’s non-custodial wallet, you are in complete control of your own private keys without having to worry about security or losing access to your funds. Furthermore, our fiat on-ramp service allows you to easily diversify and grow your crypto portfolio by purchasing your crypto of choice with fiat currency. Aside from that, you can also take part in our savings program.
If you ever need any assistance with your Zengo wallet, you can contact our real human customer support staff at any time, even on weekends and holidays. Alternatively, you can check out our Help page to see if your question has already been answered.
With Zengo, you can easily send crypto to other wallets or ‘’cash out’’ to fiat whenever you want. To send crypto to other wallets, tap on the ‘’Actions’’ button located in the main menu followed by ‘’Send’’. Now, simply fill in the amount of crypto you want to send, paste the receiving address or scan the QR code, and verify the transaction.
Rather cash out your crypto earnings to fiat? No problem! Simply tap on the ‘’Actions’’ button, and then on the ‘’Sell’’ button. As of writing this guide, you can sell your digital assets for Euros, British Pounds, and/or United States Dollars.
Note that you have to connect your bank account to your Zengo wallet prior to requesting a fiat withdrawal and that it may take a few days for your funds to arrive.
You can find more information about crypto withdrawals from BitMart in the frequently asked questions section below.
BitMart is a globally operating cryptocurrency exchange where users from over 180 countries can buy and sell over 1,000 different digital assets and tokens. It was founded in 2017, and its team members come from Amazon, Accenture, Tencent, Alibaba, and other top-tier tech firms.
The main difference between BitMart and Zengo is that BitMart is in control of the private keys that grant access to users’ funds, whereas, with the non-custodial Zengo wallet app, you have control over your private keys through 3FA biometric facial recognition software. Another key difference is that Zengo is a full-fledged Web3-ready platform, giving users access to NFTs, Web3, and Dapps.
According to external sources, BitMart’s withdrawal limit is $20,000 for verified accounts and 0 BTC or dollars for unverified accounts. This means that BitMart requires verification in order to process any withdrawals.
Different cryptocurrencies have their own processing time at BitMart, and they usually vary from 5 seconds to 60 minutes.
One of the most common problems that can occur when withdrawing crypto from BitMart is that your cryptocurrency transaction is delayed or canceled by BitMart. BitMart does this when it suspects that customers didn’t authorize the transaction. If this happens to you, you should contact BitMart’s support.
Other causes may be too low gas fee settings or busy blockchain networks. It could also be the case that you haven’t fully verified your BitMart account yet. Be sure to undergo the KYC procedure if you wish to withdraw crypto from BitMart.
To withdraw Bitcoin to fiat on BitMart, you have to sell it for USDT first, and only then will you be able to withdraw your USDT to your bank account as fiat. Furthermore, if you wish to withdraw altcoins, you will first have to swap them for BTC and only then “sell” it for USDT.
To make it simple: Swap the altcoin to BTC, and then to USDT, and then withdraw to your bank account.
You do this by logging into your account, followed by clicking ‘’Sell’’ behind the desired cryptocurrency you want to sell, and then swapping the BTC received for USDT.
When you have USDT, you can sell it to one of BitMart-s third-party partners for the desired fiat currency. Once you have the desired fiat currency in your BitMart account, you can withdraw it to the bank account connected to your BitMart account if you have fully verified your BitMart account and passed the KYC procedure. (Because BitMart does not permit withdrawals without verification)
Alternatively, you can withdraw your crypto from BitMart to Zengo and then sell it at a later time for fiat via Zengo’s fiat offramp services.
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