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How to Withdraw Money From CEX.IO

How to Withdraw Money From CEX.IO

Whether you made substantial profit trading the cryptocurrency markets or just want to be in control of your own digital assets, there comes a time when you just want to withdraw from CEX.IO and store your cryptocurrency holdings in a more safe and secure wallet. To be able to do just this, you will need a reliable and non-custodial cryptocurrency wallet to store your digital assets in before eventually selling them for fiat  currencies and ‘’cashing out.’’ 

In this how-to withdraw from CEX.IO guide, we will lead you through the process of withdrawing cryptocurrencies such as Bitcoin and Ethereum from the CEX.IO cryptocurrency exchange to your Zengo wallet. Although it can be a daunting process at first glance, nothing could be less true, and if you follow the instructions in this guide, it will be done before you know it.

How to Withdraw Money From CEX.IO

How to Withdraw Crypto From CEX.IO to Zengo - Step-by-Step Guide

Before you can withdraw crypto from CEX.IO, you have to make sure you’ve set up your Zengo wallet accordingly. Zengo is a next-generation and non-custodial cryptocurrency wallet that utilizes the latest MPC technology to ensure your digital assets are stored in the safest way possible. Zengo is more secure and reliable than any hardware wallet because it uses biometric facial recognition software, has 3FA, and has a built-in Web3 firewall. Zengo is also safer than cryptocurrency exchanges as it gives users full control over their private keys.

Once you’ve downloaded and installed the Zengo wallet app, you are ready to withdraw crypto from CEX.IO. This is not as difficult as you may think, and all you have to do to withdraw crypto from CEX.IO to Zengo is follow these simple steps:

How to See if Your Funds Have Arrived in the Zengo App?

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. 

Keep Your Crypto Safe and Secure With Zengo

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.

The Next Generation of Crypto Wallet Security

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!

Not Your Keys, Not Your Coins & Fiat Onramp

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

24/7 Real Human Customer Support

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.

How to Withdraw From Zengo’s Wallet

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.

FAQs: Additional Information on How to Withdraw Crypto From CEX.IO​

You can find more information about cryptocurrency withdrawals from CEX.IO in the frequently asked questions section below.

CEX.IO is a globally operating regulated cryptocurrency exchange established in 2013 that allows users to buy and sell cryptocurrencies and store them on their accounts. CEX.IO is owned and operated by a private company (GHash.IO), and users have to sign up for an account and undergo a KYC procedure to be able to participate. CEX facilitates cryptocurrency transactions between buyers and sellers as a market maker and can be seen as a crypto broker. 

The main differences between CEX.IO and Zengo are that CEX.IO is a centralized cryptocurrency exchange that allows users to buy and sell cryptocurrencies and that provides custodial wallet services, meaning that users can store their crypto on CEX.IO, but CEX.IO is in control of the private keys. Zengo, on the other hand, is a non-custodial wallet app where users are in total control of their own private keys and the boss of their own digital assets. Another key difference between CEX.IO and Zengo is that although both provide fiat onramp and offramp services, Zengo goes the extra mile and offers a full-fledged Web-3 ready platform and gateway to NFT Marketplaces, Metaverse gaming, and Dapps. 

CEX.IO charges different withdrawal fees based on the withdrawal method chosen. Visa and MasterCard withdrawals are charged between 1,2% and 3% + $1,20 to $3,80, and bank wire transfers 0,3% + $25, Skrill 1% + $3, PayPal 1% +$5, and other payment methods variable fees between 1% and $10. Check out the full CEX.IO fee structure

CEX.IO’s withdrawal limits vary per the withdrawal method chosen. Check out the full overview of withdrawal limits

Cryptocurrency transactions should take place within an hour. Card withdrawal should be instant, and withdrawal requests per bank transfer are processed within 24 hours on business days. After the payment is processed by CEX.IO’s finance team, it may take some time to reach your bank account

The most common problem that can occur when withdrawing crypto from CEX.IO is that the withdrawal stays stuck on ‘’Pending.’’ Most of the time, this is because either the total amount, including fees, is higher than your CEX.IO balance allows or because you entered the wrong blockchain network. Note that you must undergo AML/KYC before being able to withdraw crypto from your CEX.io account.

To withdraw crypto to fiat on CEX.IO, make sure you have connected your bank account or Visa or MasterCard credit/debit card to your CEX.IO account. You can then go to the Finance page and click on the ‘’Withdrawal’’ button next to the cryptocurrency you want to withdraw. After that, you choose the Payment Card method or select the desired bank account and enter the amount you would like to withdraw. Make sure the total amount on your account is enough to include fees. Finally, confirm your withdrawal with the 2-factor authentication code and await the transaction to come through.

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