No matter if you’re an expert crypto trader or a complete beginner, you will eventually need to withdraw your cryptocurrencies from CoinDCX and deposit them in a secure, non-custodial wallet to keep them safe before eventually selling them for fiat.
In this how-to withdraw money from CoinDCX guide, we walk you through each step of the process to help you withdraw your digital assets from the CoinDCX exchange and deposit them into your Zengo wallet.
Before you can withdraw your crypto from CoinDCX, ensure that your new Zengo crypto wallet has been set up correctly.
Zengo offers a powerful Web3-ready, non-custodial crypto and NFT wallet that comes with advanced security capabilities such as Multi-Party Computation (MPC) technology, advanced biometrics, and a robust Web3 firewall built to protect you, your funds, and your privacy.
After setting up your Zengo app and completing all onboarding steps, follow this set of instructions to withdraw from CoinDCX to Zengo:
Log into your CoinDCX account. Make sure your account is verified. Then, go to “Funds” and then click on “Withdraw”.
Pick the cryptocurrency you want to withdraw along with the network. Make sure they are both supported by Zengo.
Enter your destination address (your Zengo wallet address) and the desired amount. If needed, you can add tags and memos. You can find your Zengo address by opening the app, selecting “Actions,” then clicking on “Receive,” and selecting the asset you wish to withdraw.
Double-check all the details and then click “Send.”
Enter an OTP or Google 2FA verification code and then tap on “Verify.” Lastly, confirm the withdrawal via email.
To ensure that your funds have reached your Zengo wallet, open your Zengo app and check the main balance page. If you’d like to see a more detailed overview of your transactions, simply tap on “History” within the main menu.
The Zengo app provides you with an enhanced level of security while also enabling you to maintain full control over your funds. Through Zengo, you can easily buy, sell, and trade a wide variety of cryptocurrencies, including but not limited to Bitcoin, Ether, Tether, Shiba Inu, Dogecoin, Polygon, and many more. Furthermore, with Zengo’s WalletConnect integration, you can link your wallet with a growing list of Dapps via Web3.
Zengo secures your digital assets by replacing traditional seed phrases with advanced biometrics. It offers sophisticated security measures, including an effective account recovery mechanism, a Web3 firewall to keep you safe when you interact with Dapps, and state-of-the-art MPC technology, which ensures that your digital assets are always kept safe and secure.
As a 100% non-custodial wallet, Zengo lets you maintain complete control over your digital assets. In other words, you are the only one who can decide what to do about your investments and how to handle them. In addition, thanks to Zengo’s fiat onramp services, you can diversify and expand your crypto portfolio with ease. You can easily buy crypto with Zengo at any time and anywhere.
Zengo provides round-the-clock customer support, standing by, ready to handle your concerns and offer any assistance you may require. The support team is made up of real people, not bots, so you’ll be able to get friendly, professional, and proper help whenever you need it, even on weekends or holidays. Send us your questions through live chat in the app or email. Additionally, we also provide general information about Zengo and our services in our Online Help Center.
Withdrawing from Zengo is quick and easy. Just open the app, click “Actions,” then click “Send.” Choose the crypto you want to withdraw, specify the precise amount, type in the recipient’s address, and review the details before finalizing the transaction.
Additionally, Zengo allows withdrawals to fiat currencies such as USD, GBP, and EUR. Simply go to the “Actions” menu, click “Sell,” select both the supported crypto and the fiat currency, enter the amount, and confirm. Your funds will then be transferred to the bank account associated with your Zengo wallet.
Here are answers to some frequently asked questions about cryptocurrency withdrawals from CoinDCX.
CoinDCX is an Indian cryptocurrency exchange with its headquarters in Mumbai. It was founded in 2018 by Neeraj Khandelwal and Sumit Gupta. CoinDCX supports buying, trading, and investing in a broad array of cryptocurrencies, such as Bitcoin and Ethereum, along with additional services like staking, lending, futures, and margins. With its roots in India, CoinDCX has quickly grown to serve a global user base and is considered by some crypto enthusiasts to be one of the most successful Indian exchanges.
CoinDCX and Zengo offer the ability to buy and trade various digital currencies, like Ether and Bitcoin. The key differences, however, are found when looking at the levels of security and control of each platform. CoinDCX is equipped with a decent security system, but its main focus is on providing easy-to-use and accessible trading platforms alongside more advanced trading options. In contrast, Zengo offers the highest level of cryptocurrency wallet security, with state-of-the-art security features such as advanced MPC Technology and a non-custodial design with no private key vulnerabilities. In addition, Zengo’s Web3 WalletConnect capabilities enable its users to access an ever-expanding list of Dapps, all the while remaining protected from external threats thanks to Zengo’s Web3 built-in firewall.
Like many other crypto exchanges, CoinDCX charges withdrawal fees from users who want to take their money out of their platform. To do so, make sure your account is verified. The fee you have to pay will depend on the specific token you wish to withdraw. Learn more about their fees here.
CoinDCX also has withdrawal limits for users to be aware of. Each different cryptocurrency has its own deposit and withdrawal limitations. Users will need to check the limits for the crypto assets they want to withdraw before proceeding with any transfers. You can find more up-to-date information about this topic on their dedicated page.
Like with any cryptocurrency transfer, it’s vital to double-check all information, specifically the recipient’s address, before finalizing your transfer. This helps to reduce the risk of any losses, as you can lose your crypto forever if you accidentally enter the wrong destination address for your withdrawal. In addition, CoinDCX may temporarily suspend crypto withdrawals to external wallets from their platform and only allow withdrawals to Indian rupees, or they may even decide not to allow any withdrawals whatsoever. If this is the case, make sure you stay up-to-date with their announcements and get in touch with their customer support.
CoinDCX supports fiat withdrawals, but only in the Indian INR currency. If you wish to withdraw into another major fiat currency, like US dollars or Euros, you’ll need to first move your funds to your Zengo wallet. From there, you can easily and conveniently withdraw funds straight to your bank account in fiat currency with a few quick taps of the screen.
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