It doesn’t matter whether you’re a seasoned trader or just getting started; eventually, you’ll need to move your digital investments from EXMO to a much more secure non-custodial wallet, such as Zengo, where your funds will be safe until it’s time to cash them out.
In this how-to withdraw money from EXMO guide, we’ll provide a clear step-by-step explanation of how to safely transfer your cryptocurrencies from your EXMO account into your Zengo wallet.
Before starting the withdrawal process, make sure you have set up your Zengo crypto wallet. With Zengo, you can take advantage of the most advanced safety features for managing and storing your crypto portfolio, like Multi-Party Computation (MPC) technology, a Web3 firewall, and biometrics.
After setting up the Zengo app and completing the onboarding steps, follow these instructions to withdraw from EXMO to Zengo:
Log into your EXMO account. Click on “Wallet” and then on “Cryptocurrency.”
Pick the asset you wish to withdraw and tap the “Withdraw” button. Make sure that it is supported by Zengo.
Enter the desired amount and your Zengo wallet address in the boxes provided. The Zengo address can be found within the app by tapping on the “Actions” icon, then on “Receive,” and then on the asset you want.
Verify that all the details are accurate, and then click “Withdrawal” to confirm.
In order to verify whether your funds have been successfully withdrawn, open your Zengo app. The balance on your primary page should show the recent transaction. Alternatively, you can navigate to the history section to view the latest transactions.
Zengo provides its users with unparalleled security and recoverability. Instead of having to memorize complex seed phrases, you can simply rely on Zengo’s biometric facial recognition software to access and secure your account. The combination of advanced MPC technology and a smart Web3 firewall secures your digital assets like never before.
As a non-custodial wallet, Zengo allows you to maintain complete control and access to all your digital assets, from crypto tokens to NFTs. Zengo also offers fiat onramp services, making it easy for you to diversify your investment portfolio or buy new cryptocurrencies using your regular fiat money, like dollars, euros, or pounds.
If you encounter any difficulties or need help with using Zengo, our support team is always on standby, ready to assist. Our agents are available 24/7, 365 days a year. You can reach out to us anytime you need help, and you’ll be connected to a real human agent within a short period of time.
To withdraw from the Zengo wallet, simply open the app, click “Actions,” and then “Send.” Specify the crypto you wish to withdraw and the amount, enter the recipient’s address, review everything, and confirm the transaction.
You can also withdraw your crypto to fiat currency with Zengo. Go to the “Actions” menu, click “Sell,” select the crypto you want to sell and the fiat currency you want to receive (Zengo supports USD, Euros, and GBP), then enter the preferred amount and confirm. Your funds will be transferred to your linked bank account.
Below are answers to frequently asked questions about cryptocurrency withdrawals from EXMO.
EXMO is a crypto exchange that allows users to buy, trade, stake, and participate in margin trading of a wide range of cryptocurrencies. It was founded by Ivan Petuhovschii and Edward Bark in 2014, with offices in Poland, Ukraine, Lithuania, the United Kingdom, and the US. The main aim of EXMO’s founders was to create a crypto exchange that was hassle-free and accessible to all, even those with no experience in crypto trading. The site now has thousands of active daily traders and more than 150 trading pairs, as well as its own EXMO token.
Both EXMO and Zengo offer platforms suitable for storing and trading cryptocurrencies, but there are fundamental differences in how they operate. EXMO is a centralized exchange platform that also allows users to participate in margin trading and staking. Zengo, on the other hand, combines MPC technology, biometrics, and sophisticated recovery capabilities to ensure a higher level of security. As a non-custodial wallet, Zengo allows you to keep full control over your investments. In addition, because it is a Web3-ready wallet, users can interact with a variety of Dapps while staying safe, thanks to its advanced Web3 firewall.
Crypto Withdrawals can take anywhere from a matter of minutes to several days, depending on what token, when, and how you choose to withdraw. It also depends on the network itself. This means that a cryptocurrency withdrawal to an external wallet such as Zengo may take only a few minutes, and a fiat withdrawal could take several days.
There aren’t too many problems to worry about specifically in regard to EXMO when compared to other platforms, but there’s always a risk that transfers can go wrong if you put the wrong amount or destination address on the withdrawal page. If you put the wrong address, your funds may get lost for good, so it’s always best to review the details before finalizing a withdrawal.
EXMO allows you to withdraw crypto to fiat via the same withdrawal procedure outlined in the guide above. You can withdraw to several fiat currencies, including PLN, USD, EUR, and UAH. It takes up to three working days to process withdrawals by card or up to seven working days via bank transfer. Alternatively, you can withdraw your funds to Zengo, where they will be safely stored until you feel comfortable withdrawing them to fiat.
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