Introducing Legacy Transfer: The secure inheritance-style solution. Learn More
Introducing Legacy Transfer: The secure inheritance-style solution. Learn More
Have you been lucky lately with your cryptocurrency investments, or do you just want to move your crypto portfolio away from HitBTC to a safer and more secure crypto wallet? To do so, you’ll need a safe and trustworthy non-custodial cryptocurrency wallet to store your cryptocurrencies before selling them for fiat currencies at a later stage.
In this how-to withdraw crypto from HitBTC guide, we will guide you through the process of withdrawing Bitcoin, Ethereum, and other cryptocurrencies from your HitBTC account to your Zengo wallet so that you won’t make any mistakes while transferring funds and can rest assured you are in total control of your digital asset holdings.
Withdrawing crypto from HitBTC is an easy and straightforward process, although it can be a bit daunting the first time. Luckily we are here to guide you on how to withdraw crypto from HitBTC to Zengo. To do this, you must make sure you have set up your Zengo wallet correctly.
Zengo is a next-generation non-custodial cryptocurrency wallet that uses state-of-the-art MPC technology to safeguard your digital assets. Zengo is more secure and reliable than any hardware wallet and safer than digital banks and finance apps because of its built-in Web3 firewall, seedless keyphrases, and personal account recovery system that uses biometric facial recognition software.
If you want to double-check whether your Bitcoin or other cryptocurrencies have arrived in your Zengo wallet app, simply open the app and check the main balance page. If you prefer a more detailed overview of your latest incoming transactions, hit the ‘History’ button at the bottom of the screen to be presented with a complete overview.
Zengo is the safest and most secure Web3-ready non-custodial cryptocurrency wallet that makes use of biometric key phrases instead of mnemonic ones. On top of that, the Zengo app is intuitively designed and supports hundreds of cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, and other popular altcoins.
Zengo provides you with next-level security and protects your digital assets with the latest biometric facial recognition 3-factor authentication software. With Zengo, you don’t need to write down complicated seed phrases or print out QR codes anymore. Instead, you simply enjoy logging in with your facial ID through the use of the latest MPC technology.
Zengo’s fully non-custodial cryptocurrency wallet allows you to be in control of your own private keys. Apart from that, you can also expand your digital asset holdings by buying crypto with fiat currencies through the use of Zengo’s fiat onramp services. Buy Bitcoin, Ethereum, and other cryptocurrencies with Zengo anytime you want.
Zengo understands customer experience is key to running a successful cryptocurrency business. For this reason, it supplies you with real human customer support around the clock, including the weekends and during the holidays. Contact the support via live chat any time you want whenever you have a question, and a friendly and professional support staff member will address you as soon as possible.
Zengo allows users to both send and receive crypto to other external crypto wallets. To send cryptocurrencies, hit the “Actions” button in the main menu, select the cryptocurrency you want to send, and paste the receiving address. Simply confirm the transaction, and the crypto will be sent.
To withdraw cryptocurrencies to fiat from your Zengo wallet, hit the “Actions” tab within the app, followed by the “Sell” button. When you have tapped these two buttons, you will now have the option to sell any amount of the selected cryptocurrency. Provide the amount you want to sell and confirm the sale. Your digital assets will now be swapped for one another. Once you’ve done this, you can withdraw the fiat currency to the bank account connected to your Zengo wallet account or keep the fiat on your Zengo wallet to buy another cryptocurrency.
You can find more information about crypto withdrawals from HitBTC in the frequently asked questions section below.
HitBTC is a leading European cryptocurrency exchange that provides cryptocurrency trading services to individual and institutional traders. It was founded in 2013 and is operated by Ullus Corporation. HitBTC is mainly known for its support of automated trading via its integrated API and Comprehensive Demo Trading feature, which traders can use to back-test trading strategies. HitBTC aims to be the primary choice as a cryptocurrency exchange for algorithmic traders that make use of Expert Advisors, automated trading scripts, and robot trading software.
The main difference between HitBTC and Zengo is that HitBTC is mainly a cryptocurrency exchange that allows its users to buy and sell cryptocurrencies. It is possible to store your crypto on HitBTC, but you aren’t in control of your private keys. With Zengo, you are in control of your private keys, and you, therefore, own the crypto in your wallet. Zengo specializes in digital asset non-custodial services and provides you access to Web3, NFTs, Metaverse gaming, Daaps, and the world of decentralized finance.
HitBTC withdrawal fees are both flat and dynamic, and they also vary on a per-coin basis: the rates do not depend on the withdrawal amount but are automatically adjusted to the market situation, ensuring that you get high transaction speed regardless of the network load.
Users that have passed the KYC procedure can withdraw up to 100 BTC per day and an unlimited amount of BTC per month from HitBTC. Unverified users can withdraw up to 1 BTC daily and five monthly.
Although HitBTC doesn’t precisely state how long withdrawals take on its platform, it is safe to assume that cryptocurrency withdrawals are processed within up to 2 hours, depending on the network load of the chosen cryptocurrency.
The most common problems that can occur when withdrawing crypto from HitBTC is when either the payment information is filled in incorrectly or the network is overloaded. For those that trade automatically through the use of Expert Advisors or other forms of automated trading software, make sure to set the correct permissions for your API key to give HitBTC access to send and withdraw cryptocurrencies to and from your external wallets. The withdrawal request can also be denied if you aren’t fully KYC-verified or if your bank doesn’t accept withdrawals from unregulated cryptocurrency exchanges.
Fiat currencies are not supported as trading instruments on the HitBTC platform. Therefore, it is not possible to link your HitBTC account with your bank account. However, you can withdraw your crypto from HitBTC to Zengo and use Zengo’s off-ramp service to sell your crypto for fiat.
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