How to Withdraw Crypto from Pionex

Even if you’re a seasoned trader or just starting your crypto journey, there comes a time when you want to withdraw your crypto from Gate.io to a more secure wallet. Withdrawing funds from an exchange like Gate.io may seem tricky, but it’s a crucial step in managing your digital assets, especially if you want to keep them secure and protected or if you plan on “cashing out” from crypto to fiat currencies in the future. In this how-to withdraw money from Gate.io guide, we will help you understand the steps to transfer your digital assets securely from Gate.io to your ZenGo wallet.

How to Withdraw Crypto from Pionex to Zengo

Step-by-step guide

Before you start any withdrawal from Pionex to ZenGo, you’ll need to make sure your ZenGo wallet is set up and ready to receive your digital assets. In case you don’t have a ZenGo wallet yet, download the app to your smartphone and proceed with the onscreen instructions to set up your ZenGo wallet account.

Once you’ve properly set up your Zengo crypto wallet app, you’re ready to transfer funds to it. To withdraw crypto from Phemex and send it to ZenGo, follow these steps:

Step 1

Firstly, you’ll need to log into your Pionex account using your usual login credentials.

Step 2

Once you’ve logged into your Pionex account, tap on “Wallet” and click on the “Withdraw” button. Here, you’ll find a list of all your cryptocurrency holdings.

Step 3

Scroll through the drop-down list and select the digital currency you would like to withdraw, along with the appropriate network for the transaction. Make sure the desired asset is supported by ZenGo; if it’s not, you can swap it for a stablecoin or another suitable cryptocurrency.

Step 4

In the withdrawal screen, you’ll need to provide your ZenGo wallet address. This address is crucial in ensuring that your funds reach the right destination. To locate your address, open your ZenGo app, click on the “Action” button, then tap on “Receive,” and you will find a list of tokens, select your desired cryptocurrency to reveal your unique ZenGo address.

Step 5

Next, enter the amount you wish to withdraw from Pionex into your ZenGo wallet. Be sure to double-check the amount before proceeding to the next step. Make sure you leave enough tokens to cover the network fees.

Step 6

Take a moment to review all the information you’ve entered. Make sure your ZenGo wallet address is correct, and the withdrawal amount is as you intended. When you’re confident that all the details are accurate, click the “Confirm” button to finalize the withdrawal. In case there is an additional security check or KYC-related restrictions, follow the instructions presented by the Pionex platform.

How to check that the crypto arrived in your Zengo app?

If you wish to check whether or not your funds have arrived, open the Zengo app and check the main balance screen. For more details, click on the “History” tab to see your recent transactions.

Keep Your Crypto Safe and Secure With Zengo

Zengo is a Web3-ready non-custodial crypto and NFT wallet that delivers industry-leading security, functionality, and user experience. Zengo is the ultimate platform for buying, storing, managing, and swapping cryptocurrencies while maintaining maximum safety and security.

Next-Gen Digital Asset Security

Zengo provides industry-leading digital asset security. It uses biometric facial recognition and MPC technology to ensure that you alone can access and recover your digital assets. On top of that, it features Web3 firewall protection, which adds an extra layer of security when you interact with external Dapps.

100% Self-Custody & Fiat Onramp Services

Unlike other platforms that dictate how and when you access your digital assets, Zengo offers complete self-custody. You maintain total and exclusive control over your crypto funds and NFTs. In addition, Zengo’s seamless fiat onramp options enable you to diversify your portfolio effortlessly.

24/7 Real Human Customer Support

If you have any issues while using Zengo or need a helping hand with something, we have a team of support agents ready to help. You won’t have to worry about interacting with bots when you contact us. Our team of friendly customer support representatives is available 24/7, ready to assist with any inquiries or issues you may face.

How to Withdraw Crypto From Zengo’s Wallet

Zengo makes it easy to withdraw funds to another wallet or cash out in fiat. To withdraw to another wallet, simply open the app, select “Actions,” and tap the “Send” button. Next, decide whichever cryptocurrency you want to withdraw and specify the amount. Finally, enter the receiving address and check everything is correct before you confirm the withdrawal.

Zengo also lets you withdraw crypto in the form of fiat currency, including USD, GBP, and EUR. Just navigate to the “Actions” menu, click “Sell,” choose the crypto you wish to withdraw and the fiat currency you want to receive, then enter the amount before confirming. Your funds will then be transferred to the bank account connected to your Zengo wallet.

Something's unclear?

Frequently asked questions

Below are answers to frequently asked questions related to cryptocurrency withdrawals from Pionex.

What is Pionex?

Pionex is a cryptocurrency exchange platform that offers an innovative approach to crypto trading by offering the use of trading crypto bots, allowing traders to execute trades based on extensive data processing and market analysis. Aside from that, Pionex stands out in the crypto trading landscape by aggregating liquidity from major exchanges like Binance and Huobi, enabling a smoother trading experience. The platform was launched in 2019, with its headquarters based in Singapore along with an incorporated entity in Princeton, New Jersey, USA. Pionex was founded by Daniel Seng-Cheng YEO, with Guojing Tang serving as the CEO of Pionex US.

Pionex Vs. ZenGo Comparison: What Are The Main Differences?

The key difference between Pionex and ZenGo is that Pionex is a cryptocurrency exchange focused on crypto trading bots, while ZenGo is a secure non-custodial crypto wallet. Pionex can be considered useful for making trades with the aid of AI and automation technology to help its users boost their profits and returns. Meanwhile, ZenGo is the best place to safely secure your cryptocurrencies and NFTs while at the same time interacting with Web3 Daaps, thanks to its state-of-the-art biometric protections and Web3 firewall.

Pionex Withdrawal Fees Explained

Pionex has varying withdrawal fees for each of the coins that it supports, so you may pay a little more when withdrawing certain types of crypto.

Pionex Withdrawal Limits Explained

Pionex has different withdrawal limits depending on the KYC level of your account. As of writing this guide (May 2023), new users and those at KYC Level 0 have a 0 USDT limit. This means that you will need to authenticate to at least KYC Level 1 to get a 20,000 USDT limit, and those who verify their accounts up to KYC Level 2 have a 1,000,000 limit. You can view the Pionex KYC authentication terms here.

How Long Does it Take to Withdraw from Pionex?

Many withdrawals will take a matter of minutes with Pionex, but some may get delayed up to an hour or even longer if manual reviews are required. It is also important to keep in mind that the withdrawal time will also vary depending on which blockchain you are using.

Problems That Can Occur Regarding Crypto Withdrawal from Pionex

Like any other crypto platform, wallet, or exchange, there are a few common problems that may arise if you’re not careful when filling in the details of your withdrawal. For this reason, it is crucial to enter the correct network and double-check the withdrawal address of your ZenGo wallet, as well as the correct amount of the digital currency you wish to withdraw. In addition, if you do not meet Pionex’s basic KYC requirements, you may not be able to withdraw.

How to Withdraw From Pionex to Fiat / Bank Account?

Withdrawing to fiat currencies is not currently possible via Pionex (May 2023). So, if you want to cash out your crypto into dollars or another fiat currency, you’ll first need to withdraw to a third-party service such as ZenGo and then make a secondary withdrawal into fiat.

How to Withdraw Crypto from Pionex