Whether you’re a seasoned cryptocurrency investor or a newcomer to the world of digital assets, there comes a time when you’ll want to transfer your cryptocurrency from your PrimeXBT account to a secure, non-custodial wallet like Zengo.
In this how-to withdraw money from PrimeXBT guide, we’ll cover everything you need to know about withdrawing your assets from PrimeXBT and transferring them to your Zengo wallet. Be sure to follow all instructions carefully to ensure nothing goes wrong.
Before getting started, make sure that your Zengo wallet has been set up. It is available for download via Google Play or the Apple App Store. Zengo stands out from the crowd as a leading crypto and NFT wallet, equipped with top-notch security measures like Multi-Party Computation (MPC) technology, a robust Web3 firewall, and advanced biometrics.
After setting up the Zengo app and completing the onboarding steps, proceed to follow these simple instructions to withdraw your funds from PrimeXBT to Zengo:
Sign in to your PrimeXBT account. In order for withdrawals to be processed with fewer restrictions (such as daily limits), you may need to verify your account.
Head to the “Main” page of the account and click “Withdraw” on the crypto you wish to transfer.
In the withdrawal window, pick the wallet you wish to withdraw from. Then, select the right network. Verify that Zengo supports the token as well as the network. If it isn’t supported, swap it for a more common token and start over.
Enter the withdrawal address of your Zengo wallet. To add a new withdrawal address, click “Add new address” under “Network,” enter your wallet address and a note, click ‘Continue,’ input the Google 2FA code if enabled, then enter the emailed PIN and click “Ok” to whitelist the address for future withdrawals. If you need to find your Zengo address, go to the Zengo app, tap on “Actions,” then on “Receive,” and finally, choose the asset you wish to receive.
Please enter the desired amount that you would like to transfer. Double-check all details and click “Submit to Withdraw”. As a final step, verify your withdrawal with the link in your email inbox.
Simply open up your Zengo wallet app to check your updated balance, which should reflect the latest transaction once the funds arrive. For a comprehensive overview of your transaction history, you can also navigate to the “History” section within the app.
Renowned as one of the most secure crypto and NFT wallets, Zengo is equipped with features and cutting-edge security to safeguard your digital assets. Zengo not only allows users to purchase, sell, and trade a diverse range of cryptocurrencies but also enables effortless interaction with numerous Dapps and DeFi platforms via WalletConnect.
Zengo is a leading name in the world of digital asset protection, replacing conventional seed phrases with advanced biometrics. Zengo makes use of state-of-the-art Multi-Party Computation (MPC) technology, a robust Web3 firewall, and a smart recovery mechanism to make sure that your cryptocurrencies and NFTs are kept secure and in your control at all times.
Zengo, being a non-custodial wallet, provides you with total control over your assets. You’re free to transfer or withdraw your funds anytime. Plus, with Zengo’s fiat onramp functionality, investing in new cryptocurrencies using traditional fiat currencies, like Euros, Dollars, and Pounds Sterling, couldn’t be easier.
Zengo offers 24/7 round-the-clock customer service and support, ensuring any queries or issues are always addressed promptly. Our support team is composed of professionals who are ready to assist you with any inquiries you may have. You can reach them at any time of the year, even during holidays and weekends. Additionally, we have an online help center you can refer to for general information regarding our service.
Withdrawing from the Zengo wallet is very easy. Open the app, click “Actions,” and select “Send.” Choose the cryptocurrency, specify the amount, provide the recipient’s details, and validate the transaction.
Zengo also lets you make crypto withdrawals into fiat currencies like USD, GBP, and EUR. Within the “Actions” menu, click “Sell,” pick the desired crypto and fiat pairing, and confirm your withdrawal. The desired amount will then be credited to the bank account linked to your Zengo wallet.
Below, you’ll find the answers to some frequently asked questions about withdrawing cryptocurrency from PrimeXBT that you may find helpful.
PrimeXBT is a global trading platform that was founded back in 2018 and has its headquarters in the Seychelles and St. Vincent and the Grenadines. Despite being a relatively recent addition to the crypto scene, PrimeXBT has grown exponentially in the years since its launch and currently has users all over the world in over 150 countries. It provides a range of trading tools and various cryptocurrencies to buy and sell. It is important to note that PrimeXBT isn’t just a cryptocurrency exchange. Aside from their advanced crypto trading tools, they also offer other types of trading as well. Among its users, PrimeXBT is known for its powerful trade engine, which offers super-fast order execution and processing times, along with real-time risk management. It is worth mentioning that PrimeXBT likes to highlight that their whole system is powered by Amazon’s own AWS servers.
Both PrimeXBT and Zengo provide users with the ability to buy and trade crypto assets. It is true that they share some similarities, but they also have notable differences, especially regarding their priorities and technologies. To start with, while PrimeXBT is considered to be a centralized crypto exchange, it does not exclusively focus on cryptocurrencies but rather offers a diverse line of financial products and services. In contrast, Zengo is designed exclusively as a secure, non-custodial crypto and NFT wallet. The Zengo team places a great deal of emphasis on security and privacy. The wallet uses industry-leading security technologies, like MPC and 3-factor authentication, to safeguard its users and their assets. On top of that, Zengo lets you interact with a variety of Dapps while keeping you safe with its Web3 firewall.
If you want to withdraw funds from PrimeXBT, you’ll need to pay the withdrawal fee, which is a flat rate for any amount. The fee itself can vary depending on which kind of crypto you want to withdraw and the network used for the process. You can learn more about their withdrawal fees on their dedicated FAQ page.
According to the FAQ section on their website, PrimeXBT imposes a 24-hour withdrawal limit of $20,000 or its equivalent in other currencies per account. The limit applies to the total sum of all submitted withdrawals within 24 hours. However, users are able to remove this withdrawal limit by verifying their accounts. The current 24-hour withdrawal limit that applies to your account is displayed in the “Settings” section of your account.
According to PrimeXBT’s FAQ section, all pending withdrawals on their platform are processed once a day, between 12:00 and 14:00 UTC. If a withdrawal is requested before 12:00 UTC, it will be processed on the same day. However, any withdrawal requested after 12:00 UTC will be processed on the following day. Therefore, if a withdrawal is requested after 12:00 UTC, there could be a wait of over a day to see the funds in your wallet.
There’s always a risk when withdrawing crypto that you might accidentally send it to the wrong account or enter the wrong withdrawal information. This is why it’s so vital to make sure you type in the correct details, such as the correct wallet address for your Zengo wallet, and make sure you double-check everything before confirming the transfer. In addition, since PrimeXBT doesn’t process any withdrawals made after 12:00 UTC until the next day, you may not always be able to rely on this service for instant transfers of funds. Furthermore, PrimeXBT has a daily withdrawal limit on accounts that are not verified, so if you need to withdraw more than the daily limit, you will need to verify your account.
PrimeXBT supports the withdrawal of crypto to fiat currencies, including USD. To do this, click on the “Main” page, then “Withdraw” on your chosen currency. Pick the wallet you wish to withdraw from, enter the payment method (only AdvCash is supported for now), and enter the other relevant details before clicking the “Submit to Withdraw” button. As an alternative, if you want to withdraw your funds in fiat more easily, you can transfer them to your Zengo wallet and then withdraw them to the bank account associated with your Zengo wallet.
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