Can I withdraw my bitcoin?

You can withdraw your bitcoin from your Coinbits account and send it to your own wallet. In fact, we encourage you to self-custody your bitcoin, and we are here to help if needed.

How to withdraw bitcoin

First, enable two-factor authentication on the Settings page.

Once enabled, head over to the Withdraw page.

Enter the amount of bitcoin you’d like to withdraw. The minimum amount you can withdraw per transaction is 0.000005 bitcoin.

You can withdraw any amount that is less than or equal to the amount displayed next to “Available to Withdraw”.

There is a 10 business day coin lock on all newly purchased bitcoin. The coin lock helps protect us against potential fraud. Any bitcoin that is locked will appear next to “Awaiting Unlock”.

Enter the wallet address where you wish to send your bitcoin. Click the “Withdraw” button once you are ready.

A pop-up will appear asking you to confirm the withdrawal. Click “Confirm” if the information is correct.

Enter the two-factor code from your authenticator app, and click “Verify”.

Important: After this step, you will receive two emails. The first email is a “request received” email from us. The second email is a disbursement confirmation from our banking partner, Prime Trust. For your bitcoin withdrawal to occur, you will need to click on the verification link.

Once you’ve confirmed the disbursement, your bitcoin will be sent to your wallet within the next hour. In rare cases, your bitcoin may take up to 1 business day to send.

Updated on:
August 1, 2022