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Withdraw Crypto from CoinByte

To withdraw any asset on CoinByte, you must first add and verify a withdrawal address, please refer to Add a crypto wallet address.

Make sure you're using the right network before sending or receiving crypto, please refer to Select a corrct network.

All new withdrawal addresses require 2FA verification, including:

  • Email and SMS confirmation
  • Google authenticator verification

⚠️Important notice:

  • It's essential to carefully choose the correct network before sending or receiving crypto.
  • Always verify both the address and network before making any transfers.
  • Crypto withdrawals cannot be canceled. Once a transaction is confirmed on the blockchain, it cannot be undone.
  • Always verify that the address and selected network match your intended transfer. A mismatch could result in permanent loss of funds.

How to withdraw crypto from CoinByte?​

App​

  1. Select Withdraw in Dashboard.
  2. Select Crypto currency withdrawal, then select the cryptocurrency you want to withdraw.
    3. withdraw crypto app1
  3. Select the withdrawal address from the list.
  4. If it is your first withdrawal of this crypto asset, you need to add a withdrawal address. Please read Add or remove a crypto withdrawal wallet address.
  5. Enter the amount of the asset you want to withdraw, review the fees and withdrawal amount.
    6. withdraw crypto app1
  6. Select Confirm. You will need to do 2FA verification to finish the withdrawal.

Memo codes or Destination Tags​

Transactions on some networks, such as Stellar (XLM), Cosmos (ATOM), and Ripple (XRP), will require additional information in the "Memo" field.

In a similar way to when you pay your rent or send funds to a bank account, the receiver requires a "reference code" to identify who the transaction is from. A message like the one shown will indicate if it is needed for your transaction.

Always ensure you include this information to avoid permanent loss of funds.

How long does crypto withdrawal take?​

Crypto withdrawals are processed and initiated immediately but will remain in a pending status until one confirmation is recorded on the blockchain network.

The processing time may vary depending on:

  • The asset being withdrawn
  • Network congestion at the time of the transaction

Limits​

💡 Limits include both cash and crypto transactions.

  • Minimum withdrawal amounts differ depending on the asset and the chosen network. You can see minimum withdrawal amounts in each asset's withdrawal page .
  • Daily maximum withdrawal: $50,000 AUD equivalent.

Restriction of withdrawal address​

As a cryptocurrency trading platform, CoinByte faces unique compliance risks. We implement strict measures to protect our platform and users from scams and money laundering.

CoinByte supports external wallet withdrawals. However, in line with our Fraud Prevention and Anti-Money Laundering (AML) policy, we prohibit crypto transfers to the following platforms or services:

  • ❌ Online gambling sites
  • ❌ Online pharmacies or medication stores
  • ❌ Dark web marketplaces
  • ❌ Fraudulent or illegally operating platforms (e.g., MTI.club, CashFX, Lionshare, YieldNodes)

These platforms may violate Australian law. Any withdrawals to such services are blocked by our system and may trigger restrictions on your account.

For more, please refer to our Terms of Services.