When you need to move Cryptocurrency from your WazirX wallet to another wallet/exchange, you need to go through the process of Withdrawing cryptocurrency from your WazirX account.
The first step here is to get the Deposit address from the receiving wallet/exchange that you want to deposit the cryptocurrency to. The steps involved to get your Deposit address depend on the wallet/exchange you want to deposit to. Once you have your deposit address ready with you, follow the below steps in your WazirX account -
DesktopiOSAndroid
Click on Funds at the top right of your screen
Select the coin you want to Withdraw
Click on the Withdraw button
Type or paste the Destination Address. Cross check the destination address carefully.
Enter Coin amount you want to move. (Pro Tip: Click on Withdraw All if you want to move the full coin balance from your wallet)
Add any Remarks for your own reference. (The remark will only be seen in your WazirX account and not your receiving account)
Click on Proceed. You will be sent a One Time Password (OTP) on your mobile
Enter your OTP & Click on confirm.
Open your email & click on Approve this withdrawal button in the confirmation email you receive.
⚠️Important: Always check the destination address carefully. If you enter the wrong destination address or enter the destination address of the wrong coin, it will be lost forever and there is nothing we can do.
How much time will the Withdrawal take?
Currently, withdrawals could take upto 24 hours to process. But we try to process withdrawals as fast as possible. Most withdrawals are processed in much lesser time than we estimate :)
For security reasons, we store most funds in a cold wallet. Sometimes, if the withdrawal requests are high and funds in the hot wallet are not enough to meet demand, we move funds from the cold wallet. This process usually takes longer but is a much safer and secure system.
