Can I Withdraw from FTX to My Bank Account?
FTX is one of the crypto platforms that make it easier to withdraw funds from your account to your bank. Users can choose their fund type but will need to make sure their bank details match their FTX account information before submitting. If they need assistance, FTX support is available anytime.
FTX is a cryptocurrency exchange platform headquartered in the Bahamas. FTX.com and FTX.US are its two websites with the latter servicing residents of the U.S. only. Crypto is a user-friendly method of investing funds and FTX makes it easy for you to take advantage of your investment. Many beginners have one question- can they withdraw from their FTX account to their bank accounts? The answer is yes.
Some All-Inclusive Advice
- If possible, setting up deposit alerts with your bank leaves one less thing to worry about when transferring money.
- FTX suggests ensuring your account has been verified so that you don't run into any problems while requesting the withdrawal amounts.
- Your withdrawal might be rejected or delayed if the name on the bank account and your FTX account don't match exactly.
- Wire transfer is recommended for faster payout and larger amounts especially when some withdrawals must clear one at a time. If you have any questions, please check the support pages.
The FTX.US Method
Bank login or use of the routing and account numbers are the two ways FTX.US users can link their bank accounts. Please keep in mind it may take 3-5 business days to process your withdrawal. If you see the amount deducted first from your FTX account and not deposited yet to your bank, relax. FTX does reassure users that withdrawals are being processed.
When you're ready to withdraw your funds:
- Visit FTX.US and click on the Wallet tab. Sign into your account if necessary.
- Choose the Withdraw option, and then choose the funding source which includes USDC- your cash balance on FTX.
- Select the bank account and amount. U.S. residents are required to perform the two-factor authentication, then click on the Submit button.
Reach out to FTX customer support here should you have any questions or concerns.
The FTX.com Method
FTX.com has many international policies in place, you may have fees depending on withdrawal amount and currency type. Please note that many banks in Europe also have fees receiving fees. Visit the support pages for the fee schedule.
Most transactions require a memo to be successful and your account must be verified at KYC level 2.
To make your request, go to FTX.com and select the Wallet tab. Then, click on Deposit and choose your currency type. Unfortunately, not much information is shown regarding the withdrawal process, but it's guessed you'll be instructed to choose the withdrawal option. Please reach out to FTX.com support if you need help.
Further questions?
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