FAQ about Withdrawal

How long does it take for my withdrawal to arrive? 
Three procedures of a cryptocurrency transfer: Withdrawn ➞ Block Confirmations ➞ Deposited. 

1. Withdrawn from CoinEx: Our system will automatically conduct the internal check and audit your withdrawal request. The time of auditing can vary from the withdrawal amount. In general, the withdrawal will be sent out within 5-15 minutes automatically. It will be slightly delayed for a large-amount withdrawal, which will be sent out within 15-30 minutes. If your withdrawal hasn't been sent for a long time, please submit a ticket for assistance.

2. Block Confirmations： TXID will be found on [Withdrawal Records] to check the transfer status once available.  You can also enter your withdrawal address on the explorer of the corresponding coins/tokens to check TXID and transfer status.

3. Deposited on the recipient platform: Withdrawal will be completed once it has enough blockchain confirmations requested by the recipient platform.

Tip: Please contact the receipt platform for help if the withdrawal was sent out successfully from CoinEx but you still didn’t get it.

Is there any minimum or maximum limit for withdrawal?
CoinEx only sets a MINIMUM limit for cryptocurrency withdrawal. (Click to check Minimum Withdrawal) 

What should I do if I didn't receive the asset after a withdrawal?

1. If withdrawal status shows "Confirming", please check and confirm your verification email.
2. If withdrawal status shows "Pending", please wait for the system auditing process.
3. If withdrawal status shows "Passed" but no TXID for a long time, please submit a ticket for help.
4. If withdrawal status shows "Sent" but not received yet, please click TXID to check the transfer status on the explorer.
5. If withdrawal status shows "Sent" with enough confirmations on the explorer but has not been received yet, please contact the receipt platform for assistance. 

Is there any withdrawal fee for withdrawals?

Withdrawal from CoinEx requires withdrawal fee, namely miner fee. (Except for BCH withdrawal)

In cryptocurrency system, every single transition with detailed information is recorded in a "Ledger", including input/output wallet address, amount, time, etc. 

This "Ledger" is known as blockchain records, 100% transparent and unique. The person who records the transaction on the "Ledger" is called miner. In order to attract miners to speed up the process of transaction confirmation, you will need to pay a certain amount of fee to miners when transferring assets. To guarantee instant confirmation of your transaction, CoinEx will calculate and readjust to optimal miner fees based real-time crowdedness of blockchain network accordingly. （Please Refer to Withdrawal Fee)

Kind Reminder: When withdrawing to an address in CoinEx, [Inter-user Transfer] is recommended. By entering its CoinEx account (Mobile or Email), your assets will be transferred within CoinEx system instantly without the need for on-chain confirmations or fees.

Can I cancel my withdrawal?
1. If the withdrawal status is "Confirming" or "Pending", you can click [Cancel] on [Withdrawal Records] page to cancel your withdrawal.

2. Withdrawal cancellation is not available if the withdrawal status is "Audited" or "Sent". If your coins are sent to the network, please contact support from your recipient for help. However, if you do not know the owner of this address, your assets will be LOST and NOT refundable.

Can I withdraw to a Smart Contract address?
CoinEx does not support withdrawal to a smart contract address. If your assets are lost due to the withdrawal to a smart contract address, CoinEx will not retrieve them for you. Please double-check the recipient's address when making a withdrawal.

Inter-User Transfer 
When using [Inter-user Transfer] for withdrawal, your assets will be transferred within CoinEx system instantly without the need for on-chain confirmations or fees.

What you need to do is to contact the recipient to confirm the receipt. If you withdraw to another CoinEx account, you can just log in to the account and check the balance. Transaction ID and blockchain confirmation are not needed.

What Should I Do if I Withdraw the Wrong Address?
1. You can click [Cancel] on the Withdrawal Records page to cancel your withdrawal if the status of withdrawal is "Confirming" or "Pending".

2. Your withdrawal cannot be canceled if the status is "Audited" or "Sent". Digital currency transactions are irreversible. Once withdrawn, only the receiver can return the coin to you, so CoinEx is unable to help you get it back. In this case, we suggest you contact the recipient platform of the wrong address for help. If you do not know whose address is, the assets will not be recovered.

What Should I Pay Attention to When Withdrawing a Label Coin?

Tips: When withdrawing label coins above from CoinEx, you are supposed to fill in the withdrawal address and Memo/Tag/Payment ID/Message based on the requirement of your receiving platform. If you forget to attach labels, your assets will be LOST and NOT refundable. Please be careful to avoid unnecessary property loss!

How to check the transfer status after withdrawal?

Inter-user Transfer
When using [Inter-user Transfer] for withdrawal, your assets will be transferred within CoinEx system instantly without the need for on-chain confirmations or fees. What you need to do is to contact the recipient to confirm the receipt. If you withdraw to another CoinEx account, you can just log in to the account and check the balance. Transaction ID and blockchain confirmation are not needed.

Normal Withdrawal
No one can affect the speed when transactions are confirmed on the blockchain, which is purely based on the conditions of the network. Time for block generation varies from coin to coin and so do required confirmations. Therefore, the exact arrival time of your withdrawal is determined by the blockchain network block generation and your receiving platform. After withdrawing from CoinEx, you can check the detailed transaction information on the respective blockchain explorer to check the confirmation status.

Click Deposit & Withdrawal Fees for more details

1. CoinEx sets a single MINIMUM limit for cryptocurrency withdrawal. The minimum withdrawal limit for each coin/token will be adjusted automatically based on "market value". 
2. To guarantee instant confirmation of your transaction, CoinEx will calculate and readjust to optimal withdrawal fees based real-time crowdedness of blockchain network accordingly. 

How to calculate the withdrawal amount of deflationary tokens from CoinEx?
1. For users to withdraw deflationary tokens from CoinEx, in addition to paying the withdrawal fees of the platform, a certain percentage of the token will be deducted on the blockchain automatically. And the final receiving amount will be determined by your deposit platform.
Different deflationary tokens may have different deflationary rates. For more details, please refer to: https://www.coinex.com/asset/withdraw.

2. Assuming the withdrawal amount on CoinEx is A, the withdrawal fee is B, and the deflationary rate is C, the transaction amount on the blockchain will be (A-B)*(1-C).

Take BABYDOGE as an example.
The deflationary rate of BABYDOGE is 10%, and the withdrawal fee is 10 BABYDOGE.
If you withdraw 1,000 BABYDOGE from CoinEx,
the amount sent out from CoinEx will be (1,000-10)*(1-10%) = 891,
that is, the transaction amount on the blockchain is 891 BABYDOGE.