How to withdraw from BitMEX contracts

To withdraw funds from BitMEX contracts, users must have a positive balance, a withdrawal address, 2FA enabled, and follow the provided steps, including entering the withdrawal amount, address, and 2FA code for confirmation.

Nov 09, 2024 at 09:43 pm

How to Withdraw from BitMEX Contracts

BitMEX is a cryptocurrency derivatives exchange that offers a variety of futures and perpetual contracts. Withdrawing from BitMEX contracts is a relatively straightforward process, but there are a few steps that you need to follow in order to do so.

Prerequisites:

1. You must have an active BitMEX account with a positive balance.
2. You must have created a withdrawal address for the cryptocurrency that you wish to withdraw.
3. You must have 2FA enabled on your BitMEX account.

Steps:

1. Log in to your BitMEX account.
2. Click on the "Wallets" tab.
3. Select the cryptocurrency that you wish to withdraw.
4. Click on the "Withdraw" button.
5. Enter the amount of cryptocurrency that you wish to withdraw.
6. Enter the withdrawal address for the cryptocurrency that you wish to withdraw.
7. Click on the "Withdraw" button.
8. Confirm the withdrawal by entering your 2FA code.

Fees:

BitMEX charges a small fee for each withdrawal. The fee varies depending on the cryptocurrency that you are withdrawing. You can view the withdrawal fees for each cryptocurrency on the BitMEX website.

Security:

It is important to note that withdrawing from BitMEX contracts is a irreversible process. Once you have withdrawn your funds, you will not be able to recover them. It is also important to ensure that you are withdrawing your funds to a secure wallet.

Additional information:

• You can only withdraw funds from BitMEX contracts that are settled in the same cryptocurrency. For example, you cannot withdraw funds from a Bitcoin contract to an Ethereum address.
• If you have any issues withdrawing from BitMEX contracts, you can contact BitMEX support for assistance.