How to withdraw cash from LBank contract

How to Withdraw Cash from LBank Contract

Introduction:

LBank is a renowned cryptocurrency exchange that allows users to trade various digital assets. It provides a wide range of services, including spot trading, futures trading, and contract trading. Withdrawals from LBank are simple and straightforward, and this guide will walk you through the process of withdrawing cash from your LBank contract in detail.

Step 1: Log In to Your LBank Account

• Visit the LBank website (https://www.lbank.info/) and click on "Sign In" at the top right corner of the page.
• Enter your email address or phone number and password.
• If you have 2FA enabled, enter the code received on your registered device.
• Click on "Log In" to access your account.

Step 2: Navigate to the Contract Trading Page

• After logging in, hover over "Trading" in the top menu and click on "Contract Trading" from the drop-down menu.
• This will take you to the contract trading page, where you can view your open contracts and make new trades.

Step 3: Select the Contract You Want to Withdraw From

• On the contract trading page, scroll down to the "My Contracts" section.
• Find the contract you want to withdraw cash from and click on "Close" to close the position.
• Confirm the details and click on "Confirm" to execute the close.

Step 4: Transfer Funds from the Futures Account to the Spot Account

• After closing the contract position, the funds will be credited to your futures account.
• To withdraw the funds to your spot account, click on "Assets" in the top menu and then click on "Futures Account" from the drop-down menu.
• On the futures account page, click on "Transfer" and enter the amount of funds you want to transfer to your spot account.
• Confirm the transfer request, and the funds will be moved to your spot account.

Step 5: Withdraw Funds to Your Bank Account

• Once the funds are in your spot account, click on "Assets" in the top menu and then click on "Spot Account" from the drop-down menu.
• On the spot account page, click on "Withdraw" and select the fiat currency you want to withdraw.
• Enter the amount of funds you want to withdraw, and provide the necessary bank account information.
• Confirm the withdrawal request, and the funds will be sent to your bank account within 1-2 business days.

Additional Tips:

• Ensure that you have sufficient funds in your futures account before closing the contract position.
• Double-check the bank account information provided while withdrawing funds to avoid any issues.
• Please note that LBank may charge a small transaction fee for withdrawals.
• Consider using a KYC-verified account to avoid delays in withdrawals.