how to transfer funds from exodus wallet to bank account

Exodus wallet users can conveniently transfer funds to their bank accounts by following a step-by-step process involving selecting the asset, entering bank details, specifying the amount, and confirming the transaction.

Oct 30, 2024 at 10:15 pm

How to Transfer Funds from Exodus Wallet to Bank Account

Step 1: Open Your Exodus Wallet

• Launch the Exodus wallet application on your device.

Step 2: Sign In to Your Account

• Enter your password or passphrase to access your wallet.

Step 3: Select the Asset You Wish to Transfer

• From the Exodus dashboard, select the cryptocurrency you wish to transfer to your bank account.

Step 4: Click on the "Withdraw" Option

• Navigate to the asset page and click on the "Withdraw" button.

Step 5: Enter Your Bank Account Details

• In the withdrawal form, select your preferred bank account.
• Enter the bank account number, routing number, and any necessary swift or IBAN code.
• Verify that all details are correct.

Step 6: Specify the Amount

• Enter the amount of cryptocurrency you wish to withdraw.
• Ensure that you have adequate funds in your Exodus wallet.

Step 7: Choose the Withdrawal Method

• Exodus offers several withdrawal methods, such as Ripple Connect, SEPA, or Over the Counter (OTC).
• Select the method that suits your requirements and location.

Step 8: Review and Confirm

• Carefully review the withdrawal details, including the amount, bank account, and withdrawal method.
• If everything is correct, click on the "Confirm" button.

Step 9: Processing Time

• Depending on the withdrawal method, processing times can vary.
• Exodus generally processes withdrawals within 24-48 hours.
• Ripple Connect may process withdrawals instantly, while OTC withdrawals can take longer.

Step 10: Receive Funds in Your Bank Account

• Once the withdrawal is processed, the funds will be transferred to your specified bank account.
• You may receive a confirmation email or notification from Exodus when the transfer is complete.

Additional Notes:

• Exodus charges withdrawal fees based on the withdrawal method chosen.
• Ensure that you have a connected and stable internet connection before initiating a withdrawal.
• Be aware of any withdrawal limits or restrictions set by Exodus or your bank.
• If you encounter any issues during the withdrawal process, contact Exodus support for assistance.