How to withdraw money from Open Sesame Exchange?

To withdraw cryptocurrency from Open Sesame Exchange, navigate to the "Withdraw" page, enter the recipient's wallet address, select the amount and cryptocurrency, check the details, and process the transaction for blockchain confirmation.

Dec 20, 2024 at 08:24 am

Key Points:

• Navigate to the "Withdraw" page in your Open Sesame Exchange account.
• Enter the recipient's wallet address and the amount you wish to withdraw.
• Select the cryptocurrency you want to withdraw from the dropdown menu.
• Check and confirm the transaction details.
• Process the withdrawal and wait for the blockchain confirmation.

Detailed Steps:

1. Navigate to the "Withdraw" Page:

• Log in to your Open Sesame Exchange account.
• Hover over the "Account" tab and select "Withdraw" from the dropdown menu.

2. Enter Recipient's Wallet Address:

• In the "To" field, enter the cryptocurrency wallet address of the recipient.
• Ensure the address is correct to avoid losing your funds.

3. Specify Withdrawal Amount:

• Indicate the amount of cryptocurrency you wish to withdraw in the "Amount" field.

4. Select Cryptocurrency:

• From the dropdown menu, select the cryptocurrency you want to withdraw.
• Open Sesame Exchange supports withdrawals for Bitcoin, Ethereum, and various other altcoins.

5. Check and Confirm Transaction Details:

• Carefully review the withdrawal details, including the recipient's address, amount, and cryptocurrency.
• Double-check to ensure all information is accurate and complete.

6. Process the Withdrawal:

• Click the "Withdraw" button to initiate the withdrawal process.
• Open Sesame Exchange may require additional verification, such as providing a two-factor authentication (2FA) code.

7. Wait for Blockchain Confirmation:

• Once the withdrawal is processed, the transaction will be broadcast to the blockchain for confirmation.
• The confirmation time depends on the cryptocurrency and blockchain load.

FAQs:

Q: What is the minimum withdrawal amount on Open Sesame Exchange?
A: The minimum withdrawal amounts vary depending on the specific cryptocurrency. Check the Open Sesame Exchange website for the minimums applicable to the cryptocurrency you wish to withdraw.

Q: Are there any withdrawal fees on Open Sesame Exchange?
A: Yes, Open Sesame Exchange charges withdrawal fees to cover transaction costs on the blockchain. The withdrawal fees vary depending on the cryptocurrency and current network conditions.

Q: How long does it take to withdraw money from Open Sesame Exchange?
A: The processing time for withdrawals varies and depends on the cryptocurrency and current blockchain load. Once processed, the withdrawal typically reflects in the recipient's wallet within a few minutes or hours.

Q: What should I do if my withdrawal is not processed or credited to my account?
A: Contact Open Sesame Exchange's support team through the provided channels (usually email or live chat). Provide the transaction details for assistance and resolution.