How to Withdraw Money from BitMart: Step-by-Step Guide

Withdrawing cryptocurrency from BitMart might sound complicated,right? but trust me it is quite easy if you follow the steps closely. This guide will walk you through everything you need to know, from selecting the right network to completing your withdrawal smoothly.

So, let’s get started.

Overview of Withdrawals on BitMart

There are two types of withdrawals on BitMart:

1. External Withdrawal (via Crypto Network): Transfers crypto to wallets or exchanges outside BitMart.
2. Internal Transfer (within BitMart): Transfers to other BitMart accounts, which is instant and free.

In this tutorial, we’ll focus on external withdrawals — specifically withdrawing USDT to another platform or wallet via a crypto network.

Step-by-Step Guide to Withdraw from BitMart

Step 1: Log in to Your BitMart Account

1. Visit the BitMart website or open the BitMart mobile app.
2. Use your email address and password to log in.
3. If you’ve enabled two-factor authentication (2FA), enter the code sent to your Google Authenticator app for added security.

Step 2: Go to the “Assets” Section

1. Once logged in, locate the “Assets” section:
   • On the website: You’ll find Assets in the top menu.
   • On the app: Tap on Assets at the bottom right of the screen.

This section shows your crypto holdings and allows you to make deposits and withdrawals.

Step 3: Select “Withdraw”

1. On the Assets page, click or tap Withdraw.
2. A list of your available cryptocurrencies will appear.
3. Find and select the coin you want to withdraw (e.g., USDT).

Step 4: Choose a Withdrawal Type

• Send via Crypto Network: Use this option to send your crypto to wallets or exchanges outside of BitMart.
• Internal Transfer: Use this to send crypto to other BitMart users without any fees.

For this guide, we’ll focus on “Send via Crypto Network.”

Step 5: Enter the Withdrawal Details

1. Select the Network:
   • Choose the network that matches the destination wallet. For USDT, common options include ERC20 and TRC20.
   • Important: Make sure the network type on BitMart matches the one on the receiving platform. Using the wrong network could result in losing your funds.
2. Paste the Wallet Address:
   • Copy the deposit address from the wallet or exchange where you want to send the crypto.
   • Paste this address into the Withdrawal Address field on BitMart.
3. Enter the Withdrawal Amount:
   • Type the amount of crypto you want to send.
   • BitMart will show the withdrawal fee and the final amount you’ll receive after the fee is deducted.

Step 6: Complete Security Verification

For added security, BitMart requires multiple forms of verification:

1. Email Verification:
   • A code will be sent to your registered email.
   • Enter the code in the verification field.
2. SMS Verification:
   • If you have SMS enabled, you’ll receive a code on your phone. Enter it when prompted.
3. Google Authenticator Code:
   • If you have 2FA enabled, open the Google Authenticator app and enter the displayed code.

Once you’ve entered all the codes, click Submit to proceed.

Step 7: Review and Confirm the Withdrawal

1. Double-check all the details:
   • Wallet address
   • Network type
   • Withdrawal amount and fees
2. Once you’re certain everything is correct, confirm the withdrawal by clicking Withdraw.

Step 8: Monitor the Transaction Status

1. After submitting, your withdrawal request will be processed by BitMart.
2. You can track the status of your transaction in Fund History > Withdrawals.

• Processing: Your request is being processed by BitMart and the blockchain network.
• Completed: The crypto has been successfully transferred to the receiving wallet.
• Failed: If there’s an issue, you can contact BitMart support to resolve it.

Important Things to Keep in Mind

1. Double-Check Addresses:
   • If you enter the wrong wallet address, the transaction cannot be reversed, and your funds will be lost.
2. Match the Network:
   • Ensure the network on BitMart matches the one on your destination wallet (e.g., TRC20 to TRC20). Mismatched networks can result in lost funds.
3. Minimum Withdrawal Limits:
   • Each cryptocurrency has a minimum withdrawal amount. Make sure your withdrawal meets the limit.
4. Withdrawal Fees:
   • BitMart charges a small fee for withdrawals to cover network costs. Fees vary depending on the coin and network used.

How to Withdraw Money from BitMart to Bank Account

Withdrawing money from BitMart to a bank account involves multiple steps, including converting your cryptocurrency into fiat currency and using third-party platforms, as BitMart does not directly support bank withdrawals. Below is a detailed step-by-step process to help you complete the withdrawal.

Step 1: Convert Crypto to USDT or Fiat on BitMart

If your funds are held in cryptocurrencies other than USDT, you need to convert them to USDT or another stablecoin to simplify the withdrawal process. Here’s how:

1. Log in to your BitMart account via the website or app.
2. Navigate to the Spot Market.
3. Search for the appropriate trading pair, such as BTC/USDT or ETH/USDT.
4. Sell your crypto for USDT by entering the amount you wish to trade and confirming the transaction.
5. Once completed, your USDT balance will appear in the Assets section of your BitMart wallet.

Step 2: Transfer USDT to a Fiat-Friendly Exchange or Wallet

Since BitMart does not support direct fiat withdrawals to banks, you’ll need to transfer your USDT to an exchange or platform that offers fiat withdrawals (e.g., Binance, Coinbase, or a P2P wallet).

1. Log in to your BitMart account.
2. Go to Assets > Withdraw.
3. Select USDT from the cryptocurrency list.
4. Paste the wallet address from the receiving exchange (e.g., your Binance USDT address). Ensure the network type (like TRC20 or ERC20) matches on both platforms.
5. Enter the amount of USDT to transfer.
6. Complete the security verifications, such as email and Google Authenticator codes.
7. Click Withdraw and wait for the transfer to process (network confirmations may take a few minutes to an hour).

Step 3: Convert USDT to Fiat Currency on the Destination Exchange

Once your USDT arrives on the new platform, the next step is to convert it into fiat currency (e.g., USD, EUR).

1. Go to the Trade section on the receiving platform.
2. Search for a USDT/Fiat trading pair (e.g., USDT/USD).
3. Sell your USDT by entering the amount and confirming the trade.
4. Your fiat currency will now appear in the Wallet section of the exchange.

Step 4: Withdraw Fiat Currency to Your Bank Account

Now that you have fiat currency, you can initiate a withdrawal to your bank account. Follow these steps:

1. Go to the Fiat Withdrawal section of the exchange (e.g., Binance > Wallet > Fiat & Spot > Withdraw).
2. Select the Fiat currency (e.g., USD).
3. Choose the bank transfer option, such as Wire Transfer, SEPA, or ACH, depending on your region and bank.
4. Enter your bank details, including:
   • Bank account number
   • Bank name
   • Routing number or SWIFT code (if required)
   • Account holder’s name (must match the exchange account name)
5. Input the amount you wish to withdraw and confirm the transaction.
6. Review any withdrawal fees—some platforms may charge a small fee for bank transfers.
7. Complete any required verification steps (some exchanges may require additional identity verification for large transfers).

Once confirmed, the funds will typically arrive in your bank account within 1-5 business days, depending on the bank and region.

How to Withdraw USDT via TRC20

1. Log in to your BitMart account and go to Assets > Withdraw.
2. Select USDT from the list of available coins.
3. Choose the TRC20 network for a low-fee transaction.
4. Paste the TRC20 deposit address from your external wallet.
5. Enter the amount of USDT you wish to withdraw and check the fee.
6. Complete the security verification by entering the email, SMS, and Google Authenticator codes.
7. Submit the withdrawal and wait for the network to process it.
8. Track the transaction in Fund History to confirm when the transfer is complete.

How Long Does It Take to Withdraw?

• The time it takes for a withdrawal to complete depends on the blockchain network.
• Internal transfers (within BitMart) are instant.
• On-chain withdrawals may take a few minutes to an hour, depending on network congestion.

What If Something Goes Wrong?

• Wrong Address: Unfortunately, transactions to the wrong address cannot be recovered. Always double-check before confirming.
• Pending Withdrawal: If your withdrawal stays in “processing” status for too long, it could be due to network congestion or low gas fees.
• Failed Transactions: Contact BitMart support if your withdrawal fails.

Conclusion

Withdrawing money from BitMart is easy once you follow these steps carefully. Make sure to double-check every detail—especially wallet addresses and network types—before confirming your withdrawal. If done correctly, your crypto will safely reach the intended destination.

Now that you know how to withdraw from BitMart, you can confidently move your assets to other wallets or exchanges!