It’s quite an easy process to withdraw BTC and ETH from WazirX to your Hot or Cold crypto wallet.
But most of the new crypto users that joined in the bull run are not so sure about how anything related to cryptocurrencies works. Including how to withdraw their coins and tokens once you’ve purchased some on an exchange.
One mistake, and your cryptocurrencies could be lost forever.
In this tutorial, you will learn how to withdraw two of the most popular cryptocurrencies on the planet – Bitcoin (BTC) and Ethereum (ETH) from WazirX. Safely.
Pay attention to every detail, don’t rush, and don’t ever leave your cryptocurrencies in an exchange.
Use this guide as a step-by-step reference every time you withdraw any cryptocurrencies from WazirX until you get completely confident.
Step 1: Log in to your WazirX Account
First, you need to login into your WazirX dashboard. Login safely, use a VPN, make sure you are using Two Factor Authentication, and confirm the URL before you enter your credentials.
Step 2: Click on Funds
Inside your WazirX dashboard and click on Funds. Here, select the cryptocurrency you would like to withdraw. In this tutorial. We are going to withdraw ETH as an example. So I’ll click on the “Withdraw” button for ETH.
Step 3: Open your Hot/Cold crypto wallet and copy the BTC address.
Copy the ETH address if you wish to withdraw Eethereum. Sames goes for BTC.
The address below the QR code is what I need. I’ll copy it as it is and paste it deposit address asked by WazirX (In the next step).
You can’t withdraw ETH in a Bitcoin wallet and vice versa. Keep in mind, that if you try to withdraw any other coin to a crypto wallet that, apart from the one it supports, you will lose your funds forever.
Most wallets, for example, Trust Wallet by Binance, has a security feature that frequently changes your Bitcoin wallet’s receiving address. Once registered to your wallet, these BTC addresses never expire. They will work forever.
The reason I recommend using a new BTC address is because of privacy and security. Anyone can see how much BTC you’re HODLing using your public key address. And believe me, you don’t want that if you have a significant amount of BTC or ETH in your wallet.
So it’s best to keep switching addresses every time you hit the threshold of $500 per BTC wallet address.
ETH wallets don’t use multiple addresses. However, you can use multiple wallet applications as an alternative. Let’s say, using Coinbase Wallet, Atomic Wallet, Exodus, and Trust Wallet, you can divide the amount of Ethereum you keep in each. Here are my picks for the top crypto wallets.
Next, enter the paste the ETH wallet address you copied from your wallet into the “Destination Address.” Make sure it matches your wallet address by confirming it twice.
Select the volume – how much ETH you wish to withdraw and enter Remarks.
Click on Proceed with Withdrawal button.
Step 4: Confirm the Withdrawal
You will need to confirm your decision by entering the authentication code from your authentication app or by entering the confirmation code sent to your phone number.
The final step is to confirm the withdrawal by clicking the confirmation link sent to your WazirX account email.
Here’s the email you’ll receive:
Click on the “Approve this Withdraw” button.
That’s it – you’ve successfully larnt how to withdraw cryptocurrencies like ETH and BTC from WazirX to your personal wallet. Depending on the coin, it would take a few minutes before the coins show up in your wallet.
You’ll receive an email with the transaction# – click on it to verify if the transaction is confirmed on the blockchain. If it is confirmed and you haven’t received it yet, chances are it’s gone forever. So make sure you don’t rush while withdrawing crypto from any exchange.
I’ve also got a tutorial if you’d like to know how to withdraw DOGE from WazirX.