Now, I wrote how to withdraw DOGE.
A reader asked about how to do the same with SHIB. I wrote a tutorial for SHIBA INU tokens, even though the steps are exactly the same.
I think there is confusion going on regarding how to withdraw coins listed under the Rapid Listing Initiative on WazirX, and there should be. Since many new crypto enthusiasts are still learning about the whole system. And when a system involves money, you should always be careful and skeptical.
Rapid Listing Initiative means tokens listed under this initiative won’t support deposits or withdrawals. Meaning, you can only trade these tokens on the WazirX exchange and can’t move them in or out.
There is no option to withdraw these coins directly, but since WazirX is connected with Binance, you can transfer the balance to your Binance account and withdraw it to your wallet. Pretty easy.
The other way is to convert those coins to a “withdrawable” coin such as USDT, ETH and then withdraw it to exodus and exchange it to your desired cryptocurrency. This process is quite costly since there are multiple fees involved.
The cost-effective way is using Binance.
Let’s see how you can withdraw coins listed under a rapid listing initiative from WazirX.
Step 1: Log in to Your WazirX account
Go to WazirX & Binance connect page here and make sure your accounts are linked together.
Step 2: Transfer the funds to your Binance account.
Open your WazirX dashboard and click on funds.
On the top, you’ll notice the “Transfer to Binance” option. Click on it and transfer whichever coin you wish to withdraw to your own wallet.
Complete the transfer. The best part is this transfer is completely free.
Step 3: Withdraw From Your Binance Wallet to Your Crypto Wallet
Login to your Binance account. Click on the wallet link on top of the header and select Fiat & Spot (“Deposit/Withdraw”) option.
Click on Withdraw button.
Select the coin you want to withdraw. In this case, the one you just transferred from your WazirX account.
Copy the coin “receive” address from your crypto wallet. Paste this address in the “Address” field.
Don’t worry, if the address is wrong, Binance will show an error and not allow you to withdraw your crypto coins.
Double-check the address and make sure they both match – the one you entered in the Binance withdrawal field and the one in your own wallet.
Click on the “Withdraw” button to complete the transaction.
You will receive an email to approve the withdrawal in some cases. Sometimes, you will have to authenticate the withdrawal using both email and two-factor security.
That’s it – Congratulations.
You can now purchase any coin on WazirX and it doesn’t matter if it’s listed under “Rapid Listing Initiative”. You will still be able to withdraw them, using this method. Be it DOGE, MATIC, ADA, DOT – any coin or token.
I hope this tutorial helped you.
In case you’ve any questions or confusion, let me know in the comments below.