When you request a withdrawal, your ckBTC unmints and converts back to BTC, which is sent to your designated BTC address. Here’s how to complete the process.
Log In: Sign in to your account.
Go to Wallet: Navigate to the Wallet page.
Enter Your BTC Address: In the withdrawal form, paste the address of the BTC wallet where you want to receive your funds. This could be a personal wallet, exchange wallet, or hardware wallet—just ensure it’s capable of receiving Bitcoin.
Double-Check the Address: Always verify the BTC address carefully. Crypto transactions are irreversible, so an incorrect address could result in lost funds.
Specify the Amount: Enter the amount of ckBTC you wish to withdraw. This amount will be unminted and sent to you as BTC.
Review the Details: Confirm the BTC address and withdrawal amount.
Confirm the Transaction: Submit the withdrawal request. The platform will process it, and your ckBTC will be unminted and converted back into BTC at a 1:1 ratio.
BTC Transfer: Once the ckBTC is unminted, the corresponding amount of BTC is sent to your BTC wallet address.
Network Fees: Please be aware that standard BTC network fees apply to withdrawals, as BTC transactions incur a miner fee.
Minimum Withdrawal Amount: Ensure the amount you’re depositing meets the minimum 0.0005 BTC minimum withdrawal amount required.
Processing Time: Withdrawal requests are typically processed quickly but may vary slightly depending on BTC network traffic.
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