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How to withdraw cash from BingX contract
To withdraw cash from BingX Contract, transfer funds from the Contract account to the Spot account, convert cryptocurrency to fiat currency, and withdraw fiat currency to a bank account.
Nov 25, 2024 at 01:05 pm
How to Withdraw Cash from BingX Contract
BingX is a cryptocurrency exchange that offers a variety of trading options, including contract trading. Contract trading is a type of derivative trading that allows traders to speculate on the future price of an asset without actually owning the underlying asset.
Once you have made a profit on a contract trade, you may want to withdraw the profit as cash. Here are the steps on how to withdraw cash from BingX contract:
1. Transfer Funds from Contract Account to Spot Account
- Log in to your BingX account and click on the "Assets" tab.
- Click on the "Transfer" button.
- Select "Contract" as the source account and "Spot" as the destination account.
- Enter the amount of funds you want to transfer and click on the "Confirm" button.
2. Convert Cryptocurrency to Fiat Currency
- Once the funds have been transferred to your spot account, you can convert the cryptocurrency to fiat currency.
- Click on the "Exchange" tab.
- Select the cryptocurrency that you want to convert and the fiat currency that you want to receive.
- Enter the amount of cryptocurrency that you want to convert and click on the "Convert" button.
3. Withdraw Fiat Currency
- Once the cryptocurrency has been converted to fiat currency, you can withdraw the funds to your bank account.
- Click on the "Withdraw" tab.
- Select the fiat currency that you want to withdraw and the withdrawal method.
- Enter the amount of fiat currency that you want to withdraw and click on the "Withdraw" button.
Additional Information:
- The minimum withdrawal amount is $10.
- The withdrawal fee is 0.5%.
- BingX supports a variety of fiat currencies, including USD, EUR, GBP, and JPY.
Conclusion:
Withdrawing cash from BingX contract is a simple and straightforward process. By following the steps above, you can easily withdraw your profits and convert them to fiat currency.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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