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How to withdraw funds from Poloniex contract

To successfully withdraw funds from your Poloniex contract account, transfer funds to your main account, close all open positions, and request a withdrawal using the specified withdrawal form.

Nov 22, 2024 at 11:40 pm

How to Withdraw Funds from Poloniex Contract

Introduction:

Poloniex, a popular cryptocurrency exchange platform, offers a range of trading options, including contract trading. This guide will provide step-by-step instructions on how to withdraw funds from your Poloniex contract account.

Prerequisites:

Ensure you have an active Poloniex account with a verified identity.
Transferring funds from your contract account to your main account is necessary for withdrawal.

Steps:

1. Navigate to Contract Panel:

Log in to your Poloniex account.
From the top menu, click on "Contracts."
You will be directed to the Contract Panel.

2. Select Contract:

On the Contract Panel, identify the contract you wish to withdraw funds from.
Click on the "Positions" tab for your selected contract.

3. Close Position:

If you have any open positions, you must close them before withdrawing funds.
To close a position, click on the "Close" button in the Position tab.
Select "Market Close" for instant execution at the current market price.

4. Transfer Funds to Main Account:

After closing all open positions, transfer the funds from your contract account to your main account.
Click on the "Funding" tab for your selected contract.
In the "Wallet Balance" section, click on the "Transfer" button.
Enter the desired amount you wish to transfer and click on "Transfer Funds."

5. Request Withdrawal:

Once the funds are transferred to your main account, you can request a withdrawal.
From the top menu, click on "Wallets."
Select your desired cryptocurrency in the "Exchange Balances" section.
Click on the "Withdraw" button.

6. Fill in Withdrawal Form:

Complete the withdrawal form with the following information:
- Withdrawal Address: Enter the address where you want to receive your funds.
- Amount: Specify the amount you wish to withdraw.
- Select Currency: Choose the cryptocurrency you are withdrawing.

7. Review and Confirm Withdrawal:

Carefully review the withdrawal details and ensure they are correct.
Enter the 6-digit verification code sent to your email or mobile phone.
Click on the "Submit Withdrawal Request" button.

8. Monitor Withdrawal Status:

After submitting the withdrawal request, you can track its status in the "Withdrawal History" section.
Withdrawals typically take a few hours to be processed, depending on the cryptocurrency and network traffic.

Additional Considerations:

Poloniex imposes a minimum withdrawal amount for different cryptocurrencies.
Users may be required to pay a withdrawal fee, which varies depending on the cryptocurrency and network.
It is recommended to use a hardware wallet or a reputable software wallet to store your withdrawn funds securely.

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！

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