How to withdraw from Gemini contracts

Withdrawing from Gemini contracts is a simple process involving navigating to the "Contracts" tab, selecting the contract, entering the withdrawal amount, choosing a withdrawal method, and confirming the transaction.

Nov 12, 2024 at 11:47 pm

How to Withdraw from Gemini Contracts

Withdrawing from Gemini contracts involves several straightforward steps that ensure the secure and successful transfer of your funds from the exchange. This comprehensive guide will walk you through the entire process, providing detailed instructions and addressing potential questions along the way.

Step 1: Navigate to the "Contracts" Tab

• Log in to your Gemini account and hover over the "Trading" tab.
• Select "Contracts" from the dropdown menu.

Step 2: Select the Contract to Withdraw

• On the Contracts page, identify the contract you wish to withdraw funds from.
• Click on the "Withdraw" button associated with that contract.

Step 3: Enter the Withdrawal Amount

• A withdrawal form will appear. Enter the amount you wish to withdraw.
• Double-check the amount to avoid inaccuracies.

Step 4: Choose the Withdrawal Method

• Gemini offers two withdrawal methods:

  • On-Chain Withdrawal: Withdraw directly to your crypto wallet using the blockchain network.
  • ACH Transfer (USD Only): Withdraw US dollars to your linked bank account via the Automated Clearing House (ACH) system.

Step 5: Confirm the Withdrawal

• Review all the withdrawal details carefully, including the amount, withdrawal method, and destination address (if on-chain withdrawal).
• Enter your Gemini account password to confirm the transaction.

Step 6: Process the Withdrawal Request

• Gemini will process your withdrawal request within the specified timeframe.
• If you chose on-chain withdrawal, the funds will be transferred to the specified wallet address once the transaction is confirmed on the blockchain.
• For ACH withdrawals, the funds will be credited to your bank account within 1-3 business days.

Additional Information

• Withdrawal Fees: Gemini charges a withdrawal fee for both on-chain and ACH withdrawals.
• Processing Times: On-chain withdrawals are generally processed within minutes or hours, depending on the network congestion. ACH withdrawals may take up to 3 business days.
• Minimum Withdrawal Amounts: Gemini sets minimum withdrawal amounts for each cryptocurrency. Ensure that your withdrawal amount meets the minimum requirement.

Troubleshooting Tips

• If your withdrawal request is delayed or fails, contact Gemini support for assistance.
• Check if your account has sufficient funds to cover the withdrawal amount and fees.
• Ensure that you have entered the correct destination address or bank account information.