How to withdraw ARK coins to wallet?

To withdraw ARK coins to your wallet, connect it to the ARK Explorer and initiate a withdrawal transaction by specifying the destination address, amount, and fee.

Dec 21, 2024 at 04:15 pm

Key Points

• Step 1: Set up an ARK Wallet
• Step 2: Connect Your Wallet to the ARK Explorer
• Step 3: Initiate the Withdrawal Transaction
• Step 4: Confirm and Finalize the Transaction

How to Withdraw ARK Coins to Wallet

Step 1: Set up an ARK Wallet

• Download and install an ARK wallet compatible with your device (desktop, mobile, or hardware).
• Create a new wallet or import an existing one using your recovery phrase.
• Ensure that your wallet is up-to-date with the latest software version.

Step 2: Connect Your Wallet to the ARK Explorer

• Navigate to the ARK Explorer website: https://explorer.ark.io/
• Click on the "My Wallets" tab and select "Connect to Wallet."
• Follow the instructions to connect your ARK wallet to the Explorer using Seed Phrase or Ledger.

Step 3: Initiate the Withdrawal Transaction

• Once your wallet is connected, go to the "Transfer" tab in the Explorer.
• Enter the address of the wallet you wish to withdraw to.
• Specify the amount of ARK you want to withdraw.
• Set a transaction fee (a suggested fee is automatically calculated).
• Click on the "Send Transaction" button.

Step 4: Confirm and Finalize the Transaction

• Review the transaction details and ensure that all information is correct.
• Click on the "Confirm Transaction" button to sign the transaction with your wallet.
• Wait for the transaction to be processed by the ARK network. Confirmation may take a few minutes to several hours depending on network congestion.
• Once the transaction is confirmed, the ARK coins will be withdrawn from your connected wallet and sent to the destination address.

FAQs

Q: What is the minimum withdrawal amount for ARK coins?
A: The minimum withdrawal amount depends on the wallet you are using. Most wallets have a small minimum withdrawal amount (e.g., 0.01 ARK).

Q: How long does it take to withdraw ARK coins?
A: Withdrawal times vary depending on network traffic. Typically, transactions are confirmed within a few minutes to several hours.

Q: Is there a fee for withdrawing ARK coins?
A: Yes, there is a transaction fee associated with withdrawing ARK coins. The fee covers the cost of processing the transaction on the ARK network.

Q: Can I withdraw ARK coins to any wallet?
A: You can withdraw ARK coins to any wallet that supports ARK and provides a valid wallet address.

Q: What should I do if my withdrawal transaction is taking too long?
A: If your withdrawal transaction is taking longer than expected, you can check the status of the transaction on the ARK Explorer: https://explorer.ark.io/