How to withdraw Streamr (DATA) coins

To withdraw DATA tokens from the Streamr Marketplace, connect your wallet, select the withdrawal method (crypto or fiat), enter the recipient's address or payment details, confirm the transaction, and pay the network fee.

Jan 04, 2025 at 12:10 pm

Key Points

• Connect your wallet to the Streamr Marketplace.
• Select the DATA tokens you wish to withdraw.
• Choose the withdrawal method (crypto or fiat).
• Enter the recipient's address or payment details.
• Confirm the transaction and pay the network fee.

Detailed Guide

1. Connect Your Wallet to the Streamr Marketplace

To withdraw DATA tokens, you must first have a wallet connected to the Streamr Marketplace. There are several wallets compatible with the Marketplace, including MetaMask, Trust Wallet, and Ledger Nano X.

• MetaMask: Visit the MetaMask website or download the MetaMask extension for your browser. Create a new wallet or import an existing one.
• Trust Wallet: Download the Trust Wallet app for iOS or Android. Create a new wallet or import an existing one.
• Ledger Nano X: Connect your Ledger Nano X hardware wallet to your computer. Open the Ledger Live app on your computer. Select "Manager" and then "Add account" to add your Ethereum account.

Once you have selected a wallet, visit the Streamr Marketplace website and click on "Connect Wallet." Follow the on-screen instructions to connect your wallet to the Marketplace.

2. Select the DATA Tokens You Wish to Withdraw

Once your wallet is connected, you can view your DATA token balance on the Marketplace. To withdraw tokens, click on the "Withdraw" button.

On the withdrawal page, select the DATA tokens you wish to withdraw. You can choose to withdraw all of your DATA tokens or a specific amount.

3. Choose the Withdrawal Method

The Streamr Marketplace allows you to withdraw DATA tokens in two ways:

• Crypto: You can withdraw DATA tokens to another crypto wallet. Enter the recipient's wallet address in the "Destination Address" field.
• Fiat: You can withdraw DATA tokens to your bank account. Select the "Fiat" option and follow the on-screen instructions to provide your bank details.

4. Enter the Recipient's Address or Payment Details

Depending on the withdrawal method you choose, you will need to provide the recipient's wallet address or payment details.

• Crypto: Enter the recipient's wallet address in the "Destination Address" field. Make sure the address is correct, as sending tokens to an incorrect address may result in the loss of funds.
• Fiat: Follow the on-screen instructions to provide your bank account details. You will need to provide information such as your bank account number, SWIFT code, and routing number.

5. Confirm the Transaction and Pay the Network Fee

Once you have entered the recipient's address or payment details, click on the "Withdraw" button to confirm the transaction.

You will be prompted to pay a network fee for the transaction. The network fee is determined by the Ethereum blockchain and varies depending on network congestion.

Click on the "Confirm" button to pay the network fee and complete the withdrawal.

FAQs

How long does it take to withdraw DATA tokens?

The withdrawal time for DATA tokens depends on the withdrawal method and network congestion. Crypto withdrawals typically take a few minutes to complete, while fiat withdrawals may take several days.

Is there a minimum withdrawal amount for DATA tokens?

Yes, the minimum withdrawal amount for DATA tokens is 10 DATA.

What are the fees associated with withdrawing DATA tokens?

The fees associated with withdrawing DATA tokens include the network fee and any additional fees charged by the exchange or wallet you are using.

Can I withdraw DATA tokens to a hardware wallet?

Yes, you can withdraw DATA tokens to a hardware wallet such as the Ledger Nano X. Make sure your hardware wallet is connected to your computer and that you have the appropriate Ethereum address added to your wallet.

What should I do if I have trouble withdrawing DATA tokens?

If you have trouble withdrawing DATA tokens, you can contact the Streamr Marketplace support team for assistance.