A crypto withdrawal is how you move digital assets from your exchange account to an external destination: a personal wallet, a hardware device, or anywhere else on the blockchain. It's one of the most fundamental things you'll do as a crypto trader, giving you full control over where your assets sit and how they're used.
BloFin makes it straightforward to withdraw whenever you're ready. If you haven't funded your account yet, start with How to Make a Deposit on BloFin.
This guide covers the full withdrawal process on both web and mobile, how to choose the right network, which assets need a Memo or Tag, and what to expect after you submit.
Where can you withdraw your crypto to?
Before getting into the steps, it's worth knowing what your options are. A withdrawal from BloFin can go to:
A personal wallet (apps like MetaMask or Trust Wallet) where you hold your own private keys
A hardware wallet (devices like Ledger or Trezor) that stores your keys offline, commonly used for long-term holdings
A DeFi protocol or Web3 app, if you want to use your crypto in decentralized finance, staking, or on-chain applications
Each destination has its own deposit address and often its own network requirements, so it's always worth checking the receiving end before you initiate anything.
Before you start
A few quick things to sort before you initiate a withdrawal:
Your funds need to be in the Funding Account. BloFin processes withdrawals from the Funding Account only. If your assets are currently in your Futures Account, Spot Account, or Earn, transfer them to your Funding Account first. It's instant and free under the Assets page.
Have your receiving address ready. Make sure you have the wallet address or exchange deposit address you're sending to, and confirm which network that platform supports for the asset you're withdrawing.
2FA needs to be active. Withdrawals require security verification at the time of submission. Google Authenticator or Passkeys must be set up before you can withdraw.
How to withdraw on BloFin
Step 1: Log in to your BloFin account and hover your cursor over the Assets button in the top right corner of the page, then select Withdraw.
Step 2: Search for and select the cryptocurrency you want to withdraw.
Step 3: Choose your withdrawal network. This needs to match the network your receiving wallet or exchange is set up for. Check the deposit page of your destination platform if you're not sure which one to pick.
Step 4: Enter the recipient wallet address. For certain assets like XRP, XLM, and TON, you'll also need to enter a Memo or Tag. More on this in the section below.
Step 5: Enter the withdrawal amount. The network fee will be shown on screen before you confirm, so you'll know exactly what you're paying before committing.
Step 6: Click Withdraw and complete the security verification using your email code and Google Authenticator code. Both expire after five minutes.
Step 7: Review the details on the confirmation screen and confirm. Your withdrawal is now submitted.
Choosing the right network
The network you select on BloFin needs to match the network your receiving wallet or exchange is expecting. For example, if you're withdrawing USDT and your destination platform only accepts TRC20, select TRC20 on BloFin. If they use ERC20, select ERC20.
Before withdrawing to a new address, check the deposit page of your destination to confirm which network they support. For USDT specifically, TRC20 is the most widely supported option and generally has lower network fees than ERC20.
Assets that require a Memo or Tag
Some blockchains use a shared deposit address system, where a Memo or Tag is needed to identify which account the funds belong to. If you're withdrawing any of the following assets, you'll need to enter both the wallet address and the Memo or Tag:
XRP
XLM (Stellar)
TON
EOS
You'll find the required Memo or Tag on the deposit page of your receiving platform, right next to the address. Make sure you copy both before initiating the withdrawal.
Withdrawal fees
BloFin does not charge a platform fee for withdrawals. The fee shown on the withdrawal screen is a network fee paid to the blockchain to process your transaction. The exact amount depends on the asset and network, and is always displayed before you confirm so there are no surprises.
What happens after you submit
After submitting, your withdrawal goes through a brief processing period before being broadcast to the blockchain. Once it's on-chain, you can track it using the transaction hash (TXID) shown in your withdrawal history.
Arrival time varies by network. TRC20 withdrawals typically arrive within a few minutes. Ethereum-based withdrawals can take a little longer depending on network conditions. Bitcoin withdrawals usually arrive within 30 minutes to an hour.
To check the status of any withdrawal, go to Assets, then Withdrawal History. Each entry shows the status, amount, network, destination address, and TXID. You can use the TXID to look up the transaction on a block explorer and see exactly where it is in the confirmation process.
Things worth knowing before you withdraw
Match the network on both sides. The network you select on BloFin needs to match what your receiving platform accepts. When in doubt, check their deposit page first.
Include the Memo or Tag when required. For assets like XRP and XLM, the Memo or Tag is what tells the receiving platform which account to credit. Always grab it from the deposit page of your destination before sending.
Double-check the address after pasting. A quick check of the first and last few characters before you confirm is a good habit, especially on larger transfers.
Account for the network fee. The fee is deducted on the sending side. If a specific amount needs to arrive at the destination, factor this in when entering your withdrawal amount. The exact fee is shown on screen before you confirm.
Transfer from your trading account first. Funds need to be in the Funding Account before a withdrawal can be initiated. If your balance looks lower than expected, check your Futures or Spot Account.
What about the funds you're keeping on BloFin?
Withdrawing some of your balance doesn't mean the rest has to sit idle. Here's what you can do with whatever stays on the platform:
Keep trading across Spot and Futures
Put idle assets to work through Earn. Simple Earn lets you earn daily interest on USDT, ETH, and BTC with flexible terms
Set up automated trading bots to keep working in the market without needing to monitor it manually
Follow experienced traders through Copy Trading and let strategies run in the background
Frequently asked questions
How long does a BloFin withdrawal take?
It depends on the network. TRC20 (Tron) withdrawals typically arrive within a few minutes. Ethereum-based withdrawals can take a bit longer during busy periods. Bitcoin usually takes between 30 minutes and an hour. You can monitor progress using the TXID in your withdrawal history.
Is there a minimum withdrawal amount on BloFin?
Yes. Each asset has a minimum withdrawal amount, which is shown on the withdrawal screen before you submit.
What are the withdrawal limits on BloFin?
Withdrawal limits apply both daily and monthly. The exact limits depend on your verification level. Standard accounts have a 20,000 USDT daily limit. Personal verification raises this to 1,000,000 USDT per day, and address verification raises it to 2,000,000 USDT per day. You can check your remaining daily and monthly limits on the withdrawal screen before submitting.
Can I cancel a withdrawal after submitting?
Once a withdrawal has been broadcast to the blockchain, it cannot be reversed. If it's still showing as pending within BloFin, contact support right away. There may be a short window before it's processed.
Why does my withdrawal require a Memo or Tag?
Some blockchains share a single deposit address across all users. The Memo or Tag is how the receiving platform identifies which account the funds should go to. Always include it when sending to a platform that requires one.
What should I do if my withdrawal hasn't arrived?
Check the TXID in your withdrawal history and look it up on a block explorer to confirm it was sent and on which network. If the transaction shows as confirmed on-chain but hasn't appeared at the destination, reach out to the receiving platform's support team. If the TXID shows no activity at all, contact BloFin support.
Researched and written by the BloFin Academy editorial team with AI-assisted drafting. All technical claims independently verified against published standards.
Disclaimer: This content is for educational purposes only and does not constitute financial, investment, legal, or tax advice. Crypto assets are highly volatile and carry significant risk of loss. Always verify local regulations and consult a qualified professional before making financial decisions.