Withdrawing crypto
Withdrawals go out on a blockchain, show the network fee first, and can’t be reversed.
How to withdraw
- Open your wallet and choose Withdraw.
- Choose the coin.
- Choose the network that the receiving wallet expects.
- Paste the destination address and check the first and last characters.
- Enter the amount and review the network fee.
- Confirm with your account password and a current authenticator code.
The network fee
Every blockchain charges a fee to move crypto. Peerlyx shows the network fee before you confirm, so you know exactly what will leave your balance and what will arrive.
Why the network must match
Ask the receiving wallet or exchange which network it accepts for that coin, and choose the same one. If the networks don't match, the funds may never arrive.
Withdrawals are final
Once a withdrawal is sent on the blockchain, it can't be reversed. Peerlyx can't cancel it or pull it back, and nobody can recover crypto sent to a wrong address. That's why the checks happen before you confirm, not after.
Safe habits
- Send a small test amount to any new address first.
- Never withdraw to an address someone sent you in a message without checking it with the owner directly.
- Be wary of anyone who asks you to withdraw to them as part of "verification" or "unlocking" your account. That's always a scam.
Your password and authenticator code protect every withdrawal, so never share them.
Key takeaways
1Choose the network the receiving wallet expects and check the address carefully.
2The network fee is shown before you confirm, and you confirm with password and code.
3Blockchain withdrawals can’t be reversed, so test new addresses with a small amount.
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