At Exness, you can make Bitcoin deposits and withdrawals 24/7!
We’ve compiled everything you may want to know about Bitcoin and Exness, for your convenience:
- What is Bitcoin
- How to choose a wallet
- How to choose a Bitcoin exchange
- How to deposit in Bitcoin
- How to withdraw in Bitcoin
- Bitcoin Details
Here’s what you need to know about making deposits and withdrawals with Bitcoin:
|Minimum Deposit||No limit|
|Maximum Deposit||No limit|
You must cover the miner fee.
|Deposit Processing Time*||On average 1 hour (up to 3 confirmations**)|
|Minimum Withdrawal||Current amount of the miner fee.|
No set limit, but based on withdrawal range.
More info in the article.
Fee is dynamic and displayed on the withdrawal page.
You must cover the miner fee.
|Withdrawal Processing Time*||On average 1 hour (up to 6 confirmations**)|
*If your deposit or withdrawal does not reflect after 6 confirmations, please contact our Support Team.
**Roughly every 10 minutes, a new block (as per the blockchain) is created that verifies and records new Bitcoin transactions - every time that happens, we say 1 confirmation has happened.
We’ve created a series of Bitcoin videos that will tell you everything you need to know about the cryptocurrency, as well as how to deposit and withdraw.
We’ve split our video series into easy-to-watch chunks. Start learning about Bitcoin now.
We’ve prepared a short video on what Bitcoin is, and how it can be used, below:
Watch this video below to learn the difference between a Hot Bitcoin wallet, a Cold Bitcoin Wallet and so much more.
Watch this video to find out the 8 key factors that you need to take into account when choosing a Bitcoin exchange.
Watch this video and find out how to make a deposit in Bitcoin and transfer it to your trading account inside your Personal Area.
Our final video will guide you through the steps taken to transfer funds from your trading account to your Bitcoin wallet and make a withdrawal.
See two withdrawal transactions instead of one?
As you are already aware, withdrawal for Bitcoin works in the form of refunds (similar to bank card withdrawals). Therefore, when you withdraw an amount that is more than the non-refunded deposits, the system internally splits that transaction into a refund and a profit withdrawal. This is the reason you see two transactions instead of one.
For example, say you deposit 4 BTC and make a profit of 1 BTC from trading, giving you a total of 5 BTC in total. If you withdraw 5 BTC, you will see two transactions - one for an amount of 4 BTC (refund of your deposit) and another for 1 BTC (profit).
It is possible to deposit funds with one Bitcoin address and withdraw to a different Bitcoin address, but you cannot transfer funds internally to your Bitcoin wallet unless you have made a Bitcoin deposit into your Personal Area before.
Concerning Miner Fees
Your Bitcoin withdrawal amount must exceed the current miner's fee amount or be the complete balance, or an error notification will appear.
Example: If you have 5 BTC and the current miner fees are 1 BTC, you will be unable to withdraw 4.5 BTC as the balance (0.5 BTC) would be less then the miner fees (1 BTC). In this case you would be able to withdraw an amount between 1.01 BTC and 3.99 BTC, or 5 BTC.
It is advised that you always indicate the maximum recommended fee to ensure miners process your transaction promptly; the bigger fee you indicate the faster funds will be credited to your trading account. As a rule, the appropriate fee is recommended by BTC wallets.