How to withdraw crypto from Bithumb safely
Withdraw crypto from Bithumb safely by matching the coin to the right network, verifying the address and memo, and confirming two-factor authentication.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
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Bithumb broadcasts the transfer, but you control the details that decide whether your coins arrive. Have the receiving address, the correct network, and your two-factor method ready before you start.
What should you check before withdrawing?
Check that your coin moves on the network the receiving wallet accepts. A coin can exist on several networks. If you send to another exchange, it may ask for Travel Rule details. The Travel Rule is an anti-money-laundering rule that shares sender and recipient information.
How do you withdraw crypto from Bithumb?
The withdrawal screen collects the amount, address, and network before anything is broadcast.
- 1Log in and pick the coinSign in, clear two-factor, and open the withdrawal page.
- 2Enter the amountType the amount and check the network fee shown.
- 3Copy the addressCopy the full address from the receiving wallet instead of typing it.
- 4Choose the networkSelect the network the receiving wallet uses. If the names differ, stop.
- 5Verify address and memoCompare every character and enter any memo or tag the destination requires.
- 6Confirm and approveEnter your two-factor code, then approve any email or app request.
What should you do after the withdrawal?
Once Bithumb broadcasts the transfer, it is on the blockchain and cannot be reversed. Save the transaction ID, the date, and the amount. The IRS treats crypto as property, so keep these records for taxes.
Frequently asked questions
Bithumb may hold a withdrawal for a security review, often after you add a new address. The hold usually clears after its checks.
Often you cannot cancel once you submit the request. A transfer confirmed on-chain cannot be canceled.
The coins may be lost or stuck. A wrong network may not deliver, and a missing memo or tag can leave a deposit uncredited.
Bithumb generally serves Korean residents, so US residents may not be able to open an account.
