exchanges – How do I extract my bitcoins to an external wallet?

To withdraw or transfer Bitcoin from an exchange or online wallet to an external wallet, you need to follow these steps:

Make sure you have control over your private keys. You won’t be able to withdraw your Bitcoin if you use an exchange or online wallet where you don’t have control over your private keys. You should use a wallet that gives you control over your private keys, such as a software wallet like Electrum or a hardware wallet like Trezor or Ledger.

Set up an external wallet. If you use a software wallet, install the wallet on your computer and create a new wallet. If you use a hardware wallet, follow the manufacturer’s instructions to set it up and create a new wallet.

Transfer Bitcoin from an exchange or online wallet to an external wallet. To do this, you must provide the external wallet’s receiving address to the exchange or online wallet. This is a long string that usually starts with “1”, “3”, or “bc1”.

Wait until your Bitcoin is sent. How long it takes for your Bitcoin to be transferred will depend on the fees you pay and the current demand on the Bitcoin network.

Check your external wallet to see if your bitcoins have been received. Once your Bitcoins have been transferred to the blockchain and verified, they can be used in external wallets.

Keep in mind that sending Bitcoin or other cryptocurrencies comes with some unique risks. Send Bitcoin only to addresses you control, and be aware of the possibility of loss or theft due to hacking or other security breaches.