This article will provide an in-depth introduction on how to withdraw funds from CoinOn to your bank card, and provide detailed graphic tutorials to help Taiwan users complete cryptocurrency withdrawals with ease. Whether you are a novice or experienced user, this article will explain step-by-step how to set up the withdrawal, select a bank card, confirm your identity, etc., to ensure that you can smoothly withdraw funds from your CoinOn account to your local bank card in Taiwan.
Understand the basic process of withdrawing money to your bank card.
The first thing you need to know about withdrawing money on Coin is the whole process. Generally speaking, CoinArt supports a variety of withdrawal methods, and bank card withdrawal is one of the favored choices for Taiwan users. In order to complete the withdrawal process smoothly, you need to complete some basic settings first, including choosing the withdrawal method, filling in the bank card information, and performing identity verification. These steps ensure that funds are transferred to your bank account safely and securely.
Ensure that you have completed KYC (verification of identity) with CoinSafe so that you can enable the withdrawal function. If you have not yet done so, you can follow the instructions of CoinSafe. Only by completing KYC can you increase the security of your withdrawals and unlock higher withdrawal limits.
Step 1: Set up and verify your bank card
The first step before withdrawing funds in CoinSafe is to bind your bank card to your CoinSafe account. This is done as follows:
- Login to your Coin account and go to "User Center".
- Click the "Bank Card" option in "Funds Management" and select Add Bank Card.
- Enter the card number, expiration date and security code on the back of the card and save it.
To ensure the security of your card, CoinSecure may ask you to upload a photo of your card and match it with your identifying information. This security measure helps prevent fraudulent activity and protects your funds.
Step 2: Select a withdrawal method and set a deposit amount.
After your bank card is successfully bound, the next step is to choose the withdrawal method and set the amount. This part of the operation is relatively simple, the steps are as follows:
- Go to the "Funds Management" page and select "Withdrawal".
- In the Withdrawal options, select "Bank Card" as the withdrawal method.
- Enter the amount you wish to withdraw. If you have more than one cryptocurrency in your Coin account, please select the cryptocurrency you wish to withdraw (e.g. USDT, BTC, etc.) and then select the amount to withdraw.
It is worth noting that CurrencySafe has different minimum withdrawal amounts and handling fees for different currencies. You are advised to check the relevant fees beforehand to avoid unnecessary losses when withdrawing funds.
Step 3: Secure Identity and Funds
During the withdrawal process, for security purposes, CoinSecure will ask you to verify your identity again. This process is to confirm that you are the person operating the account and to avoid unauthorized withdrawals. The specific steps are as follows:
- When you enter the Cash Out page, you will be prompted to enter your SMS authentication code or Google Authenticator secondary authentication code.
- After completing the identity verification, the system will display your card information, please check it again to make sure it is correct.
If everything is correct, you can click "Confirm Withdrawal" to proceed. At this point, Coinsafe will process your withdrawal request and transfer the funds to your bank card.
Step 4: Withdrawal Time and Handling Fee
Withdrawal time varies depending on the processing speed of CoinOn and the processing time of your bank. Usually, it takes 1-3 business days to withdraw money from Coin to your bank card. Depending on your bank's and Coin's processing rules in Taiwan, there may be some delays, so please pay attention to the system's alerts and notifications when withdrawing funds.
CurrencySecure charges a fee for each withdrawal, which varies depending on the currency and amount you withdraw. For example, the fee for withdrawing USDT to your bank card usually ranges from 0.1% to 0.2%. You can check the specific fee schedule on the withdrawal page.
Step 5: Handling Raised Issues and FAQs
Although the process of withdrawing money from CoinOne is relatively simple, there are some common problems that you may encounter during the actual operation. Below are some of the problems and their solutions:
Withdrawal Failure: If your withdrawal request was declined, please check if your card information is correct or if there is any outstanding KYC authentication. Confirm whether your bank card supports cryptocurrency withdrawals.
Long withdrawal time: If the withdrawal time exceeds the expected time, we suggest that you first contact Coin's customer service to understand the specific situation, or inquire whether there are special circumstances such as system maintenance.
High Withdrawal Fees: Handling fees are affected by changes in the cryptocurrency market, you can check the latest handling fee rates before withdrawing your funds.
How to Avoid Risks in the Withdrawal Process
When withdrawing cryptocurrencies, it is very important to ensure security. Here are some tips to avoid risks:
- Enable two-step verification: Be sure to enable Google Authenticator or SMS authentication for added security.
- Choose the right withdrawal currency: Before withdrawing, make sure that the currency you choose can be converted to your desired currency smoothly to avoid mistakes.
- Confirm bank card supportability: Not all bank cards can be used to withdraw cash directly, especially some local banks in Taiwan. Choose a bank that supports cryptocurrency withdrawals so that you can avoid withdrawal failures.
Conclusion
By following the steps above, you should be able to easily understand how to withdraw funds from Coin to your bank card. As long as you follow the steps carefully and pay attention to the security settings, you will be able to transfer funds from Coin to your bank account smoothly. If you encounter any problems during the process, please refer to the Coin's Help Center or contact Customer Service for timely support.
We hope this article can help you to complete the CoinSafe withdrawal operation smoothly and enjoy the convenience brought by cryptocurrency trading.