How to Withdraw from Blockchain.com Trading Wallet?

Blockchain.com has introduced its Blockchain Trading Wallet, a feature they say puts even more power, into your hands. However, the Trading wallet has left a lot of users confused. In this guide, you will learn how to withdraw fromBlockchain.com Trading Wallet.

How to Withdraw from Blockchain.com Trading Wallet?

What is the Blockchain Trading Wallet?

Blockchain.com Trading wallet is a custodial wallet where you can store crypto and perform functions such as buying, selling, swapping and sending crypto in less time and with fewer fees. 

However, if you’d like to send your crypto across to an external address, you must first withdraw it from your Trading Wallet balance and across to your standard wallet. And I’ll show you how to do that shortly.

Blockchain.com Wallet vs Trading Wallet

The main difference between the two wallets is that your wallet is non-custodial, and the Trading Wallet is custodial, meaning that Blockchain.com securely stores that balance for you.

When Blockchain.com sends crypto to your Trading Wallet or you send crypto from your Trading Wallet (for buying or selling crypto), these transactions do not have to be sent on-chain. This means the transactions can be faster, as they are not affected by cryptocurrency network congestion, nor do they incur network or transaction fees, as they do not have to be confirmed by the network or any miners.

Your Blockchain.com Wallet, on the other hand, is non-custodial. This means that Blockchain.com does not hold those balances for you, and you remain in control of your funds here with access to your private keys.

Blockchain Wallet Functions

With your Blockchain.com wallet, you can send, receive, and store crypto and send and receive to and from any external address. You can swap to and from your wallets, transfer to and withdraw your interest account, send collateral and receive a loan with ‘Borrow”. Plus, you can send to and receive from your Trading wallet.

Blockchain Trading Wallet Functions

With your Blockchain.com Trading Wallet, you can store and sell your crypto, use your cash balance to buy crypto, and swap to and from your trading wallet balance. Plus, you can transfer to and withdraw from your interest account and send crypto from your wallet to your Trading Wallet or withdraw crypto from your Trading Wallet to your Wallet in order to send it to an external address.

How to Withdraw from Blockchain.com Trading Wallet?

If you have bought Bitcoin or other cryptocurrencies from Blockchain.com, the crypto will be held in your Trading Wallet, where you can store it. However, if you want to swap or send your crypto externally, you will need to withdraw it to your Blockchain.com wallet balance instead.

To withdraw, simply click on “Send” at the top of your wallet dashboard.

Then select your currency from the dropdown list and choose the currency you want to send.

Next, click the “From” dropdown menu and select your Trading Wallet from the list. 

You can then enter the amount, click on Max, and click “Continue” to begin your withdrawal.

When you transfer crypto between your Wallet and your Trading Wallet, this is an on-chain transaction. This means that it must be confirmed on the cryptocurrency’s network, and the time this takes is dependent on current network conditions. 

Once the withdrawal transaction has been processed, sent, and confirmed on the blockchain, the crypto should be available in your default wallet balance. From there, you can Swap it to another crypto, send it to the Exchange, or send it to any external address.

Blockchain.com & Blockchain.com Exchange

This blog post and tutorial cover the Blockchain Trading Wallet. However, if you want to find out more information on Blockchain.com or the Blockchain Exchange, I have beginner guides and video tutorials available for these.