How to Withdraw from Blockchain.com Trading Wallet?

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 from Blockchain.com Trading Wallet.

How to Withdraw from Blockchain.com Trading Wallet?

Blockchain.com Exchange

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 Custodial Wallets

Blockchain.com Wallet vs Trading Wallet

The main difference between the 2 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. Meaning 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. Meaning 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.com Review

Blockchain Wallet Functions

With your Blockchain.com wallet you can send, receive, and store crypto as well as being able to 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 your crypto and sell it, 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 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 on the “From” dropdown menu and select your Trading Wallet from the list. 

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

Blockchain.com Trading Wallet

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 then 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 covers 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.

Blockchain.com Review 2021
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10 Responses

  1. I recently tried to transfer ETH from my Blockchain ETH Trade wallet to my ETH Wallet, but ALL the ETH has disappeared.
    I have seen a comment that a similar transfer with BTC took 10 days. Is this normal, and what can I do about it please ?

  2. I initiated the transfer from my ETH Trade wallet to my ETH Wallet in order to buy other crypto’s, however it has disappeared completely: that was 3 days ago and it’s not shown up yet. What can l do to trace it please ?

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