Kot4X traders can fund their accounts in a variety of ways, but when they withdraw funds, they must return the identical amount of Bitcoin (BTC) to their Wallet address.
Introduction
Before requesting a withdrawal, traders should exercise caution because funds must be sent back to a Bitcoin (BTC) wallet address, even if they are deposited with a Debit/Credit Card.
For example, if you deposit $200 with Bitcoin (BTC) and have a balance of $400 in your KOT4X Wallet, you must first withdraw $200 through Bitcoin (BTC), and then the remaining $200 can be taken through another method.
Make certain that you enter the exact Bitcoin (BTC) address of your Bitcoin (BTC) wallet, since incorrect information may result in the permanent loss of your funds.
The transaction cannot be cancelled or reversed once it has been processed due to the digital currency protocols.
Kot4X plans to process withdrawal requests within 24 hours, and once approved, it may take another 1-3 hours or as few as 3-6 Blockchain confirmations before cash is available in a trader’s BTC wallet. The transaction can be followed at www.blockchain.com.
The withdrawal process step by step
- After logging into the brokers’ homepage, find the Withdraw tab and click on it.
- Choose the correct wallet from which you want to withdraw the funds.
- Choose the Bitcoin (BTC) option.
- Enter the correct amount of money that you wish to withdraw in the space provided.
- Confirm by clicking on Request Withdrawal.
- Confirm your withdrawal by clicking again on Withdraw – You will then be redirected to a different page where you have to enter your Bitcoin address. The Bitcoin address should be provided by your Wallet Provider.
- Once the BTC address is inserted, proceed to click on Withdraw.
If you receive an error notification, you should contact the support department as soon as possible to see if you can still cancel the withdrawal request.
Because of the digital currency procedures in place, transactions cannot be cancelled or reversed after they have been processed. Incorrect information may result in permanent loss of funds, making it even more vital to submit the accurate information.
When you can cancel a withdrawal request
You are able to cancel a Withdrawal Request while it still has the status of Waiting Info or Waiting Approval by going to the Withdraw section on your account.
- Locate the Withdrawal Request that you would like to cancel and select Cancel on the Actions section
- If you are happy to proceed, select Cancel Withdraw on the prompt shown on screen and your withdrawal will be cancelled immediately.
Kot4X Pros and Cons
| Pros | Cons |
| Easy steps to withdrawal | Withdrawals must be done to Bitcoin wallet |
FAQ’s
What withdrawal methods are currently available with Kot4X?
Bitcoin, Litecoin, Ripple, USDT, Dogecoin, Ethereum:
Deposits through one of these methods must be withdrawn back to your Bitcoin wallet.
Credit/Debit Card (3rd Party Platform)
Deposits of Bitcoin made through a third party must be withdrawn back to a Bitcoin wallet.
What are the minimum and maximum withdrawal limits for Kot4X?
For Bitcoin and Bitcoin purchased by third-party platforms, the minimum amount is $50 and there is no limit as for a maximum.
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