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Crypto withdrawals troubleshooting tips
Crypto withdrawals troubleshooting tips
Rick Alexsson avatar
Written by Rick Alexsson
Updated over a week ago

Crypto transactions are a fast and convenient way to transfer funds worldwide. These transactions run in a decentralized network where every sender and recipient is anonymous. However, you need to be careful when transferring your crypto funds. Sometimes, mistakes in withdrawal requests may lead to a loss of funds.

Important rules when withdrawing crypto from CEX.IO:

  • Use only personal wallets and check your destination address before every operation.

  • Make sure your withdrawal is within the transaction limits. You can find information on the minimum required amounts on the Limits and Commissions page, Cryptocurrencies tab.

  • Pay attention to the total amount field. It shows how much will be sent after fees.

  • Clarify whether your destination wallet service charges fees for crypto deposits.

  • Don’t use the same wallet for transferring different currencies. For example, BCH cannot be credited to a BTC wallet, just as Ethereum-based tokens may be lost when sent to an ETH wallet.

Pay attention to every detail, as crypto transactions are irreversible and difficult to track. Once you confirm your withdrawal, funds will be sent to the wallet address you entered. You can track the status (number of confirmations) on the blockchain or on the site of your recipient wallet. In case of any delay or issue, please contact your destination wallet service.

Here are some useful tips on withdrawing certain cryptocurrencies from your CEX.IO account.

Litecoin (LTC)

Your LTC address on CEX.IO uses the P2SH format (M-prefixed)*. However, some crypto platforms still don’t accept deposits from new addresses. In this case, you can simply use the LTC address converter and use a 3-prefixed format for your wallet address.

* Original Litecoin addresses had a similar format to BTC addresses. In order to avoid confusion, the Litecoin community developed a new format for wallets (P2SH) that are prefixed with "M".

Tether (USDT)

Attempting to withdraw to a Bitcoin-based (issued via the Omni Layer Protocol) wallet address from CEX.IO may cause a failed transaction and loss of funds.

Please note that of all available networks on CEX.IO, USDT ERC-20 wallet addresses start with "0x", BEP-20 addresses also begin with "0x", and TRC-20 addresses start with "T".

Stellar (XLM)

Stellar wallets have a special memo ID. When transferring XLM, make sure to include the correct memo ID. You can contact your destination wallet service in order to clarify your memo ID. This simple step can help you withdraw XLM without delays or issues.

Some Stellar wallets need to be activated with an initial deposit. Keep in mind that withdrawals from CEX.IO cannot be sent to inactive Stellar wallets. You can check whether your wallet is enabled for deposits by checking the address on the blockchain.

Ripple (XRP)

When withdrawing XRP from CEX.IO, you need to use a destination tag. Please clarify with your recipient wallet service what tag you should include to correctly perform the transaction.

A missing tag can result in lost funds. If you enter the wrong tag, your transaction might be credited to another recipient.

Note that XRP funds cannot be transferred between CEX.IO users, only external addresses are accepted.

To withdraw XRP to a ledger wallet, you can use 0 as your destination tag. Also, please make sure your wallet is active before withdrawing funds to it. Remember that withdrawals from CEX.IO cannot be performed as the initial transaction to your Ripple wallet.

Cosmos (ATOM)

Every ATOM wallet has a special memo ID that you need to include when making a withdrawal from CEX.IO. Please clarify with your destination wallet where you can find your memo ID before performing the withdrawal. A missing or incorrect memo may lead to a loss of funds.

Neo (NEO)

Unlike most cryptocurrencies, NEO does not have decimal places. The minimum transaction value is 1 NEO. When transferring NEO, use only whole numbers.

If you send decimal amounts, you will lose the fractional part of your transaction. For example, if you enter 2.04 as your withdrawal amount, you’ll receive only 2 NEO on your external wallet. The remaining 0.04 NEO will be left in the network.

TRON (TRX)

CEX.IO doesn’t support the Ethereum-based version of the TRON token. Please use only a TRC-20 compatible wallet* to make a withdrawal from CEX.IO. Attempting to withdraw to an Ethereum-based (ERC-20) TRX wallet from CEX.IO will cause a failed transaction and loss of funds.

* TRC-20 wallets start with "T" and ERC-20 wallets begin with "0x".

Tezos (XTZ)

Only use TZ wallets for withdrawing your XTZ from CEX.IO.

Your CEX.IO XTZ wallet is an implicit account address (that starts with "tz"). It’s used for baking and doesn’t support smart contract transactions (or delegation). Withdrawals to wallets of another format, starting with "KT", are not supported.

USDC (USD Coin)

ERC-20 addresses should be entered in lowercase, while Stellar addresses must be in uppercase and include a memo ID.

Polkadot (DOT)

DOT funds cannot be transferred between CEX.IO users, only external addresses are accepted.

Kava.io (KAVA)

KAVA wallets need to be activated with an initial deposit. Keep in mind that withdrawals from CEX.IO cannot be sent to inactive KAVA wallets.

KAVA wallets have a special memo ID. When transferring KAVA, do not forget to include the correct memo ID. You can clarify your memo ID with your destination wallet service.

Kusama (KSM)

KSM funds cannot be transferred between CEX.IO users, only external addresses are accepted.

EVERSCALE (EVER)

When withdrawing EVER from CEX.IO, you need to use a memo ID. Specify with your recipient wallet service what memo ID you should include for the transaction to be successful.

Withdrawals from CEX.IO cannot be sent to inactive EVER wallets. Make sure your EVER wallet is activated with an initial deposit.

Sei (SEI)

Each SEI wallet has a unique memo ID that must be included when withdrawing funds from CEX.IO. Make sure to check with your destination wallet your memo ID before initiating the withdrawal. Failure to include the correct memo could result in the loss of funds.

Celestia (TIA)

A memo ID is required when withdrawing TIA from CEX.IO. Confirm with your recipient wallet service which memo ID needs to be included for the transaction to process successfully.

Injective (INJ)

When withdrawing INJ through the Injective network from CEX.IO, a memo ID is necessary. Verify with your recipient wallet service which memo ID should be included to ensure the transaction is processed successfully.

dYdX (DYDX)

A memo ID is required when withdrawing DYDX through the Dydx network from CEX.IO. Be sure to check with your recipient wallet service which memo ID you need to include to complete the transaction correctly.

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