How Do I Withdraw From My Plexytrade Broker Account

Introduction

Withdrawing funds from your Plexytrade account involves transferring money from your trading account to your wallet, and then withdrawing the funds using the same method you used for the initial deposit. This guide will provide step-by-step instructions on how to complete a withdrawal, including how to handle cryptocurrency withdrawals.

Step-by-Step Guide to Withdrawing from Plexytrade

1. Transfer Funds from Your Trading Account to Your Wallet

1. Access Your Wallet Balance:


• Log in to your Plexytrade account and navigate to your wallet balance.
2. Initiate an Internal Transfer:
• Click on Internal Transfer.
3. Select Your Trading Account:
• Scroll down to Trading Account and select the trading account you want to withdraw funds from.
4. Specify the Transfer Amount:
• Enter the amount you wish to transfer to your wallet (e.g., $389.13).
5. Confirm the Transfer:
• Click on Transfer to move the funds to your wallet. The transferred amount should now appear in your wallet balance.

2. Initiate a Withdrawal from Your Wallet

1. Click the Withdraw Button:
• Once the funds are in your wallet, click the Withdraw button.
2. Select the Withdrawal Method:
• Ensure you select the same withdrawal method that you used for your deposit. For example, if you deposited via cryptocurrency, you must withdraw via the same cryptocurrency method.

3. Complete the Cryptocurrency Withdrawal Process

1. Select the Cryptocurrency and Network:
• Choose your cryptocurrency (e.g., USDC, ERC-20).
• Ensure the network matches the one you used for the deposit (e.g., ERC-20 for Ethereum).
2. Enter Your Cryptocurrency Wallet Address:
• Go to your cryptocurrency wallet (e.g., Coinbase, Binance).
• Navigate to My Assets, search for USDC, and click Receive.
• Ensure the network matches ERC-20. Copy your wallet address.
3. Paste the Wallet Address in Plexytrade:
• Paste the copied address into the withdrawal section on Plexytrade.
4. Enter the One-Time Password (OTP):
• Check your email for a one-time password sent by Plexytrade.
• Copy the OTP and paste it into the required field on Plexytrade.
5. Specify the Withdrawal Amount:
• Enter the amount you want to withdraw (e.g., $389.13).
6. Submit the Withdrawal Request:
• Click Withdraw. Your request will be marked as pending.

4. Verify and Confirm Your Withdrawal

1. Confirmation from Plexytrade:
• You may receive a phone call or email from Plexytrade to confirm your withdrawal request. Follow the instructions to verify the transaction.
2. Withdrawal Approval:
• Withdrawals are manually processed, and once approved, you’ll receive a notification confirming the transaction. This can take up to 1-2 business days on average.

5. Check Your Cryptocurrency Wallet for Funds

1. Verify the Deposit:
• Log in to your cryptocurrency wallet (e.g., Coinbase).
• Check your wallet balance to confirm the funds have been received.
2. Convert to Cash (Optional):
• If needed, you can convert the cryptocurrency to cash and transfer it to your bank account.

Conclusion

Withdrawing funds from Plexytrade involves transferring your money from your trading account to your wallet, selecting the appropriate withdrawal method, and completing the transaction. Always ensure you use the same withdrawal method as your deposit to avoid issues. Withdrawals are manually processed, so be prepared for a brief waiting period for approval.