If you’re looking for a detailed guide on how to withdraw your funds from Ubitex Exchange, this post is for you. Whether you’re withdrawing your profits or converting tokens to USDT (Tether), this step-by-step walkthrough will help you navigate the process seamlessly. Let's get started!
How to Withdraw From Ubitex Exchange, Video Guide
Step 1: Check Your Earnings
Before withdrawing, it’s essential to check your earnings or balance on Ubitex. Here’s how:
- Log in to Ubitex Exchange and navigate to your dashboard.
- View your balance to see the total amount you’ve made. For example, your profit might look something like $74, as seen in our case study.
This earnings snapshot lets you know how much you can withdraw or convert to other tokens like USDT or Ubitex’s native token (UB).
Step 2: Convert Your Earnings to UB (Ubitex Token)
To withdraw your earnings, you first need to convert them into UB tokens. Here's the procedure:
- Go to the ‘Asset’ Tab and switch to the ‘End’ tab (this is where your staking capital and earnings are stored).
- Click on ‘Convert’. You’ll notice that your earnings are in the form of STUB (staking rewards).
- Convert your STUB earnings to UB by selecting ‘Max’ and then clicking on ‘Convert Now’. This conversion is completed almost instantly.
By converting your STUB to UB, you can now sell or trade the UB tokens for USDT or withdraw them to another platform.
Step 3: Transfer UB to the Trading Wallet (spot wallet)
Once the conversion is done, you need to move the UB tokens from your ‘End’ account to your ‘Spot’ account:
- Go to the ‘Transfer’ Option.
- Choose to transfer from ‘End’ Account to ‘Spot’ Account.
- Select UB as the token to transfer and click on ‘All’ to move everything.
This transfer will make your tokens available for trading or selling.
Step 4: Sell UB for USDT
To get USDT for withdrawal, follow these steps:
- Go to the ‘Trade’ Option.
- Click on ‘Sell’ and select the amount of UB tokens you want to sell.
- Once your UB is sold, you’ll see the corresponding USDT in your Spot account.
At this stage, you might notice a slight reduction in your balance due to transaction fees, but this is normal and should be accounted for in your calculations.
Step 5: Withdraw USDT to Your Preferred Wallet
Now that your earnings have been converted to USDT, it’s time to withdraw them:
- Go to the ‘Asset’ Tab and select ‘Spot’.
- Click on ‘Withdraw’ and select USDT as the token you want to withdraw.
- Choose ‘On-chain Transfer’ and enter your preferred USDT wallet address (ensure that you select the appropriate network, such as BEP-20 or TRC-20).
- Fill in the necessary details and click on ‘Submit’.
You may be required to verify your transaction by entering codes sent to your email and authenticator app.
Step 6: Confirmation and Completion
After submitting the withdrawal request, the funds should be processed within a few minutes. In most cases, it takes about 2-3 minutes for the USDT to reflect in your external wallet. Once the transfer is complete, you’ll receive a notification confirming the successful withdrawal.
Tips for a Successful Withdrawal from Ubitex Exchange
- Double-check your wallet address: Enter the correct address to avoid losing funds.
- Choose the appropriate network: For lower fees, use networks like BEP-20 (BSC) instead of ERC-20.
- Verify with your security codes: Make sure you have access to your email and authenticator app to complete the withdrawal.
Withdawal of Funds from Ubitex is Straighforward and easy
Withdrawing from Ubitex Exchange is a straightforward process if you follow these steps carefully. First, convert your staking rewards to UBT, transfer to the trading wallet, sell for USDT, and finally withdraw to your preferred wallet.
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