3 min read · Updated 2026-10-25

Withdrawals and network fees

Moving Bitcoin out of a platform to your own wallet involves an address, a network fee and a number of confirmations.

Your address

Always copy the address from your own wallet and check the first and last characters. A transaction sent to a wrong address cannot be reversed.

Network fees

Fees are paid to miners and depend on how busy the network is, not on the amount sent. Fast confirmation costs more than a slow one.

Reviews and identity checks

Platforms may ask for identity verification and review requests before sending, as required by law. This can add delay, so check the rules before you start.

Frequently asked questions

Why is my withdrawal pending?

It may be waiting for review or for network confirmations.

Can I cancel a Bitcoin transaction?

No. Once broadcast and confirmed it cannot be reversed.

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Sources and further reading: Bitcoin whitepaper · mempool.space · Bitcoin Wiki: Mining. General information only, not financial advice. Rewards from mining are variable and not guaranteed. See our risk notice.