Send Bitcoin

You can withdraw your bitcoin from your Coinbits account and send it to an external wallet you control using Send Bitcoin. We encourage you to self-custody your bitcoin, and we are here to help if needed.

How to withdraw bitcoin from Coinbits

First, enable two-factor authentication in Settings by clicking Privacy & Security (if you haven't done so already).

Next, in the sidebar, click Send Bitcoin.

Enter the amount of bitcoin you'd like to send. You can send any amount less than or equal to the amount displayed next to "Available to Send", and greater than the minimum amount per transaction, which is 0.000005 bitcoin (500 sats).

Important: All bitcoin purchased with Coinbits is subject to a hold that lasts a number of days. USD deposits typically take 1 to 3 days to clear. Then, bitcoin is purchased with the cleared funds, and for newer customers, the bitcoin is held for 14 days. This helps fight fraud and keeps our prices low.

Enter the invoice address where you wish to send your bitcoin. We recommend copying and pasting your invoice address.

Review the information, and if it looks good, check the box to acknowledge you’ve reviewed it and click “Send Bitcoin”.

Enter the two-factor authentication code from your authenticator app.

Important: You will receive two emails. The first email is a “request received” email from us. The second email is a disbursement confirmation from our banking partner, Prime Trust. For your bitcoin withdrawal to occur, you will need to click on the verification link in the email from Prime Trust.

When will I receive my bitcoin after sending it?

Once you place a request to send your bitcoin, you'll receive an email from Prime Trust asking you to click a link to authorize the disbursement. After you click the link, your bitcoin will be sent. It will usually take less than an hour to arrive. In rare cases, it could take up to one business day.

Updated on:
March 13, 2023