When will the withdrawal to the wallet arrive (where does the withdrawal go)?

When will the withdrawal to the wallet arrive? When will the withdrawal to the wallet arrive? How is the withdrawal fee calculated?

In a previous article, we have already mentioned this issue:

If I am talking about a “decentralized exchange” now. Then what kind of market is this trading platform?

1. Why do we need a centralized exchange?

2. Why can’t we choose a secure and stable platform?

3. Due to the lack of third-party audits, the security and reliability of the platform cannot be guaranteed, so the platform’s security cannot be ensured;

4. Why not directly use a centralized exchange for transactions?

Where does the withdrawal go

Withdrawal refers to transferring digital currency to a specific address and then withdrawing it from that address.

Generally speaking, the withdrawal process of the “exchange” includes “trading platform, account system, and wallet system.” In these centralized service institutions, users can directly withdraw fiat funds through the use of exchanges or custodial institutions when trading, instead of actually purchasing digital assets. In addition, some third-party platforms also support users in withdrawing funds and provide related information to avoid risks such as money laundering.