You can send the Bitcoin (BTC) in your Paribu account to another platform, an independent wallet, or a Paribu user. Bitcoin can only be withdrawn over the Bitcoin network; no memo or tag is required. Transfers to Paribu users are completed free of charge and instantly.
How is Bitcoin (BTC) withdrawn?
To withdraw Bitcoin on the Paribu app, tap the Send button on the Wallet tab and choose Bitcoin among your assets. After selecting your destination, enter the recipient address, set the amount, and confirm the transaction on the summary screen. Once you complete the Travel Rule information entry, your withdrawal starts; the transaction is completed in approximately 30 minutes depending on the Bitcoin network confirmation time.
Before you start
- You must have completed your account verification
- Under legal regulations, at least 48 hours must have passed since the purchase or deposit of Bitcoin (72 hours for the first withdrawal)
Withdraw Bitcoin (BTC)
- Tap the Send button on the Wallet tab
- Select Bitcoin (BTC) among your assets
- Select your destination: To a Paribu user, To another platform, or Independent wallet
- Enter, paste, or scan a QR code for the withdrawal address
- Check that Bitcoin is selected as the network
- Enter the amount you want to send
- Review the recipient address, network, amount, and fee on the summary screen; tap the Withdraw BTC button
- Complete the Travel Rule information entry and confirm the transaction with your authentication method
Warning: Entering the withdrawal address incorrectly or using a different network may result in asset loss. A confirmed withdrawal cannot be cancelled or reversed.
If you are sending to an address for the first time, a confirmation screen appears so you can carefully check the address and network. Addresses you have previously sent to are listed under Recent transaction addresses; you can select from this list to send again. You can also use addresses saved in your address book.
Bitcoin network details
Bitcoin can only be withdrawn over the Bitcoin network. Network details:
- Network: Bitcoin
- Estimated time: ~30 minutes
- Withdrawal fee: 0.0001 BTC
Note: The withdrawal fee is charged not by Paribu but by the blockchain network. No network fee is applied for transfers to Paribu users.
Important information
- The Bitcoin withdrawal address can only be used over the Bitcoin network
- Transfers to Paribu users are completed instantly with no network fee
- Under legal regulations, withdrawals cannot be made before at least 48 hours have passed since the purchase or deposit of Bitcoin; on the first withdrawal this period is applied as 72 hours
- The transaction time may vary based on Bitcoin network congestion
- A confirmed withdrawal cannot be cancelled or reversed
- You can track the status of your transfer on the blockchain with your TX code
- Crypto withdrawals cannot be made for 48 hours after a password or email change
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