Learn how to withdraw cash from Bitpanda to your bank account and about the difference between withdrawing and sending.
Should I Withdraw or Send?
At Bitpanda you can choose whether you want to Withdraw cash to your personal bank account or Send cash to a third party, like your friend or family member.
We recommend you use the Withdrawal option for withdrawals to your personal account as it's usually faster.
How to withdraw cash?
- Sign in to Bitpanda
- Click on Portfolio
- Click on Cash
- Select the currency you wish to withdraw
- Click on Withdraw
- Select the payout account
- If you haven’t done it yet, you will need to create a new payout account for the selected method
- Enter the amount you wish to withdraw and click on Go to Summary
- On the Summary page, check if everything is correct and click Confirm
- You will receive a confirmation email. Click the Confirm Transaction button in this email to initiate the withdrawal
- Sign in to the Bitpanda mobile app
- Tap on the Trade button
- Tap on Withdraw
- Select the currency you wish to withdraw
- Select the payout account. If you haven’t done it yet, you will need to create a new payout account for the selected method by tapping on the + icon
- Enter the amount you wish to withdraw and tap on Continue
- On the Summary page, check if everything is correct and tap Withdraw now
- You will receive a confirmation email, tap the Confirm Transaction button in this email to initiate the withdrawal
When will my withdrawal arrive?
Withdrawals from participating banks within the EU usually only take seconds to minutes. Withdrawals to other banks and countries may take up to 3 business days.
What does manual approval mean?
In rare cases, we need to manually check a withdrawal for safety reasons. In such a case you should have already received an email on what to do. But you can also have a look at this article to learn more.
Troubleshooting
If you recently deposited cash, you have to wait 1 to 2 business days before you can withdraw these funds again. This is because Bitpanda already makes your deposits available to you for trading, but banks can take a bit longer to complete the actual transaction.
