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How to Withdraw your BCH in Nexo?

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Avatar for Laurenceuuu
Written by   469
1 year ago
Topics: BCH, Coin, Bitcoin Cash, Club1BCH, Income, ...

If you are looking for a passive income and increase your earnings daily, monthly and annually, then putting your assets in Nexo is one of the best choice.

Some people commented on our last blog about Nexo, they said that they are interested about this matter. Little did they know that withdrawing your BCH in Nexo is different, thus, to lessen your worries I tried to withdraw 0.01 BCH in Nexo for this blog’s sake.

👉 Read this to know more about Nexo.

Why it is different? It is because Nexo only accept legacy address of Bitcoin cash. But thanks to cool feature of bitcoin.com, they can easily convert your BCH address into legacy address.

👉 To know more about Legacy address, click this to redirect.

I still remember when I first withdrew my BCH from Nexo, I felt nervous because it says that I put the invalid addres even though I know that it was right. Thanks to @Kryptlook for helping me.


How to Withdraw your BCH in Nexo?

This blog is only a quick tutorial, anything written on this article is not a financial advice.

At first, you need to log in on your Nexo account. Then, choose Bitcoin cash and simply click the “Withdraw” button.

After that, you need to fill in the boxes including your Bitcoin cash address specifically its legacy address then the amount of BCH that you want to withdraw.

As of writing, the minimum withdrawal of Bitcoin cash is 0.01 BCH or an approximately $6 in the current price. Also, if you are only a base level, you only have 1 withdrawal monthly.

In my case, I already tried to withdrew 0.01 BCH yesterday to prove that we can withdraw here.

How to get the legacy address?

Firstly, go to your bitcoin.com wallet, choose the wallet that you want to receive your BCH then click “Receive”

Just simply click the three dots and choose legacy address. Then your address will suddenly change, you only need to copy it and paste to Nexo.

Since we are talking about legacy address, you also need to remove the “bitcoincash:” on your address. Then click withdraw.

Before:

  • bitcoincash:1GVFVAbtRB15oeWgfkGdK4ynvMY1SaTaDw

After:

  • 1GVFVAbtRB15oeWgfkGdK4ynvMY1SaTaDw

You are going to use the address under the “After”. It is only an example, use your own address.

If you don't have bitcoin.com, you can convert your BCH address into legacy address using this link:

Just copy and paste your address and go to legacy address option and you are done!

When you click the withdraw, you need to verify the transaction via authentication code and from your email. Don't be mad, it is for security purposes. After some confirmations on the blockchain, my 0.01 BCH arrived on my bitcoin.com wallet.

According to Nexo, it will arrive after 12-24 hours but in my case, it only took a couple of minutes. Maybe it depends on the amount of asset that you are going to withdraw.


Review + Conclusion

Nexo is one of the best platform to put your asset and earn passive income daily. It is also a good idea that your interest will also earn interest, in short, compounding.

It is a user-friendly and legit platform with trusted partnership plus the high security and privacy of its customers.

👉 Follow me on Twitter.

Our tweet was liked by Nexo itself plus the people who retweeted it also supports Nexo. Over the 2 million users, we are lucky to be one who earns passive income especially if you are planning to hold your assets for long term.

Author’s note:

As of now, I am planning to put some Nexo tokens in my account to increase the interest that I have. The Nexo token is cheap as of now, it's better to be one of those early birds and take advantage of the interest.

Hopefully that one day, they will accept Student ID so I can verify my account into advanced verification and take advantage the affiliate program.

I hope this blog helped you to withdraw your BCH one day so you will no be worried if something appears like “this wallet is an invalid address.”

// This is not a financial advice. Invest at your own risk.


Published: August 7, 2021

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Written by   469
1 year ago
Topics: BCH, Coin, Bitcoin Cash, Club1BCH, Income, ...
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Comments

Nagtry po akong mag invest diyan, hindi pa pumasok sa nexo account ko..hindi pa kasi verified yung basic info, pwede po ba mag invest diyan kahit di pa verified yung basic info?

$ 0.00
1 year ago

I think so, nung nagdeposit po ako dito di verified sakin pumasok naman. Baka po di pa tapos confirmation, tingnan mo po sa transaction.

$ 0.00
1 year ago

Okay po salamat po.

$ 0.00
1 year ago

Gusto ko din sana itry kaso may nabasa ako na minsan parang may bug daw or some problems pag mag wiwithdraw

$ 0.00
1 year ago

Di ko pa naman naexperience haha. Like what bug?

$ 0.00
1 year ago

Natry mo din yarnnn, kala ko kung bakit di maka withdraw. Legacy pala ang ang need aguy, na withdraw ko din naman sa wakas

$ 0.00
1 year ago

A good reminder for newbies !

$ 0.00
1 year ago

Yeah it is! I saw myself to them haha!

$ 0.00
1 year ago

thanks for this lau!

$ 0.00
1 year ago

You're welcome😄

$ 0.00
1 year ago

Aigoo.. Parang na.ingganyo na ako hihi..😅 May affiliate program din pala?

$ 0.00
1 year ago

Yep, pero 'yung mga article ko na 'yan walang affiliate link haha 'di pa ako pwede dun kasi di pa advanced verified 'yung sakin. $10 in BTC per referral.

$ 0.00
1 year ago

ay ang laki naman pala..😅

$ 0.00
1 year ago

I love the idea of compounding gusto ko itry.

$ 0.00
1 year ago

Always do your own research first para 'di ka malito😄

$ 0.00
1 year ago

Oo research muna ako hehe

$ 0.00
1 year ago

need paba ng ID para jan Kuya?

$ 0.02
1 year ago

Yep kapag advanced verification. Yung sakin basic verification pa lang bale name and personal info ang requirements. Di pa fully verified sakin pero ayos lang naman gamitin. Kapag advanced verification nacomplete mo pwede ka na magrefer ng friends for their affiliate program.

$ 0.05
1 year ago

ah sige try ko magresearch kuya about jan baka pwede ko din ipasok ung BCH ko.❤

$ 0.00
1 year ago

Good luck!

$ 0.00
1 year ago