How to Withdraw your BCH in Nexo?

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:

• https://tools.bitcoin.com/cash-address-converter/

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