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ELITE - Priority Withdrawals FAQs
ELITE - Priority Withdrawals FAQs
Updated over a week ago

We are thrilled to inform you about the exclusive benefits that come with your yearly ELITE plan, particularly the highly sought-after priority withdrawal. This feature ensures reliable withdrawal processing within 24 hours, demonstrating our commitment to efficiency and exceptional service.

However, we would like to bring to your attention that, effective immediately, the priority withdrawal benefit will only be applicable to specific withdrawal transactions.

By clearly outlining the eligible and ineligible withdrawal types, we aim to ensure transparency and avoid any confusion. We want you to fully understand the scope of this privileged feature.

Which withdrawal types are eligible?

The priority withdrawal feature will be applicable to withdrawals within the native (same) network, i.e. below:

  • BTC withdrawals to the Bitcoin network.

  • BCH withdrawals to the BCH network.

  • DFI withdrawals to the DeFiChain network.

  • LTC withdrawals to the LTC network.

  • DOGE withdrawals to the Dogecoin network.

  • SOL withdrawals to the Solana network.

  • ETH, USDC, USDT, EUROC, and MATIC withdrawals to the ERC-20 network.

  • DASH withdrawals to the Dash network.

The following types of withdrawals are not covered by the priority withdrawal feature:

  • Cross-network withdrawals: Withdrawals involving transfers between different networks or protocols will not be eligible for the priority withdrawal service.

  • DFI, decentralized tokens (dTokens), and DUSD withdrawals to non-DeFiChain networks, such as Bitcoin, ERC20 networks: Withdrawals of DFI, dTokens, or DUSD tokens to networks outside of the DeFiChain ecosystem, including Bitcoin, ERC20 networks, are not eligible for the priority withdrawal service.

  • Non-DeFiChain tokens (ETH, BTC, USDT, USDC, BCH, DOGE, EUROC, LTC) withdrawals to the DeFiChain network: Withdrawals of tokens such as ETH, BTC, USDT, USDC, BCH, DOGE, EUROC, and LTC to the DeFiChain network are excluded from the priority withdrawal service.

Bake prioritizes the security of client assets with stringent protocols. We strive to balance speed and security, continuously optimizing both. Rest assured, your assets are in safe hands as we uphold high security standards and adapt to emerging threats. Your trust is invaluable, and we prioritize your peace of mind.

We kindly request all yearly ELITE members to take note of these changes. We value your continued support and strive to provide the best service possible. If you have any further questions or concerns, please do not hesitate to contact our customer support team.

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