This guide will show you how to withdraw your cryptocurrency to an external wallet or platform from your Bake account. You can easily withdraw your coins by following the instructions below:
Mobile App Instructions
Open the Bake mobile app and select Portfolio in the menu below.
2. On your portfolio page, select the "Withdrawal" button in the menu.
3. On the next screen, you will see a list of your assets. Select the asset you wish to withdraw. (For demonstration purposes, we'll use DFI.)
4. Once you select the coin, you'll be asked to enter the amount you want to withdraw. To withdraw your entire balance, tap the "Max" button. Alternatively, you can choose a predefined percentage or manually input a specific amount. Once you've made your selection, tap the "Continue" button.
5. On the next screen, you'll be prompted to select or add a withdrawal address. If you have previously used and whitelisted addresses, they will appear in a list. To withdraw to one of these addresses, simply choose the desired address from the list and tap "Continue." If you need to add a new address, follow the instructions to whitelist it first. (Learn more about whitelisting withdrawal addresses here)
(If you already selected your withdrawal address, jump to Step 6 below)
If you want to withdraw to a new address that you haven't used before, copy the withdrawal address from the receiving platform and paste it into the top field (1). Then, tap the "Add new address" button (2) that appears. Follow the instructions, which will include answering some questions about the receiving wallet (for more information on why these informations are important, please check this article). Please ensure that you select the correct network and verify that the receiving platform supports the network you've chosen. (Don’t know which network to choose? Please check this article)
6. After selecting or adding your withdrawal address, you'll be directed to a review screen. Here, you can verify the withdrawal details, including the withdrawal address, amount, and withdrawal fee. Please review these details carefully before proceeding with the withdrawal.
(Pro tip: You can save on the withdrawal fee if you are an ELITE member. In that case you will see the toggle “Make this withdrawal free”. For more information about the ELITE membership, click here. To enrol in ELITE, click here)
If everything is correct, you can proceed and tap the Continue button. After that you will get to the security verification.
You need to confirm the transaction by inputting or copy-pasting your 2FA code (1) from your authenticator application, and then tap on the verify button (2).
Please note: If this is your first withdrawal to that withdrawal address, you will also need to confirm the withdrawal via a confirmation email that will be sent to you.
After successfully completing the security verification, you will see a confirmation screen.
That’s it, you now successfully withdrew your coins! You can then either tap on Track status in activity to see this transaction in your activity history with its current status or just tap Done. Once the withdrawal is processed you will be notified via push notification and an email.
Web Instructions
Click on the baker's hat at the top right
Click on "Balances" there
Click on “Withdraw" at the Coin you want to withdraw.
Important: Choose the right network! It says exactly which network you can use! Also, please make sure that the receiving platform supports the network that you selected.
Now you only have to fill in the fields with the correct information and confirm it.
Are withdrawals processed as Smart Contracts?
Please note that certain networks may involve smart contract transactions. When withdrawing, please take note of the warning and ensure that the receiving platform or wallet supports smart contract transactions to avoid any issues.
Kindly check this article for more information: https://support.bake.io/en/articles/9104213-smart-contracts