Modified on: Wed, 21 Jun, 2023 at 4:35 PM
From your BitOasis wallet, you can request a cash withdrawal to your own personal bank account.
BitOasis does not support withdrawals to third parties. Therefore, when moving forward, be sure to include your personal bank account.
For withdrawals made within the United Arab Emirates, a local withdrawal request fees 10 AED, while an international withdrawal order fees 65 AED.
Use the steps below to start an AED/SAR withdrawal order:
Step 1: Please make sure that you have a balance in your Fiat wallet to withdraw cash to your personal bank account. If you don't have a balance, please make sure to sell your crypto balance first in order to have an amount to withdraw.
Step 2: Please click on Wallet - Withdraw to continue.
Please make sure to add your personal bank details that you wish the amount to be withdrawn to.
Step 3:
Enter the amount you wish to withdraw and then click on the ‘Initiate withdrawal’ button. Please note that the minimum withdrawal amount is 200 AED excluding the AED withdrawal fee stated below.
If you wish to withdraw an amount that is less than 200 AED, please contact us by clicking here.
- Please be aware that all withdrawal requests received from Monday to Saturday before 11:00 am (UAE time) will be processed the same day.
- If your withdrawal request is submitted after the deadline, processing will begin the following banking day according to the T&Cs.
- USD withdrawals are currently unavailable. You can withdraw money to your bank account in AED and SAR.
- If you wish to receive your withdrawal payment faster, we advise topping up your account to the required minimum withdrawal amount of 200 AED so that it can be processed within our typical domestic withdrawal processing times of 1-2 days.
- Please let us know if you want to move forward with the exception of a withdrawal of less than 200 AED so we can help you further.
If you require any further assistance, please contact us by clicking here.
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As an expert in cryptocurrency exchanges and financial transactions, I've acquired extensive knowledge and experience in the workings of platforms like BitOasis. The provided article pertains to the processes and guidelines for withdrawing funds from a BitOasis wallet to a personal bank account, focusing on aspects like withdrawal fees, minimum withdrawal amounts, supported currencies, and procedural steps.
Let's break down the concepts mentioned in the article:
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BitOasis Wallet: This is a digital wallet provided by BitOasis, a cryptocurrency exchange platform, allowing users to store various cryptocurrencies and fiat currencies.
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Cash Withdrawal: The process of transferring funds from the BitOasis wallet to a personal bank account in either AED (United Arab Emirates Dirham) or SAR (Saudi Riyal).
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Withdrawal Restrictions:
- Withdrawals can only be made to the owner's personal bank account; third-party withdrawals are not supported.
- USD withdrawals are unavailable at the time specified in the article.
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Withdrawal Fees:
- Local withdrawal within the UAE incurs a fee of 10 AED.
- International withdrawals are charged at 65 AED.
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Withdrawal Process:
- Steps involve ensuring a balance in the fiat wallet or selling crypto to generate the required amount.
- Adding personal bank details for the withdrawal destination.
- Initiating the withdrawal by specifying the amount (minimum withdrawal amount is 200 AED) and confirming the request.
- Withdrawal requests submitted before 11:00 am (UAE time) from Monday to Saturday will be processed on the same day.
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Processing Times:
- Domestic withdrawals typically take 1-2 days for processing.
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Support and Assistance:
- Users needing help with withdrawals or facing specific issues are encouraged to contact BitOasis support for further assistance.
Understanding these key elements is crucial for BitOasis users aiming to conduct withdrawals from their wallets to personal bank accounts, ensuring compliance with the specified guidelines, fees, and procedures outlined by the platform.
Should you require more information or assistance in navigating BitOasis or similar platforms, feel free to reach out for further guidance.
