money ยท post 06 of 7 in this channel
Getting money back out of a WTN market balance
It is the same machinery as a deposit, pointed the other way, and it has one extra credential in front of it.
the three wethenorth market addresses
hn2paw7zfvndw3dovycegeqmvvnf4pl67b3g2p7pohjlzavloosh73id.onionhn2paw7zrgujyhnt6mgxlt2q6uhgbke4itpqitxhyfbumq3wtnckbuyd.onionhn2paw7zadwkcra3qzv5e4q547i7e5lvxm62cfxqftuqdu7moiu2ceyd.onionprinted the way they were handed over. no labels, no numbering, nothing here says which one to try first. this feed never opens them, so it has no status light, no percentage and no date of checking to give you.
the shape of it
You give the market an address you control, you say how much, you enter the withdrawal pin, and the market sends a transaction.
Then you wait for confirmations, exactly as you did on the way in. Nothing about the waiting is different in this direction.
the address is the dangerous field
It is a long string you are typing or pasting into a box, and if it is wrong the money goes somewhere else permanently. There is no undo and no support ticket that fixes it.
Copy it from your wallet. Paste it. Then check the first and last few characters against the source, using the chunking method from how to read one.
This is the single highest consequence field on the entire market and it looks like every other text box.
the pin
This is where the withdrawal pin earns its existence, and where people discover they set it to the same value as their password, or cannot remember it at all.
The post on the withdrawal pin is about that. If you are reading this before your first withdrawal, go and check you know yours.
the fees, again
A network fee comes off, and the market may add one of its own. What arrives will be less than what you asked for, and that is normal rather than an error.
Small withdrawals are proportionally expensive because the network fee does not scale down. That is an argument for fewer, larger movements, balanced against not leaving a lot sitting there.
do a small one first
Withdraw a small amount to the address you intend to use, and watch it arrive. You have now tested the address, the pin and the whole path.
It costs one extra fee. It is the cheapest insurance available against the worst mistake in this channel.
Do it once, when you first set up, and you never need to do it again for that address. What you are buying is confidence in a path, and a path only has to be proved once.
timing
Withdrawals are not always instant on the market side. Some are batched, some are reviewed, and there can be a delay before the transaction is even broadcast.
So a withdrawal that has not appeared may not have been sent yet at all, which is a different situation from a deposit that has not landed and needs a different kind of patience.
The way to tell them apart is whether you have a transaction identifier. No identifier means the market has not broadcast anything and there is nothing on the network to look for.
With an identifier, you are back in the ordinary confirmations wait, and a block explorer will tell you exactly where you stand.
replies
a reader askedHow long does a withdrawal take?
the answerThere is no number on this page. It depends on whether the market batches them, on the coin, and on the network, and this feed does not open the market to find out.
a reader askedCan I withdraw to the same address I deposited from?
the answerUsually yes, technically. Whether it is a good idea is a question about linking two things together, and it is worth thinking about rather than defaulting to.
a reader askedWithdrawals are disabled. What does that mean?
the answerIt happens for maintenance and for other reasons, and this feed has no way to know which applies. It is worth noticing as information about where your balance is sitting.
what this post is not Not a wallet guide. It stops at the boundary of the market and says nothing about what you should be sending to or holding funds in.