💰Withdrawals

Follow the steps to withdraw assets from Vertex.

Tutorial Contents:

• Overview

• How to Withdraw

• Fast Withdraw Option

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Withdrawals Overview

Vertex is non-custodial, meaning that users always control the assets they have deposited.

What Can Be Withdrawn

Users can withdraw assets at any time as long as they have the assets and enough Funds Available to support the withdrawal.

Example:

• The user has 1000 USDC deposited.

• They have a perpetual position that requires 500 USDC as initial margin.

• The user can withdraw up to ~500 USDC

If a Vertex user has only deposited assets, they can withdraw all of their deposits.

How Withdrawals Work

Vertex submits withdrawal transactions on-chain. Vertex sets an upper limit on gas to keep user fees low. If gas prices are above the threshold, all transactions are put into a queue until the gas price lowers beneath the threshold.

The majority of withdrawals are processed within minutes. However, there may be longer processing periods during times of high gas.

Fast Withdrawals are available for users to withdraw their assets instantly by submitting a transaction to the blockchain.

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Initiating Withdrawals

Step 1. Start Your Withdrawal

• Click [Withdraw] on the portfolio overview or in the Account Center.

• Click [Withdraw] on the asset you want to withdraw on the Balances table.

Step 2. Enter and Place Withdrawal

• Confirm the asset you want to withdraw in the drop-down menu.

• Enter the amount you want to withdraw.

  • Option: Turn on Borrowing (see below).

• Review the summary.

• Click [Withdraw].

• Sign the transaction.

Step 3. View Status & Speed Up Withdrawals

If submitted successfully, you will see a ‘Track status’ button. Click this to go to your withdrawal history table. You can also navigate to it manually by clicking Portfolio -> History -> Withdrawals.

On the history page, you can:

• View the status of the withdrawal -- either pending or completed.

• Speed up a pending withdrawal for eligible assets by clicking [Fast Withdraw].

You can also view the status of your withdrawal on the Account Center.

Fast Withdrawals

If you have placed a withdrawal and it is pending, then you can decide to speed it up using the Fast Withdrawal feature.

Fast Withdrawal will instantly submit the withdrawal to the chain regardless of gas prices.

How to Use Fast Withdraw (Instant)

For certain assets, Fast Withdrawals enable users to submit a processing withdrawal to the chain and receive the withdrawal instantly. This requires a higher fee charge to cover the gas costs.

Eligible Assets:

• USDC on Arbitrum

• USDC on Sei

To Use Fast Withdrawals:

• Navigate to your withdrawal history (Porfolio -> History -> Withdrawals).

• For eligible assets, a [Fast Withdraw] button will be visible beside pending withdrawals.

• Review the details and fees associated with the transaction.

• Submit the transaction. You will receive the assets when the transaction is confirmed.

Learn more about the Fast Withdrawals Mechanism.