💰Withdrawals
Follow the steps to withdraw assets from Vertex.
Tutorial Contents:
Overview
How to Withdraw
Fast Withdraw Option
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What Can Be Withdrawn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.
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].
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.
Last updated
