Withdraw

The withdrawal process transfers your Bitcoin from Botanix back to the Bitcoin main chain.

Step 1 - Enter Withdrawal Details

  1. Navigate to the "Withdraw" tab in the bridge interface

  2. In the "Amount" field, enter how much Bitcoin you wish to withdraw

    • You can use the percentage buttons (25%, 50%, 75%, 100%) to quickly select a portion of your available balance

    • Note that there is a minimum withdrawal amount of 0.0001 BTC

  3. Enter your Bitcoin recipient address in the "Receive Address" field

    • Double-check this address to ensure it's correct

    • For added security, consider sending a small test amount first

Step 2 - Initiate Withdrawal

  1. Review all details

  2. Click "Withdraw" to initiate the withdrawal process

  3. Confirm the transaction in your wallet

  4. Your withdrawal request will be processed during the next epoch block (approximately every minute)

Step 3 - Tracking Your Withdrawal

  1. You can get an overview of your withdrawals by clicking "See withdrawal history"

  2. Once processed, the Bitcoin will be sent from the federation multisig wallet to your specified Bitcoin address

  3. Check your Bitcoin wallet or a block explorer to confirm receipt. You can easily access the Bitcoin mempool by clicking on the transaction in the Withdrawal History

Withdrawal Considerations

  • Fees: The total fee for a withdrawal consists of:

    • Botanix gas fee for the burn transaction

    • Bitcoin network fee for the outgoing transaction

    • These fees are automatically calculated and deducted from your withdrawal amount

  • Processing Time: Withdrawals are batched and processed approximately every 10 minutes with each epoch block

  • Minimum Withdrawal: You cannot withdraw less than 0.0001 BTC

Withdrawal Troubleshooting

  • Insufficient Balance: Ensure you have enough Bitcoin on Botanix to cover both the withdrawal amount and the gas fees

  • Transaction Failing: Check that you've entered a valid Bitcoin address

  • Delayed Receipt: During periods of network congestion, it may take longer for your withdrawal to be processed

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