How Do You Withdraw From Legend?
Withdrawing from Legend means moving funds out of your self-custody wallet onchain. Learn the steps and how it differs from a centralized exchange withdrawal.
To withdraw from Legend, you move your funds out of your self-custody wallet to an external address onchain. Because Legend is non-custodial, your assets already live in a wallet that you control — withdrawing simply means transferring them out from your own wallet. There's no company holding your balance and no withdrawal approval queue to wait on.
This is a fundamentally different model from a centralized exchange, where the platform holds your funds and processes withdrawals on its own schedule. Understanding that difference is the key to understanding how withdrawing from Legend works.
What "Self-Custody Withdrawal" Actually Means
On a centralized exchange (CEX), your crypto sits in the exchange's wallet. The balance you see is an IOU. To get your funds, you request a withdrawal, the exchange reviews it, and eventually sends the crypto to your address.
Legend is self-custody. Your funds sit in a crypto wallet whose private keys only you hold. The platform never takes possession of your assets, so a "withdrawal" is really just you authorizing an onchain transfer from your own wallet. This is one of the core safety advantages covered in is Legend safe — there's no custodian who can freeze, lose, or block access to your money.
Steps to Withdraw From Legend
For exact screens on web, iOS, and Android, see How do I withdraw? in the Legend help center.
- Open Withdraw. On web, select your avatar, then select Withdraw. On iOS and Android, open your Profile, select the settings icon, then select Deposit & withdraw.
- Close or settle open positions if needed. Margin tied up in active perpetual futures positions isn't freely withdrawable until those positions are closed. Withdraw only from your available (free) balance.
- Choose crypto or bank. Select Withdraw to crypto to send to a wallet or an exchange on the token and network you choose (minimum $20). Select Withdraw to bank to receive US dollars in a US bank account (minimum $50).
- Enter the amount and destination. For crypto, paste the receiving address and double-check it — onchain transfers are irreversible.
- Review and confirm. Your Legend wallet signs the transfer when you confirm. There is no seed phrase to enter and no manual review queue.
- Wait for the funds. Most crypto withdrawals arrive in a few minutes. Bank withdrawals take 1–2 business days by ACH, or arrive instantly by RTP.
That's it. No support ticket and no waiting for a manual review. Start trading on Legend and your funds stay in a wallet you control the entire time.
How It Differs From a CEX Withdrawal
| Step | Centralized exchange | Legend (self-custody) |
|---|---|---|
| Who holds funds | The exchange | You |
| Approval | Exchange reviews request | You confirm it yourself |
| Freezes/holds possible | Yes | No custodian to freeze |
| Limits | Set by the exchange | Set by your own balance |
| Settlement | Exchange's internal timing | Onchain confirmation |
The mental shift is this: on a CEX you're asking for your money back. On Legend you're moving your own money — the platform is just the interface to do it.
A Note on Gas and Network Fees
Onchain transfers carry network costs. The amount that arrives at your destination is the amount you send minus any applicable network fee for the transfer. Bank withdrawals cost 0.5% + $1. The review screen shows what you will receive before you confirm. These costs are separate from trading fees. Always leave a small buffer rather than trying to withdraw down to the last cent.
Before You Withdraw
A few good habits:
- Verify the destination address every time. Copy-paste, then check the first and last characters.
- Withdraw to a wallet you control. Don't send funds to an address you can't recover.
- Keep your login and private key secure. Legend wallets have no seed phrase, but anyone with your login or an exported private key can move your funds. Legend support will never ask for them.
Self-custody puts you fully in control of both depositing and withdrawing. If you haven't funded your account yet, see how to deposit on Legend, and if you're brand new, start with how to start trading on Legend.