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, signed by your own keys. 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
The exact interface may evolve, but the flow follows the same self-custody pattern:
- Open your wallet or balances view. This shows the funds available in your self-custody account.
- 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.
- Select the amount and destination. Choose how much to move and the external wallet address you want to send it to. Double-check the address — onchain transfers are irreversible.
- Sign the transaction. Because you hold the keys, you approve the transfer directly. This is the authorization step that replaces a CEX's internal approval process.
- Wait for onchain confirmation. The transfer settles on-chain. Once confirmed, the funds are in your destination wallet.
That's it. No support ticket, no daily withdrawal limit imposed by a custodian, 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 sign 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. This is normal for any onchain action and is 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 seed phrase secure. In self-custody, your keys are your access. Lose them and no one can restore your funds for you.
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.