The withdrawal process depends on the specific mining pool, but it generally follows a set of universal steps. Let’s break it down.
Step 1: Check the Minimum Withdrawal Threshold
Most mining pools set a minimum withdrawal amount. If your balance hasn’t reached this threshold, you won’t be able to withdraw funds. Examples of minimum thresholds for popular pools:
F2Pool: 0.005 BTC
Antpool: 0.001 BTC
Slush Pool: 0.001 BTC
ViaBTC: 0.0005 BTC
You can check the threshold in the "Payments" section on the pool’s website.
Step 2: Provide a Wallet Address for Withdrawal
Before withdrawing your funds, you need to add a wallet address where the cryptocurrency will be sent.
Where to Get a Wallet?
Cryptocurrency Exchanges (Binance, OKX, Bybit, Kraken) – a convenient option if you plan to sell your coins immediately. Crypto exchanges also allow direct withdrawal to a Russian bank card through currency exchange services.
Hardware Wallets (Ledger, Trezor) – the safest option for long-term storage.
Software Wallets (Trust Wallet, MetaMask, Exodus) – provide quick access to your coins.
Important! Make sure your wallet supports the cryptocurrency you are withdrawing. For example, if you mine Ethereum but enter a Bitcoin address, the funds will not reach your wallet.
Step 3: Configure the Withdrawal Settings
In your mining pool account, go to the "Payments" or "Withdraw" section. You need to:
Enter your wallet address (it's better to copy and paste it rather than type manually). Choose the withdrawal currency (if the pool supports multiple currencies). Check the transaction fee (some pools deduct it automatically). Select the payout mode (automatic or manual).
Step 4: Confirm the Withdrawal
After setting up the withdrawal, the pool may require confirmation:
Via email – you will receive an email with a confirmation link.
Via 2FA (Two-Factor Authentication) – you must enter a code from the Google Authenticator app.
Some pools require identity verification for large withdrawals.
Once confirmed, the transaction will be sent to the blockchain network.
Step 5: Wait for the Funds to Arrive
The time it takes for funds to be credited depends on blockchain network congestion and transaction fee settings.
Estimated processing times:
Bitcoin (BTC) – 10-60 minutes
Ethereum (ETH) – 5-15 minutes
Litecoin (LTC) – 2-10 minutes
Dogecoin (DOGE) – 1-5 minutes
Track Your Transaction Using Blockchain Explorers:
BTC: blockchain.com
ETH: etherscan.io
LTC: blockchair.com/litecoin
Important! If the transaction is delayed, check if the fee was set too low.
Step 6: Exchange or Cash Out (Optional)
Once the funds arrive in your wallet, you have several options. Sell on an exchange (Binance, Bybit, KuCoin) and withdraw fiat to your bank card. Trade through P2P platforms (Binance P2P, Bybit P2P). Use cryptocurrency exchange services like BTC Change 24. Withdraw via Bitcoin ATMs (if available in your country).
Be cautious when using private exchange services to avoid scams.
Withdrawing funds from a mining pool is a straightforward but detail-oriented process. The key steps are: ensuring your balance meets the minimum threshold, entering the correct wallet address, сhecking the transaction fee.
If everything is done correctly, the funds should arrive within a few minutes to a few hours.
If you want to withdraw from a mining pool or exchange Bitcoin, you can do so using the following options:
To Tinkoff Bank
To Sberbank
