How To Withdraw Catizen Tokens From Bitget
Step-by-step guide on how to withdraw $CATI from Bitget:
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Log in to your Bitget account
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Navigate to the Spot trading section and convert your $CATI to USDT
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Enter withdrawal details (use On-chain)
Catizen ($CATI) is a token used in the TON ecosystem-based project of the same name, which combines game mechanics and elements of social interaction in the Web3 world. On September 20, game users expect listing on several major cryptocurrency exchanges, including Bitget. What to do next? In this article, we will look at how to withdraw Catizen tokens from Bitget easily and quickly.
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How to withdraw $CATI from Bitget
Currently, $CATI (Catizen) token is not yet listed on Bitget, and its listing is scheduled for September 20, 2024. However, pre-sale trading of $CATI has been available on the exchange since July 24. During the pre-market, the token price fluctuated between $0.46 and $0.53. These prices are based on the low liquidity and high volatility of the pre-launch period, which creates increased speculative risks. Investors should consider the volatility risks when making decisions, as the price of $CATI may change significantly after a full listing and increased liquidity in the market. It is expected that the token may show growth as the platform develops, including the integration of more mini-games and features in Catizen.
Since $CATI has not yet been fully listed, it cannot be withdrawn. But in future you can withdraw your funds denominated in $CATI by converting them into more popular currencies. As a rule, this is USDT.
Step 1: Access your Bitget account
Begin by logging into your Bitget account using your username and password. For added security, it’s advisable to activate Two-Factor Authentication (2FA), which provides an extra layer of protection against unauthorized access.
Step 2: Transfer your $CATI to USDT
Since $CATI may not be directly withdrawable in its original form, you’ll need to first exchange it for a commonly accepted cryptocurrency such as USDT. Then the stablecoins can be withdrawn to external storage or other operations can be performed with them.
Step 3: Accessing your assets
Click on the “Wallet” symbol located at the top right corner, and select “Withdraw”. Remember that withdrawals are only permitted from your spot account. To withdraw from your Futures account, you must first click " Transfer" to transfer funds to your spot account.
Step 4: Enter withdrawal details
For external wallet withdrawals, opt for the "On-chain" option. Then, provide:
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Coin: select the asset you wish to withdraw.
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Network: choose the appropriate blockchain for your transaction.
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Withdrawal address: input the address of your external wallet or pick one from your saved addresses.
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Amount: specify how much you'd like to withdraw.
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Click “ Withdraw” to move forward.
Ensure the receiving address matches the network. For instance, when withdrawing USDT via TRC-20, the receiving address should be TRC-20 specific. Errors can lead to irreversible loss of funds.
For security purposes, you will need to verify your request using one of the following methods:
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Email code.
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SMS code / Fund code.
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Google Authenticator code.
Step 5: Review your withdrawal transaction
Once the withdrawal process is complete, you can go to the “Assets” section to check them.
To check your withdrawal history, scroll down to the end of the Withdraw page.
Please note that external transfers vary depending on the network and its current load. Typically, they take between 30 minutes and an hour. However, during peak traffic hours, possible delays should be expected.
Common mistakes and how to avoid them
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Incorrect withdrawal network. One of the most common mistakes is choosing the wrong network for withdrawal. For example, if you are withdrawing USDT via the TRC-20 network, make sure that the recipient address also supports this network. Mistakes in network selection can lead to the loss of funds without the possibility of recovery.
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Incorrect wallet address. An error in entering the wallet address or the lack of a tag/memo for some tokens can block your assets or even lead to their loss. Do not forget to double-check the entered data.
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Insufficient available funds. If you do not have enough available funds in your spot account, the withdrawal will not take place. Also, blocked funds, for example in active orders, can temporarily prevent the withdrawal.
Additional Catizen updates and thoughts
The $CATI token is expected to be fully listed on Bitget on September 20, 2024. At the same time, several key features are planned to be launched, including a staking program. The Catizen platform will continue to attract users through mini-games, NFTs, and e-commerce integration, which will expand the use of tokens in the project.
In Q4 2024, it is planned to add more than 200 mini-games to the Catizen ecosystem and release AI companions to further engage users. These games will vary in complexity and genre, providing a diverse experience. They will also be integrated with Web3 functionality and the $CATI token, allowing players to earn cryptocurrency by completing tasks and participating in competitions.
Evaluate market conditions and, if possible, withdraw gradually
When withdrawing $CATI tokens on Bitget, it’s worth paying attention to the network speed and transaction processing time. During periods of high demand on the blockchain, such as large listings or high-traffic events, there may be delays in transaction confirmation. Therefore, it makes sense to schedule withdrawals during periods with less network load, which will reduce waiting times.
Another consideration is liquidity management. Since $CATI is a new token with limited liquidity in the early days after listing, you may experience increased volatility or price spikes when withdrawing. It’s recommended to evaluate market conditions and, if possible, withdraw gradually to reduce the risk of financial loss due to sharp price fluctuations.
Also consider long-term storage. For users who plan to hold $CATI tokens for a long time, it may be useful to take advantage of staking features or other programs on Bitget that allow you to earn interest on the assets you hold. This can be an effective way to get additional value from your tokens while they remain on the platform.
Conclusion
Finally, withdrawing $CATI tokens from the Bitget platform requires following the instructions precisely and being careful when choosing a network for transactions, which will help avoid unnecessary fees and delays. Evaluate the current market activity and liquidity of the token, especially in the early stages of listing, to minimize possible risks. For long-term investors, Bitget provides staking options and additional programs that allow you to earn additional income. Optimizing the withdrawal of assets and understanding the current market conditions will help you effectively manage your tokens. Attention to these details will help you effectively manage your assets.
FAQs
What should I do if my $CATI token withdrawal is delayed or in progress?
Check the status of the blockchain you are withdrawing from. Delays may be due to high network load or a requirement for more transaction confirmations. Try monitoring the network status through the appropriate blockchain explorer and check the minimum confirmation requirements for a successful withdrawal.
How can I reduce my $CATI withdrawal fee?
To reduce fees, choose less loaded networks for withdrawal. For example, networks with lower transaction fees or those that offer more favorable conditions. You can also use the internal transfer feature on the platform to avoid network fees when transferring assets between accounts.
Can I withdraw $CATI in parts if the amount is too large for a single withdrawal?
Yes, splitting the amount into several transactions is a good way to avoid withdrawal limits and reduce the risks associated with the token volatility. This approach can also be useful if you need more flexible asset management on the exchange, especially during periods of increased market activity.
What additional costs may arise when withdrawing $CATI, in addition to the transaction fee?
Additional costs may arise when using third-party wallets or services to store or exchange tokens. Some platforms charge their own fees for transferring assets or require a minimum balance to activate a transaction. It is also worth considering possible exchange rate fluctuations if you are going to convert tokens into another currency before withdrawal.
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Team that worked on the article
Ivan is a financial expert and analyst specializing in Forex, crypto, and stock trading. He prefers conservative trading strategies with low and medium risks, as well as medium-term and long-term investments. He has been working with financial markets for 8 years. Ivan prepares text materials for novice traders. He specializes in reviews and assessment of brokers, analyzing their reliability, trading conditions, and features.
Chinmay Soni is a financial analyst with more than 5 years of experience in working with stocks, Forex, derivatives, and other assets. As a founder of a boutique research firm and an active researcher, he covers various industries and fields, providing insights backed by statistical data. He is also an educator in the field of finance and technology.
As an author for Traders Union, he contributes his deep analytical insights on various topics, taking into account various aspects.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).