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Check the withdraw option before you buy crypto
Before you buy crypto anywhere, make sure the place lets you withdraw it to a wallet you control.
Written by John AlewineReviewed by the Crypto Guidance team
Published ยท Updated
An AI chatbot or a search result can list places to buy crypto. It cannot tell you whether the account you open will let you move coins out to your own wallet. You check that part yourself, before you buy. The decision stays with you.
The first line of my Moving Funds Safely checklist is simple: buy on an exchange you can withdraw from. The second line is to move it to your own wallet.
Before you buy
- Find the withdraw or send option and confirm it lets you send to an outside wallet address.
- Set up your own wallet first and back up its seed phrase offline on paper.
- Plan a small test withdrawal before you move the rest.
The free version of these steps lives on the Security page. If you are brand new, read Start Here first.
If you want a second set of eyes, I walk people through a first send and a test withdrawal. If you want to understand a wallet, we set one up together on your device, and the seed stays in your hands the whole time. I don't recommend tokens, hold keys, or manage funds. That work is consulting.