How to withdraw funds to your bank account or crypto wallet
Step-by-step instructions for withdrawing cash or USDC, understanding cool-off security periods, and withdrawal limits.
Withdrawal Security and Cool-Off Rules
To safeguard member balances against unauthorized access or device compromise, Loop'D enforces strict withdrawal safety protocols. All withdrawal destinations (both bank accounts and external crypto addresses) must be allowlisted.
When a new withdrawal address or bank account is added, a 24-hour security cool-off period is initiated before funds can be dispatched. Members receive email and SMS notifications allowing immediate suspension if the change was unrecognized.
Withdrawals are processed free of fee by Loop'D. Outbound wires typically settle same-day or next-business-day; USDC transfers settle in under 5 minutes.
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