Phemex will process withdrawals 3 times a day, at 08:00,16:00, and 24:00 (UTC).
The Withdrawal “cut-off” time will be 30 minutes before the scheduled withdrawal processing time. For example, all requests submitted before 15:30 will be processed at 16:00. If you cannot submit your requests within that time, the following withdraw verification is at 24:00. Your withdrawal will be credited to your wallet within 1-2 hours. Due to the time needed for the manual process and pending transactions on the blockchain to carry out.
If you just miss a withdrawal ‘cut- off ‘ time, it takes you about 9 hours to receive the BTC.
Usually it only takes several hours to receive your BTC.
Phemex Crypto Derivatives Exchange: https://phemex.com
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