What is the withdrawal process if I use wire to deposit?
If you deposit by Wire we must send that same amount back via wire first before using another withdrawal method.
- We can only send the initial deposit back to the same bank account used in that deposit
- Once the initial deposit has been returned we need to use a different withdrawal method for future withdrawals
- The withdrawal will be processed by us in the same or next business day and can take 3-6 Business days to hit your account (this depends on your bank).
Sample : If you deposit $100 via Wire initially and have a balance of $200 in your Hugo Wallet from trading, we have to process $100 back to your bank account and then we can send the other $100 to your other bank account or to a bitcoin address should you look to withdraw the balance of the $200.