Written by
Ewelina Skorupka
Published on
Kanga offers multiple cryptocurrency and fiat withdrawal methods through both its browser platform and mobile app.
In this guide, we’ll walk you through the step-by-step process of withdrawing funds using Kanga’s peer-to-peer (P2P) service, which facilitates transactions between verified users through three available payment methods: BLIK, Revolut, or traditional bank transfer.
Kanga P2P Withdrawal
To begin the withdrawal process, log into your trading account. After accessing the main panel at trade.kanga.exchange, click on the Wallet tab.
Navigate to your Kanga wallet
Next, from the left menu, select the “Money Withdrawal” option:
Note that “Withdrawal” and “Money Withdrawal” are two different features
At this point, you’ll choose the currency you want to exchange your cryptocurrency for. From the dropdown list, you can select PLN, EUR, GBP, or USD:
Select one of the four available currencies. In our example, we’ll use PLN.
Decide whether you want to withdraw funds using the GoCash payment gateway or trade directly with other users through the Kanga P2P service. To use the latter option, select your desired currency and click on Kanga P2P:
Select the Kanga P2P option
Within P2P, you can withdraw funds to fiat using two stablecoins: either omegaPLN or USDT.
- For omegaPLN withdrawals, you can transfer to one of several banks, use Revolut, or make a BLIK phone transfer.
- For USDT, you can use Revolut transfers and BLIK transactions.
In our example, we’ll show how to withdraw omegaPLN using BLIK. Select the appropriate cryptocurrency from the dropdown menu:
Choose omegaPLN and proceed to the next step
After selecting the cryptocurrency, you’ll be prompted to choose a payment method and enter the amount you want to sell. Select “BLIK transfer to mobile” from the dropdown list, which is the first available option.
Choose the payment option that is suitable for you
Now, you also need to type the quantity of the FIAT you want to withdraw:
This is how the menu should look after filling in all fields
Now, just click the “Calculate” button to see the proposed exchange rate and the amount you’ll receive. You have two minutes to confirm that you’re satisfied with the transaction terms.
If everything looks correct, click the “Next” button
In the next step, enter the phone number where the transaction will be processed:
After entering the number, click “Sell”
You’ll see all the necessary transaction information one more time. To confirm, click “Sell”
Verify that all transaction details are correct
At this point, the exchange will look for someone interested in buying your cryptocurrency under the offered conditions. Matching usually takes a few moments, and when successful, you’ll see the buyer’s information. If you want to cancel the transaction before the buyer is found, just click the “Remove” button.
The buyer has 15 minutes to complete the payment. Once they confirm the payment, your sold funds will be locked until the transaction is successfully completed.
If, after 15 minutes, the funds haven’t appeared in your bank account linked to the BLIK transaction phone number, use the “Report Problem” option
When the buyer of your cryptocurrency completes the transaction, you’ll see a payment confirmation notice. If it’s correct, confirm receipt to finalize the transaction.
If the funds have reached your account, click “Confirm Receipt”
For security purposes, Kanga will ask you to confirm the transaction one more time. Check the appropriate box and click “Confirm”
Final confirmation that the transaction has been completed successfully
The final window you will see is a summary of the completed transaction. By this time, you should have already received confirmation that the BLIK payment has been deposited into your bank account linked to your phone number.
Final confirmation of the P2P transaction
Congratulations! You have successfully withdrawn FIAT using the Kanga P2P service!
FAQ
What is Kanga P2P withdrawal?
Kanga P2P withdrawal is a peer-to-peer service that allows users to convert their cryptocurrencies into fiat currencies by trading directly with other verified users on the platform. This system enables secure transactions without intermediaries while offering competitive exchange rates.
Which fiats can I withdraw through Kanga P2P?
The platform supports withdrawals in four major fiats: PLN (Polish Złoty), EUR (Euro), GBP (British Pound), and USD (US Dollar). You can convert your cryptocurrencies to any of them through the P2P system.
What payment methods are available for P2P withdrawals?
Kanga P2P offers three primary payment methods: BLIK phone transfers, Revolut transfers, and traditional bank transfers. The availability of these methods depends on which stablecoin you’re using – omegaPLN or USDT.
How long does a P2P withdrawal typically take?
The matching process usually takes just a few moments. Once matched, buyers have 15 minutes to complete the payment. After the buyer confirms the payment, you’ll need to verify receipt of funds before the transaction is finalized. The entire process typically takes less than 30 minutes when everything runs smoothly.
What happens if I don’t receive my funds after the buyer claims to have sent them?
If you haven’t received the funds within 15 minutes of the buyer’s payment confirmation, you can use the “Report Problem” feature in the platform. This initiates a review process where Kanga’s support team will investigate the transaction and help resolve any issues.
Can I cancel a P2P withdrawal once initiated?
Yes, you can cancel the withdrawal before a buyer is matched to your order by clicking the “Remove” button. However, once a buyer is matched and the transaction process begins, cancellation options become limited to ensure fair trading.