Cryptocurrency Withdrawals and Wallets

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  • No withdrawal fees for auto payout or daily payout methods. Click here for other mining fee details.
  • Click here for a guide on how to setup withdrawals and cryptocurrency wallets.

  • The three withdrawal methods
    1. Auto pay - Pays out every 30 minutes on the half hour if the miners balance has reached the minimum auto payout threshold. There is no withdrawal fee.
    2. Daily pay - Pays out approximately every 24 hours and the payout times varies for each currency. The currency balance must be above the minimum daily payout threshold. There is no fee and no minimum.
    3. On-Demand cash out (has fee) - On demand withdrawal requests are added to the next autopay payment, which are sent every 30 minutes. On demand withdrawals are subject to this fee schedule.

  • Withdrawal statuses
    1. Pending - The withdrawal has been initiated to the network and is awaiting the minimum number of required network confirmations, which varies per coin.
    2. Completed - Once the minimum number of network confirmations has been acquired, the transaction is date and time stamped with a 64 character transaction ID, which can be copied and used to verify the transaction on the currencies block explorer.
    3. Note: Each currency has its own set of blockchain explorers, please visit our coin details page for more information.
    4. Confirmations - There is a minimum number of confirmations required by the network before the block reward is confirmed and then finally added to your account balance.
      1. When a miner finds a block, the networks independent nodes confirm the block discovery and reward transaction. On the bitcoin network a consensus is generally considered valid after 6 nodes have confirmed the blocks discovery; other currencies protocols vary.
    5. Note: By network design, freshly mined Bitcoins cannot be transferred until 100 blocks have been found; other currencies protocols vary.

  • Transaction verifications
    1. If you need transaction details, you can check on transaction history and individual transaction data using each withdrawals transaction ID that is supplied once the transaction is completed.
    2. Simply search for that transaction id on each currencies specific blockchain explorer such as for bitcoin or, which currently supports over 30 currencies. For information on specific currencies and links to their blockchain explorers, Click Here.
    3. The 64 character Transaction ID is found on the withdrawal account page.

  • Transaction times
    1. Currency networks transaction times vary
    2. Bitcoin transaction times vary based on network activity. Click here for's historical chart of average bitcoin transaction confirmation times.
    3. Altcoin transaction times also vary per coin and according to network parameters. The transaction times and fees of various cryptocurrencies metadata can be found at the block explorer BitInfoCharts

  • 3 ways to store cryptocurrency mined on, you can 1) send them to a wallet, 2) an exchange or 3) a full node.
    1. Coin wallets - Click here for our Coinomi wallet setup guide.
      • A cryptocurrency wallet is an application that allows sending, receiving and storing cryptocurrency. They range from multicurrency digital wallets to engraved tablets that keep all the information required to to produce the cryptocurrencies private keys and public addresses.
      1. Cold storage - Refers to the methods keeping cryptocurrencies private keys offline in one of a few mediums. This is generally considered the most secure form of cryptocurrency storage so long as various security procedures are taken.
        1. On a USB drive or other data storage medium in a safe place (e.g. safe deposit box, safe)
        2. On a paper wallet - A document containing all of the data necessary to generate any number of cryptocurrency private keys and public addresses.
        3. An offline hardware wallet, such as the very popular cold storage choice, the Ledger wallet
      2. Warm storage - A method of storing cryptocurrency on a hardware security module, not directly connected to the internet, but available via some type of proxy from an internal network, oftentimes used by large exchanges, but pose significant security risks if not properly constructed.
      3. Hot Storage - Refers to a cryptocurrency wallet that is online and connected in some way to the Internet, includes exchanges and even nodes.
        1. Coinomi is an android based (Beta access available on Apple devices) cryptocurrency wallet that allows you to hold onto your private keys and manage a wide variety of cryptocurrencies in the same wallet. Currently it supports the following 16 coins available for mining on Multipool, but in total supports over 100 different currencies and tokens: AuroraCoin, Bitcoin Cash, Bitcoin, DigiByte, Dogecoin, Dash, GameCredits, Litecoin, Myriadcoin, Gulden, Namecoin, Novacoin, Peercoin, Unobtanium, Verge and Viacoin.

      The following 13 currencies are not yet supported by any mainstream wallets and require you to run a node to fully manage that currency outside of an exchange: Anoncoin, ArtByte, CannabisCoin, DNotes, Lynx, MAZA, MonetaryUnit, Sibcoin, Startcoin, Terracoin, Unbreakablecoin, Unitus and Zetacoin.

    2. Exchanges - Click here for setup guide (** Coming soon **)
      • A cryptocurrency exchange is an online trading platform, which allows the exchange of one type of cryptocurrency asset for another, some exchanges even support fiat currencies and withdrawals.
      1. Coins can be sent directly to wallet addresses on your favorite cryptocurrency exchange. Multipool's current favorite is Cryptopia, as it is a properly licensed exchange in New Zealand that supports 24 of the 29 minable coins supported by With an exchange account you can convert your altcoin currencies into other cryptocurrencies and even withdrawal fiat currency such as USD and EURO; every exchanges features and support tools vary.
      2. Multipool strongly advises against storing value on exchanges as they are susceptible to hacking attacks and should be used only for trading, then ideally withdrawn to a securely managed cold storage wallet.

    3. Nodes - Click here for setup guide (** Coming soon **)
      • A cryptocurrency node is - any computer that connects to the currency network is called a node. Nodes that enforce all of the rules of network and maintain complete copies of the blockchain are called full nodes. Most nodes on the network are lightweight instead of full nodes. Full nodes form the backbone of the network. To download the latest version of a currencies full node you should visit the currencies site for instructions, click here for a list of the coins websites supported by Multipool.
  • NOTE: Not all cryptocurrencies are supported by multi cryptocurrency wallets, such as Coinomi and therefore its required to run the coins full node which allows for the secure storage, sending and receiving of the currency. Of the coins supported by, the following are not yet supported by mainstream wallets and require one to maintain a full node for the following 13 currencies: Anoncoin, ArtByte, CannabisCoin, DNotes, Lynx, MAZA, MonetaryUnit, Sibcoin, Startcoin, Terracoin, Unbreakablecoin, Unitus and Zetacoin.
  • NOTE: Some currencies are minable on multiple algorithms such as AuroraCoin and DigiByte (both minable on SHA256 and Scrypt). Respectively they are able to be stored in the same wallet. For example, the SHA256 AuroraCoin and the Scrypt AuroraCoin are the same cryptographic asset and able to be stored in the same wallet.
  • NOTE: The mainstream BTC and BCH wallet known as Bitpay implemented their own BCH wallet system and is not compatible with You need to convert your Bitpay wallet addresses to the legacy BCH wallet address that starts with a 1. Be careful, BCH and BTC are not the same and their wallets are not interchangeable and the act of sending currency to an incorrect wallet address will likely result in a loss of the currency or at least very difficult to recover. To convert BCH addresses to and from the legacy format, we suggest Be careful your on the correct site to avoid a malicious address conversion.