🏦 How to withdraw $PLOT from your Magic Link wallet

Background

  1. The withdrawal process allows you to withdraw available balance from your Magic Link wallet to your other Web3 wallets.

  2. Funds can be withdrawn to either Ethereum or Polygon network.

  3. Funds available to withdraw do not include any pending returns from prediction markets. Any returns from prediction markets need to be claimed separately by hitting the Claim button in the My Predictions page, post which they will be available to withdraw.

  4. Withdrawals initiated to Ethereum can take around 3 hours to be ready for completion. The completion process on Ethereum requires gas so please make sure you withdraw to a wallet with ETH balance to bear the necessary gas cost.

  5. Withdrawals on Polygon network are gasless and almost immediate.

Guide

Here's a step-by-step guide on how to withdraw PLOT from your Magic Link wallet on PlotX to another Web3 wallet on Ethereum or Polygon.

Step 1 - Go to the Withdrawal page

Navigate to My Funds > Withdraw.

Step 2 - Connect your MetaMask account

Make sure that the wallet you connect to has enough ETH in it to cover the gas cost.

Step 3 - Select the network where you want your PLOT to arrive

PlotX v2 app is on the Polygon network, withdrawing your PLOT from your Magic Link wallet may mean one of two things:

  • Magic Link wallet to another Web3 wallet on Polygon You are withdrawing your PLOT from your Magic Link wallet which is connected to the Polygon network to another Web3 wallet that is connected to Ethereum

  • Magic Link wallet to another Web3 wallet on Ethereum You are withdrawing your PLOT from your Magic Link wallet which is connected to the Polygon network to another Web3 wallet which is also connected to the Polygon network

Depending on which of the above two you want to pursue, you need to select one of the two choices as shown in the screenshot below:

Step 4 - Enter the amount of PLOT you want to withdraw

Step 5 - Approve the withdrawal transaction(s)

Withdrawing to Polygon

If you're withdrawing your PLOT to the Polygon network, then all you need to do is sign the initiated MetaMask transaction and that's it, no gas fees at all

Withdrawing to Ethereum

Withdrawal to Ethereum is a two step process:

  1. Initiate Withdrawal - This step may take up to 3 hour to be completed and doesn't require any gas fees from the user

  2. Withdraw - Once the Initiate Withdrawal step is complete, your funds become available to withdraw. The completion step is a simple MetaMask transaction that can be initiated by clicking on the "Withdraw" button that can be found in the "All Withdrawal" table at the bottom of the page