What is the "T+X" Withdrawal Limit?
[Estimated Reading Time: 3 minutes]
The "T+X" withdrawal limit is a security feature designed to protect users’ assets during P2P trades on Bitget. This article explains how these limits work, their purpose, and how they enhance transaction security.
What Does "T+X" Mean?
In the context of Bitget P2P trading, "T+X" refers to a time-based restriction on withdrawals, internal transfers, and selling activities applied to your account after completing specific transactions.
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T: The transaction date when you complete a purchase or deposit using Bitget P2P.
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X: The number of hours during which withdrawal restrictions are imposed.
For example:
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T+12: A 12-hour restriction.
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T+24: A 24-hour restriction following a P2P purchase or deposit.
The duration of "X" depends on the fiat currency used in your P2P trade and where you are based. These restrictions are designed to enhance the security of your transactions and account, providing a protective buffer period.
How Does the T+X Restriction Work?
When you buy cryptocurrency or deposit using Bitget P2P with a specific fiat currency, the T+X restriction is automatically applied. During this time:
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Restricted Activities:
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Withdrawals to external wallets.
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Internal transfers.
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Selling your purchased crypto on the P2P platform.
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Unrestricted Activities:
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Buying additional cryptocurrency.
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Using your crypto for trading within the platform.
The restriction is lifted automatically once the designated T+X period expires.
FAQs
1. How long is the "X" in T+X?
The value of "X" depends on the fiat currency and region involved in your transaction. Common durations are 24 hours (T+24) and 48 hours (T+48).
2. Why are T+X restrictions applied to my account?
T+X restrictions enhance the security of your transactions by providing a temporary protective buffer. This buffer allows the system to monitor transactions for irregularities, safeguard your assets, and ensure compliance with regional regulations.
3. What activities are restricted during the T+X period?
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Withdrawals to external wallets.
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Internal transfers.
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Selling your purchased crypto on the P2P platform.
4. Can I still trade during the T+X period?
Yes, you can continue to buy additional cryptocurrency and trade on the Bitget platform without restrictions.
5. Can I request the restriction to be lifted earlier?
No, the restriction cannot be lifted manually. It is automatically removed once the designated time has elapsed.
6. Does the T+X restriction apply to all fiat currencies?
The T+X restriction primarily applies to specific fiat currencies and regions. Check the details during your P2P trade to confirm whether the restriction applies.
7. How does T+X protect my assets?
The restriction creates a protective window during which withdrawals and transfers are paused, reducing the risk of unauthorized access or fraudulent activity.
8. Are there any fees associated with T+X restrictions?
No, the T+X restriction does not impose any additional fees.
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