On LOBSTR, the Withdraw option allows users to send out tokens off the Stellar network to other crypto wallets or bank accounts.
The option is available for those assets where the Withdraw button is displayed. The button appears provided that the issuer/anchor of the token allows exchanging the token.
Let's say you're holding BTC Stellar token or tokenized USD asset in your Stellar wallet and want to exchange them for native BTC or USD and withdraw to your bank account.
All you need to do is to find the corresponding token on the 'Home' page, tap the asset, and push the 'Withdraw' button.
Further, the page will open with the content generated by the anchor of the token where you'll be asked to provide additional information depending on the issuer's requirements.
NOTE: LOBSTR fee for withdrawal is 1% of the withdrawal amount or 1 USDC equivalent, whichever is higher. The partner may charge an additional withdrawal fee on their end.
LOBSTR has introduced the Loyalty Tiers Program, which extends benefits depending on the amount of AQUA and ICE tokens you hold in your portfolio balance. Withdrawal transactions are fee-free for Silver and Gold Loyalty Tiers. Learn more
*Does not apply to selling crypto via Moonpay and Changelly. The Withdrawal partner may charge an additional withdrawal fee on their end.
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