Definition ∞ An exchange payout is the distribution of funds or digital assets from a cryptocurrency exchange to a user’s external wallet or bank account. This action represents the withdrawal of holdings from the exchange platform. Payouts are subject to the exchange’s specific withdrawal policies, including fees, limits, and processing times. The security and speed of these operations are critical for user trust and platform utility.
Context ∞ Exchange payouts are a routine operational aspect for cryptocurrency users, but their efficiency and reliability often become newsworthy during periods of high network congestion or regulatory changes. Discussions often focus on withdrawal limits, transaction costs, and the implementation of enhanced security protocols to safeguard user funds. The integrity of payout systems is a fundamental indicator of an exchange’s health.
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