This article explains how withdrawal requests are reviewed on OCT24, what different withdrawal statuses mean, and why a request may take time before being completed.
Withdrawals on OCT24 follow a structured review process to support accuracy, security, and responsible platform operations.
How the Withdrawal Review Process Works
After a withdrawal request is submitted, it enters an internal review flow before processing.
This review may include:
- Verification of request details
- Account and security checks
- Confirmation that applicable requirements and limits are met
During this period, the request status will update as it moves through each stage.
Withdrawal Statuses Explained
You may see one of the following statuses in your Withdrawal History:
Pending
- The request has been received
- Review or processing has not yet started
- No action is required from the user at this stage
Under Review
- The request is being checked by internal systems
- Additional verification or confirmation may be required
- Processing time may vary depending on request details
If any action is needed, you will be notified inside the platform.
Processed
- The withdrawal request has passed review
- The transfer has been initiated on the selected network
At this stage, final completion depends on external network confirmation times.
Completed
- The withdrawal has been successfully processed
- Funds have been sent to the destination address
No further action is required.
Rejected
- The request could not be processed
Common reasons may include:
- Unmet requirements or limits
- Verification issues
- Incorrect address or network selection
- Security or risk-related checks
When a request is rejected, the reason will be shown where applicable.
Why a Withdrawal May Take Time
Withdrawal processing time may vary due to:
- Internal review requirements
- Verification status
- Asset and network conditions
- External blockchain confirmation times
OCT24 does not control external network processing speeds.
What to Do if Your Withdrawal Is Delayed
If your withdrawal remains in review longer than expected:
- Check the current status in Withdrawal History
- Review any notifications or prompts in your account
- Confirm that all required verification steps are completed
If no action is requested and the delay continues, you may contact OCT24 Support for assistance.
Important Notes
- Withdrawal review is a standard part of the platform process
- Status updates are shown in real time where available
- Processing times may vary and are not guaranteed
- Withdrawal requests may not be reversible once processing begins
Summary
Withdrawal statuses on OCT24 reflect the different stages of review and processing. Understanding these statuses helps users track their requests and know when action may be required.
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