Unbonding is the reverse operation to delegation. When delegating you send coins to the validator’s stake, when unbonding you call back the money from the validator back to your wallet.
Another property of this transaction is that the coins are called back from the validator immediately (on block creation, ~5 seconds), but they only arrive at your balance in 518 400 blocks (~28 days). In these 28 days, you will not receive any rewards from the stake you unbond. Keep this in mind when making the decision.
How to perform an unbond
Using BIP Wallet
- Open BIP Wallet and tap Delegated Balance
- Find your stake in the list (if you have several) and press the minus sign
- Enter the amount of coins you want to unbond. Keep in mind that the unbond transaction has a 5 BIP fee
- Check the validity of all entered data, go over everything before you make the decision, then press Confirm
- After completing the transaction you’ll have access to the transaction hash (Mt..), copying which, you can insert it into Chainik and get an exact date when the money will arrive on your wallet
- Go to the main page of BIP Wallet and select the Transactions tab
- Select the transaction you’re after
- Then tap the block number
- A Minter Explorer page with transaction details will open, where you can find the transaction hash
How to find the hash
Using Minter Console
- Go to Minter Console and log into your wallet
- Go to the Delegation tab
The unbond block is located below the delegation block
- Insert the public validator key which you want to unbond from
- Select the coin to call back and specify the amount Note: the unbond transaction has a 5 BIP fee
- Click Unbond
- Check the validity of the data and press Confirm
- After completing the transaction you’ll have access to the transaction hash (Mt..), copying which, you can insert it into Chainik and get an exact date when the money will arrive on your wallet
- Go to the Wallet tab
- Below is a list of all your transactions, every transaction line begins with the hash, all you have to do now is find the transaction you’re after
How to find the hash
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