After a couple of trading activities on Bitfinex, you may now go ahead and make your first Algorand (ALGO) withdrawal. Whether it’s a Fiat or cryptocurrency withdrawal, the process outlined by Bitfinex is straightforward, and anybody can do it even beginners. Take note though that only verified users can make a Fiat money withdrawal.
To help you achieve your first withdrawal, we have prepared this guide for you to follow.
To start, open the Bitfinex site through this link.
Log-in with the email address and password you used during registration, enter the Captcha text and click Log in.
For 2FA enabled account, enter the 6-digit code from the authenticator app and hit Authenticate.
Go to the ‘Withdraw’ section to start the activity.
From the Withdraw page select which cryptocurrency you would like to get the funds from under the ‘Cryptocurrencies’ panel.
Enter the receiving wallet address, the amount you want to send, the sending wallet and your Note if any. Tick the small boxes to confirm that you wish to add a note for this transaction and that you have understood all the terms and conditions. Click the ‘Request Withdrawal’ button to proceed. Also before sending the request, a ‘Receive Amount’ field will show which tells you the total amount you will receive less the Tx Fee. This action usually takes up to 12 hours to complete.
For you to withdraw Fiat money from your Bitfinex account, go to the ‘Withdraw’ section and select the currency you wish to take the funds from under Bank Wire. On the next page, fill in your wire information such as name, address and bank details.
If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days). Whereas if it’s an ‘Express Withdrawal’ the fee is 1% and with a processing time of 24 hours or 1 business day.
You can check the withdrawal that you’ve just made from the ‘Withdraw’ page under the ‘Recent Withdrawals’ section.
Gate.io is a blockchain asset trading platform that offers crypto-to-crypto transactions with low withdrawal fee, cold storage wallet, and low trading fee.
Below is a guide we have prepared to help you in depositing Algorand (ALGO) on your account on gate.io:
Go to https://www.gate.io/ and click “Login.”
Enter the username or email and password you register and click “Log in.”
Next, from the dashboard, go to the small box on the right side of the page and click “Deposit” or you can go to “Wallets.”
Now that you are on the “Wallets” page, look for the currency you want to deposit funds to and click “Deposit.”
Copy the address and paste it into your preferred third-party wallet and enter the amount you wish to deposit.
You can check the transaction you have just made by clicking on the “Recent Deposit” button located on the left side of the page under the “Deposit/Withdrawal” tab.
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