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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
Adding funds into your KuCoin account can be done by depositing cryptocurrencies like Algorand (ALGO). After making sure that your KuCoin account is safe to use and is fully verified, you can proceed with performing deposit transactions.
Here, you will find steps that you can follow in funding your KuCoin account.
Click this to access the platform.
Once the site is up, log-in with your registered account.
Use the email address and password you’ve registered for KuCoin and click on “Log in.”
After logging in, you will be routed automatically to the “Assets” page.
Inside the “Assets” page, select your Algorand (ALGO) or if it’s more convenient for you, type in your Algorand (ALGO) on the Search bar. Click on “Deposit” in line with your selected Algorand (ALGO) or directly click on the “Deposit” menu at the left side of the screen. We are using BTC in this example.
Copy your Algorand (ALGO) address or scan the barcode. Read the “Tips” prior to submitting your deposit. It is highly recommended to double check your wallet address before completing each deposit transaction to avoid losing money.
“Deposit history” is readily available should you want to check your pending and or all processed deposits.
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