Ultimate guide on how to transfer
Algorand (ALGO) from GDAX (CoinBase Pro) to Bitfinex

Step by step overview on how to withdraw Algorand (ALGO) from GDAX

GDAX or Coinbase Pro offers straightforward steps in processing Algorand (ALGO) or Fiat money withdrawals. To gain access to all available features on GDAX, you need to completely verify your account.

We prepared this guide to help you with your first Algorand (ALGO) withdrawal on GDAX.

  1. Withdraw Algorand (ALGO) from GDAX
  2. Withdraw Fiat money from GDAX

Access the GDAX website by clicking this link. The link is now showing as Coinbase Pro.

Once you’re logged in, type in your registered email address and password. 

After logging in, proceed at the  upper-left side corner of the page and select your currency, then click on “Withdraw.”

1. Withdraw Algorand (ALGO) from your GDAX account

To withdraw Algorand (ALGO) from your GDAX account, select your Algorand (ALGO) from the drop-down menu under “Select currency.” After selecting your Algorand (ALGO), click on “Algorand (ALGO) address” and enter the address. Make sure that you supply the correct one to avoid losing funds as it can no longer be reverted once completely processed.

Click on “Withdraw funds” to proceed.

Good job! You have successfully processed Algorand (ALGO) withdrawal from your GDAX account.

 

2. Withdraw Fiat money from your GDAX account

To deposit Algorand (ALGO) on your GDAX account, select your Algorand (ALGO) from the drop-down menu under “Select currency.” After selecting your currency, you will be routed to another page showing you different methods to select from in processing withdrawal. Fill out the form with the information required by the system. Make sure your information are accurate and complete to avoid delays or losing funds. Click on “Withdraw funds” to proceed.

You did it! You have withdrawn Fiat money from your GDAX account.

Step by step overview on how to deposit Algorand (ALGO) on Bitfinex

At Bitfinex, any registered user can make a deposit either through cryptocurrencies like Algorand (ALGO) or Fiat money. However, it is mandatory to have a verified account if you intend to process a Fiat money deposit. Just like other exchanges, the funding process for this platform is very understandable.

This guide will help any individual make his/her first deposit on Bitfinex a success.

  1. Deposit Algorand (ALGO) on Bitfinex
  2. Deposit Fiat money on Bitfinex

Click this link to access the exchange site.

Log-in using your registered account. Make sure to copy the Captcha text.

how to login on Bitfinex

Get the 6-digit code from the authenticator app if you have enabled 2FA on your Bitfinex account. Click the ‘Authenticate’ box after entering the 2FA code.

how to login on Bitfinex

After logging in click the Deposit tab on the top of the page.

how to deposit funds on Bitfinex

1. Deposit Algorand (ALGO) on your Bitfinex account

Depositing Algorand (ALGO) does not require a verified account. So while waiting for the verification request approval, you can process cryptocurrency deposit first.

From the Deposit section, locate the Cryptocurrencies panel and choose which currency you want to fund.

how to deposit Algorand (ALGO) on Bitfinex

Read the guidelines on the screen especially regarding the fees before proceeding.

how to deposit Algorand (ALGO) on Bitfinex

After grasping all information check all the boxes and hit the ‘ I understand. Continue.’ button.

how to deposit Algorand (ALGO) on Bitfinex

Bitfinex offers three types of wallet addresses. The most commonly used is the Exchange Wallet which users can use for buying & selling supported tokens. The other two are Margin Wallet (trading on margin) and Funding Wallet (provides finance for other margin traders).

Select which wallet address you want to fund and click on ‘Click to generate address’ button. Additionally, tick on the icon just beside ‘Click to generate address’ to copy the address to the clipboard. This action will make sure that you’re copying the correct one.

To complete this step, you have to enter the Bitfinex address to the external wallet from which you intend to access and send the funds. There is a minimum of 20 confirmations (approximately 5+ minutes) before the funds get credited to your Bitfinex account.

how to deposit Algorand (ALGO) on BitfinexPerfect! You have deposited Algorand (ALGO) on your Bitfinex account. 

 

2. Deposit Fiat money on your Bitfinex account

If your account verification request already gets approval, you may also deposit Fiat money to it. From the deposit section, locate ‘Bank Wire’ and choose the currency you wish to fund from the list.

Follow the instructions on the page such as providing the bank details from which the funds will be coming from and other necessary information needed to complete the process. Always see to it that everything you enter is accurate and updated to avoid errors and delays. You will get a notification once the funds get credited to your Bitfinex account.

how to deposit fiat money on Bitfinex

You can check your deposit transaction on the Deposit section under Recent Deposits.

how to view deposit on BitfinexGreat job! You have effortlessly funded Algorand (ALGO) on your Bitfinex account.

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