After a couple of trading activities on Bitfinex, you may now go ahead and make your first Bitcoin Cash 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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
With YoBit, you can deposit funds using a variety of cryptocurrencies as well as Fiat money.
Let’s follow these steps to help you deposit funds on your registered and verified YoBit account:
Click here to open the exchange site.
Start by logging in using the email address and password you’ve registered for YoBit.
Click on “Wallets” to view your funds as well as the available Bitcoin Cashs. To deposit, select your currency from the list and click on the plus sign under “Deposit.”
For Bitcoin Cash deposit, refer to the list under “Wallet.” In this example, we are using Bitcoin.
You can highlight it to make sure that you are working on your Bitcoin Cash and click on the plus sign.
The “Deposit” window pops up with the wallet address. Copy the address, scan the code, or generate a new one. Send the transaction to continue. It is a must to copy the correct address before submitting the transaction. Otherwise, you may lose control of your Bitcoin Cash as it can no longer be reverted.
To view your deposit transaction, click on “History”.
For Fiat money deposit, refer to the list under “Wallet.” In this example, we are using USD.
You can highlight it to make sure that you are working on your preferred currency and click on the plus sign.
The “Deposit” window pops up with the payment methods. Make your selection, enter the amount, and click on “Deposit.”
Follow the instructions and fill out the information correctly as it is shown on the account statement. If you fail to provide accurate information, you could lose your money as processed deposits can no longer be reverted.
To view your deposit transaction, click on the “History”.
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