Processing withdrawals from your funded LakeBTC account are simple. You can withdraw Bitcoin Cash or Fiat money, depending on what you have saved.
Let’s check the below steps to help you withdraw funds on your registered and confirmed LakeBTC account.
Click here to open the exchange site.
Log in using the email address and password you’ve registered for LakeBTC.
Once you’re logged in, you will be redirected to the ‘My Wallet” page. Click on “Withdraw” and select on the preferred sub-account you wanted to transact.
For Bitcoin Cash withdrawals, select your Bitcoin Cash from the sub-accounts menu. In this example, we are using BTC.
Fill in the desired Bitcoin Cash amount as well as the target Bitcoin Cash wallet address. You can get this address from your wallet. Click “Submit” to proceed.
Make sure to enter the correct address as completed withdrawal transactions can no longer be reversed, therefore, you could lose your money permanently if the wrong recipient is chosen. For your protection, you’ll be asked to send a confirmation SMS from the registered mobile number.
To view your Bitcoin Cash withdrawal and other transactions, click on “Withdrawal History”.
To withdraw Fiat money, select your preferred currency from the sub-account menus. In this example, we are using USD.
Choose which method you would want to use to process your withdrawal. Make sure you provide accurate and complete information to your bank, otherwise, the transaction request will be rejected or you could lose your money if you supply incorrect data.
It takes 1 – 5 business days for banks to process international wire transfers.
To view your Fiat money withdrawal and other transactions, click on “Withdrawal History”.
With Kraken, you can deposit cryptocurrencies like Bitcoin Cash as well as Fiat money, but first, make sure you have completed the account “Verification” process and have activated 2FA.
Here are the steps on how to deposit Bitcoin Cash on your registered and confirmed Kraken account:
Click here to open the exchange site and click on “Log in.”
Click on “Log in” and enter your registered email address and password. You also need to verify Two-factor Authentication, then click on “Log in.”
Once you’re logged in, click on “Funding” to start depositing.
To deposit Bitcoin Cash, click on “Deposit” and select your preferred Bitcoin Cash. Make sure that the Bitcoin Cash deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Bitcoin Cash to the address as transactions sent to the wrong address may not be recoverable.
For an initial deposit, you will have to generate a new deposit address. Click the ‘Generate New Address’ button to do so.
After adding a deposit address, copy and paste the address and the generated ‘destination tag’ or ‘memo’ if required into the wallet from which the funds will be sent.
To deposit Fiat money, select your currency under “Deposit” and select your deposit method from the drop-down menu.
Copy the deposit wire details and supply the needed information required by the system, depending on what method you have selected. Double check your information, then confirm the deposit transaction.
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