Simex is a user-friendly exchange platform that allows both Fiat and crypto-to-crypto transactions.
Here are the steps on how to process Bitcoin Cash withdrawal from Simex:
Go to https://simex.global/en and log into your account
Select “Withdraw” from the Finance tab.
To withdraw funds, update your bank details first in your “Withdraw Accounts” page.
From the “Withdraw” page, select the financial account you wish to withdraw funds from. Enter the amount you want to withdraw, and select the method you wish to use. Once done, click the “Next” button.
For RUB, Visa & MasterCard debit cards, Yandex, Money, Webmoney RUR are allowed and for USD, Wire Transfer is offered.
Withdrawal requests are processed within 24 hours. Funds transfer to your bank debit card may take up to 5 business days.
Open the “Withdraw” page in your Finances tab, and choose the financial account you wish to withdraw funds from.
Enter the desired sum you want to withdraw. Select the method you prefer to use to complete the withdrawal and press the “Next” button.
Digital wallets are processed online in real time, unlike Fiat money which takes up to five business days.
At Bitfinex, any registered user can make a deposit either through cryptocurrencies like Bitcoin Cash 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.
Click this link to access the exchange site.
Log-in using your registered account. Make sure to copy the Captcha text.
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.
After logging in click the Deposit tab on the top of the page.
Depositing Bitcoin Cash 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.
Read the guidelines on the screen especially regarding the fees before proceeding.
After grasping all information check all the boxes and hit the ‘ I understand. Continue.’ button.
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.
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.
You can check your deposit transaction on the Deposit section under Recent Deposits.
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