After a couple of trading activities on Bitfinex, you may now go ahead and make your first Bitcoin 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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
Placing funds into your Bittrex account is possible by depositing cryptocurrencies like Bitcoin and Fiat money. After making sure that your Bittrex 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 Bittrex account.
Click this to access the platform.
Once the site is up, log-in with your registered account.
Once you’re logged in, click on “Wallet” which routes you to the “Account Balances” page.
To deposit Bitcoin on Bittrex, select your Bitcoin from the list of available cryptocurrencies. Initially, the page seems empty. You may want to click on “Show zero balance” to view the list or directly type in Bitcoin. So, in this example, we will deposit BTC.
After typing in BTC, the list filters and displays BTC only. There are two icons beside the Bitcoin, and for deposit, select the green icon.
A new box pops-up. Click “New Address” to generate your address. Please make sure to read the Bitcoin deposit instructions if they are available. Some coins require a minimum amount to be sent before they are credited, and some ask for a message/payment/tag/memo. Therefore, you must send Bitcoin to the address provided and attach the needed notes to the deposit for Bittrex to route it to your account.
Also, make sure that you only send the same type of coins to the address. Meaning, if you generated a Bitcoin address you deposit Bitcoin to it and not some other coin. If instructions are not followed, you will risk losing your funds permanently.
For Fiat money deposit, select your currency from the list. Click on “Show zero balance” to view the entire list or directly type in the currency of your choice. So, in this example, we will deposit USD.
After typing in USD, the list filters and displays USD only. There are two icons beside the currency, and for deposit, select the green icon.
Important reminders: Bittrex now supports eligible personal and corporate accounts for USD deposits. International customers and those operating in the States of California, New York, Montana, and Washington are eligible as long as the identity verification process is completed. It is a requirement to request your account(s) be added to the USD markets. If you already have an existing account, you can process your request in a few minutes, and it gets approved in just a few days.
Click here to view the requirements needed.
After the deposit process, you can check your transactions under “Pending Deposits” and “Deposit History” when you scroll down the page.
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