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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
Indacoin allows you to deposit both cryptocurrencies like Bitcoin and Fiat money. Prior to doing deposit transactions, you need to verify your identity, however, the process is simple and straightforward.
Here are the steps on how to deposit Bitcoin on Indacoin account:
To log in, open the Indacoin site and click on “Products” then “Trading Platform.”
Type in your registered email address, password, and the captcha provided by the system. Click on “Sign in” to continue.
After logging in, click on “Send/Request.” Please take note that Indacoin uses the term “Request” for deposit.
To deposit Bitcoin, click on “Cryptocurrency” and select your Bitcoin from the drop-down menu. You will then be given a wallet address. This is the address that you need to use in processing your Bitcoin deposit. You have the option to scan the QR code to generate a new one. Make sure that the correct address is used in processing your transaction to avoid losing funds.
Recent and previous transactions can be viewed under “Account History.”
For Fiat money deposit, select on “Money” and choose your currency from the drop-down menu. Since this step requires you to add a credit card, you need to go through Indacoin’s Verification process.
Once verified, click on “Deposit.”
Recent and previous transactions can be viewed under “Account History.”
Perfect! You have added Fiat money on your Indacoin account.
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