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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
With MixCoins, 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 MixCoins account:
Click here to open the exchange site.
Log in using the email address and password you’ve registered for MixCoins.
After logging in, click on ‘Fund’ or hover your mouse over your email address, which is your account name, and select on ‘Deposit’ from the drop-down menu.
For Bitcoin deposit, locate Bitcoin and click on the ‘Deposit’ box next to it.
You will be routed to the ‘Finances’ page. Make sure that your Bitcoin is selected correctly and is highlighted in green as well as the ‘Deposit’ box. We are using BTC in this example.
Bitcoin generates a unique address per user. Copy the deposit address where you need to send your funds. It is a must to pay attention when you’re copying it as Bitcoin transaction cannot be reversed, and if you’re not careful, you will end up losing your money.
After depositing, you will see your recent deposit transaction at the bottom of the page, or go to ‘History,’ to check all transactions made.
If you prefer to deposit using Fiat money, simply locate USD and click on the ‘Deposit’ box next to it.
You will be routed to the ‘Finances’ page where you have the option to select your currency. Make sure that your preferred currency is selected correctly and is highlighted in green as well the ‘Deposit’ box. In this example, we are using USD.
Select your deposit method by clicking on the drop-down arrow and enter the amount you wish to deposit. When processing wire transfer, double check your account number before sending your funds. Once you sent it to the wrong account, it cannot be undone, and your money can be lost permanently.
Click on the ‘Deposit’ box to continue. After depositing, you will see your recent deposit transaction at the bottom of the page, or if you go to ‘History,’ you will see all transactions made.
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