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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
At QuadrigaCX one can fund his account through Fiat money or cryptocurrencies. Each process is straightforward and very easy to follow.
Below are the steps that can help you make your first deposit successful.
To start go to the login page by clicking this link.
Enter your Client ID which you received via email after registration as well as your password. Check the ‘Security’ box and hit Login.
If the ‘Google Two-Factor Authentication’ setting is active on your QuadrigaCX account, you will have to retrieve the 6-digit code and after entering click Authenticate.
To put some Bitcoin to your account, select the digital currency from the list and click the ‘Fund Account’ option.
Copy the address to your wallet (the source of funds) and follow the succeeding steps to complete the transaction. It usually takes four confirmations before the receiving the money to your account.
If you wish to fund with Fiat, all you need to do is select the currency of your choice from the selection. In this example, we will use the Canadian dollar.
Tick the Canadian flag at the top of the page and hit Fund Account.
Funding with Fiat comes in different forms and options. Most of these require verification before proceeding. Click the ‘Select’ button on the right panel that corresponds to the funding option of your choice, and provide the required information on the next page. This process may take some time to complete, and you will also receive a notification if everything is already in place.
For more information about the different funding options on QuadrigaCX, you can quickly check their support page.
If you want to view your deposit or balance, you can quickly find it from the dashboard.
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