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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
SouthXchange has announced last May 1, 2018, that they will no longer support the depositing of Fiat money. USD is now being replaced by TUSD (TrueUSD), a cryptocurrency pegged 1:1 to the US Dollar. For more information, click here. All deposit transactions are now through cryptocurrencies.
Below are the steps on how to deposit Bitcoin on your SouthXchange account:
Click here to open SouthXchange.
To log in, use the email and password you used when you registered.
After logging in, click on the “Wallets” button at the top bar.
On the “Wallets” page, type in your selected Bitcoin on the search box. In this example, we are going to use Bitcoin.
You can also click on the heart symbol beside each currency so it will be added on your “favorites” tab, which is the blue ribbon at the top of the page.
Select the “Deposit” button and check out the minimum deposit in box 2(image below).
The deposit address is found in box 3. You can either copy it or scan the QR code below the address and type in the numbers under the code. Send the transaction to continue the process.
Make sure to copy the right address. Check the first two symbols and last two symbols before proceeding. You may lose control over your funds otherwise.
You can find the transaction history at the “Orders” button at the top bar, or by clicking on “Transactions” beside “Withdrawal.”
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