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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
As one of the largest exchanges in South Korea, the platform offers a very friendly user interface for those who intend to fund their account may it be in the form of digital currencies or Fiat money.
In this guide, you’re about to receive instructions on how to place your funds on the Upbit exchange.
To get to the deposit page, you must first log in to your account. The sign-in link is here.
Click the ‘Login to cacao account’ button.
Log-in to the Kakao account that you’ve created which was a prerequisite in the Upbit registration. After entering your email address and password, hit on the Log In button.
Depositing in Upbit is free of charge. However, one has to pass their authentication process first before doing this step.
After getting a verified account, go to the ‘Disbursement’ tab which you find on the top navigation bar.
Click ‘Deposit and withdrawal’ beside the currency of your choice. The incoming address is where you can deposit your funds. Make sure to send the assets to the correct information to get rid of loss and delays. It usually takes 10-30 minutes for the processing depending on the cryptocurrency you choose.
For Fiat deposit transactions, access the ‘Disbursement’ page just like what you do when you process a Bitcoin deposit. There are no fees as well in making this type of funding.
Select the asset that you’d like to fund and go to KRW charge. You should be able to view additional instructions on how to proceed once your account gets authenticated. Always see to it that all information you input is accurate to achieve a smooth and issue-free transaction.
If you wish to check your deposit, you can easily access the ‘Investment History’ page and going to the ‘Deposit/withdrawal waiting’ section.
You can also check it via ‘Deposit history’ of the ‘Disbursement’ page.
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