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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
In this article, we are going to teach you how to deposit both Fiat money and Bitcoin deposits on xBTCe.
Here are the practical steps in processing these transactions:
Go to https://my.xbtce.com/
Log into your account using the email and password you registered.
Next, select “Add Funds.”
On the “Add Funds” section, select your preferred platform in adding funds. You can choose between Bank cards, Bank systems, Electronic payments, and Prepaid cards.
In this example, we are using Wire Transfer from the Bank Systems option. Fill in the deposit form and choose the account into which the funds will be credited, the currency wallet and the bank country. Next, enter the amount you want to deposit and the currency. Available currencies are EUR, AUD, CAD, CHF, GBP, USD, and JPY. Once done, click “Next.”
A generated invoice will be provided, which contains your name, your account number, Beneficiary’s name, Beneficiary’s address, Beneficiary’s account, Beneficiary’s bank, the bank address and its SWIFT code.
You can download and print the invoice, which can be found in the Generated wire transfer invoices form. If you have requested an invoice but are not going to pay it, please delete it from the list. Use the invoice details to make a payment at a bank branch or via the Internet banking service.
You can check the status of the transactions you just made on the “History of Accounts” that is found in your account number located at the left of My xBTCe. For rejected transactions, click “Details” to find out the reason for the rejection, or contact xBTCe customer service (email@example.com) for more information. You can also cancel the pending transactions by clicking “Cancel” in the History tab of the Account Operations page.
On the “Add Funds” section, select “Crypto Payments.” Cryptocurrencies available are Bitcoin, Litecoin, Namecoin, Dash, Emercoin, Peercoin, Ethereum, Tether and Bitcoin Cash.
In this example, we are going to use Bitcoin. Select the currency wallet where the deposit will be transferred, and then click “Next.”
Log into your Bitcoin wallet and enter the BTC address generated in My xBTCe. The funds will be transferred to your xBTCe account as soon as your transaction received a sufficient number of confirmations (at least 3) on the Bitcoin network.
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