Ultimate guide on how to transfer
Bitcoin from Bithumb to itBit

Step by step guide on how to withdraw Bitcoin from your Bithumb account

Bithumb only allows Fiat money (KRW) withdrawals to Korean residents. Other users have the option to withdraw cryptocurrency like Bitcoin and here the easy steps to follow:

Go to https://www.bithumb.com  and click on “Sign In.”

Enter the email and password you registered.

How to log in on Bithumb

Enter the security password you used when you signed up then click “Confirm.”

How to Log in on Bithumb

After logging in, click on the “Wallet” button located at the top bar and select “Withdrawal.”

How to withdraw funds from Bithumb

On the Withdrawal section, select the Bitcoin or currency you want to withdraw.

How to Withdraw from Bithumb

Next, enter the amount you wish to withdraw, together with the bank name, bank account, account number, account holder’s name. Always double check your information before submitting withdrawal transactions as it can no longer be reverted and could cause you to lose funds.

How to Withdraw funds from Bithumb

Also, type in the cell phone verification code for authentication purposes, and then click “Withdrawal Request.”

How to withdraw on Bithumb

Check the transaction history at the bottom of the page where it says “History” or by clicking on the “Pending Order” and “Completed Orders.”

How to check transaction History on BithumbFantastic! You have just withdrawn Bitcoin from your Bithumb account. 

Step by step overview on how to deposit Bitcoin on itBit

With your fully confirmed and verified itBit account, you can take advantage of the different features available on the exchange. One of the major things that you need to do before you start trading is depositing funds. With itBit, you can deposit cryptocurrencies like Bitcoin or Fiat money.

These are the easy-to-follow steps to help you make your first Bitcoin deposit on itBit

  1. Deposit Bitcoin on itBit
  2. Deposit Fiat money on itBit

Click this link to access the exchange site. Log in using the email address and password you’ve registered for itBit. Once you’re logged in, your default screen will direct you to itBit’s funding page.

1. Deposit Bitcoin on your itBit account

To deposit Bitcoin on itBit, choose the wallet account you would like to fund, then click on “Deposit,”.

Next, select your Bitcoin and click the “Deposit” button. A pop-up window with your Bitcoin deposit address will appear. You can either send your Bitcoin to this deposit address or scan the QR Code provided using your wallet service.

The deposit address auto-generates a unique value for each deposit transaction. You must rescan or input the new deposit address for any future deposits to avoid losing funds. 

If you scroll down the funding page, you’d be able to see your deposit transactions.

Easy, right? You have added Bitcoin on your itBit account. 

2. Deposit Fiat money on your itBit account

To deposit Fiat money on your itBit account, the instructions are similar to depositing Bitcoin. Select the appropriate account tab from which you would like to transact. Under “Deposit,” select your currency (SGD is currently unavailable).

Next, click the “Deposit” button. The “Cash Wire Deposit Instructions” will pop-up. Please follow itBit’s instructions including making sure the bank account name from which the transfer originates, matches that of the registered account or your deposit can be rejected. Secure your itBit wallet ID. This is added in your wire transfer instructions. Insufficient/missing account identifying information will lead to delays in Fiat deposits, reversals and administrative fees imposed by the banks and itBit.

deposit fiat on itBit

If you scroll down the funding page, you’d be able to see your deposit transactions.

You did it! You have added Fiat money on your itBit account.

Which Cryptocurrency do you want to buy, transfer or store?

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.