To withdraw funds from Bitstamp, one must verify his/her account first. After such, you will be able to transact via Bitcoin or Fiat money. The transaction time at Bitstamp does not take too long, and the process is also user-friendly.
Here, you will find steps that will guide you on how to make a withdrawal on Bitstamp.
Access the log-in page of Bitstamp first. Provide your registered information (User ID & Password), then hit Login.
For two-factor authentication, a token or 6-digit code is necessary to complete your log-in. Retrieve this from your authenticator app and click Continue.
Go to the ‘Withdrawal’ page as directed by the arrow on the image below.
From the selection on the left panel, select the cryptocurrency that you’d like to withdraw. On the next screen, provide the withdrawal or receiving address as well as the amount. Click the ‘Withdraw’ button to proceed. Bitcoin withdrawals are free of charge but at the same time irreversible, so be sure to provide the correct information.
For Fiat money withdrawal, we will explain the steps through the EU Bank (SEPA) method as an example. To start, select this option from the left panel.
The SEPA form pops up which is an instrument for transferring funds to any bank account within the EU which supports the SEPA standard. Accurately provide all required information and hit Withdraw.
Go back to the Withdraw section to check the status of your withdrawal. Here, you will see that it says ‘Email’ confirmation needed.
Access your email inbox and click on the link that is in the email that you receive from Bitstamp.
The status will now change to ‘Waiting’ to be processed.
Another email will arrive in your inbox confirming your withdrawal.
As a result, the status will now show as ‘Finished’ on the Withdraw page. It usually takes 1-3 business days before you receive the money.
If you wish to check the withdrawal that you’ve just made, you can always go to your Account> Transactions> Withdrawal as the type.
With Lykke, you can deposit funds using a variety of cryptocurrencies as well as Fiat money.
Let’s follow these steps to help you deposit funds on your registered and verified Lykke account:
Click here to open the exchange site.
Note: Downloading Lykke on your mobile phone is highly recommended because the trading process for Lykke requires you to sign in and connect using your mobile device. You are unable to trade using your computer.
I downloaded Lykke Wallet through Android in this example.
To log in, click on “Sign in.”
Type in the email address and password you’ve registered for Lykke Wallet.
Once you’re signed in, you will be routed to the Lykke Wallet homepage. To deposit, click on the blue plus sign on your selected currency or Bitcoin. You may also directly click on “Payments & Transfers.”
For Bitcoin deposit, select “Blockchain Transfer” under “Deposit.”
The “Deposit” screen shows up with all available tokens and coins. Select the one you would like to deposit by tapping on it. In this example, we select Bitcoin.
After you tap on Bitcoin, the app will give you your wallet address. You can transfer your crypto assets to your trading wallet using wallet address and QR-code. It is a must to pay attention when you’re copying it as Bitcoin transaction cannot be reversed, and if you’re not careful, you will end up losing your money.
You can check your balance by going back to the “Home” icon.
If you prefer to deposit using Fiat money, select “Swift” under “Deposit.”
Enter your preferred amount to deposit and click on the “Deposit” box.
Fill out the “Payment details” form and double check the onscreen information before submitting. Once you sent it to the wrong account, it cannot be undone, and your money can be lost permanently. After submitting your data, you get redirected to the screen of the payment provider.
You can check your balance by going back to the “Home” icon.
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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.
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