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.
Depositing Bitcoin on your verified Poloniex account is possible through cryptocurrencies only. Additionally, you are required to confirm and fully verify your account in order to process deposits.
Here are the steps that you can follow to make your first Bitcoin deposit on Poloniex.
To get started, access the log-in page of the exchange and select on “Sign in.”
Click on “Balances” and select on “Deposits/Withdrawals.” Keep in mind that you can only deposit cryptocurrencies with Poloniex. In this example, let’s use BTC. To start depositing, select your Bitcoin from the list of cryptocurrencies and click on “Deposit.”
Copy the Deposit Address and use it in sending Bitcoin. Make sure that you are not sending any other currency to your deposit address to avoid losing funds. Meaning, if you’ve selected Bitcoin, you must deposit Bitcoin only.
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