Step by step overview on how to withdraw Bitcoin from DSX
Processing Bitcoin withdrawal from your DSX account is only possible after passing the Know Your Customer” or “KYC” stage.
Here you will find steps that can help you make your first Bitcoin withdrawal on DSX.
First off, access the log-in page of the exchange.
After logging in, click on “Account,” then “Withdraw.”
1. Withdraw Bitcoin from your DSX account
You can follow the same withdrawal process on all available cryptocurrencies on DSX. Remember that DSX is supporting Bitcoin (BTC), Bitcoin Cash (BCC), Bitcoin Gold (BTG), Litecoin (LTC) and Ethereum (ETH).
To withdraw Bitcoin from your DSX account to external wallet, you need to create a withdrawal template and use template each time you want to withdraw your funds to the same wallet address.
Inside the “Withdraw” page, click on “Create Template” and choose your Bitcoin. Specify the template name (label) and wallet address to which you want to withdraw funds. Make sure that you are selecting the correct address to avoid losing funds. The template will be available on the “Withdraw” page.
To withdraw cryptocurrency from your DSX account using existing withdrawal template, click on the necessary withdrawal template. You will be redirected to the withdrawal form where you need to enter your withdrawal amount. Click the “Withdraw” button afterward and approve your withdrawal request.
Bitcoin withdrawals are processed and sent to the cryptocurrency network in a few minutes. In some instances, it can take up to few hours due to additional security screening. Additional delays with Bitcoin withdrawals can be caused by limited liquidity on DSX hot wallets. In that case, the withdrawals processing delay can be up to a few hours, while DSX transfer funds to hot wallet.
Great job! You have successfully processed Bitcoin withdrawal from your DSX account.
2. Withdraw Fiat money from your DSX account
Just like processing Bitcoin withdrawal, you need to complete the KYC stage before you can proceed with your transaction.
After clicking on “Withdraw,” you will be given instructions on what to input like your withdrawal amount.
Bank transfer withdrawals are usually processed within 1-2 business days. It can take longer during bank holidays. DSX uses Rietumu Bank to send bank transfers.
Withdrawals in Fiat currencies (USD, EUR, RUB) to the ePayments platform are instant.
There you go! You have processed Fiat money withdrawal on DSX.
Step by step guide on how to deposit Bitcoin on your account on Simex
Simex allows crypto-to-crypto and Fiat currency transactions.
Below are the steps on how to deposit Bitcoin to your account:
Go to https://simex.global/en and log into your account.
Once you’re in, select “Deposit” from the Finance tab.
1. How to deposit Fiat money to your account on Simex
In depositing RUB, you can do it through Visa and MasterCard debit cards issued by Russian banks, YandexMoney, Payment orders, Tinkoff, Sberbank-Online, Russian Standard, Alfa-Click, Unistream Global Money Transfers, Wallet One, Svyaznoy terminals, Euronet terminals, payment terminals.
For USD, Wire Transfer and Epay are the options available.
Next, choose the financial account you wish to deposit funds to and select the method of payment. Enter the amount you wish to deposit and click on the “Next” button. After this, you will be redirected to the payment service page where you need to complete the transaction.
There you have it! You have just deposited Fiat money to your Simex account.
2. How to deposit Bitcoin to your account on Simex
On the same “Deposit” page, choose the account you want to deposit funds to and select which cryptocurrency you prefer, like Bitcoin.
Next, copy the address and paste it into your third-party wallet. Make sure that you copy the correct address because once the transaction is done, it cannot be reversed.
You can check the link making sure the first and last two digits are correct.
If you want to check the transactions you made, go to the bottom of the same page.
Awesome! You have just deposited Bitcoin to your Simex account.
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