Ultimate guide on how to transfer
Bitcoin from Private: LakeBTC to BitInka

Step by step overview on how to withdraw Bitcoin from LakeBTC

Processing withdrawals from your funded LakeBTC account are simple. You can withdraw Bitcoin or Fiat money, depending on what you have saved.

Let’s check the below steps to help you withdraw funds on your registered and confirmed LakeBTC account.

  1. Withdraw Bitcoin from LakeBTC
  2. Withdraw Fiat money from LakeBTC

Click here to open the exchange site.

Log in using the email address and password you’ve registered for LakeBTC.

Once you’re logged in, you will be redirected to the ‘My Wallet” page. Click on “Withdraw” and select on the preferred sub-account you wanted to transact.

1. Withdraw Bitcoin from your LakeBTC account

For Bitcoin withdrawals, select your Bitcoin from the sub-accounts menu.  In this example, we are using BTC.

Fill in the desired Bitcoin amount as well as the target Bitcoin wallet address. You can get this address from your wallet.  Click “Submit” to proceed.

Make sure to enter the correct address as completed withdrawal transactions can no longer be reversed, therefore, you could lose your money permanently if the wrong recipient is chosen. For your protection, you’ll be asked to send a confirmation SMS from the registered mobile number.

To view your Bitcoin withdrawal and other transactions, click on “Withdrawal History”.

Good work! You have successfully processed Bitcoin withdrawal from LakeBTC!

 

2. Withdraw Fiat money from your LakeBTC account

To withdraw Fiat money, select your preferred currency from the sub-account menus. In this example, we are using USD.

Choose which method you would want to use to process your withdrawal. Make sure you provide accurate and complete information to your bank, otherwise, the transaction request will be rejected or you could lose your money if you supply incorrect data.

It takes 1 – 5 business days for banks to process international wire transfers.

To view your Fiat money withdrawal and other transactions, click on “Withdrawal History”.

Excellent! You have successfully processed Fiat money withdrawal from your LakeBTC account.

Step by step overview on how to deposit Bitcoin on BitInka

Putting funds into your BitInka account can be done by either depositing through Bitcoin or Fiat money. However, for Fiat deposits, BitInka requires that you verify your identity first. Otherwise, if it’s a Bitcoin deposit, account verification is not necessary.

Here, you will find steps that you can follow in funding your BitInka account.

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

Click this to access the platform.

Once the site is up log-in with your registered account.

After logging in, you’ll be routed directly to the Wallet section.

1. Deposit Bitcoin on your BitInka account

To initiate a Bitcoin deposit,  click on the ‘Cryptocoins’ tab.

Choose the Bitcoin that you wish to deposit from the list and hit on the ‘Deposit’ button that corresponds the Bitcoin.

The next screen will show your crypto-wallet public address. Enter the platform to which you’re going to acquire Bitcoin and either scan the QR code or enter the cryptocurrency address. Minimum deposit you can make is 0.0001  BTC.  You will receive three confirmation notices before your Bitcoin deposit arrives which usually takes up to 24 hours.

Great! You have added Bitcoin on your BitInka account. 

2. Deposit Fiat money on your BitInka account

Now let’s talk about Fiat deposit. Remember that you can only initiate this process after your account gets verified. To fund a verified account with Fiat money, go to the ‘Currency’ tab which is still under the Wallet section.

From the list of currencies or fiat money, choose which one you want to fund. Click on the ‘Deposit’ button to proceed. On the following page, you must specify on how you’re going to add credit to your account (transfers are the preferred method here). Enter the amount of your deposit and then click Total. Confirm that the amount is correct and hit Enter. An email with the information of the bank account to which you must make the deposit will arrive in your inbox.

Lastly, you have to verify your deposit to avoid delays. To do this, go to the Wallet section and click Deposit. Select the currency to which you have made the deposit and hit Verify. Provide the information being requested on the next page, attach the voucher and click on Save. Crediting time may take 24 to 72 business hours.

Awesome job! You now have deposited Fiat money on your BitInka account.

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