Making withdrawals from your funded Lykke account is simple. You can withdraw Bitcoin or Fiat money, depending on what you have saved.
Let’s check these steps to help you withdraw funds from your 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 withdraw, click on the blue plus sign on your selected currency or Bitcoin. You may also directly click on “Payments & Transfers.”
For Bitcoin withdrawal, select “Blockchain Transfer” under “Withdraw.”
Paste the wallet address to which you would like to cash out the asset (or scan the QR code, or choose the wallet if it is already added among your private wallets). Make sure to select the correct one as completed withdrawal transactions can no longer be reversed, therefore, you could lose your money permanently if the wrong recipient is chosen.
Tap “Proceed” to be routed to the screen where you type in the amount that you would like to withdraw. Tap Proceed and confirm the transaction.
For Fiat money withdrawal, select “Swift” under “Withdraw.”
Type in the amount that you would like to withdraw and fill in the bank account details for transfer. Enter all the essential information correctly like your bank code and ensure that this information is the same as the bank statement. Otherwise, the transaction request will be rejected, or you could lose your money if you supply incorrect information.
Tap “Proceed” and review all entered information for bank transfer and confirm the operation.
Bitstamp offers its users two ways to fund their account. You can do this through Fiat money or with your favorite cryptocurrency after passing the verification stage. The process is also pretty much the same with other exchanges.
The steps below will help you make your first deposit successful.
Let’s start by accessing the log-in page. Afterward, enter your User ID and password, then click the Login button to proceed.
If your account is 2FA-secured, you will have to retrieve the 6-digit code from your authenticator app. After entering the token, hit Continue.
Now that you are already logged in, you can now start your deposit. But before doing so, you have to select your currency as directed by the arrow on the left. In this example, we will choose EUR/ETH since we are going to fund with EUR and buy ETH. After this, click on the Deposit tab to go to the next page.
Just like the majority of the exchanges, putting money into your Bitstamp account using Bitcoin is also very easy and straightforward. However, you have to make sure to verify your account to make this option available.
On the deposit page, choose the cryptocurrency that you wish to fund. We will use Bitcoin as our example. The address where you need to send the money will show up on the next screen. Bitstamp requires at least three confirmations for the transaction to become successful and they will send you an email confirming the deposit that you’ve just made.
If for some reason you want to fund your account with Fiat money instead of Bitcoin, Bitstamp also has this option and you can do it in different ways. For this step, we will utilize the EU Bank (SEPA) option as an example.
SEPA is a payment integration initiative of the European Union of bank transfers that the euro currency dominates. It stands for Single Euro Payments Area.
From the left panel, click on ‘EU Bank (SEPA)’ to start the process.
Fill in your First and Last Name, Account Balance, and Amount. Then click on Deposit.
On the next page, you will receive the information as to where you’re going to send the money. Bitstamp will be basing this on the details that you provide from the previous form. Make sure to take note of this.
Fill out the SEPA form on the next step with your information (debtor/payer) and Bitstamp’s data (creditor/beneficiary). You can do this via online or directly at the bank.
Note: Your “Message number” is vital as this is one way for Bitstamp to know that it is your account you claimed to be yours. So make sure to enter it as a transfer reference on the Debtor’s data.
SEPA deposits usually take 1-3 business days before they appear on your Bitstamp account (excluding weekends and bank holidays). They will send you a confirmation via email once the transaction becomes successful.
To view your deposit, all you need to do is access your Account page, click Transactions and select ‘Deposit’ as the Type.
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