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.
With Kraken, you can deposit cryptocurrencies like Bitcoin as well as Fiat money, but first, make sure you have completed the account “Verification” process and have activated 2FA.
Here are the steps on how to deposit Bitcoin on your registered and confirmed Kraken account:
Click here to open the exchange site and click on “Log in.”
Click on “Log in” and enter your registered email address and password. You also need to verify Two-factor Authentication, then click on “Log in.”
Once you’re logged in, click on “Funding” to start depositing.
To deposit Bitcoin, click on “Deposit” and select your preferred Bitcoin. Make sure that the Bitcoin deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Bitcoin to the address as transactions sent to the wrong address may not be recoverable.
For an initial deposit, you will have to generate a new deposit address. Click the ‘Generate New Address’ button to do so.
After adding a deposit address, copy and paste the address and the generated ‘destination tag’ or ‘memo’ if required into the wallet from which the funds will be sent.
To deposit Fiat money, select your currency under “Deposit” and select your deposit method from the drop-down menu.
Copy the deposit wire details and supply the needed information required by the system, depending on what method you have selected. Double check your information, then confirm the deposit transaction.
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