Ultimate guide on how to transfer
Bitcoin from Simex to Upbit

Step by step guide on how to withdraw Bitcoin from your account on Simex

Simex is a user-friendly exchange platform that allows both Fiat and crypto-to-crypto transactions.

Here are the steps on how to process Bitcoin withdrawal from Simex:

  1. Withdrawing Fiat money from Simex
  2. Withdrawing Bitcoin from Simex

Go to https://simex.global/en and log into your account

how to log into Simex

Select “Withdraw” from the Finance tab.

how to withdraw on Simex

1. How to withdraw Fiat money from your account on Simex

To withdraw funds, update your bank details first in your “Withdraw Accounts” page.

From the “Withdraw” page, select the financial account you wish to withdraw funds from. Enter the amount you want to withdraw, and select the method you wish to use. Once done, click the “Next” button.

For RUB, Visa & MasterCard debit cards, Yandex, Money, Webmoney RUR are allowed and for USD, Wire Transfer is offered.

Withdrawal requests are processed within 24 hours. Funds transfer to your bank debit card may take up to 5 business days.

Good job! You have just withdrawn Fiat money from your account.

 

2. How to withdraw Bitcoin from your account on Simex

Open the “Withdraw” page in your Finances tab, and choose the financial account you wish to withdraw funds from.

Enter the desired sum you want to withdraw. Select the method you prefer to use to complete the withdrawal and press the “Next” button.

Digital wallets are processed online in real time, unlike Fiat money which takes up to five business days.

Congratulations! You have successfully withdrawn Bitcoin from your account.

Step by step overview on how to deposit Bitcoin on Upbit

As one of the largest exchanges in South Korea, the platform offers a very friendly user interface for those who intend to fund their account may it be in the form of digital currencies or Fiat money.

In this guide, you’re about to receive instructions on how to place your funds on the Upbit exchange.

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

To get to the deposit page, you must first log in to your account. The sign-in link is here.

Click the ‘Login to cacao account’ button.

how to login on Upbit

Log-in to the Kakao account that you’ve created which was a prerequisite in the Upbit registration. After entering your email address and password, hit on the Log In button.

how to login on Upbit

1. Deposit Bitcoin on your Upbit account

Depositing in Upbit is free of charge. However, one has to pass their authentication process first before doing this step.

After getting a verified account, go to the ‘Disbursement’ tab which you find on the top navigation bar.

how to deposit Bitcoin on Upbit

Click ‘Deposit and withdrawal’ beside the currency of your choice. The incoming address is where you can deposit your funds. Make sure to send the assets to the correct information to get rid of loss and delays. It usually takes 10-30 minutes for the processing depending on the cryptocurrency you choose.

how to deposit Bitcoin on Upbit

Cool! You have successfully deposited Bitcoin in your Upbit account.

 

2. Deposit Fiat money on your Upbit account

For Fiat deposit transactions, access the ‘Disbursement’ page just like what you do when you process a Bitcoin deposit. There are no fees as well in making this type of funding.

how to deposit fiat on Upbit

Select the asset that you’d like to fund and go to KRW charge. You should be able to view additional instructions on how to proceed once your account gets authenticated. Always see to it that all information you input is accurate to achieve a smooth and issue-free transaction.

how to deposit fiat on Upbit

If you wish to check your deposit, you can easily access the ‘Investment History’ page and going to the ‘Deposit/withdrawal waiting’ section.

how to check deposit on Upbit

You can also check it via ‘Deposit history’ of the ‘Disbursement’ page.

how to check deposit on Upbit

Congratulations! You have effortlessly funded your Upbit account with Fiat money.

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