Ultimate guide on how to transfer
Bitcoin from SouthXchange to itBit

Step by step guide on how to withdraw Bitcoin from SouthXchange

You can withdraw both cryptocurrencies and fiat money on your SouthXchange account.

Here’s a guide to help you withdraw funds from your account:

  1. Withdrawing Bitcoin on SouthXchange
  2. Withdrawing Fiat money on SouthXchange

Click here to open SouthXchange.

Log in using the email and password you registered for SouthXchange.

Once you’re in, select “Wallets” from the top bar. You will be taken to the Bitcoin list.

1. Withdraw Bitcoin from SouthXchange

Locate the Bitcoin you want from the list or type it in on the search box. In this example, we will be using Bitcoin.

Add your selected Bitcoin to the “favorites” tab, which is the blue ribbon at the top, by clicking on the heart symbol beside each Bitcoin’s name.

Click on “Withdrawal” from the panel. Take note of the minimum amount, and then enter the information needed. You can choose from paying the fees yourself or letting the receiver pay it.

It is a must always to check the address to avoid sending your funds to the wrong account for once the transaction has been processed, it cannot be reverted.

Once done, select the “Withdraw” button.

You can check the transactions you made by clicking on the “Transactions” button beside “Withdrawal” or the “Orders” button located at the top bar.

Perfect! You have processed Bitcoin withdrawal from your SouthXchange account.

 

2. Withdraw Fiat money on SouthXchange

SouthXchange has already stopped supporting Fiat-related transactions. However, you can still withdraw Fiat money (USD) through bank wire. This service has a fee of $30 (USA) or $45 (rest of the world).

To request this service, please create a support ticket with the following information:

  • Recipient full name
  • Recipient address, city, zip code, country
  • Bank name
  • Bank account number
  • Bank routing number (USA) or SWIFT/IBAN code (international)
  • Amount to transfer in USD (this has to be available in your SouthXchange account). The limit is $4100 per month.
Great! You have processed Fiat money withdrawal from your SouthXchange account. 

Step by step overview on how to deposit Bitcoin on itBit

With your fully confirmed and verified itBit account, you can take advantage of the different features available on the exchange. One of the major things that you need to do before you start trading is depositing funds. With itBit, you can deposit cryptocurrencies like Bitcoin or Fiat money.

These are the easy-to-follow steps to help you make your first Bitcoin deposit on itBit

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

Click this link to access the exchange site. Log in using the email address and password you’ve registered for itBit. Once you’re logged in, your default screen will direct you to itBit’s funding page.

1. Deposit Bitcoin on your itBit account

To deposit Bitcoin on itBit, choose the wallet account you would like to fund, then click on “Deposit,”.

Next, select your Bitcoin and click the “Deposit” button. A pop-up window with your Bitcoin deposit address will appear. You can either send your Bitcoin to this deposit address or scan the QR Code provided using your wallet service.

The deposit address auto-generates a unique value for each deposit transaction. You must rescan or input the new deposit address for any future deposits to avoid losing funds. 

If you scroll down the funding page, you’d be able to see your deposit transactions.

Easy, right? You have added Bitcoin on your itBit account. 

2. Deposit Fiat money on your itBit account

To deposit Fiat money on your itBit account, the instructions are similar to depositing Bitcoin. Select the appropriate account tab from which you would like to transact. Under “Deposit,” select your currency (SGD is currently unavailable).

Next, click the “Deposit” button. The “Cash Wire Deposit Instructions” will pop-up. Please follow itBit’s instructions including making sure the bank account name from which the transfer originates, matches that of the registered account or your deposit can be rejected. Secure your itBit wallet ID. This is added in your wire transfer instructions. Insufficient/missing account identifying information will lead to delays in Fiat deposits, reversals and administrative fees imposed by the banks and itBit.

If you scroll down the funding page, you’d be able to see your deposit transactions.

You did it! You have added Fiat money on your itBit account.

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