Ultimate guide on how to transfer
Bitcoin from SouthXchange to Kraken

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.

How to login on SouthXchange

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

How to deposit Bitcoin on SouthXchange

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.

How to deposit Bitcoin on SouthXchange

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.

How to withdraw Bitcoin on SouthXchange

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

How to check Transactions on SouthXchangePerfect! 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 Kraken

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:

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

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.

1. Deposit Bitcoin on your Kraken account

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.

Awesome! You have deposited Bitcoin on your Kraken account.

 

2. Deposit Fiat money on your Kraken account

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.

Fantastic! You have deposited Fiat money on your Kraken account. 

Which Cryptocurrency do you want to buy, transfer or store?

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.