Ultimate guide on how to transfer
Bitcoin from Upbit to Private: Gatecoin

Step by step overview on how to withdraw Bitcoin from Upbit

Upbit exchange also allows its users to make withdrawals. The fee differs per session which you can find on their ‘Information Use’ section. Just like deposits, withdrawing your funds from this platform is also easy and quick.

Please see the steps below for the instructions on how to withdraw.

  1. Withdraw Bitcoin from Upbit
  2. Withdraw Fiat money from Upbit

After accessing the Login page, click on the ‘Login to cacao account’ button.

Input the email address and password that you used when you signed up for an account on Upbit/Kakao. To continue, click on the Log-In button.

1. Withdraw Bitcoin from your Upbit account

Just like other exchanges, a user can only withdraw once his/her account gets fully authenticated. After completing the verification stage, you can go to the ‘Disbursement’ tab on the top navigation bar to start your withdrawal.

Select from the list of assets the cryptocurrency from which you want to withdraw the funds. Go to the ‘Withdrawal’ tab and follow the additional instructions just like entering the correct info of the receiver of funds. Achieving accuracy for this transaction will avoid issues and delays.

Awesome! You have successfully withdrawn Bitcoin from Upbit.

2. Withdraw Fiat money from your Upbit account

If you have a verified Upbit account, you can also make a Fiat withdrawal. Do this by going to the ‘Disbursement’ tab.

Point your mouse to the Fiat currency that holds the funds and navigate to the ‘Withdrawal’ tab. As always, be sure to follow the additional instructions. This step includes entering the correct details of the receiving channel which may consist but not limited to bank details and personal info.

To gain access to the status of your transaction, you can go to the ‘Deposit/withdrawal waiting’ section of the ‘Investment History’ page.

Congratulations! You have now withdrawn Fiat money from your Upbit account.

Step by step overview on how to deposit Bitcoin on Gatecoin

With Gatecoin, you can deposit cryptocurrencies like Bitcoin as well as Fiat money.

Here are the steps on how to deposit funds on your registered and confirmed Gatecoin account:

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

Click here to open the exchange site.

Log in using the email address and password you’ve filed for Gatecoin.

Once you’re logged in, you can see different menus on the left side of the page. Click on ‘Deposit’ which is the fifth option from the top.

1. Deposit Bitcoin on your Gatecoin account

For Bitcoin deposit, go to ‘Deposit Funds’ and click on your Bitcoin. In this example, we are using BTC.

Right below the currency options is the deposit address.

You can either copy the current deposit address or generate a new one. Scan the QR code and type in the numbers or copy the address using the external Bitcoin wallet that holds the Bitcoin you want to deposit. Send the transaction to continue.

It is a must to copy the correct address before submitting the transaction. Otherwise, you may lose control of your Bitcoin as it can no longer be reverted.

Bitcoin funds should be available after six confirmations. You will see your recent and previous deposit transactions by clicking on ‘History.’

Excellent! You have deposited Bitcoin on your Gatecoin account.

 

2. Deposit Fiat money on your Gatecoin account

For Fiat money deposit, go to ‘Deposit Funds’ and select HKD/USD/EUR as well as your location. We are using USD in this example.

You will then see Gatecoin’s bank account details and instructions for you to process an e-banking or wire transfer depending on your location. After sending the transfer, upload the receipt of the transaction in your Gatecoin account under “Submit” next to “Instructions.”

Fill out the information correctly as it is shown on the account statement. You are also required to attach a screenshot of the online banking payment confirmation message. Gatecoin’s service provider will not issue the funds if the needed information is not provided.

The bank transfer takes up to two business days. You will see your recent and previous deposit transactions by clicking on ‘History.’

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

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