Withdrawing funds from your Bittrex account is very straight-forward. However, prior to making deposit and withdrawal transactions, you have to go through account verification process to ensure your safety. Also, for Fiat money withdrawal, you have to make sure your account is added to the USD markets.
Here, you will find steps that you can follow in withdrawing funds from Bittrex account.
Click this to access the platform.
Once the site is up, log-in with your registered account.
Once you’re logged in, click on “Wallet” which routes you to the “Account Balances” page.
To withdraw Compound Coin (COMP) on Bittrex, select your Compound Coin (COMP) from the list of available cryptocurrencies. Initially, the page seems empty. You may want to click on “Show zero balance” to view the list or directly type in Compound Coin (COMP). So, in this example, we will withdraw BTC.
After typing in BTC, the list filters and displays BTC only. There are two icons beside the Compound Coin (COMP), and for withdrawal, select the red icon. This will bring up the “Withdrawal” screen.
Enter the address and amount you wanted to withdraw. Make sure the address was created for the Compound Coin (COMP) you are withdrawing. You cannot withdraw Compound Coin (COMP) from another coin’s address, meaning, BTC must be withdrawn to BTC and ETH to ETC, and so on. If you withdraw to another coin’s address, you’d end up losing your funds forever.
Click on “Withdraw” once you’re ready to proceed.
Remember: If you have activated 2FA, you will need to enter the six-digit code and confirm it. Otherwise, log into the email account you’ve registered for Bittrex and click the verification link attached on the message they send you.
After the withdrawal, you can check your transactions under “Pending Withdrawals” and “Withdrawal History” when you scroll down the page.
For Fiat money withdrawal, select your currency from the list. Click on “Show zero balance” to view the entire list or directly type in the currency of your choice. So, in this example, we will withdraw USD.
After typing in USD, the list filters and displays USD only. There are two icons beside the currency, and for withdrawal, select the red icon.
Important reminders: Bittrex now supports eligible personal and corporate accounts for USD withdrawals. International customers and those operating in the States of California, New York, Montana, and Washington are eligible as long as the identity verification process is completed. It is a requirement to request your account(s) be added to the USD markets. If you already have an existing account, you can process your request in a few minutes and it gets approved in just a few days.
Click here to view the requirements needed.
Accounts without requests submitted and confirmed to be added to the USD markets will appear like this. However, once your account is added, the withdrawal box will ask you to enter the account details and you can submit your transaction by clicking on”Withdraw USD.”
After the withdrawal process, you can check your transactions under “Pending Withdrawals” and “Withdrawal History” when you scroll down the page.
With Kraken, you can deposit cryptocurrencies like Compound Coin (COMP) 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 Compound Coin (COMP) 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 Compound Coin (COMP), click on “Deposit” and select your preferred Compound Coin (COMP). Make sure that the Compound Coin (COMP) deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Compound Coin (COMP) 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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