Ultimate guide on how to transfer
Ethereum from Bitfinex to Bitstamp

Step by step overview on how to withdraw Ethereum from Bitfinex

After a couple of trading activities on Bitfinex, you may now go ahead and make your first Ethereum withdrawal. Whether it’s a Fiat or cryptocurrency withdrawal, the process outlined by Bitfinex is straightforward, and anybody can do it even beginners. Take note though that only verified users can make a Fiat money withdrawal.

To help you achieve your first withdrawal, we have prepared this guide for you to follow.

  1. Withdraw Ethereum from Bitfinex
  2. Withdraw Fiat money from Bitfinex

To start, open the Bitfinex site through this link.

Log-in with the email address and password you used during registration, enter the Captcha text and click Log in.

how to login on Bitfinex

For 2FA enabled account, enter the 6-digit code from the authenticator app and hit Authenticate.

how to login on Bitfinex

Go to the ‘Withdraw’ section to start the activity.

how to withdraw funds from Bitfinex

1. Withdraw Ethereum from your Bitfinex account

From the Withdraw page select which cryptocurrency you would like to get the funds from under the ‘Cryptocurrencies’ panel.

how to withdraw Ethereum from Bitfinex

Enter the receiving wallet address, the amount you want to send, the sending wallet and your Note if any. Tick the small boxes to confirm that you wish to add a note for this transaction and that you have understood all the terms and conditions. Click the ‘Request Withdrawal’ button to proceed. Also before sending the request, a ‘Receive Amount’ field will show which tells you the total amount you will receive less the Tx Fee. This action usually takes up to 12 hours to complete.

how to withdraw Ethereum from Bitfinex

Great work! You have successfully withdrawn Ethereum from Bitfinex.

 

2. Withdraw Fiat money from your Bitfinex account

For you to withdraw Fiat money from your Bitfinex account, go to the ‘Withdraw’ section and select the currency you wish to take the funds from under Bank Wire. On the next page, fill in your wire information such as name, address and bank details.

If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days). Whereas if it’s an ‘Express Withdrawal’ the fee is 1% and with a processing time of 24 hours or 1 business day.

how to withdraw fiat money from Bitfinex

You can check the withdrawal that you’ve just made from the ‘Withdraw’ page under the ‘Recent Withdrawals’ section.

how to view withdrawal on BitfinexCongratulations! You have made your first Ethereum withdrawal from Bitfinex.

Step by step overview on how to deposit Ethereum on Bitstamp

Bitstamp offers its users two ways to fund their account. You can do this through Fiat money or with your favorite cryptocurrency after passing the verification stage. The process is also pretty much the same with other exchanges.

The steps below will help you make your first deposit successful.

  1. Deposit Ethereum on Bitstamp
  2. Deposit Fiat money on Bitstamp

Let’s start by accessing the log-in page. Afterward, enter your User ID and password, then click the Login button to proceed.

how to login on bitstamp

If your account is 2FA-secured, you will have to retrieve the 6-digit code from your authenticator app. After entering the token, hit Continue.

how to login on bitstamp

Now that you are already logged in, you can now start your deposit. But before doing so, you have to select your currency as directed by the arrow on the left. In this example, we will choose EUR/ETH since we are going to fund with EUR and buy ETH. After this, click on the Deposit tab to go to the next page.

how to deposit on bitstamp

 

1. Deposit Ethereum on your Bitstamp account

Just like the majority of the exchanges, putting money into your Bitstamp account using Ethereum is also very easy and straightforward. However, you have to make sure to verify your account to make this option available.

On the deposit page, choose the cryptocurrency that you wish to fund. We will use Bitcoin as our example. The address where you need to send the money will show up on the next screen. Bitstamp requires at least three confirmations for the transaction to become successful and they will send you an email confirming the deposit that you’ve just made.

how to deposit Ethereum on bitstamp

Cool! You now have some Ethereum on your Bitstamp account.

 

2. Deposit Fiat money on your Bitstamp account

If for some reason you want to fund your account with Fiat money instead of Ethereum, Bitstamp also has this option and you can do it in different ways. For this step, we will utilize the EU Bank (SEPA) option as an example.

SEPA is a payment integration initiative of the European Union of bank transfers that the euro currency dominates. It stands for Single Euro Payments Area.

From the left panel, click on ‘EU Bank (SEPA)’ to start the process.

how to deposit fiat on bitstamp

Fill in your First and Last Name, Account Balance, and Amount. Then click on Deposit.

how to deposit fiat on bitstamp

On the next page, you will receive the information as to where you’re going to send the money. Bitstamp will be basing this on the details that you provide from the previous form. Make sure to take note of this.

Fill out the SEPA form on the next step with your information (debtor/payer) and Bitstamp’s data (creditor/beneficiary). You can do this via online or directly at the bank.

Note: Your “Message number” is vital as this is one way for Bitstamp to know that it is your account you claimed to be yours. So make sure to enter it as a transfer reference on the Debtor’s data.

how to deposit fiat on bitstamp

SEPA deposits usually take 1-3 business days before they appear on your Bitstamp account (excluding weekends and bank holidays). They will send you a confirmation via email once the transaction becomes successful.

how to deposit fiat on bitstamp

To view your deposit, all you need to do is access your Account page, click Transactions and select ‘Deposit’ as the Type.

how to view deposit on bitstampPerfect! You have gained some Fiat money for your Bitstamp account.

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