To withdraw funds from Bitstamp, one must verify his/her account first. After such, you will be able to transact via Ethereum or Fiat money. The transaction time at Bitstamp does not take too long, and the process is also user-friendly.
Here, you will find steps that will guide you on how to make a withdrawal on Bitstamp.
Access the log-in page of Bitstamp first. Provide your registered information (User ID & Password), then hit Login.
For two-factor authentication, a token or 6-digit code is necessary to complete your log-in. Retrieve this from your authenticator app and click Continue.
Go to the ‘Withdrawal’ page as directed by the arrow on the image below.
From the selection on the left panel, select the cryptocurrency that you’d like to withdraw. On the next screen, provide the withdrawal or receiving address as well as the amount. Click the ‘Withdraw’ button to proceed. Ethereum withdrawals are free of charge but at the same time irreversible, so be sure to provide the correct information.
For Fiat money withdrawal, we will explain the steps through the EU Bank (SEPA) method as an example. To start, select this option from the left panel.
The SEPA form pops up which is an instrument for transferring funds to any bank account within the EU which supports the SEPA standard. Accurately provide all required information and hit Withdraw.
Go back to the Withdraw section to check the status of your withdrawal. Here, you will see that it says ‘Email’ confirmation needed.
Access your email inbox and click on the link that is in the email that you receive from Bitstamp.
The status will now change to ‘Waiting’ to be processed.
Another email will arrive in your inbox confirming your withdrawal.
As a result, the status will now show as ‘Finished’ on the Withdraw page. It usually takes 1-3 business days before you receive the money.
If you wish to check the withdrawal that you’ve just made, you can always go to your Account> Transactions> Withdrawal as the type.
With Coinbase, you can deposit cryptocurrencies like Ethereum as well as Fiat money.
Here are the steps on how to deposit Ethereum on your registered and confirmed Coinbase account:
Click here to open the exchange site and click on “Log in.”
Select on “Sign In” then enter your registered username and password. Click on the “Sign In” button to continue logging in.
To deposit funds on your Coinbase account, select on “Accounts” once you’re completely logged in.
To deposit Ethereum on Coinbase, locate your Ethereum and click on the “Deposit” button. You will then asked to enter your wallet address or scan the QR code to generate a new one. Make sure you are using the right address in making deposit transaction to avoid losing funds. Type in your amount and confirm your deposit.
To deposit Fiat money on your Coinbase account, locate your currency and click on “Deposit.” Select your funding source and the amount that you wish to deposit. Click on “Continue” and fill out the needed information required by the system, depending on the method you’ve selected. Make sure you supply accurate information to avoid losing funds. Then, confirm your deposit.
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