Ultimate guide on how to transfer
Ethereum from Poloniex to Bitstamp

Step by step overview on how to withdraw Ethereum from Poloniex

Processing withdrawals from your established Poloniex account are straight-forward. Keep in mind that you are required to confirm and fully verify your account to gain full access to different features and process different transactions on the Poloniex website.

Here are the steps that you can follow to process Ethereum withdrawals from Poloniex.

To get started, access the log-in page of the exchange and select on “Sign in.” Type in your registered username and password.

Click on “Balances” and select on “Deposits/Withdrawals.” In this example, let’s use BTC. To start processing withdrawals, select Ethereum from the list of cryptocurrencies and click on “Withdraw.”

Enter the address as well as your preferred amount. Be very careful in supplying the address because once your transaction is done, you can no longer revert it and you’d end up losing your money if wrong address is used.

Click on “Withdraw” to continue.

Perfect! You have successfully processed your Ethereum withdrawal transaction from your Poloniex account. 

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.

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.

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.

 

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.

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.

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

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.

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.

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

Perfect! You have gained some Fiat money for your Bitstamp account.

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