Ultimate guide on how to transfer
Ethereum from YoBit to Bitfinex

Step by step overview on how to withdraw Ethereum from YoBit

With YoBit, you can withdraw funds using a variety of cryptocurrencies as well as Fiat money.

Let’s follow these steps to help you withdraw funds on your registered and verified YoBit account:

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

Click here to open the exchange site.

Start by logging in using the email address and password you’ve registered for YoBit.

Click on “Wallets” to view your funds as well as the available Ethereums. To withdraw, select your currency from the list and click on the minus sign under “Withdraw.”

1. Withdraw Ethereum on your YoBit account

For Ethereum withdrawal, refer to the list under “Wallet.” In this example, we are using Bitcoin.

You can highlight it to make sure that you are working on your Ethereum and click on the minus sign.

Enter the withdrawal address. Make sure to enter the correct one as completed Ethereum withdrawal transactions can no longer be reversed, therefore, you could lose your money permanently if the wrong recipient is chosen. Click on “Withdrawal request” to continue.

To view your withdrawal transaction, click on “History”.

Good work! You have successfully processed Ethereum withdrawal from YoBit!

 

2. Withdraw Fiat money on your Gatecoin account

For Fiat money withdrawal, refer to the list under “Wallet.” In this example, we are using USD.

You can highlight it to make sure that you are working on your preferred currency and click on the minus sign.

The “Withdrawal” window pops up with the payment methods. Make your selection, and enter the withdrawal address. It is very important to paste the correct address as completed transactions can no longer be reverted, hence, you could lose your money if an incorrect recipient is added. Click on the “Withdrawal request” box to continue.

To view your withdrawal transaction, click on “History.”

Excellent! You have successfully processed Fiat money withdrawal from your YoBit account.

Step by step overview on how to deposit Ethereum on Bitfinex

At Bitfinex, any registered user can make a deposit either through cryptocurrencies like Ethereum or Fiat money. However, it is mandatory to have a verified account if you intend to process a Fiat money deposit. Just like other exchanges, the funding process for this platform is very understandable.

This guide will help any individual make his/her first deposit on Bitfinex a success.

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

Click this link to access the exchange site.

Log-in using your registered account. Make sure to copy the Captcha text.

Get the 6-digit code from the authenticator app if you have enabled 2FA on your Bitfinex account. Click the ‘Authenticate’ box after entering the 2FA code.

After logging in click the Deposit tab on the top of the page.

1. Deposit Ethereum on your Bitfinex account

Depositing Ethereum does not require a verified account. So while waiting for the verification request approval, you can process cryptocurrency deposit first.

From the Deposit section, locate the Cryptocurrencies panel and choose which currency you want to fund.

Read the guidelines on the screen especially regarding the fees before proceeding.

After grasping all information check all the boxes and hit the ‘ I understand. Continue.’ button.

Bitfinex offers three types of wallet addresses. The most commonly used is the Exchange Wallet which users can use for buying & selling supported tokens. The other two are Margin Wallet (trading on margin) and Funding Wallet (provides finance for other margin traders).

Select which wallet address you want to fund and click on ‘Click to generate address’ button. Additionally, tick on the icon just beside ‘Click to generate address’ to copy the address to the clipboard. This action will make sure that you’re copying the correct one.

To complete this step, you have to enter the Bitfinex address to the external wallet from which you intend to access and send the funds. There is a minimum of 20 confirmations (approximately 5+ minutes) before the funds get credited to your Bitfinex account.

Perfect! You have deposited Ethereum on your Bitfinex account. 

 

2. Deposit Fiat money on your Bitfinex account

If your account verification request already gets approval, you may also deposit Fiat money to it. From the deposit section, locate ‘Bank Wire’ and choose the currency you wish to fund from the list.

Follow the instructions on the page such as providing the bank details from which the funds will be coming from and other necessary information needed to complete the process. Always see to it that everything you enter is accurate and updated to avoid errors and delays. You will get a notification once the funds get credited to your Bitfinex account.

You can check your deposit transaction on the Deposit section under Recent Deposits.

Great job! You have effortlessly funded Ethereum on your Bitfinex account.

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