After a couple of trading activities on Bitfinex, you may now go ahead and make your first Litecoin 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.
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.
For 2FA enabled account, enter the 6-digit code from the authenticator app and hit Authenticate.
Go to the ‘Withdraw’ section to start the activity.
From the Withdraw page select which cryptocurrency you would like to get the funds from under the ‘Cryptocurrencies’ panel.
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.
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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
You can check the withdrawal that you’ve just made from the ‘Withdraw’ page under the ‘Recent Withdrawals’ section.
CoinsBank is an all-in-one gateway to blockchain services and is the leading platform for professional cryptocurrency traders. It offers both Fiat money and crypto-to-crypto transactions.
Below is a guide that will help you make a deposit Litecoin to your account on CoinsBank:
Visit https://coinsbank.com/ and click “Login.”
Enter your mobile number and password, and then click “Login.”
Next, from the Dashboard, go to the “Your accounts” section and click “Deposit.”
Select the currency you wish to deposit funds to.
In this example, we are going to use USD. Enter the amount and select the payment method.
Enter your phone number and check the transaction you are about to process. When all is set, click “Deposit.”
Select the cryptocurrency you wish to deposit funds to and enter the amount in the next box. In this example, we are going to use Bitcoin.
Click “Crypto Wallet,” which is the payment method.
Next, copy the crypto address provided, or scan the QR code with your mobile wallet app.
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