Ultimate guide on how to transfer
Litecoin from Bitstamp to Private: DSX

Step by step overview on how to withdraw Litecoin from Bitstamp

To withdraw funds from Bitstamp, one must verify his/her account first. After such, you will be able to transact via Litecoin 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.

  1. Withdraw Litecoin from Bitstamp
  2. Withdraw Fiat money from 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.

1. Withdraw Litecoin from your Bitstamp account

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. Litecoin withdrawals are free of charge but at the same time irreversible, so be sure to provide the correct information.

Awesome! You have successfully withdrawn Litecoin from Bitstamp.

 

2. Withdraw Fiat money from your Bitstamp account

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.

Congratulations! You have effortlessly withdrawn Fiat money from your Bitstamp account.

Step by step overview on how to deposit Litecoin on DSX

You can acquire funds in your DSX account through digital currencies like Litecoin or Fiat money. If you prefer to add funds through Bank transfer, you are required to finish the “Know Your Customer” or “KYC” process. If you have a verified ePayments account, you can link it and deposit directly.

Here you will find steps that can help you make your first Litecoin deposit on DSX.

  1. Deposit Litecoin on DSX
  2. Deposit Fiat money on DSX

First off, access the log-in page of the exchange.

After logging in, select the “Add funds” option. This is where you can see all your DSX cryptocurrency wallets.

1. Deposit Litecoin on your DSX account

If you wish to deposit cryptocurrencies like Litecoin on your DSX account, select your desired Litecoin. After making your selection, you will be given a “deposit address” which you need to copy using the “Copy button” or press the “Info button” and scan the QR code.  You will receive an email notification when the Litecoin deposit is processed and funds are available on your DSX account.

Incoming cryptocurrency transaction will be finally processed by DSX only after the exact count of network confirmations. Confirmations count depends on cryptocurrency.

For your reference, these are the supported cryptocurrencies:

Bitcoin (BTC) – 3 confirmations (apx. 30 minutes, sometimes longer)
Bitcoin Cash (BCC) – 6 confirmations (apx. 1 hour, sometimes longer)
Bitcoin Gold (BTG) – 6 confirmations (apx. 1 hour, sometimes longer)
Litecoin (LTC) – 6 confirmations (apx. 15 – 20 minutes, sometimes longer)
Ethereum (ETH) – 25 confirmations (apx. 5 – 10 minutes, sometimes longer)

Perfect! You have deposited Litecoin on your DSX account. 

 

2. Deposit Fiat money on your DSX account

For you to upload Fiat money to your DSX account through Bank transfer, you need to complete your KYC process as described above OR if you have a verified ePayments* account, you can link it and then deposit instantly.

*ePayments is an international payment provider that makes it easy to send money transfers across borders almost instantly.

From the dashboard, follow the instructions on how to upload funds to a bank account after passing KYC. If you’ve not passed KYC and/or need a faster option and you have an ePayments account, you can quickly link it (after clicking the “Add funds” button)

Awesome! Fiat money has been deposited on your DSX account.

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