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.
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. Litecoin 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.
After verifying your account, you’ll then be able to deposit funds into Independent Reserve exchange through cryptocurrencies like Litecoin or Fiat money. Deposit methods include Electronic Funds Transfer and SWIFT transfer.
These are the easy-to-follow steps to help you make your first Litecoin deposit on Independent Reserve.
Click this link to access the exchange site.
After logging in, click on “accounts” for you to see your Account Balance and the available currencies. To deposit, you need to view the list and click on “deposit” in-line with your currency selection.
There’s a variety of cryptocurrencies that you can select from Independent Reserve, like Litecoin. To deposit Litecoin on your account, make your selection from the list under “accounts” and click on “deposit.”
You will then be routed to another page where you’d get to copy the wallet address. Make sure to use the same address in making Litecoin deposit transactions to avoid losing your funds.
If you wish to view your pending and or previous deposit transactions, you may go to “Transaction History” at any time.
You also have the option to deposit Fiat money on your Independent Reserve account and the steps are pretty much similar to adding Litecoin deposit. Go to “accounts” and select your currency by viewing the list. Once you’ve made your selection, all you have to do is click on “deposit.”
You will then be routed to another page where you can select your method of deposit transaction and supply the required information asked by the system.
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