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

Step by step overview on how to withdraw Litecoin from Coinfloor

The process and security being implemented by Coinfloor for their deposits are also the same with how one make withdrawals from their platform. Additionally, the steps are also very much easy to follow just like other exchanges.

As such, we have prepared this guide for you to follow so your first withdrawal will become a success.

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

As what we usually do, you will have to log in to your account first by putting in your registered email address and password. You can also tick the small box if you’re a trader and wishes to disable the additional 2FA. When you’re ready, click the ‘Sign In’ button.

Input the 2FA code from your Authy device and hit the ‘Submit Authy Code’ button. You have enabled this during account registration.

Hit on the ‘My Account’ tab which you can see on the top navigation bar.

Click ‘Withdraw’ to start your withdrawal.

1. Withdraw Litecoin from your Coinfloor account

To withdraw Litecoin from Coinfloor, you must register your cryptocurrency wallet address first before placing a request. To initiate this, select Litecoin from the list by clicking on it.

Carefully read all the instructions and tick the small box confirming that you have understood and accepted everything. Hit on the ‘Register Litecoin Withdrawal Details’ button once done.

Enter your Litecoin withdrawal address on the designated field. This particular info is a long string of combined letters and numbers. To continue, hit on Register. Coinfloor processes requests from their multi-signature cold storage vaults once daily and during business hours.

Great job! You have successfully withdrawn Litecoin from your Coinfloor account.

2. Withdraw Fiat money from your Coinfloor account

If for any reason you want to withdraw Fiat instead of crypto coins, you can also do it from the ‘Withdraw’ section of the exchange. From the list, choose the asset or currency from which you will be sourcing the funds.

After going through the instructions and reminders, tick the box confirming that you have understood everything, and click on the ‘Register (chosen currency/asset) Withdrawal Details’ button.

On the next page, you will need to enter your bank account details. Be sure to provide accurate info to prevent any issues. Hit on Register to continue.

Coinfloor processes these requests once a day and during business hours. USD & GBP withdrawals are usually received in 1-5 working days, whereas EUR withdrawals arrive in 1-2 business days.

Note: For additional information about withdrawals, you can also check Coinfloor’s support section.

Here, you can view the withdrawal that you’ve just made. You can locate this by accessing your ‘My Account’ page.

Congratulations! You have easily withdrawn Fiat money from your Coinfloor 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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