Step by step overview on how to withdraw Litecoin from DSX

Processing Litecoin withdrawal from your DSX account is only possible after passing the Know Your Customer” or “KYC” stage.

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

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

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

After logging in, click on “Account,” then “Withdraw.”

1. Withdraw Litecoin from your DSX account

You can follow the same withdrawal process on all available cryptocurrencies on DSX. Remember that DSX is supporting Bitcoin (BTC), Bitcoin Cash (BCC), Bitcoin Gold (BTG), Litecoin (LTC) and Ethereum (ETH).

To withdraw Litecoin from your DSX account to external wallet, you need to create a withdrawal template and use template each time you want to withdraw your funds to the same wallet address.

Inside the “Withdraw” page, click on “Create Template” and choose your Litecoin. Specify the template name (label) and wallet address to which you want to withdraw funds. Make sure that you are selecting the correct address to avoid losing funds. The template will be available on the “Withdraw” page.

To withdraw cryptocurrency from your DSX account using existing withdrawal template, click on the necessary withdrawal template. You will be redirected to the withdrawal form where you need to enter your withdrawal amount. Click the “Withdraw” button afterward and approve your withdrawal request.

Litecoin withdrawals are processed and sent to the cryptocurrency network in a few minutes. In some instances, it can take up to few hours due to additional security screening. Additional delays with Litecoin withdrawals can be caused by limited liquidity on DSX hot wallets. In that case, the withdrawals processing delay can be up to a few hours, while DSX transfer funds to hot wallet.

Great job! You have successfully processed Litecoin withdrawal from your DSX account. 

2. Withdraw Fiat money from your DSX account

Just like processing Litecoin withdrawal, you need to complete the KYC stage before you can proceed with your transaction.

After clicking on “Withdraw,” you will be given instructions on what to input like your withdrawal amount.

Bank transfer withdrawals are usually processed within 1-2 business days. It can take longer during bank holidays. DSX uses Rietumu Bank to send bank transfers.

Withdrawals in Fiat currencies (USD, EUR, RUB) to the ePayments platform are instant.

There you go! You have processed Fiat money withdrawal on DSX.

Step by step overview on how to deposit Litecoin on WEX

With WEX, you can deposit funds using a variety of cryptocurrencies as well as Fiat money.

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

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

Click here to open the exchange site.

Log in using the email address and password you’ve registered for WEX.

After logging in, select on “Finances” to view your funds.

1. Deposit Litecoin on your WEX account

For Litecoin deposit, select your Litecoin under “Funds” and click on the “Deposit” box.  In this example, we are using Bitcoin.

Scroll down the page to view your wallet address. Copy the deposit address where you need to send your funds or generate a new one. It is a must to pay attention when you’re copying it as Litecoin transaction cannot be reversed, and if you’re not careful, you will end up losing your money.

After depositing, you will see your recent deposit transaction at the bottom of the page, or go to ‘History,’ to check all transactions made.

Great job! You have deposited Litecoin on your WEX account.

2. Deposit Fiat money on your WEX account

For Fiat money deposit, select your currency under “Funds” and click on the “Deposit” box.  In this example, we are using USD.

Select your payment method from the drop-down menu and enter your amount. Click on “Deposit” to continue. A new window opens up where you need to confirm your deposit. It is highly advised to double check your account number before sending your funds. Once you sent it to the wrong account, it cannot be undone, and your money can be lost permanently.

After depositing, you will see your recent deposit transaction at the bottom of the page, or go to ‘History,’ to check all transactions made.

Awesome! You have deposited Fiat money on your WEX account.