Ultimate guide on how to transfer
Litecoin from Independent Reserve to Bitstamp

Step by step overview on how to withdraw Litecoin from Independent Reserve

After completing the account verification process and submitting the required documents to check your identity, you’ll then be able to process different transactions like processing Litecoin withdrawal from Independent Reserve exchange.

These are the easy-to-follow steps to help you withdraw Litecoin from Independent Reserve.

  1. Withdraw Litecoin from Independent Reserve
  2. Withdraw Fiat money from 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 withdraw, you need to view the list first and click on “withdraw” in-line with your currency selection.

1. Withdraw Litecoin from your Independent Reserve account

There’s a variety of cryptocurrencies that you can select from Independent Reserve, like Litecoin. To withdraw Litecoin from your account, make your selection from the list under “accounts” and click on “withdraw.”

You will then be routed to another page where you’d get to enter your amount, destination address, and comments. Just like what the instruction says, make sure to use the correct address in making Litecoin withdrawal to avoid losing your funds.

Click on “Withdraw” to continue.

You can view your withdrawal transactions under “Withdrawals” and by selecting your Litecoin.

You did it! You have withdrawn Litecoin from your Independent Reserve account. 


2. Withdraw Fiat money from your Independent Reserve account

To withdraw Fiat money from your Independent Reserve account, go to “accounts” and select your currency from the list. Once you’ve made your selection, all you have to do is click on “withdraw.”

You will then be routed to another page where you can select your method of withdrawal transaction and supply the required information asked by the system.

You can view your withdrawal transactions under “Withdrawals” and by selecting your currency.

You did it! You have withdrawn Fiat money from your Independent Reserve account. 

Step by step overview on how to deposit Litecoin on Bitstamp

Bitstamp offers its users two ways to fund their account. You can do this through Fiat money or with your favorite cryptocurrency after passing the verification stage. The process is also pretty much the same with other exchanges.

The steps below will help you make your first deposit successful.

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

Let’s start by accessing the log-in page. Afterward, enter your User ID and password, then click the Login button to proceed.

If your account is 2FA-secured, you will have to retrieve the 6-digit code from your authenticator app. After entering the token, hit Continue.

Now that you are already logged in, you can now start your deposit. But before doing so, you have to select your currency as directed by the arrow on the left. In this example, we will choose EUR/ETH since we are going to fund with EUR and buy ETH. After this, click on the Deposit tab to go to the next page.


1. Deposit Litecoin on your Bitstamp account

Just like the majority of the exchanges, putting money into your Bitstamp account using Litecoin is also very easy and straightforward. However, you have to make sure to verify your account to make this option available.

On the deposit page, choose the cryptocurrency that you wish to fund. We will use Bitcoin as our example. The address where you need to send the money will show up on the next screen. Bitstamp requires at least three confirmations for the transaction to become successful and they will send you an email confirming the deposit that you’ve just made.

Cool! You now have some Litecoin on your Bitstamp account.


2. Deposit Fiat money on your Bitstamp account

If for some reason you want to fund your account with Fiat money instead of Litecoin, Bitstamp also has this option and you can do it in different ways. For this step, we will utilize the EU Bank (SEPA) option as an example.

SEPA is a payment integration initiative of the European Union of bank transfers that the euro currency dominates. It stands for Single Euro Payments Area.

From the left panel, click on ‘EU Bank (SEPA)’ to start the process.

Fill in your First and Last Name, Account Balance, and Amount. Then click on Deposit.

On the next page, you will receive the information as to where you’re going to send the money. Bitstamp will be basing this on the details that you provide from the previous form. Make sure to take note of this.

Fill out the SEPA form on the next step with your information (debtor/payer) and Bitstamp’s data (creditor/beneficiary). You can do this via online or directly at the bank.

Note: Your “Message number” is vital as this is one way for Bitstamp to know that it is your account you claimed to be yours. So make sure to enter it as a transfer reference on the Debtor’s data.

SEPA deposits usually take 1-3 business days before they appear on your Bitstamp account (excluding weekends and bank holidays). They will send you a confirmation via email once the transaction becomes successful.

To view your deposit, all you need to do is access your Account page, click Transactions and select ‘Deposit’ as the Type.

Perfect! You have gained some Fiat money for your Bitstamp account.

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