Processing withdrawals on your funded Livecoin account are easy. You can withdraw Litecoin or Fiat money, depending on what you have deposited.
Let’s go through the step by step process to help you withdraw funds on your Livecoin account:
Click here to open the exchange site.
Log in using the email address and password you’ve filed for Livecoin.
Go to ‘Balance’ to view your balances for Fiat money and Litecoin. This is the page where you can select which of the two you would like to process withdrawals.
Processing Litecoin withdrawal is very straight-forward. In this example, we are using Bitcoin.
After clicking on “Withdrawal,” you will be routed to a new page where you need to enter your amount and Litecoin address. Be careful in choosing your recipient to avoid sending your money to the wrong Litecoin or email address. Completed withdrawal transactions can no longer be reverted, hence, you could lose your money permanently if the wrong recipient is chosen.
After processing Litecoin withdrawal on your account, you will see your transactions when you go to “Transaction History.”
If you prefer to withdraw Fiat money from your account, select your currency below “Fiat Balance.” In this example, we are using USD.
After clicking on “Withdrawal,” a new page opens where you can select from different options as shown on the image below.
In this example, we selected “Capitalist”. Fill out the form accurately by selecting your source of funds. Select the correct source as completed withdrawal transactions can no longer be reverted, hence, you could lose your money permanently if the wrong recipient is chosen.
Moving on to the next boxes, enter your “Beneficiary” (this is the number of a purse which can be copied from My Account) and the “Amount.” When you’re ready to proceed, click on “Send a payment.”
A window will appear with confirmation. Double check your information before confirming.
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.
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.
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.
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.
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