After a couple of trading activities on Bitfinex, you may now go ahead and make your first Monero (XMR) withdrawal. Whether it’s a Fiat or cryptocurrency withdrawal, the process outlined by Bitfinex is straightforward, and anybody can do it even beginners. Take note though that only verified users can make a Fiat money withdrawal.
To help you achieve your first withdrawal, we have prepared this guide for you to follow.
To start, open the Bitfinex site through this link.
Log-in with the email address and password you used during registration, enter the Captcha text and click Log in.
For 2FA enabled account, enter the 6-digit code from the authenticator app and hit Authenticate.
Go to the ‘Withdraw’ section to start the activity.
From the Withdraw page select which cryptocurrency you would like to get the funds from under the ‘Cryptocurrencies’ panel.
Enter the receiving wallet address, the amount you want to send, the sending wallet and your Note if any. Tick the small boxes to confirm that you wish to add a note for this transaction and that you have understood all the terms and conditions. Click the ‘Request Withdrawal’ button to proceed. Also before sending the request, a ‘Receive Amount’ field will show which tells you the total amount you will receive less the Tx Fee. This action usually takes up to 12 hours to complete.
For you to withdraw Fiat money from your Bitfinex account, go to the ‘Withdraw’ section and select the currency you wish to take the funds from under Bank Wire. On the next page, fill in your wire information such as name, address and bank details.
If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days). Whereas if it’s an ‘Express Withdrawal’ the fee is 1% and with a processing time of 24 hours or 1 business day.
You can check the withdrawal that you’ve just made from the ‘Withdraw’ page under the ‘Recent Withdrawals’ section.
The funding process at Bitlish is straightforward just like any other exchanges. You can opt to fund using your favorite cryptocurrency or with Fiat money. Take note though that a verified account is mandatory to make a Fiat deposit.
Herewith, is a guide we’ve established to help you with your first deposit on Bitlish.
To start, go to Bitlish log-in page by clicking this link.
Log-in with your email address and password. Tick the box for the Captcha and hit Login.
Retrieve the 6-digit code that you receive to your phone number and enter it on the designated field. Click ‘Confirm’ to continue.
From the homepage, click the ‘Finance’ tab to begin the funding process.
Once you’re on the ‘Finance’ page of the platform, scroll down and go to the ‘Balance’ section. Select the Monero (XMR) that you wish to fund and hit the ‘Deposit’ button of that Monero (XMR).
Provide the amount of your deposit and copy your cryptocurrency address or scan the QR code to the external wallet from which the funds will be coming. Bitlish will attempt three confirmations before updating your balance. It may take minutes to days to complete this action depending on blockchains throughput.
Still from the Finance page of the platform, scroll down and look for the Balance section. Click ‘Deposit’ just under the currency or Fiat of your choice.
The next page will show you two options. You can either make a deposit using your VISA/MasterCard card or with bank transfer. Read and follow all the instructions and provide correct details to avoid errors and delays. A failed transaction for bank transfers will get a charge for the payment processing.
Deposits from cards will be credited immediately. Whereas, bank transfer transactions may take up to five business days.
You can view your deposit transaction on the Finance page just below the Balance section. Click the ‘Account operations’ tab and select ‘Deposit’ for the type.
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