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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
After securing your EXMO account, you can proceed with depositing funds through Monero (XMR) or Fiat money. Just like other exchanges, the funding process for this platform is very straightforward.
The steps below will guide you in processing your first Monero (XMR) deposit on EXMO.
Click this link to access the exchange site and click “Sign in” to log into your registered and verified EXMO account.
After logging in, click on “Finance” where you’d get to see all available currencies. Beside each currency is a “Deposit” button which you need to click to start funding Monero (XMR) on your EXMO account.
To fund your account with Monero (XMR), select your Monero (XMR) under the “Finance” page and click on the “Deposit” box inline with your Monero (XMR).
You will then be asked to generate a deposit address. To do this, click on “Create address.”
The page will provide the wallet address which you need to copy or you can also scan the barcode to generate a new one. Make sure that you are copying the correct address to avoid losing your funds when processing your deposit transaction.
To view your recent and previous deposits, you can go to “Transaction history” right below the same page.
You have the option to deposit Fiat money on EXMO. Like Monero (XMR) deposit, select your currency under “Finance” page and click on the “Deposit” box inline with your selection.
You will then select your method of Fiat deposit transaction and fill out the form required depending on what method you’ve selected.
To view your recent and previous deposits, you can go to “Transaction history” right below the same page.
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