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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
Adding funds on your HitBTC account is easy. You can deposit cryptocurrencies only as Fiat currencies like US dollar, Euros, British Pounds, and more are currently not available.
Here are practical steps on depositing funds to your account:
Go to https://hitbtc.com and log into your account using the email and password you’ve registered, then click “Sign in.”
Next, go to your Account page or select the green “Deposit” button in the top right corner of the main page.
After clicking the “Deposit” button, you have to generate your wallet address. To do this, select the Monero (XMR) that you want to buy or use the “Search” field at the top, and hit the button in “Deposit” column. Copy and paste the address at a third party service to initiate a transaction.
Some cryptocurrencies have additional identifier fields usually called Payment ID, like DestinationTag for XRP and Message for XEM. In this case, don’t forget to copy and paste your Payment ID to a separate field before sending a deposit.
Once your funds reached HitBTC, you will see pending transaction at the bottom of the Account page, in the “Latest transactions” corner. The funds will be reflected on your account shortly.
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