Ultimate guide on how to transfer
Multi-collateral DAI (DAI) from Bittrex to OKCoin

Step by step overview on how to withdraw Multi-collateral DAI (DAI) from Bittrex

Withdrawing funds from your Bittrex account is very straight-forward. However, prior to making deposit and withdrawal transactions, you have to go through account verification process to ensure your safety. Also, for Fiat money withdrawal, you have to make sure your account is added to the USD markets.

Here, you will find steps that you can follow in withdrawing funds from Bittrex account.

  1. Withdraw Multi-collateral DAI (DAI) on Bittrex
  2. Withdraw Fiat money on Bittrex

Click this to access the platform.

Once the site is up, log-in with your registered account.

Once you’re logged in, click on “Wallet” which routes you to the “Account Balances” page.

1. Withdraw Multi-collateral DAI (DAI) on Bittrex account

To withdraw Multi-collateral DAI (DAI) on Bittrex, select your Multi-collateral DAI (DAI) from the list of available cryptocurrencies. Initially, the page seems empty. You may want to click on “Show zero balance” to view the list or directly type in Multi-collateral DAI (DAI). So, in this example, we will withdraw BTC.

After typing in BTC, the list filters and displays BTC only. There are two icons beside the Multi-collateral DAI (DAI), and for withdrawal, select the red icon. This will bring up the “Withdrawal” screen.

Enter the address and amount you wanted to withdraw.  Make sure the address was created for the Multi-collateral DAI (DAI) you are withdrawing.  You cannot withdraw Multi-collateral DAI (DAI) from another coin’s address, meaning, BTC must be withdrawn to BTC and ETH to ETC, and so on. If you withdraw to another coin’s address, you’d end up losing your funds forever.

Click on “Withdraw” once you’re ready to proceed.

Remember: If you have activated 2FA, you will need to enter the six-digit code and confirm it.  Otherwise, log into the email account you’ve registered for Bittrex and click the verification link attached on the message they send you.

After the withdrawal, you can check your transactions under “Pending Withdrawals” and “Withdrawal History” when you scroll down the page.

Great! You have successfully processed Multi-collateral DAI (DAI) withdrawal from your Bittrex account. 

 

2. Withdraw Fiat money from Bittrex

For Fiat money withdrawal, select your currency from the list. Click on “Show zero balance” to view the entire list or directly type in the currency of your choice. So, in this example, we will withdraw USD.

After typing in USD, the list filters and displays USD only. There are two icons beside the currency, and for withdrawal, select the red icon.

Important reminders:  Bittrex now supports eligible personal and corporate accounts for USD withdrawals. International customers and those operating in the States of California, New York, Montana, and Washington are eligible as long as the identity verification process is completed. It is a requirement to request your account(s) be added to the USD markets. If you already have an existing account, you can process your request in a few minutes and it gets approved in just a few days.

Click here to view the requirements needed.

Accounts without requests submitted and confirmed to be added to the USD markets will appear like this. However, once your account is added, the withdrawal box will ask you to enter the account details and you can submit your transaction by clicking on”Withdraw USD.”

After the withdrawal process, you can check your transactions under “Pending Withdrawals” and “Withdrawal History” when you scroll down the page.

Wonderful! You have successfully processed Fiat money withdrawal from your Bittrex account. 

Step by step overview on how to deposit Multi-collateral DAI (DAI) on OKCoin

With OKCoin, you can deposit cryptocurrencies like Multi-collateral DAI (DAI) as well as Fiat money.

Here are the steps on how to deposit funds on your registered and confirmed OKCoin account:

  1. Deposit Multi-collateral DAI (DAI) on OKCoin
  2. Deposit Fiat money on OKCoin

Click here to open the exchange site.

You have three options when logging in. As shown on the image below, you can log in using your linked phone number, registered email address, and sub-account.

In this example, we are logging in using the email address and password I’ve filed for OKCoin.

Once logged in, you will see the “My Wallet” page where you can see available tokens. To deposit, click on “Token Deposit” from your selected Multi-collateral DAI (DAI) or currency.

1. Deposit Multi-collateral DAI (DAI) on your OKCoin account

For Multi-collateral DAI (DAI) deposit, select your Multi-collateral DAI (DAI) under “Token Deposit”. We are using Bitcoin in this example.

Copy the current deposit address or select your wallet address by clicking on “Address history.” It is a must to copy the correct address before submitting the transaction. Otherwise, you may lose control of your Multi-collateral DAI (DAI) as it can no longer be reverted.

You can check your balance by clicking on the “Balance” menu available on the right side of the page.

Excellent! You have deposited Multi-collateral DAI (DAI) on your OKCoin account.

 

2. Deposit Fiat money on your OKCoin account

For Fiat money deposit, select your currency under “Token Deposit”. We are using USD in this example.

Choose your bank of deposit and enter your desired amount (as per latest update, the minimum is USD100; maximum depends on your KYC level). Read OKCoin’s terms of service and check the box, then click on “Submit.” After submission, you will be redirected to the deposit confirmation page which shows the details of the beneficiary bank.

Make sure to complete the deposit within 72 hours, or the request will be canceled. It is a must to enter all the required information of the beneficiary bank as instructed in order not to lose your money.

Note: KYC level 2 is required for USD deposit as shown on the image below.

Fantastic! You have deposited Fiat money on your OKCoin account.

Which Cryptocurrency do you want to buy, transfer or store?

Trading and investing in digital assets is highly speculative and comes with many risks. The analysis/stats on CoinCheckup.com and it’s subsites are for informational purposes and should not be considered investment advice and or the truth. Statements and financial information on CoinCheckup.com and it’s subsites should not be construed as an endorsement or recommendation to buy, sell or hold.

Please do your own research on all of your investments carefully. Scores are based on averages of third party websites.  Past performance is no indicative of future results. Read the full disclaimer here.