Making withdrawals from your funded Gemini account is simple. You can withdraw crypto Multi-collateral DAI (DAI) or Fiat money, depending on what you have saved.
Let’s check these steps to help you withdraw funds from your Gemini account:
Click here to open the exchange site and click on “Sign in.”
Type in your registered email address and password, then click on “Submit.”
After logging in, go to “Transfer funds” then select on “Withdraw From Exchange” to start withdrawing funds from your Gemini account.
To withdraw Multi-collateral DAI (DAI) from your Gemini account, select your Multi-collateral DAI (DAI) under “Withdraw From Exchange.” You will then be asked to supply an address and the amount that you wish to withdraw. Enter the correct address and double check before completing to avoid losing funds.
To withdraw Fiat money from your Gemini account, select your currency under “Withdraw From Exchange.” Select your method of withdrawing your funds, enter the amount you wish to deposit and the rest of the required information the system asks, depending on which method you have selected.
With Kraken, you can deposit cryptocurrencies like Multi-collateral DAI (DAI) as well as Fiat money, but first, make sure you have completed the account “Verification” process and have activated 2FA.
Here are the steps on how to deposit Multi-collateral DAI (DAI) on your registered and confirmed Kraken account:
Click here to open the exchange site and click on “Log in.”
Click on “Log in” and enter your registered email address and password. You also need to verify Two-factor Authentication, then click on “Log in.”
Once you’re logged in, click on “Funding” to start depositing.
To deposit Multi-collateral DAI (DAI), click on “Deposit” and select your preferred Multi-collateral DAI (DAI). Make sure that the Multi-collateral DAI (DAI) deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Multi-collateral DAI (DAI) to the address as transactions sent to the wrong address may not be recoverable.
For an initial deposit, you will have to generate a new deposit address. Click the ‘Generate New Address’ button to do so.
After adding a deposit address, copy and paste the address and the generated ‘destination tag’ or ‘memo’ if required into the wallet from which the funds will be sent.
To deposit Fiat money, select your currency under “Deposit” and select your deposit method from the drop-down menu.
Copy the deposit wire details and supply the needed information required by the system, depending on what method you have selected. Double check your information, then confirm the deposit transaction.
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