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

Processing withdrawals from your funded OKCoin account are easy. You can withdraw Multi-collateral DAI (DAI) or Fiat money, depending on what you have deposited.

Let’s go through the step by step process to help you withdraw funds on your OKCoin account:

1. Withdraw Multi-collateral DAI (DAI) on OKCoin
2. Withdraw 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 withdraw, click on “Token Withdraw” from your selected Multi-collateral DAI (DAI) or currency.

1. Withdraw Multi-collateral DAI (DAI) from your OKCoin account

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

Paste the deposit address or select your wallet address by clicking on “OK address.” 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. Next, type in your Google Authentication code, SMS Verification code, and Fund password. Click on “Confirm withdrawal” to proceed.

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

Nice! You have successfully withdrawn Multi-collateral DAI (DAI) from your OKCoin account.

2. Withdraw Fiat money from your OKCoin account

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

Select the beneficiary account and type in the amount you opt to withdraw. After submitting the request, OKCoin will verify the details and process the transfer.

Epay service fee and wire transfer fee will be deducted automatically from your withdrawal amount. If your withdrawal is rejected by the beneficiary bank, OKCoin will return the withdrawal amount as well as the service fee. However, Epay service fee and wire transfer fee cannot be refunded. Therefore, it’s a must to enter the correct bank information before making a withdrawal.

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

Perfect! You have successfully withdrawn Fiat money from your OKCoin account.

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

Putting funds into your BitInka account can be done by either depositing through Multi-collateral DAI (DAI) or Fiat money. However, for Fiat deposits, BitInka requires that you verify your identity first. Otherwise, if it’s a Multi-collateral DAI (DAI) deposit, account verification is not necessary.

Here, you will find steps that you can follow in funding your BitInka account.

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

Click this to access the platform.

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

After logging in, you’ll be routed directly to the Wallet section.

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

To initiate a Multi-collateral DAI (DAI) deposit,  click on the ‘Cryptocoins’ tab.

Choose the Multi-collateral DAI (DAI) that you wish to deposit from the list and hit on the ‘Deposit’ button that corresponds the Multi-collateral DAI (DAI).

The next screen will show your crypto-wallet public address. Enter the platform to which you’re going to acquire Multi-collateral DAI (DAI) and either scan the QR code or enter the cryptocurrency address. Minimum deposit you can make is 0.0001  BTC.  You will receive three confirmation notices before your Multi-collateral DAI (DAI) deposit arrives which usually takes up to 24 hours.

Great! You have added Multi-collateral DAI (DAI) on your BitInka account. 

2. Deposit Fiat money on your BitInka account

Now let’s talk about Fiat deposit. Remember that you can only initiate this process after your account gets verified. To fund a verified account with Fiat money, go to the ‘Currency’ tab which is still under the Wallet section.

From the list of currencies or fiat money, choose which one you want to fund. Click on the ‘Deposit’ button to proceed. On the following page, you must specify on how you’re going to add credit to your account (transfers are the preferred method here). Enter the amount of your deposit and then click Total. Confirm that the amount is correct and hit Enter. An email with the information of the bank account to which you must make the deposit will arrive in your inbox.

Lastly, you have to verify your deposit to avoid delays. To do this, go to the Wallet section and click Deposit. Select the currency to which you have made the deposit and hit Verify. Provide the information being requested on the next page, attach the voucher and click on Save. Crediting time may take 24 to 72 business hours.

Awesome job! You now have deposited Fiat money on your BitInka account.