After a couple of trading activities on Bitfinex, you may now go ahead and make your first Ripple (XRP) 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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
Coinone is an exchange platform based in Korea that allows Fiat money and crypto-to-crypto transactions.
Below is a guide to help you in depositing Fiat money and Ripple (XRP) to your Coinone account:
Go to Visit https://coinone.co.kr and click “Log in.”
Navigate your way to the Deposit section by clicking on the “D/W” button located at the top bar of the homepage.
From the deposit page, look for the Korean Won currency or simply go to “Quick menu.”
Select “KRW” and click on the “D/W” button beside it. In the Wallets section, select “Deposit” and on the Deposit form, enter the amount you want to deposit and click on the “Deposit” button to proceed with the transaction.
From the withdrawal page, look for the Ripple (XRP) you want to deposit funds to, or simply go to “Quick menu.”
In this example, we are going to use Bitcoin. Locate the BTC button and click on “D/W” beside it.
Next, copy the address provided and paste it on your preferred third-party wallet, enter the amount you wish to deposit and proceed with the whole process.
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.