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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
After verifying your account, you’ll then be able to deposit funds into Independent Reserve exchange through cryptocurrencies like Ripple (XRP) or Fiat money. Deposit methods include Electronic Funds Transfer and SWIFT transfer.
These are the easy-to-follow steps to help you make your first Ripple (XRP) deposit on Independent Reserve.
Click this link to access the exchange site.
After logging in, click on “accounts” for you to see your Account Balance and the available currencies. To deposit, you need to view the list and click on “deposit” in-line with your currency selection.
There’s a variety of cryptocurrencies that you can select from Independent Reserve, like Ripple (XRP). To deposit Ripple (XRP) on your account, make your selection from the list under “accounts” and click on “deposit.”
You will then be routed to another page where you’d get to copy the wallet address. Make sure to use the same address in making Ripple (XRP) deposit transactions to avoid losing your funds.
If you wish to view your pending and or previous deposit transactions, you may go to “Transaction History” at any time.
You also have the option to deposit Fiat money on your Independent Reserve account and the steps are pretty much similar to adding Ripple (XRP) deposit. Go to “accounts” and select your currency by viewing the list. Once you’ve made your selection, all you have to do is click on “deposit.”
You will then be routed to another page where you can select your method of deposit transaction and supply the required information asked by the system.
If you wish to view your pending and or previous deposit transactions, you may go to “Transaction History” at any time.
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