Withdrawing funds from your BitInka account is very easy and straightforward. However, just like any other exchanges verification is necessary before you can make a withdrawal. Also, if you wish to withdraw from your local currency, you must first register your bank account.
To help you with the withdrawal process, we have prepared below easy-to-follow steps.
Click this to access the platform.
Log-in with your registered BitInka account.
After logging in, you’ll be routed right away to the Wallet section of the exchange.
To withdraw Ripple (XRP), click on the ‘Cryptocoins’ tab.
Select the coin to which you want to withdraw your funds from and hit the ‘Withdraw’ button. Enter the amount to be transferred and to which wallet address on the next page. This operation is final so be sure to use the correct crypto-wallet address. Confirmation of this transaction may take up to 24 business hours.
For Fiat money withdrawal, click on the ‘Currency’ tab.
Select the currency or fiat to which you want to make a withdrawal and then click the ‘Withdraw’ button of that currency. On the following page, provide the required information such as the amount to be withdrawn. Confirmation of this transaction will arrive within 24 to 72 hours.
To view your transaction, go to the ‘Withdrawal’ section and choose the Ripple (XRP) or Fiat money that you have withdrawn.
Bitstamp offers its users two ways to fund their account. You can do this through Fiat money or with your favorite cryptocurrency after passing the verification stage. The process is also pretty much the same with other exchanges.
The steps below will help you make your first deposit successful.
Let’s start by accessing the log-in page. Afterward, enter your User ID and password, then click the Login button to proceed.
If your account is 2FA-secured, you will have to retrieve the 6-digit code from your authenticator app. After entering the token, hit Continue.
Now that you are already logged in, you can now start your deposit. But before doing so, you have to select your currency as directed by the arrow on the left. In this example, we will choose EUR/ETH since we are going to fund with EUR and buy ETH. After this, click on the Deposit tab to go to the next page.
Just like the majority of the exchanges, putting money into your Bitstamp account using Ripple (XRP) is also very easy and straightforward. However, you have to make sure to verify your account to make this option available.
On the deposit page, choose the cryptocurrency that you wish to fund. We will use Bitcoin as our example. The address where you need to send the money will show up on the next screen. Bitstamp requires at least three confirmations for the transaction to become successful and they will send you an email confirming the deposit that you’ve just made.
If for some reason you want to fund your account with Fiat money instead of Ripple (XRP), Bitstamp also has this option and you can do it in different ways. For this step, we will utilize the EU Bank (SEPA) option as an example.
SEPA is a payment integration initiative of the European Union of bank transfers that the euro currency dominates. It stands for Single Euro Payments Area.
From the left panel, click on ‘EU Bank (SEPA)’ to start the process.
Fill in your First and Last Name, Account Balance, and Amount. Then click on Deposit.
On the next page, you will receive the information as to where you’re going to send the money. Bitstamp will be basing this on the details that you provide from the previous form. Make sure to take note of this.
Fill out the SEPA form on the next step with your information (debtor/payer) and Bitstamp’s data (creditor/beneficiary). You can do this via online or directly at the bank.
Note: Your “Message number” is vital as this is one way for Bitstamp to know that it is your account you claimed to be yours. So make sure to enter it as a transfer reference on the Debtor’s data.
SEPA deposits usually take 1-3 business days before they appear on your Bitstamp account (excluding weekends and bank holidays). They will send you a confirmation via email once the transaction becomes successful.
To view your deposit, all you need to do is access your Account page, click Transactions and select ‘Deposit’ as the Type.
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