The process and security being implemented by Coinfloor for their deposits are also the same with how one make withdrawals from their platform. Additionally, the steps are also very much easy to follow just like other exchanges.
As such, we have prepared this guide for you to follow so your first withdrawal will become a success.
As what we usually do, you will have to log in to your account first by putting in your registered email address and password. You can also tick the small box if you’re a trader and wishes to disable the additional 2FA. When you’re ready, click the ‘Sign In’ button.
Input the 2FA code from your Authy device and hit the ‘Submit Authy Code’ button. You have enabled this during account registration.
Hit on the ‘My Account’ tab which you can see on the top navigation bar.
Click ‘Withdraw’ to start your withdrawal.
To withdraw Ripple (XRP) from Coinfloor, you must register your cryptocurrency wallet address first before placing a request. To initiate this, select Ripple (XRP) from the list by clicking on it.
Carefully read all the instructions and tick the small box confirming that you have understood and accepted everything. Hit on the ‘Register Ripple (XRP) Withdrawal Details’ button once done.
Enter your Ripple (XRP) withdrawal address on the designated field. This particular info is a long string of combined letters and numbers. To continue, hit on Register. Coinfloor processes requests from their multi-signature cold storage vaults once daily and during business hours.
If for any reason you want to withdraw Fiat instead of crypto coins, you can also do it from the ‘Withdraw’ section of the exchange. From the list, choose the asset or currency from which you will be sourcing the funds.
After going through the instructions and reminders, tick the box confirming that you have understood everything, and click on the ‘Register (chosen currency/asset) Withdrawal Details’ button.
On the next page, you will need to enter your bank account details. Be sure to provide accurate info to prevent any issues. Hit on Register to continue.
Coinfloor processes these requests once a day and during business hours. USD & GBP withdrawals are usually received in 1-5 working days, whereas EUR withdrawals arrive in 1-2 business days.
Note: For additional information about withdrawals, you can also check Coinfloor’s support section.
Here, you can view the withdrawal that you’ve just made. You can locate this by accessing your ‘My Account’ page.
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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