Ultimate guide on how to transfer
Ripple (XRP) from LakeBTC to Bitstamp

Step by step overview on how to withdraw Ripple (XRP) from LakeBTC

Processing withdrawals from your funded LakeBTC account are simple. You can withdraw Ripple (XRP) or Fiat money, depending on what you have saved.

Let’s check the below steps to help you withdraw funds on your registered and confirmed LakeBTC account.

  1. Withdraw Ripple (XRP) from LakeBTC
  2. Withdraw Fiat money from LakeBTC

Click here to open the exchange site.

Log in using the email address and password you’ve registered for LakeBTC.

lakebtc_deposit

Once you’re logged in, you will be redirected to the ‘My Wallet” page. Click on “Withdraw” and select on the preferred sub-account you wanted to transact.

lakebtc_withdraw

1. Withdraw Ripple (XRP) from your LakeBTC account

For Ripple (XRP) withdrawals, select your Ripple (XRP) from the sub-accounts menu.  In this example, we are using BTC.

Fill in the desired Ripple (XRP) amount as well as the target Ripple (XRP) wallet address. You can get this address from your wallet.  Click “Submit” to proceed.

Make sure to enter the correct address as completed withdrawal transactions can no longer be reversed, therefore, you could lose your money permanently if the wrong recipient is chosen. For your protection, you’ll be asked to send a confirmation SMS from the registered mobile number.

lakebtc_withdraw

To view your Ripple (XRP) withdrawal and other transactions, click on “Withdrawal History”.

Good work! You have successfully processed Ripple (XRP) withdrawal from LakeBTC!

 

2. Withdraw Fiat money from your LakeBTC account

To withdraw Fiat money, select your preferred currency from the sub-account menus. In this example, we are using USD.

Choose which method you would want to use to process your withdrawal. Make sure you provide accurate and complete information to your bank, otherwise, the transaction request will be rejected or you could lose your money if you supply incorrect data.

It takes 1 – 5 business days for banks to process international wire transfers.

To view your Fiat money withdrawal and other transactions, click on “Withdrawal History”.

lakebtc_withdraw

Excellent! You have successfully processed Fiat money withdrawal from your LakeBTC account.

Step by step overview on how to deposit Ripple (XRP) on Bitstamp

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.

  1. Deposit Ripple (XRP) on Bitstamp
  2. Deposit Fiat money on Bitstamp

Let’s start by accessing the log-in page. Afterward, enter your User ID and password, then click the Login button to proceed.

how to login on bitstamp

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.

how to login on bitstamp

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.

how to deposit on bitstamp

 

1. Deposit Ripple (XRP) on your Bitstamp account

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.

how to deposit Ripple (XRP) on bitstamp

Cool! You now have some Ripple (XRP) on your Bitstamp account.

 

2. Deposit Fiat money on your Bitstamp account

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.

how to deposit fiat on bitstamp

Fill in your First and Last Name, Account Balance, and Amount. Then click on Deposit.

how to deposit fiat on bitstamp

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.

how to deposit fiat on bitstamp

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.

how to deposit fiat on bitstamp

To view your deposit, all you need to do is access your Account page, click Transactions and select ‘Deposit’ as the Type.

how to view deposit on bitstampPerfect! You have gained some Fiat money for your Bitstamp account.

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