After a couple of trading activities on Bitfinex, you may now go ahead and make your first Tether (USDT) 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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
You can deposit both cryptocurrencies and Fiat money on your registered and verified BTC-Alpha account.
Here are the steps on how to do it:
Go to the BTC-Alpha website or simply click here.
Log in to your account using the email address and password you registered.
Once you’re in, click on your username at the top-right corner and select the “Finance” button under it.
For BTC-Alpha, USD is the only Fiat money accepted.
To start, type in USD on the search box. After locating it, click on “Deposit.”
BTC-Alpha provides payment solutions like Advanced Cash, Perfect Money, and NixMoney. Select one of these (sign up beforehand) systems to deposit funds on your private account.
On this example, we are using Advanced Cash.
Check out the transaction fee, minimal deposit, and maximal deposit in box 2. Enter the amount you wish to deposit in box 1 and hit “Checkout” or “Next.”
After depositing successfully, you can check out the transaction in box 3, or by going to the “History” button on the left side of the page.
Let’s deposit Tether (USDT) on your BTC-Alpha account. Here, we are going to try to withdraw Bitcoin from your wallet.
Go to “Finance,” head to the Bitcoin tab from the cryptocurrency list and select “Deposit BTC.”
You can either do this through the QR code or by just copying the address. Always check the first two digits and last two letters of the address to see if you have copied the correct one. Remember that deposit transactions can no longer be reverted and you may lose your money if wrong address is used.
Open your Bitcoin wallet and paste the address you copied from your BTC-Alpha account, put in the amount you like, and then click on “Send.”
You can check your transaction history on the “History” button located on the left side of the Finance page.
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