After a couple of trading activities on Bitfinex, you may now go ahead and make your first Tezos (XTZ) 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If you choose ‘Standard Withdrawal’ the fee structure is 0.1% of the withdrawn amount with a minimum of $20.00 (processed within seven days).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.
CEX.io offers a convenient way of depositing Tezos (XTZ) or Fiat money on your verified and confirmed account. Prior to making deposit transactions, Google Authentication must be activated.
These steps are very helpful in making your first Tezos (XTZ) deposit on CEX.io.
Access the CEX.io website by clicking this link. Log in using your registered email address and password or via your social media account.
After logging in, you’d automatically see the “Deposit” button in green.
To deposit Tezos (XTZ) on your CEX.io account, select your Tezos (XTZ) and enter your desired amount at the right side of the screen, then click on “Continue.”
You will be given an address. This is what you need to use in processing your Tezos (XTZ) deposit or you can also scan the QR code to generate a new one. See to it that you are copying the correct address when depositing to avoid losing funds.
Tezos (XTZ) deposit transactions are available at the bottom of the page under “Recent BTC transactions.”
The ability to deposit Fiat money on your CEX.io account is possible and you have three options to select from. First, you need to select your currency and enter your desired amount on the right side of the screen. Second, select your deposit payment method and fill out the form asked by the system.
If you choose to fund your account from the card, you need to input the card data. Note that you can fund your account only from your personal card, not 3rd parties cards.
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