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What is the process for depositing and withdrawing funds on Upbit?

avatarAleksey NikitinDec 29, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for depositing and withdrawing funds on Upbit? I'm new to the platform and would like to understand how it works.

What is the process for depositing and withdrawing funds on Upbit?

1 answers

  • avatarDec 29, 2021 · 3 years ago
    Certainly! Here's a step-by-step guide to depositing and withdrawing funds on Upbit: 1. Deposit: - Log in to your Upbit account and go to the 'Wallet' section. - Choose the cryptocurrency you want to deposit and click on 'Deposit'. - Copy the deposit address or scan the QR code provided. - Transfer the desired amount from your external wallet or exchange to the Upbit deposit address. - Wait for the transaction to be confirmed on the blockchain. - Once the deposit is confirmed, the funds will be credited to your Upbit account. 2. Withdrawal: - Visit the 'Wallet' section of your Upbit account. - Select the cryptocurrency you wish to withdraw and click on 'Withdraw'. - Enter the withdrawal address and the amount you want to withdraw. - Double-check the withdrawal details and click on 'Confirm'. - Allow some time for Upbit to process your withdrawal request. - Once the withdrawal is processed, the funds will be sent to the specified withdrawal address. Please note that the process may vary depending on the specific cryptocurrency and any additional security measures implemented by Upbit.