How Do I Transfer Money from My Bitstamp Account?
When you are ready to transfer funds from your Bitstamp account to your bank, you can complete the process online or through the mobile app. ACH withdraws must meet certain criteria. Withdrawals can take 1-2 days to complete and may incur fees or taxes. Funds must be sent to a verified bank account to be withdrawn.
If you are a Bitstamp trader and want to withdraw or transfer funds out of your account, you may be wondering how. What are the steps to complete a transfer? How do you transfer money from your Bitstamp account? You can learn more about the Bitstamp exchange and how it works by contacting user support here and below are ways you can withdraw funds from your account.
ACH Withdrawals
If you want to transfer funds from your Bitstamp account to your bank, you can request an ACH withdrawal. An ACH withdrawal is one cleared through the Automated Clearing House network to process the payment. These transfers can take 1-2 business days to complete.
Requirements for an ACH Withdrawal
If you are going to make an ACH withdrawal, there are certain requirements to meet, including:
- This method is only available to personal accounts, not corporate accounts.
- The maximum amount that can be withdrawn is $50,000 per transaction request.
- This method can only be used by US residents.
- You cannot use wire transfers for FedACH transfers.
Completing the ACH Withdrawal
If your withdrawal or transfer meets the ACH requirements, you can proceed with your transaction. To complete the process, do the following:
- Open Bitstamp in your browser, and log into your account.
- Select "Withdrawal" in the menu.
- Click on "Bank Transfer."
- Select "ACH Withdrawal" as the method of transfer.
- Key in your bank account information and the amount of money you want to withdraw.
- Look over your information and make sure it is accurate. Click "Confirm and Withdraw."
Transferring Funds From the Mobile App
You can transfer funds from your Bitstamp account via the mobile app. To make a withdrawal follow these steps:
- Open the Bitstamp app and log into your account.
- Tap on "Wallet."
- Choose a currency and select "Withdraw" to start the transfer process.
- Select the bank account you are transferring funds to and key in the amount of the transfer.
- Make sure the information is correct. If no changes are needed, tap "Confirm."
- Transfers can take 1-2 days to complete.
As a Bitstamp trader, you can move funds from your account online or via the mobile app with just a few steps. Funds must be sent to a verified bank account, and transfers may include taxes and fees. For more information on transfers, contact Bitstamp customer support here.
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