A Bank Wire Withdrawal is the process of transferring funds from your Bitfinex account to a bank account registered in your name.
Important: Bitfinex supports fiat currency withdrawal of US Dollar (USD), Euro (EUR), Pound sterling (GBP), and Japanese Yen (JPY).
How to make a fiat withdrawal?
When will the funds arrive in my bank account?
Why are there delays in fiat withdrawals?
How to make a fiat withdrawal from my Bitfinex account
1. To begin, make sure that your account is at the Full verified level. You will find your account information on your Verification page. If you have not completed the appropriate level of verification yet, you can begin or update your verification here.
2. Now, go to the Wallet page and select Withdrawals from the left side of the menu bar.
3. Then select Bank transfer.
Note: The minimum withdrawal amount in fiat currency is 10,000 USD/EUR/GBP, and 1,000,000 JPY.
Please note that fiat deposits/withdrawals are also available through our third-party service provider. For full details on limits, fees, and verification requirements, please see Wire deposit and withdrawal with OpenPayd.
Important: If you do not have the funds available on your account, then the option to withdraw will not be available for selection.
4. Then, fill in the basic details of the withdrawal you wish to make, including the Currency, the Wallet from which you are withdrawing fiat from and the Amount of the withdrawal.
Note: To expedite our processing, you can tick Express wire at the bottom for a Bitfinex bank wire withdrawal that is sent out within one business day. There is a 1% (min 125 USD/EUR) processing fee for this expedited wire. More information on fees can be found on the Fees page.
Important: Your bank account should match the one provided during the verification procedure. If it is a new bank account, please upload the recent bank statement to the Verification page > Bank Accounts in advance.
Additionally, you will be given the option of adding an intermediary bank during this phase. If your bank requires the wire to be received through an intermediary bank, please include the intermediary bank's information.
Important:
Incomplete information may result in delays or additional bank charges imposed by the processing bank.
If mistakes are made in the bank details provided by the customer, and if this results in the wire being returned, Bitfinex will reserve the right to charge a handling fee of $25 on top of the additional fees charged by the bank to resolve such errors. Bitfinex shall not be responsible in case of delays or errors caused by the customer. It is the responsibility of the customer to properly check all details in advance.
Please check beforehand whether your account can receive the transferred currency. If wires are returned because the account does not support the payment in your withdrawal currency, all additional charges are to be paid by the client.
Bank Wire Withdrawal — Frequently Asked Questions (FAQ)
— When will the funds arrive in my bank account?
Fiat withdrawal processing timeframes vary according to whether you choose Express withdrawal or a Regular bank wire.
A Regular bank wire withdrawal is sent out from Bitfinex within 5 - 10 business days and credited to your account following processing by the receiving party. This service has a processing fee of 0.1% (min 100 USD/EUR).
An Express bank wire withdrawal is sent out from Bitfinex within 1 business day and incurs a 1% (min 125 USD/EUR) processing fee.
Important: The stated timeframe may be subject to delays due to the recipient institution's processing times. Bitfinex cannot guarantee that the receiving entity will process your withdrawal within a certain time frame because the receiving entity will have its own procedures and processing delays.
— Why are there delays in fiat withdrawals?
The completion of bank wires depends on our own internal risk processes, our payment processor, corresponding banks and your personal bank. Delays, often out of Bitfinex’s control, can occur at each stage of the transaction.
Even though we cannot give an exact timeframe for when a wire withdrawal will be completed, the approximate time it takes to withdraw fiat currencies from our platform is 7 business days. However, it is not unusual for transactions to take up to 15 business days in order to comply with proper AML/KYC procedures.
— How do I add a new recipient?
To make it easier for you to access frequently used bank withdrawal information, you can choose to add the information as a new recipient.
Simply fill in the banking information as requested, save the information and the next time you request a withdrawal, the recipient information will be shown for you to select without having to input the information again.
If you have any questions regarding your wire withdrawal, please contact Bitfinex Support for further assistance.