In this article, we want to discuss the processes and steps that are involved in withdrawing money from your fiat wallet on Bitfada.

In the previous article, we have given a brief and concise definition of what a fiat is. However, for emphasis’s sake, we will quickly state a brief definition of fiat again.

Fiat in any organization, like a bank is where liquid cash is kept for safety purposes; and for easy accessibility. In cryptocurrency, a fiat wallet is a digital storage compartment where the user keeps his or her fiat currency which he or she intends to use for the purpose of accessibility any time he or she wishes to perform trading.

The following are the processes involved in withdrawing money from your fiat wallet on Bitfada platform.

1. Log in to your Bitfada account: The first step in withdrawing money from your Bitfada fiat wallet is for you to log in to your Bitfada account. On your dashboard, click on the wallet as shown in the image below.

2. Select the currency you want to withdraw: At this stage, from the page, you arrived at, there are different forms of currencies. We have BTC, ETH, USDT, and NGN. NGN is Nigerian currency, that is, naira.

Let’s assume that you want to withdraw naira currency into your account, then select NGN as shown in the image below.

3. Select Withdraw: Look at the top right corner of the page, and select withdraw. The withdraw button will turn red. Select your account details, that is, your bank. Enter the amount you want to withdraw. Otherwise, select the percentage of the amount you want to withdraw. If you select 25%, it means you want to withdraw 25% of the total money you have with Bitfada, and so on.

In the image above, we assume that you want to withdraw N 500,000 from your account. Note, that for every withdrawal you make, Bitfada will charge you a small token. From the image above, for N 500,000 you want to withdraw, Bitfada charges N1,000. Then, the total amount that will be transferred to your account is N499,000. After all the details have been entered, as shown above, click on submit.

Bottomline

This is the simple process involved in withdrawing money from your fiat wallet on bitfada to your personal account. Bitfada is becoming a frontline P2P cryptocurrency platform. We have one of the world largest cryptocurrency platforms where you can buy and sell cryptocurrency. All the trading partners who do trading on our platform make money on every trading day. This is your chance to make money with us too by registering on our platform. https://bitfada.com/