Ultimate guide on how to transfer
Bitcoin from Bitbank to Private: BitBay

Step by step overview on how to withdraw Bitcoin from Bitbank

Bitbank has a series of verification steps that you need to complete prior to doing any transactions, like withdrawing Bitcoin.  Additionally, the website could be a challenge to navigate as it doesn’t have any option for an English translation, however, we were able to gather these steps to help you withdraw Bitcoin from Bitbank. We advise that you pay attention to the icon beside each description to make sure you are making the right selection.

  1. Withdraw Bitcoin from Bitbank
  2. Withdraw Fiat money from Bitbank

Click here to open the exchange site and click on “Login.”

After logging in, enter your email address and password. Click on “Login” to continue.

We are using Bitbank’s mobile version here. Click on the main menu at the upper-right hand portion of the page.

Click on the Sixth option from the top which is “Withdraw.”

1. Withdraw Bitcoin from Bitbank

To withdraw cryptocurrencies like Bitcoin from Bitbank, select on “withdraw” next to your preferred Bitcoin.

Add the address and the amount you wish to withdraw. You also have the option to add a new address when needed. Remember to double check your wallet address as processed transactions can no longer be reverted and funds would end up missing if an incorrect one is used.

Click on “Submit” to continue.

Wow! You have successfully withdrawn Bitcoin from your Bitbank account. 

 

2. Withdraw Fiat money from Bitbank

To withdraw Fiat money from your Bitbank account, first, locate your currency, which is Japanese YEN and click on “withdraw.”

Enter the information asked by the system, depending on which withdrawal method you’ve selected. Remember to double check the information you supply as processed transactions can no longer be reverted and funds may end up missing.

That is it! You have withdrawn Fiat money from your Bitbank account. 

Step by step overview on how to deposit Bitcoin on BitBay

You can acquire funds in your BitBay account through digital currencies like Bitcoin orFiat money. The procedure for putting money on this platform is very understandable. Also, verification is not necessary when making a cryptocurrency deposit. However, if you intend to deposit using Fiat money, it is mandatory to have a verified account.

Here you will find steps that can help you make your first Bitcoin deposit on BitBay.

  1. Deposit Bitcoin on BitBay
  2. Deposit Fiat money on BitBay

First off, access the log-in page of the exchange.

Once the log-in page is up, enter your registered email address or username and hit Log In.

Also, type in your chosen password and click Log In.

Retrieve the 6-digit code from the Authenticator app if you have enabled 2FA in your BitBay account.

After signing in go to the ‘Wallets’ section to start your deposit.

1. Deposit Bitcoin on your BitBay account

As mentioned, Bitcoin deposits do not require account verification. To initiate this process select the cryptocurrency that you wish to deposit from the left panel and click the ‘Acceptance’ box that appears on the right side. Always remember that the address is only intended for the chosen cryptocurrency.

Scan the QR code that is on the screen with the wallet address to where the funds will be coming from or enter the Deposit address. You can also generate a new address if you want. Just click ‘Generate address’ found at the bottom. The transfer is automatic, and funds will become available in your account after receiving the right amount of confirmations from the network.

Awesome! Bitcoin deposit on BitBay has been successful.

 

2. Deposit Fiat money on your BitBay account

For Fiat money deposits BitBay can accept USD, PLN, and EUR. In this step account verification is necessary.

To start, select the currency of your deposit from the left panel. In this example, we are using USD.

Click ‘Wire bank transfer’ on the right section of the page.

The account details of where you will make your Fiat deposit will show up on the screen. Make sure to copy the transfer description or account details as indicated by the system. Transfers are recorded three times a day during business days.

You can also make an express deposit at any Polish Post Office. The maximum amount of deposit you can make is 50 000 PLN, but not less than 10 PLN. The number of deposits is unlimited and only verified users could take advantage of this option.

From the options, select ‘deposit at the Polish Post Office’ or the first option beside Bank transfer.

Enter the amount of your deposit and click the ‘Deposit’ button.

Print the ‘Payment order’ and show this to the post office together with your payment. The funds will appear in your account in a maximum of 10-15 minutes.

You can view your deposits by clicking History and going to the ‘Deposits/Withdrawals’ section.

Excellent! You have finally placed Fiat money into your BitBay account.

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