Ultimate guide on how to transfer
Bitcoin from BitBay to Bitfinex

Step by step overview on how to withdraw Bitcoin from BitBay

To withdraw Bitcoin from BitBay, one must have a verified account first. Either, you take out some Bitcoin or Fiat money, the process at BitBay is straightforward and easy to follow. There’s also an option to withdraw from an ATM.

Today, we will show you how to withdraw Bitcoin from your BitBay account with ease and comfort.

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

Let’s log-in to your account first by going to the log-in page.

Type in your registered email address and click Log In.

how to login on BitBay new

Next, enter your password on the field provided and hit Log In again.

how to login on BitBay

If you were able to set 2FA on BitBay, you would have to provide a 6-digit code. Get this from the Authenticator app and after entering click Log In.

how to login on BitBay

Once signed in, go to the ‘Wallets’ section which you can find on the left side of the page.

how to withdraw funds from BitBay

1. Withdraw Bitcoin from your BitBay account

To withdraw Bitcoin from BitBay click ‘Withdrawal’ on the right side and select a cryptocurrency from the list. In this example, we will use BTC.

how to withdraw Bitcoin from BitBay

Enter your withdrawal amount, the address you wish to transfer the funds, and your comment. All information you enter must be correct to avoid errors. Click the ‘Pay Out’ button to proceed.

how to withdraw Bitcoin from BitBay

Nice work! You have withdrawn Bitcoin from BitBay.

 

2. Withdraw Fiat money from your BitBay account

If you wish to withdraw Fiat money from your BitBay account, the steps below will help you achieve this process.

Still, from the ‘Wallets’ section click on ‘Withdrawal’ from the options on the right and select the currency you want to withdraw.

how to withdraw fiat money from BitBay

On the next page, click on Bank transfer.

how to withdraw fiat money from BitBay

Enter all the information that the system requires and click the ‘Withdraw’ button to proceed.

how to withdraw fiat money from BitBay

The system will send an authorization code to your email. Open your email to retrieve this code.

how to withdraw fiat money from BitBay

Copy the authorization code from the email just like the one you see below.

how to withdraw fiat money from BitBay

Paste the code on the box and hit Confirm. The transfer may take up to two business days.

how to withdraw fiat money from BitBay

There’s also an option to withdraw funds from an ATM as long as you’re physically in Poland and own a polish phone number.

To do this select PLN from the list of currencies and click ATM withdrawal.

how to withdraw fiat money from BitBay

Provide the amount that you intend to withdraw, your polish phone number and click the ‘Withdraw’ button.

how to withdraw fiat money from BitBay

Just like withdrawal through bank transfer, you will also need to access your email to get the authorization code. Do the same step by entering the code into the box and hit on Confirm. After 30 minutes from the time you made the request, you will receive an email with a PIN number and a code through SMS. Save this and go to the nearest ATM. Follow the steps found via this link to get your funds from an ATM.

Note: SMS code is only valid for 48 hours.

how to withdraw fiat money from BitBay

To check or view your withdrawal, go to the History section and click Deposits/Withdrawals.

how to view deposit or withdrawal on BitBayYou did it! You have made your first Fiat money withdrawal from BitBay.

Step by step overview on how to deposit Bitcoin on Bitfinex

At Bitfinex, any registered user can make a deposit either through cryptocurrencies like Bitcoin or Fiat money. However, it is mandatory to have a verified account if you intend to process a Fiat money deposit. Just like other exchanges, the funding process for this platform is very understandable.

This guide will help any individual make his/her first deposit on Bitfinex a success.

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

Click this link to access the exchange site.

Log-in using your registered account. Make sure to copy the Captcha text.

how to login on Bitfinex

Get the 6-digit code from the authenticator app if you have enabled 2FA on your Bitfinex account. Click the ‘Authenticate’ box after entering the 2FA code.

how to login on Bitfinex

After logging in click the Deposit tab on the top of the page.

how to deposit funds on Bitfinex

1. Deposit Bitcoin on your Bitfinex account

Depositing Bitcoin does not require a verified account. So while waiting for the verification request approval, you can process cryptocurrency deposit first.

From the Deposit section, locate the Cryptocurrencies panel and choose which currency you want to fund.

how to deposit Bitcoin on Bitfinex

Read the guidelines on the screen especially regarding the fees before proceeding.

how to deposit Bitcoin on Bitfinex

After grasping all information check all the boxes and hit the ‘ I understand. Continue.’ button.

how to deposit Bitcoin on Bitfinex

Bitfinex offers three types of wallet addresses. The most commonly used is the Exchange Wallet which users can use for buying & selling supported tokens. The other two are Margin Wallet (trading on margin) and Funding Wallet (provides finance for other margin traders).

Select which wallet address you want to fund and click on ‘Click to generate address’ button. Additionally, tick on the icon just beside ‘Click to generate address’ to copy the address to the clipboard. This action will make sure that you’re copying the correct one.

To complete this step, you have to enter the Bitfinex address to the external wallet from which you intend to access and send the funds. There is a minimum of 20 confirmations (approximately 5+ minutes) before the funds get credited to your Bitfinex account.

how to deposit Bitcoin on BitfinexPerfect! You have deposited Bitcoin on your Bitfinex account. 

 

2. Deposit Fiat money on your Bitfinex account

If your account verification request already gets approval, you may also deposit Fiat money to it. From the deposit section, locate ‘Bank Wire’ and choose the currency you wish to fund from the list.

Follow the instructions on the page such as providing the bank details from which the funds will be coming from and other necessary information needed to complete the process. Always see to it that everything you enter is accurate and updated to avoid errors and delays. You will get a notification once the funds get credited to your Bitfinex account.

how to deposit fiat money on Bitfinex

You can check your deposit transaction on the Deposit section under Recent Deposits.

how to view deposit on BitfinexGreat job! You have effortlessly funded Bitcoin on your Bitfinex account.

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