Ultimate guide on how to transfer
Bitcoin from BitBay to itBit

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 You have withdrawn Bitcoin from BitBay.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 itBit

With your fully confirmed and verified itBit account, you can take advantage of the different features available on the exchange. One of the major things that you need to do before you start trading is depositing funds. With itBit, you can deposit cryptocurrencies like Bitcoin or Fiat money.

These are the easy-to-follow steps to help you make your first Bitcoin deposit on itBit

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

Click this link to access the exchange site. Log in using the email address and password you’ve registered for itBit. Once you’re logged in, your default screen will direct you to itBit’s funding page.

1. Deposit Bitcoin on your itBit account

To deposit Bitcoin on itBit, choose the wallet account you would like to fund, then click on “Deposit,”.

Next, select your Bitcoin and click the “Deposit” button. A pop-up window with your Bitcoin deposit address will appear. You can either send your Bitcoin to this deposit address or scan the QR Code provided using your wallet service.

The deposit address auto-generates a unique value for each deposit transaction. You must rescan or input the new deposit address for any future deposits to avoid losing funds. 

If you scroll down the funding page, you’d be able to see your deposit transactions.

Easy, right? You have added Bitcoin on your itBit account. 

2. Deposit Fiat money on your itBit account

To deposit Fiat money on your itBit account, the instructions are similar to depositing Bitcoin. Select the appropriate account tab from which you would like to transact. Under “Deposit,” select your currency (SGD is currently unavailable).

Next, click the “Deposit” button. The “Cash Wire Deposit Instructions” will pop-up. Please follow itBit’s instructions including making sure the bank account name from which the transfer originates, matches that of the registered account or your deposit can be rejected. Secure your itBit wallet ID. This is added in your wire transfer instructions. Insufficient/missing account identifying information will lead to delays in Fiat deposits, reversals and administrative fees imposed by the banks and itBit.

deposit fiat on itBit

If you scroll down the funding page, you’d be able to see your deposit transactions.

You did it! You have added Fiat money on your itBit account.

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