Ultimate guide on how to transfer
Bitcoin from Bithumb to BitBay

Step by step guide on how to withdraw Bitcoin from your Bithumb account

Bithumb only allows Fiat money (KRW) withdrawals to Korean residents. Other users have the option to withdraw cryptocurrency like Bitcoin and here the easy steps to follow:

Go to https://www.bithumb.com  and click on “Sign In.”

Enter the email and password you registered.

How to log in on Bithumb

Enter the security password you used when you signed up then click “Confirm.”

How to Log in on Bithumb

After logging in, click on the “Wallet” button located at the top bar and select “Withdrawal.”

How to withdraw funds from Bithumb

On the Withdrawal section, select the Bitcoin or currency you want to withdraw.

How to Withdraw from Bithumb

Next, enter the amount you wish to withdraw, together with the bank name, bank account, account number, account holder’s name. Always double check your information before submitting withdrawal transactions as it can no longer be reverted and could cause you to lose funds.

How to Withdraw funds from Bithumb

Also, type in the cell phone verification code for authentication purposes, and then click “Withdrawal Request.”

How to withdraw on Bithumb

Check the transaction history at the bottom of the page where it says “History” or by clicking on the “Pending Order” and “Completed Orders.”

How to check transaction History on BithumbFantastic! You have just withdrawn Bitcoin from your Bithumb account.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.

how to login on BitBay

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

how to login on BitBay

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

how to login on BitBay

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

how to deposit funds on BitBay

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.

how to deposit Bitcoin on BitBay

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.

how to deposit Bitcoin on BitBay

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.

how to deposit fiat on BitBay

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

how to deposit fiat on BitBay

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.

how to deposit fiat on BitBay

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.

how to deposit fiat on BitBay

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

how to deposit fiat on BitBay

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.

how to deposit fiat on BitBay

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

how to view deposit on BitBayExcellent! You have finally placed Fiat money into your BitBay account.

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