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

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

Coinone is an exchange platform based in Korea that allows fiat money and crypto-to-crypto transactions.

Below is a guide to help you in withdrawing Fiat money and Bitcoin from your Coinone account:

  1. Withdrawing Fiat money from your Coinone account
  2. Withdrawing Bitcoin from your Coinone account

Go to Visit https://coinone.co.kr and click “Log in.”

Navigate your way to the Withdrawal section by clicking on the “D/W” button located at the top bar of the homepage.

1. Withdrawing Fiat money from your account on Coinone

From the withdrawal page, look for the Korean Won currency or simply go to “Quick menu.”

Select “KRW” and click on the “D/W” button beside it. In the Wallets section, select “Withdrawal” and enter the amount you want to withdraw on the on the withdrawal form, and proceed with the transaction.

Nice job! You have successfully withdrawn Fiat money from your Coinone account.

 

2. Withdrawing Bitcoin from your account on Coinone

From the withdrawal page, look for the cryptocurrency you want to withdraw funds from, or simply go to “Quick menu.”

In this example, we are going to use Bitcoin. Locate the BTC button and click on “D/W” beside it.

Next, enter the amount you wish to withdraw and proceed with the whole process.

Congratulations! You have just withdrawn Bitcoin from your account on Coinone.

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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