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

Step by step overview on how to withdraw Bitcoin from WEX

Processing withdrawals from your funded WEX account are easy. You can withdraw Bitcoin or Fiat money, depending on what you have deposited.

Let’s go through the step by step process to help you withdraw funds from your WEX account:

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

Click here to open the exchange site.

Log in using the email address and password you’ve registered for WEX.

After logging in, select on “Finances” to view your funds.

1. Withdraw Bitcoin from your WEX account

For Bitcoin withdrawal, select your Bitcoin under “Funds” and click on the “Withdraw” box.  In this example, we are using Bitcoin.

Enter the wallet address and make sure you are submitting correct one. Sending your money to the wrong Bitcoin could cause you to lose your money permanently as the transaction can no longer be reverted. Click on “Withdrawal” to continue.

Nice! You have successfully withdrawn Bitcoin from your WEX account.

 

2. Withdraw Fiat money on your WEX account

For Fiat money withdrawal, select your currency under “Funds” and click on the “Withdraw” box.  In this example, we are using Bitcoin.

Select your payment method from the drop-down menu. Enter the amount and the receiver’s name. After submitting, your chosen purse will open. Make sure accurate information is submitted as completed withdrawal transactions can no longer be reverted. Hence, you could accumulate fees or lose your money permanently.

Perfect! You have successfully withdrawn Fiat money from your WEX account.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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