Ultimate guide on how to transfer
Ethereum from DSX to BitBay

Step by step overview on how to withdraw Ethereum from DSX

Processing Ethereum withdrawal from your DSX account is only possible after passing the Know Your Customer” or “KYC” stage.

Here you will find steps that can help you make your first Ethereum withdrawal on DSX.

  1. Withdraw Ethereum on DSX
  2. Withdraw Fiat money on DSX

First off, access the log-in page of the exchange.

dsx_deposit

After logging in, click on “Account,” then “Withdraw.”

1. Withdraw Ethereum from your DSX account

You can follow the same withdrawal process on all available cryptocurrencies on DSX. Remember that DSX is supporting Bitcoin (BTC), Bitcoin Cash (BCC), Bitcoin Gold (BTG), Litecoin (LTC) and Ethereum (ETH).

To withdraw Ethereum from your DSX account to external wallet, you need to create a withdrawal template and use template each time you want to withdraw your funds to the same wallet address.

Inside the “Withdraw” page, click on “Create Template” and choose your Ethereum. Specify the template name (label) and wallet address to which you want to withdraw funds. Make sure that you are selecting the correct address to avoid losing funds. The template will be available on the “Withdraw” page.

To withdraw cryptocurrency from your DSX account using existing withdrawal template, click on the necessary withdrawal template. You will be redirected to the withdrawal form where you need to enter your withdrawal amount. Click the “Withdraw” button afterward and approve your withdrawal request.

Ethereum withdrawals are processed and sent to the cryptocurrency network in a few minutes. In some instances, it can take up to few hours due to additional security screening. Additional delays with Ethereum withdrawals can be caused by limited liquidity on DSX hot wallets. In that case, the withdrawals processing delay can be up to a few hours, while DSX transfer funds to hot wallet.

Great job! You have successfully processed Ethereum withdrawal from your DSX account. 

 

2. Withdraw Fiat money from your DSX account

Just like processing Ethereum withdrawal, you need to complete the KYC stage before you can proceed with your transaction.

After clicking on “Withdraw,” you will be given instructions on what to input like your withdrawal amount.

Bank transfer withdrawals are usually processed within 1-2 business days. It can take longer during bank holidays. DSX uses Rietumu Bank to send bank transfers.

Withdrawals in Fiat currencies (USD, EUR, RUB) to the ePayments platform are instant.

There you go! You have processed Fiat money withdrawal on DSX.

Step by step overview on how to deposit Ethereum on BitBay

You can acquire funds in your BitBay account through digital currencies like Ethereum 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 Ethereum deposit on BitBay.

  1. Deposit Ethereum 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 Ethereum on your BitBay account

As mentioned, Ethereum 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 Ethereum 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 Ethereum on BitBay

Awesome! Ethereum 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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