Ultimate guide on how to transfer
Ethereum from Indacoin to Private: BitBay
  • Step by step overview on how to withdraw Ethereum from Indacoin

    The withdrawal process for Indacoin is only possible for Ethereum transaction as Fiat money withdrawal via external wallet is not yet available.

    Here are the steps on how to withdraw Ethereum from Indacoin:

    To log in, open the Indacoin site and click on “Products” then “Trading Platform.”

    Type in your registered email address, password, and the captcha provided by the system. Click on “Sign in” to continue.

    After logging in, click on “Send/Request.” Please take note that Indacoin uses the term “Send” for withdrawal.

    Select your Ethereum from the drop-down menu and type in your desired amount. Next, enter the wallet address. It is very important to double check the address that you are pasting to avoid processing invalid withdrawal transaction or losing your funds. Click on “Send” to continue.

    Recent and previous transactions can be viewed under “Account History.”

    Perfect! You have successfully withdrawn Ethereum from your Indacoin account.

    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.

    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 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.

    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! 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.

    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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