Ultimate guide on how to transfer
Litecoin from YoBit to Private: BitBay

Step by step overview on how to withdraw Litecoin from YoBit

With YoBit, you can withdraw funds using a variety of cryptocurrencies as well as Fiat money.

Let’s follow these steps to help you withdraw funds on your registered and verified YoBit account:

  1. Withdraw Litecoin from YoBit
  2. Withdraw Fiat money from YoBit

Click here to open the exchange site.

Start by logging in using the email address and password you’ve registered for YoBit.

Click on “Wallets” to view your funds as well as the available Litecoins. To withdraw, select your currency from the list and click on the minus sign under “Withdraw.”

1. Withdraw Litecoin on your YoBit account

For Litecoin withdrawal, refer to the list under “Wallet.” In this example, we are using Bitcoin.

You can highlight it to make sure that you are working on your Litecoin and click on the minus sign.

Enter the withdrawal address. Make sure to enter the correct one as completed Litecoin withdrawal transactions can no longer be reversed, therefore, you could lose your money permanently if the wrong recipient is chosen. Click on “Withdrawal request” to continue.

To view your withdrawal transaction, click on “History”.

Good work! You have successfully processed Litecoin withdrawal from YoBit!


2. Withdraw Fiat money on your Gatecoin account

For Fiat money withdrawal, refer to the list under “Wallet.” In this example, we are using USD.

You can highlight it to make sure that you are working on your preferred currency and click on the minus sign.

The “Withdrawal” window pops up with the payment methods. Make your selection, and enter the withdrawal address. It is very important to paste the correct address as completed transactions can no longer be reverted, hence, you could lose your money if an incorrect recipient is added. Click on the “Withdrawal request” box to continue.

To view your withdrawal transaction, click on “History.”

Excellent! You have successfully processed Fiat money withdrawal from your YoBit account.

Step by step overview on how to deposit Litecoin on BitBay

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

  1. Deposit Litecoin 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 Litecoin on your BitBay account

As mentioned, Litecoin 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! Litecoin 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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