Ultimate guide on how to transfer
Monero (XMR) from Binance to Private: BitBay

Step by step overview on how to withdraw Monero (XMR) from Binance

Withdrawing Monero (XMR) from your Binance account is very straight-forward. After making sure that your Binance account is safe to use and is fully verified, you can proceed with performing deposit and withdrawal transactions.

Here, you will find steps that you can follow in withdrawing Monero (XMR) from your Binance account.

  1. Withdraw Monero (XMR) from Binance
  2. Withdraw Fiat money from Binance

Click this to access the platform.

Once the site is up, log-in with your registered account.

1. Withdraw Monero (XMR) from your Binance account

Click on “Wallet” at the top-right area of the website. Then go to “Fiat and Spot”.

 

Select your Monero (XMR). You can directly type it in the box so you don’t have to go through the entire list. We are using BTC in this example.

 

Input the address and amount. Make sure you are putting the correct address as transactions can no longer be reverted. If your funds are transferred to the incorrect address, you could lose your money.

Click on “Submit.”

The system will now send a confirmation message to your Binance registered email address.  Open the “Withdraw Request Confirmation” email and make sure it is your expected transaction, and then click “Confirm Withdraw” when you would like to continue with withdrawing.

To check pending and all transactions, go to “Deposit Withdraw History.”

 

There you go! You have successfully processed Monero (XMR) withdrawal from your Binance account. 

2. Withdraw Fiat money from your Binance account

Click on “Wallet” at the top-right area of the website. Then go to “Fiat and Spot”.

Click on the Withdraw button.

Select the fiat currency that you’d like to withdraw. Once all the details are entered and confirmed, click Submit to proceed. Make sure that all the details are correct to avoid errors.

Congratulations! You have successfully processed $fiat withdrawal from your Binance account. 

Step by step overview on how to deposit Monero (XMR) on BitBay

You can acquire funds in your BitBay account through digital currencies like Monero (XMR) 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 Monero (XMR) deposit on BitBay.

  1. Deposit Monero (XMR) 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 Monero (XMR) on your BitBay account

As mentioned, Monero (XMR) 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! Monero (XMR) 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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