In Bibox, only cryptocurrencies are allowed (no Fiat money).
We are going to teach you how to withdraw Multi-collateral DAI (DAI) from your Bibox account and here are the steps:
Open the Bibox website – https://www.bibox.com
Log into your account by entering the email and password you registered.
Go to “Assets” located at the top bar beside your profile.
From the Assets page, go to the “Withdraw” section. Select your Multi-collateral DAI (DAI) and enter the required details such as the amount and the withdrawal address. Pay attention to the wallet address that you’re copying as processed Multi-collateral DAI (DAI) withdrawals can no longer be reverted. If you transact with the wrong one, you will lose your money permanently. Click the Withdraw Multi-collateral DAI (DAI) button to continue.
To check on the status of the withdrawal transaction that you just made, go to the “Withdrawal” section.
With Kraken, you can deposit cryptocurrencies like Multi-collateral DAI (DAI) as well as Fiat money, but first, make sure you have completed the account “Verification” process and have activated 2FA.
Here are the steps on how to deposit Multi-collateral DAI (DAI) on your registered and confirmed Kraken account:
Click here to open the exchange site and click on “Log in.”
Click on “Log in” and enter your registered email address and password. You also need to verify Two-factor Authentication, then click on “Log in.”
Once you’re logged in, click on “Funding” to start depositing.
To deposit Multi-collateral DAI (DAI), click on “Deposit” and select your preferred Multi-collateral DAI (DAI). Make sure that the Multi-collateral DAI (DAI) deposit you opted to make meets the minimum deposit requirements. Also, double-check that you are sending the correct Multi-collateral DAI (DAI) to the address as transactions sent to the wrong address may not be recoverable.
For an initial deposit, you will have to generate a new deposit address. Click the ‘Generate New Address’ button to do so.
After adding a deposit address, copy and paste the address and the generated ‘destination tag’ or ‘memo’ if required into the wallet from which the funds will be sent.
To deposit Fiat money, select your currency under “Deposit” and select your deposit method from the drop-down menu.
Copy the deposit wire details and supply the needed information required by the system, depending on what method you have selected. Double check your information, then confirm the deposit transaction.
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