How to get Monero (XMR) on BitBay ?

How to get Monero (XMR) on BitBay ?

You want to use the platform BitBay to receive Monero, but you don’t know how to do it. It is for this reason that we offer you this guide to help you follow all the steps to get there.

Your registration on BitBay

Before you can receive Monero on BitBay, you must create an account on this platform. However, do not worry, it is really very simple. You just need to follow different steps. The first thing to do is to enter your email address. In addition, you will need to create a user name, a pin code and a password. However, to ensure maximum safety and security against piracy, we recommend that you choose a password that is fairly complex. Once this is done, you will receive an e-mail where you will find the link that will allow you to validate your account. Finally, you can also enjoy greater security by using Google Authenticator. Even though this is not mandatory, we can only advise you to do so. Your valuable crypto-currencies will never be sufficiently protected.

The verification of your identity

However, to take maximum advantage of BitBay, you will be required to prove your identity. But it’s really not complicated because you simply follow the steps that are proposed to you. The first of them is to fill out a form containing personal information. You will need to indicate your first name, last name, your address and your date of birth. You then need to send several documents. Therefore, you must send a photocopy of the front and back of an identity document. It may be your identity card, your passport or your driving licence. Finally, it remains for you to attach a proof of address dating from less than 6 months.

Create your receiving address and receive Monero on BitBay

Once your account is created and validated, and that your identity is verified, it only remains for you more than a step before being able to receive the Monero on BitBay. You should create a new email address allowing you to receive and store the Monero on the platform. To do this, go to your profile and select ” Generate New Address “. Once your new address is created, pass it to the person who you should send the Monero. It will be essential to validate the shipment. However, you will need to be very careful in using this email address because, if it is wrong, this would result in the loss of Monero. We recommend that you use the function copy-and-paste. Once the transaction is accepted and validated, the Monero is transferred to your account BitBay.

What you must remember

  • If you want to use BitBay to welcome you to the Monero, you must first create an account on this platform.
  • If you want to take full advantage of BitBay, you will need to validate the various “Third parties” that are the levels of verification proposed by BitBay.
  • You will need to generate a new address that the person sending you the Monero will absolutely need.