How to receive Bitcoin (BTC) on BitBay ?

How to receive Bitcoin (BTC) on BitBay ?

You want to receive Bitcoin in using the platform BitBay, but you don’t know how it works. No problem, we’ll show you how to do it by guiding you step by step.

Your registration on BitBay

Of course, in order to receive the Bitcoin on BitBay, you must first register on this platform. However, no need to worry, it really isn’t that complicated. You’ll just need to follow different steps. The first is to enter your email address and create a user name, a pin code and a password. However, in order to guarantee you an optimal security vis-à-vis piracy, we recommend that you choose a complex password. Once this is done, you will need to validate your account by clicking on the link you receive by e-mail. In addition, you can enjoy a second level of security by using Google Authenticator. Even though this is not mandatory, it is strongly advised. Your valuable crypto-currency will never be too protected.

The verification of your identity

However, you can’t yet fully take advantage of your account BitBay. In fact, before you can make deposits, you will need to verify your identity. However, this is really not difficult as you just need to follow different steps. The first thing to do is to fill in a form on which to fill in several personal information such as your name, your name, your address and your date of birth. You must also send the photocopy of the front and back of your identity document in course of validity. This can be an identity card, a passport or a driving licence. Finally, you will be asked to provide proof of address dated within the last 6 months.

Create your receiving address and receive Bitcoin on BitBay

However, to be able to receive the bitcoins that are sent to you on BitBay, you will need to create a receiving address on this platform. For this you need to go to your profile and click on ” Generate New Address “. Then pass this address to the person who needs to send you Bitcoin. It has actually need to perform the sending. However, make sure that there is no error in the address, as if this is the case, the bitcoins will simply be lost. We recommend that you use the function copy-and-paste. Once the transaction is completed and validated, you will receive your bitcoins on your account BitBay.

What you must remember

  • Before you can receive bitcoins to your account BitBay, you must create an account on this platform
  • You then need to validate your identity in order to be able to use BitBay without any restriction.
  • You will need to generate an address which he will need to provide to the issuer, he must in fact use it when sending.
  • However, you will need to ensure that the address used is accurate, and under penalty of permanent loss of your Bitcoin. We recommend that you use the function copy-and-paste.