How to sell the Monero (XMR) on BitBay ?

How to sell the Monero (XMR) on BitBay ?

You want to sell the Monero using BitBay, but you don’t know how does the platform work. This is not a problem, since we offer you this guide to achieve it step after step.

Your registration on BitBay

Before you can use BitBay to sell Monero, you must already register on the platform. But don’t worry, it really isn’t that difficult. It is sufficient to follow the different steps. The first of these is to provide your email address and create a user name, a pin code and a password. However, in order to limit the risks of piracy, we advise you to provide a password that is fairly complex. Once it is completed, you will receive an email which will contain a link to validate your account. In addition, you can enjoy a second level of protection using Google Authenticator. Although this is totally optional, we recommend that you take advantage of it. Your valuable crypto-currency will in effect never be too protected.

The verification of your identity

However, even if your account is validated, you will not be able always to not take advantage of all the features of BitBay. To make a deposit, your identity needs to be verified. However, no worries, it is really very simple. You just need to follow several steps. The first is to fill in a form in which several pieces of information are requested, including your first name, your name, your address and your date of birth. You must then send a photocopy of the front and back of an identity document in course of validity. You will be able to use your identity card, your passport or your driving licence. Finally, you will need to send a proof of residence dated within six months.

Sell the Monero using BitBay

However, to be able to sell the Monero on BitBay, you must obviously be on this platform. To get a hold of them, you can the miner, buy it directly on the interface or transfer them from an online wallet or another exchange basis. Once this is done, you can sell your Monero. To this end, you need to go in the menu ” Sell “, then click on “New Order” and again on the button ” Sell “. It is then necessary that you choose the number of moneros that you want to sell, as well as the price at which you wish to resell it. After you set these amounts, it only remains for you to validate. As soon as the transaction is accepted and confirmed, you will receive the money from the sale so that your Monero will be transferred to the account of the buyer.

What you must remember

  • To sell the Monero using BitBay, you must first register on this platform and create an account.
  • In order to be able to take full advantage of your account Bitbay, your identity must have been verified.
  • Finally, in order to sell your Monero, you need to create a sales order in the section ” Sell “.