How to send crypto-currencies with BitBay ?

How to send crypto-currencies with BitBay ?

You want to use BitBay to send crypto-currencies, but you don’t know how it works. Thus, we propose that guide you step by step to do it.

Register on the platform, the BitBay

Before you can send crypto-currencies on BitBay, you need to register. However, no need to worry, it really isn’t that difficult. You must provide your email and create a user name, a pin code and a password. However, we advise you to choose a complex password to reduce the risk of piracy. Once that is done, you will receive an e-mail containing the link that will allow you to validate your account. In addition, you can receive a second level of protection using Google Authenticator. Even if it is totally optional, we recommend that you take advantage of it since you will be able to protect your crypto-currency even more effectively.

The verification of your account

Although your account is validated, you can not still make any deposit. For this, you need to prove your identity. However, this is not really difficult because you simply follow a few steps. The first of them is to fill in a form in which to indicate several personal information such as first name, last name, date of birth and mailing address. You will also need to send several documents, namely a photocopy of the front and back of your identity document in course of validity and a proof of address dating from less than 6 months.

Get hold of the crypto-currency on BitBay

Once you have given all the necessary information and that they are validated, you need to obtain crypto-currencies. For this, you can transfer them to another site or portfolio or to purchase them. To buy, several methods are available, but we advise you to opt for the bank transfer. This is the simplest method, given that you only need to fill in banking information to receive your crypto-currencies within 48 hours. If you want to transfer the crypto-currency from another website or portfolio, you’ll need to use the same method as that described above.

If you choose to purchase crypto-currencies with real money, you will need you will find in the section “Balance” at the top of the screen, and then choose the crypto-currency that you want to acquire. You then need to click on ” Trade “, then on “New Order” in order to find the offer that suits you.

Send crypto-currencies on BitBay

Once you have the crypto-currencies that you want to send, you need to go in the section “Funding” and click on the tab ” Withdraw “. You will then need to select the crypto-currency that you want to send. Once you have clicked on ” Send “, enter the address of the wallet of the receiver, then the number of crypto-currencies that you want to send. However, please be attentive when your shipment as it will be irreversible, that is to say, that in the event of error, in particular when entering the address of the receiver, the crypto-currency will be simply lost. Once the verifications performed, it only remains for you to validate.

What you must remember

  • To begin with, you need to register on the platform, the BitBay and validate your account.
  • However, to make a deposit, you will also need to provide additional information.
  • After you have created the crypto-currency, you can send it by going to the tab “Funding” and then clicking on ” Withdraw “.