![]() ![]() Selling the fundsĪfter the funds have been deposited and the transaction has the number of confirmations required by the exchange, you will be able to either trade the funds or withdraw them to a bank account. Most exchanges will send you an email to notify you of a pending deposit. Slide the b all the way to the right (mobile) or click Click to send (desktop) to confirm the payment.Īfter sending the funds, please allow some time for the transaction to confirm, depending on the fee policy used, it could take a few minutes to a few hours.Tap on the Send Max option on the top right corner if you want to send the entire balance Here you can input the amount you want to send.To paste the address on your desktop app, click the Search contact or enter address field and press CTRL+V / Command+V. To paste the address on your phone, tap and hold the Search contact or enter address field and then tap PASTE. Paste the receiving address you copied or scan the QR code of the receiving address provided by the exchange.Open the key which contains the wallet you wish to send funds from.To send your funds to the exchange follow the steps below: Cryptocurrency transactions are irreversible - there is no way to recover funds already broadcast to the blockchain. ![]() ![]() Double check the address entered on the BitPay app is the same as the address provided by the exchange before sending the funds.If you are using two devices, you can scan the QR code, if you are using one device, you can copy the address and paste it on the BitPay app. Do not enter the address manually on your BitPay app, instead, scan it or copy and paste it.Make sure the wallet you are sending funds to matches the coin you are going to deposit, sending the wrong coin may result in the complete loss of your funds.In regards to the exchange wallet address, we strongly recommend the following: Please refer to your exchange’s help articles to know how to deposit funds. Most exchanges provide a QR code and a button to copy the address like the example below: Going through the deposit flow will provide you with the address where you have to send the funds. In the typical case, you will have many wallets in the exchange and the possibility to deposit funds. Operate in your country: Otherwise, you may not be able to exchange your crypto into fiat money, to your local currency or may have to pay higher fees to move the money to a bank account.Īfter you have created the account on the exchange of your choice and have investigated how to sell the funds on the exchange, you are ready to send the funds to the exchange.We recommend you do careful research to be sure you can trust the exchange you are going to send your funds to. Are very well known and trustworthy: we don’t want you to be scammed or lose your money.What exchange should I use?īitPay does not provide a list of exchanges, nor financial advice, what we suggest is you look for exchanges that: It usually involves a KYC (Know Your Customer) process that consists of an identity verification procedure and normally requires the user to upload documents and selfie pictures.Īs the account creation and KYC processes vary from exchange to exchange, we are not going to dive deeper on this matter. Sell the funds and withdraw the funds to a bank account.Ĭreate an account on a cryptocurrency exchangeĬreating an account on a cryptocurrency exchange is easy and does not differ much from creating an email account.Create an account on a cryptocurrency exchange that operates in your country.How do you sell your crypto?Īssuming you already have the crypto that you want to sell in your BitPay wallet, this is what you have to do to sell your crypto: Therefore, if you want to sell your cryptocurrency (cash your funds out), you need to do it with a third party. BitPay does not directly buy or sell cryptocurrency. ![]()
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