Deposits
At Bit & Crypt, we have made it very easy for our traders to deposit and withdraw funds, ensuring that your trading activities are seamless. There are numerous secure and safe banking options you can choose from in order to deposit funds into your trading account.
Keep in mind that Bit & Crypt has integrated various strong security protocols to protect your funds and data from fraudulent activities. As such, we have ensured that the Bit & Crypt platform is always available and secure for you to use. Each transaction is fully secured on our platform, and we extend the same protection to your data and finances.
How Do I Fund My Bit & Crypt Trading Account?
Follow these simple steps to deposit funds into your account:
Login by clicking here to access your Bit & Crypt trading account
Click on the button labeled "Deposit"
Select your preferred banking option and provide the required details
We will process and confirm your transaction within a few minutes
Credit and debit cards
Credit and debit cards are accepted as deposit methods on the Bit & Crypt platform. Some of the cards accepted include MasterCard, American Express, Visa, and Maestro. This deposit method is highly recommended as it is convenient and quick, and the funds are reflected in your Bit & Crypt account within minutes. This will enable you to start trading almost instantly.
Withdrawal
Similar to deposits, withdrawals on the Bit & Crypt platform are streamlined to ensure they are quick, convenient and easy. In addition, our withdrawal process is safe and secure thanks to the protocols and banking options we have integrated into our system. We are committed to ensuring that your funds remain secure when depositing or withdrawing them from your trading account.
Wire / International Bank Transfer
While credit and debit cards are the most convenient and preferred payment options due to how fast transactions are processed, Bit & Crypt does also offer wire and international bank transfer methods. This is to ensure that we cater to the preferences of all of our users. Keep in mind that using wire or international bank transfers to deposit funds into your trading account could take as long as seven days for transactions to be completed and for the funds to reflect in your Bit & Crypt account.
eWallets
Another secure deposit option on the Bit & Crypt platform is electronic wallets. You can use a wide range of eWallets to fund your Bit & Crypt account, and the funds will reflect in your trading account within minutes. As such, you can start trading financial assets as soon as possible, ensuring you do not miss out on any trading opportunities.
Local Bank Transfer
Bit & Crypt accepts deposits of funds using local bank transfers. This method is usually preferred because of its speed of processing compared to international bank transfers and wire transfers. For your convenience, the local bank transfer deposit method takes a few days to be completed and for the funds to reflect in your Bit & Crypt trading account.
Bit & Crypt supports numerous local banking options, and you can view these options on our platform. Simply click on the button labeled "Deposit" and you can then check if the desired local bank deposit option is available in your country.
How Do I Withdraw Funds from Bit & Crypt?
Withdrawing funds from your Bit & Crypt account is simple and easy to do. Here are the steps you need to follow to successfully withdraw your funds from our platform
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Start the withdrawal process by completing the withdrawal request form located withdrawal request form here
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Next, provide the required details on the form and submit the data to :[email protected]
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Once your form has been processed and approved, your requested funds will be transferred to you.
Keep in mind that your withdrawal request can take a few days to process, depending on the payment option. We will be sending the funds to the original deposit method you used on registration. This means, for example, if you funded your Bit & Crypt account using a credit or debit card, or an eWallet, the withdrawn funds will be sent to the applicable funding method and should reflect in your account within minutes. However, if you used a local bank transfer, wire, or international bank transfer to make a deposit, it could take longer for the withdrawn funds to reflect in your bank account. Please note that Bit & Crypt does charge any fees for processing your withdrawal requests. However, your bank or financial institution might charge you for the transaction, so we recommend you contact them directly to get more information on their charges.
Proof of Identification (POI) Documents
A valid ID document issued by a government is required for you to complete the verification process. You can send either a scan or a photo of your ID. The following documents are acceptable for verifying identity with Bit Lords:
- Driver’s license
- National Identity Card
- Passport
Just make sure that the copy of the chosen identity document you send to us is legible with your full name, date of issuance,c and expiration date clearly indicated. A clear photo of you must also be included in the ID document.
Account Verification and Security
Bit & Crypt strictly follows Anti Money Laundering (AML) and Know Your Customer (KYC) regulations, designed to ensure user safety on our platform. As such, all users must undergo the verification process to ensure that we maintain full compliance. Failure to verify your account will limit you from carrying out certain transactions, such as the withdrawal of funds.
To verify your Bit & Crypt account, you will be required to provide the relevant identity documents and personal data via our website. We recommend completing the verification process before you start trading financial assets on our platform.
The documents required to complete the verification process include:
- Proof of Identification (POI)
- Proof of Residence (POR)
If you are a new user, you will be required to provide the necessary documents on our platform before you get start trading. To do so, click on the "Upload Documents Page" tab. Here, you will find the various places to upload each document. The process is easy and only takes a few minutes to complete. You can also get in touch with the Bit & Crypt customer support team if you have any queries or require assistance. Our dedicated team can be contacted using telephone, live chat or email ([email protected].). A representative will then assist you with the verification process.
Documents Proof of Residence (POR)
In addition to providing documents to prove your identity, we will require you to do the same to prove your country of residence. Acceptable documents cannot be older than three months. The documents must also bear your full name and complete address of residence as required during the registration process. The following documents are acceptable for the POR process:
- Utility Bill (i.e., gas, phone, water or electricity)
- Bank Statements
- Credit or Debit Card Statements
Credit or Debit Card Verification
Bit & Crypt requires users to verify their credit and debit cards if they intend to use them to deposit and withdraw funds from our platform. To verify your card, you will need to submit an image of the relevant card that clearly reflects the front and back sides of the card. We require a clear scan or a photograph of the card. It is important to remember that when submitting the image, the following details must be clearly legible:
- Full Name
- Date of Expiration
- First five digits and last four digits on the card. Make sure to obscure the middle seven numbers along with the CVV number
- Signature that matches the signature provided with other documentation
Important: We might require you to provide us with a credit card statement to prove legal ownership of the account. The credit card statement should indicate your full name (which must match the name listed on the card and other documents you submitted with us). The name should also be the same as the one you use when opening your Bit & Crypt trading account.
Bank Transfer Proof of Payment
To ensure that your payment is received and processed quickly, Bit & Crypt requires you to provide us with an image or screenshot of the original deposit transaction. This is important if you are using the bank transfer method. We will require this document before we begin processing your withdrawal request.