Bit24 Exchange Registration and Usage Tutorial
By offering services such as buying and selling cryptocurrencies, an internal wallet and a variety of trading tools, the Bit24 exchange has become one of the preferred options for Iranian users. To use this exchange's features properly, you need to be well acquainted with the account creation process, identity verification and the exchange's various sections. In this article, we walk through the registration steps and how to work with the Bit24 exchange step by step, with screenshots, so you can start trading with greater confidence.
Step-by-Step Guide to Registering and Logging In to Bit24 Exchange
To do the initial registration on the Bit24 exchange, all you need is a mobile number in your own name. You can follow the steps below:
1. Go to the official Bit24 exchange website and click on «Login or Sign Up».
2. On the next page, enter your mobile number and click «Continue».
3. In the next step, enter the verification code sent to your mobile and proceed to the next step.
4. Set a password for your account and finally click «Log in to Account».
5. Your registration is complete and you will be logged in to your personal account.
How to complete identity verification (KYC) on the Bit24 exchange
After registering on the Bit24 exchange, you need to verify your identity to access more of the exchange's features:
1. Log in to your user panel, click on the person icon, and on the page that opens, click «Upgrade Level».
2. On the page that opens, you will be asked to verify your identity by recording and submitting the requested video. Click «Upgrade to Advanced Level».
3. You will be presented with two verification methods: the manual method and the smart method.
In the manual method, you must write out the requested letter of undertaking and photograph it together with your identity document according to the template, then upload it. In the smart method, scan your national ID card, take a selfie, then record a video of yourself reading the requested sentence and upload it.
4. After submission, your identity verification is approved in about 3 hours with the manual method and in about 15 minutes with the smart method.
How to Deposit and Withdraw on Bit24 Exchange
Depositing and withdrawing assets is one of the most important parts of working with any crypto exchange, and knowing the steps involved can help prevent possible mistakes. On the Bit24 exchange, depositing and withdrawing fiat and crypto takes just a few simple steps. Below, we go through each of these processes step by step.
How to deposit to the Bit24 exchange
To learn how to deposit to the Bit24 exchange, follow the steps below:
1. Log in to your user panel and click «Deposit».
2. In the window that opens, choose between a Toman deposit and a crypto deposit.
3. For a Toman deposit, enter your bank card along with the amount. In this section, the available options are deposit via bank gateway, bank transfer (Paya, Satna and account-to-account), card-to-card and direct deposit.
4. For a crypto deposit, first select the coin along with the network, then copy the provided address into your wallet so the crypto is deposited to your account on the Bit24 exchange.
How to withdraw from the Bit24 exchange
To withdraw from the Bit24 exchange, after logging in to your user panel, follow the steps below:
1. Go to the wallet icon and select Withdraw.
2. In the window that opens, choose between a Toman withdrawal and a crypto withdrawal or transfer.
3. For a Toman withdrawal, enter your bank account along with the amount and click Toman «Withdraw». Naturally, the timing of the transfer to your bank card is based on Paya cycles.
4. For a crypto withdrawal, select the coin and enter the destination address along with the network; finally, once you enter the desired amount, your withdrawal is placed in the processing cycle. If the withdrawal is a transfer to another user's account on the Bit24 exchange, no fee will be charged.
Buying and Selling Cryptocurrency on the Bit24 Exchange
To trade crypto on the Bit24 exchange, first log in to your user panel and follow these steps:
1. From the top bar of the user panel, click «Trade» and then «Spot» .
2. On the page that opens, you will have access to the live chart and the trading volume of buyers and sellers of the cryptocurrency you selected. In this section, you can also see the real-time price of the cryptocurrency.
3. At the bottom of the same page, you will see two options, green and red, for buying and selling the selected currency. Here, enter the price and amount, and after choosing buy or sell, your order will be placed in the order queue; once the trade is executed, the currency or funds from the trade will be transferred to your wallet.
Instant buy and sell on the Bit24 exchange
For instant buy and sell (OTC), click «Instant Buy and Sell» in the top bar of the user panel, enter the amount you want in the buy section and select the currency you want in the sell section, and your trade will be executed at the real-time price.
How to Download and Install the Bit24 Exchange App (Android and iOS)
To download and install the Bit24 exchange app, simply go to the exchange's main website and click the phone icon to be taken to the app download page. On the page that opens, you can also download the app by scanning the code. Below are the download links for each version of the Bit24 app:
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Bit24 App |
