- 20 Jun 2023
- DarkLight
How to deposit USDC into Bitso and convert it to MXN to withdraw to your bank account
- Updated on 20 Jun 2023
- DarkLight
How to deposit USDC into Bitso and convert it to MXN to withdraw to your bank account
1. Get a USDC compatible wallet address on Ethereum on Bitso: Log in to your Bitso account and select the "Deposit" option from your account menu.
2. Then select the option to deposit from "From crypto apps or wallets".
3. Select "USD stablecoins" as the currency you wish to deposit:
4. Click on "USD Coin" in the Ethereum (ERC-20) section to get your Ethereum wallet address on Bitso.
5. Copy the deposit address as we will use it to withdraw your winnings to the exchange.
6. Register the address in Zenki, from the menu option "Settings -> Withdrawals -> Addresses"
7. Send USDC from your Zenki wallet. Enter the menu "Settings -> Withdrawals -> Send". Select the sales you want to settle and select the Bitso wallet address you got in step 4. Confirm the transaction.
8. Verify that the transaction has been completed: Wait for the transaction to be processed and verified. There may be a timeout depending on network congestion. You can check the status of the transaction in your Bitso account.
9. Convert USDC to MXN: Once you have USDC in your Bitso account, you can convert it to MXN by selecting the "Buy/Sell" option from your account menu. Select "USD Stablecoins" as the currency you want to sell and MXN as the currency you want to buy. Enter the amount of USDC you want to sell and confirm the transaction.
10. Withdraw MXN to your bank account: Once you have MXN in your Bitso account, you can withdraw it to your bank account by selecting the "Withdraw" option from your account menu. Enter your bank account details and the amount of MXN you want to withdraw. Verify that the transaction details are correct and confirm the transaction.
11. Wait for the transaction to be processed and verified. There may be a timeout depending on network congestion. Once the transaction is completed, the funds will be available in your bank account.
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