How To Deposit Money Into Bitcoin Account
- Bitcoin Deposit Address
- How To Deposit Money Into My Bitcoin Wallet
- How To Deposit Cash Into Bitcoin Wallet
- How To Deposit Money Into Bitcoin Accounts
- Bitcoin Cash deposit. Before you can make a Bitcoin Cash (BCH) deposit to your NiceHash wallet you first must have a desired amount of BCH in your own Bitcoin Cash wallet. You can exchange fiat money to Bitcoin Cash through exchanges that support fiat to crypto conversion or you can buy Bitcoin Cash with Bitcoin at NiceHash (if you already have.
- You can process payments and invoices by yourself or you can use merchant services and deposit money in your local currency or bitcoins. Most point of sales businesses use a tablet or a mobile phone to let customers pay with their mobile phones.
Learn how to deposit money in your coins.ph account and convert the Philippine peso currency into BitCoin BTC easily. You can deposit funds in your coins.ph account easily through 7-eleven instant cash in, UnionBank, GCash, Cebuana Lhuillier, M Lhuillier and banks.
The first scam on the list is one that you may well be familiar with already, as it’s also.
Funding your coins.ph account and convert your peso into BitCoin is also a great way to trade BitCoin. When you convert your peso in your coins.ph peso wallet into BTC wallet, you instantly have a BitCoin. Coins.ph is however charge fees for every transactions.
Related:How to Earn BitCoin in Several Ways
How to Deposit Funds to Coins.ph Account & Convert Peso to BitCoin
Note: if you dont have yet coins.ph account, register here for free and verify your coins.ph account by uploading important documents like IDs and proof of address. After you have registered and verified your account, you can now fund your coins.ph account and convert your peso into BTC BitCoin.
Step 1: Go to “Cash In” Option. and select instant cash in options you preferred. I always deposit funds using Cebuana Lhuillier. It’s fast and easy.
Step 2: Decide how much would you like to Cash in, Coins.ph and Cebuana Lhuillier will only cost you P40 for every transaction. Example. I want to deposit P20,000 in my coins.ph account, the total payment I will pay in Cebuana Lhuillier is P20,040
After you have entered your desired amount to cash in to your coins.ph, click “next”.
Step 3. Go to Cebuana Lhuillier (in our example), if 7-eleven, of course go to 7-eleven store. And pay the amount of money. Fill out a form and write your reference number given by Coins.ph
Step 4. You will receive a payment notification via phone number and email from Coins.ph. Now you are ready to buy BitCoin using coins.ph, all you need to do is to convert your peso to BitCoin.
Your cash in will reflect in your peso wallet.
Part 2. Convert Pesos Wallet Balance to bitCoin BTC wallet in Coins.ph
Step 1. Go to My Wallet and choose convert. There will a pop up window for converting peso to Bitcoin or BitCoin to peso.
Step 2. Enter value in the field. If you have P20,000 in your coins.ph peso wallet and want to convert P10,00 into BitCoin, then just type the desired amount. Then select “convert”.
Step 3. Now go coins.ph BTC wallet and see how many BitCoins do you have after you have converted your peso funds into BitCoins.
Tips and Warnings
- Be aware to the charge of Coins.ph per transaction. It is better to cash in a big amount to save for service charges. Imagine if you will always cash in to coins.ph, you will also get charge. I prefer Cebuana Lhuillier when cashing in my coisn.ph peso wallet.
- When receiving BTC BitCoin payments, use your BTC wallet address that can be found at the BTC wallet upper corner.
- Just choose BTC wallet and click the “code” and your BTC wallet address will show up. Example of BTC wallet is here: 358CCcR6FwoxgHWTZ3FdxqQ9B32cvm3ypd
- Never join the high yield investment programs that uses BitCoins nor believing to some people who are offering BitCoin investments and BTC doubler, they are usually a scam.
Every so often at Coinmama, we get a question that makes us scratch our heads, rethink how we explain things, and go back to Bitcoin basics. Recently that question was “Can you tell me how to add money to Bitcoin wallet?”
The head scratching came from not being sure exactly what question was being asked. Was the user wondering how to buy Bitcoin or was he asking how to load his wallet with fiat (that is, with paper currency)? After some lively office debate over coffee and a few chocolate bars, we were reminded of something often repeated by teachers: if one person has a question, someone else is probably asking the same thing. And because here at Coinmama we like to think of ourselves as crypto teachers, we decided to tackle both questions and a few bonus topics as well.
First let’s rewrite the question:
Before you can ask “Can you tell me how to add money to Bitcoin wallet?” you need to ask, “Can I add money to my Bitcoin wallet?” The answer, much like our relationship with Coinpapa, is “It’s complicated.”
Let’s back up. A crypto wallet is a cross between your bank account and your mailbox for cryptocurrency—it’s the place where you can send, receive, and store coins, and it’s also where you can see a record of all of your transactions. But a crypto wallet is, by its very nature, for cryptocurrency.
Bitcoin Deposit Address
So the answer to the question depends on what you mean by money. If by money you mean Bitcoin or other cryptocurrency, then yes! You can buy Bitcoins and send them to your wallet (we’ll cover that in a second). But if by money you mean fiat currency, such as a Dollar, Euro, or Yen, then the answer is no. While on some exchanges you can link your credit card or bank account, that link is to the exchange and not to your wallet. In other words, you cannot add fiat to your crypto wallet.
How do you buy Bitcoin?
If our user was actually asking how to add (or buy) Bitcoin to their wallet, well that we can easily answer!
Step 1: get a bitcoin wallet
You can’t get cryptocurrency without a crypto wallet, so if you don’t already have one, that’s your first step. There are many, many crypto wallets you can choose from. Some live online, some live offline, some can be used to store several different cryptocurrencies, some only one or two. Many experienced crypto buyers spread their coins out over more than one wallet. The key to choosing a wallet is to do your research: learn which wallets support each coin, read the reviews, and then download the wallet or wallets of your choice.
Step 2: place an order
How To Deposit Money Into My Bitcoin Wallet
If you’re registered with Coinmama, once you have a wallet you can easily buy Bitcoin with your credit card, debit card, or SEPA bank account. (If you’re not registered, you can do that here.) Simply choose the amount of crypto you’d like to buy, add your payment details, and go to step 3!
Step 3: enter your wallet address
Here’s where things get interesting. Every wallet has both a public key and a private key, or two very, very long strings of numbers and letters. The public key is what other people can see: it’s what appears on the blockchain, and it’s also what you can give out in order to receive cryptocurrency. The private key is the password to your wallet. (Don’t lose it, because it can’t be reset, and don’t give it to anyone you wouldn’t also give your bank password to.) In order to send (or add) Bitcoin to your wallet, you will need to enter your public key—or wallet address, so that Coinmama can send you your coins. Once you do that, your work is basically done! You’ll just need to confirm your wallet address by email before you can sit back, relax, and wait for the Bitcoin to be added (or sent) to your wallet.
How To Deposit Cash Into Bitcoin Wallet
Coinmama’s Takeaway
How To Deposit Money Into Bitcoin Accounts
At Coinmama, we’ve been around crypto long enough that we forget some people are new to it. It’s nice to get a head scratcher every once in a while, to remind us that for many people, crypto basics are not so basic, and to give us an excuse to answer questions we don’t normally get to answer 🙂
Click here to read our Beginner’s Guide to Bitcoin and Crypto