Cryptocurrencies are firmly in our lives and have become popular not only as an investment asset, in which you can invest money, but also as a means of paying for goods and services on the Internet. There are several ways to top up a Bitcoin wallet: through exchanges, exchangers and a bank card. Let’s look at each of them in more detail.
How to Replenish a Bitcoin Wallet
Using Bitcoin as a payment means is very simple – it is enough to store coins in a «hot» wallet to be able to make transactions at any time. To do this, it is convenient to download the app on your phone.
Crypto exchanges are created to trade and exchange bitcoins, but many of them offer and store BTC coins on the platform’s internal wallets. To use such a wallet, you need to register on the stock exchange, indicating the name, email address and password of the account. After that, you can deposit rubles, euros, USD or other currency into the account and exchange it for Bitcoin at the exchange rate. The coins will be in your personal wallet.
The exchanges offer two options how to add Bitcoin:
The first method involves buying coins directly from the exchange, and the second – exchange Bitcoin for fiat money from another user. You place a purchase order for BTC coins, and as soon as you find someone willing to sell the crypt at the offered price, your deposit will automatically be charged the amount of the order and Bitcoin will be instantly transferred to the wallet.
The advantage of replenishing a Bitcoin wallet on the stock exchange is a large range of offers. You can buy BTC coins at the market rate by paying a small commission to the exchange.
Replenishment via P2P exchanger
The name of the exchanger speaks for itself. Unlike the exchange, p2p-platform itself does not sell bitcoins. To buy coins, you need to have an active Bitcoin wallet, the address of which you will need to specify when placing the exchange request. You place a Bitcoin purchase order, and another user who wants to sell the crypt executes it. As a result, he gets Bitcoin at your price, and you add BTC coins to your wallet for the entire amount placed in the order.
The action algorithm is as follows:
- Go to the crypto exchange service page, which offers the best exchange conditions;
- Set the direction of exchange, for example, replenishment through Yandex.Money or other payment systems;
- Place an order to buy BTC coins;
- Wait for the order to be executed and receive coins for your wallet.
Plus this way of replenishing Bitcoin purse – the ability to buy a crypt at a rate below the market. Minus – BTC purchase order may not be executed for a very long time. If you set the purchase rate well below the market rate, you will probably have to withdraw the order, as those willing to sell Bitcoin cheaply may not be found.
The milbeetCRYPTO Exchange has its own p2p-platform with zero commission, simple transfer of funds, support of fiat currency, best prices in peer-to-peer trading and other advantages.
Credit card replenishment
It is not possible to add a bank card to a Bitcoin wallet. But this possibility is offered by large crypto exchanges, for example, milbeetCRYPTO. The Exchange offers to replenish the Bitcoin wallet with a purchase fee of only 1-3% depending on the specific service.
Buying bitcoins with a milbeetCRYPTO card looks like this:
- Choose «Buy cryptocurrency» with Visa or MasterCard credit / debit card;
- Choose the currency of the credit card you want to use;
- Select the cryptocurrency you want to purchase from the drop-down menu;
- Click «Buy» to proceed to the next step.
The next step is to enter your name, credit card number and expiry date. The security code usually represents a three-digit number on the back of your card.
You can choose any convenient way to replenish Bitcoin purse depending on the timing of coin transfer, commission size and other parameters.