Categories: Investing

How to Top Up a Bitcoin Wallet

You cannot buy or invest in Bitcoin if you do not have a Bitcoin wallet. A wallet is a safe and secure form of storage that allows you to send, receive bitcoins and store digital coins. Continue reading →

Published by
Bailey Merton

If you want to take advantage of the potential gains from the crypto market, especially by investing and trading in Bitcoin, you first need to know how to top up a bitcoin wallet. This is because you cannot buy or invest in Bitcoin if you do not have a Bitcoin wallet. A wallet is a safe and secure form of storage that allows you to send, receive bitcoins and store digital coins. So, if you want to hold or transact in BTC, you must have a wallet. There are different types of Bitcoin wallets such as mobile, desktop, online, hardware, and paper wallets. Since your balance will go down after you pay with the coins or sell them, you need to know how to top up a bitcoin account, so you can replenish the wallet and keep enjoying the benefits of these digital coins.

Steps follow to top up your Bitcoin wallet

When we look into how to top up your Bitcoin wallet, we assume that you already have a wallet because you cannot have any of the cryptocurrencies without one. Below are the steps to follow when topping up your BTC wallet:

Make your Bitcoin order

Typically, you need to find a reliable exchange from which to buy your BTC. The exchange should charge reasonable fees and be secure and trustworthy since you could lose your money if you are not careful. To place an order, you only need to choose the amount of crypto you want to buy, indicate your payment method, and then move to the next step.

Depending on the exchange you choose, you can pay with various means. Would you like to top up your Bitcoin wallet on Nakitcoins? It would be one of the wise decisions you can make because Nakitcoins is one of the best Bitcoin exchanges. It offers you the chance to walk into their office in Turkey and buy bitcoins with cash with no limits, and you enjoy the utmost security and privacy. You can also buy online through the Nakitcoins website because it is a decentralized exchange. You can use your bank card or a cash voucher such as Neosurf to pay for the coins. Also, selling BTC on Nakitcoins is equally convenient, as is exchanging them for other cryptocurrencies.

Key in Your Wallet Address

Each Bitcoin wallet has a public key and a private key. These are generally lengthy strings of numbers and letters. The public key is visible to other people and appears on the blockchain network. You give out your public key to those transferring coins to you. On the other hand, the private key is your wallet’s password. You are the only one who knows it, and you must keep it secure by not sharing with others or even losing it because it cannot be reset.

To buy Bitcoin and send it to your address, that is, your Bitcoin wallet, you have to enter your public key, which may also be referred to as the wallet address. This will enable the exchange to send the coins to your Bitcoin wallet. Once you have entered the public address, you only have to confirm your wallet address via email. Then you can wait for the bitcoins to be sent to your crypto wallet.

Now you know how to do a Bitcoin top-up if you have been seeking information on how to top up a Bitcoin wallet. As you choose the exchange from which you will buy bitcoins, you need to be cautious and choose only secure platforms that charge reasonable fees. Also, ensure they will process the transfer of BTC to your wallet speedily and have a good reputation.

How to Top Up a Bitcoin Wallet was last updated June 29th, 2021 by Bailey Merton
How to Top Up a Bitcoin Wallet was last modified: June 29th, 2021 by Bailey Merton
Bailey Merton

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