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2021 AFC General Discussion

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How Do I Buy Bitcoins For My Wallet BETTER

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how do i buy bitcoins for my wallet

We are thrilled to announce that starting today, PayPal supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges. This feature has been consistently ranked by users as one of the most requested enhancements since we began offering the purchase of crypto on our platform.

A hardware wallet is a cryptocurrency wallet which stores the user's private keys (critical piece of information used to authorise outgoing transactions on the blockchain network) in a secure hardware device. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone.

At Ledger we are developing hardware wallet technology that provides the highest level of security for crypto assets. Our products combine a Secure Element and a proprietary OS designed specifically to protect your assets. Ledger hardware wallets empower you with the ownership and control of your private keys.

4.) Select the Destination Wallet or the Receiving wallet to where you want the funds to go in. 5.) Select the amount that you wish to Buy in fiat or in BCH/BTC. 6.) Fill out all your personal details, such as your Full name, D.O.B., current address and what type of IDs do you have. You will also be asked to enter your email address for us to send you a 4 digit pin. (The email address provided is also the one that will be used when Simplex or Moonpay will deliver the email confirmation of the purchase.)7.) Upload the ID that you have choose (Drivers Licence, National ID Card or Passport).8.) Enter your Credit Card details. 9.) Once completed, you will need to wait until our Payment Processor Team have everything verified and checked. (You can check the status of your purchase by clicking the 3 Horizontal lines in the buy bitcoin page and click Trade History).

1.) Go to the site: 2) Select if you want to purchase Bitcoin Cash (BCH) or Bitcoin (BTC)3) Now select how much you want to purchase, in either USD or EUR4) Open your wallet and tap on "Receive" (If using a different wallet, please find your receiving address)5) If purchasing BCH, make sure the wallet shows your BCH address (the bitcoin address will be a long string of numbers and letters) If you want to purchase BTC, tap on the wallet below until you see your BTC wallet appear.6) Go back to the site ( and enter your address in the spot provided,7) Click the "I am not a robot" box and then click on "Continue"8) You will now be at the final purchase page to fill out your credit card, and personal info required by Simplex for KYC and AML laws.If you follow the steps above, you should easily be able to purchase the number of bitcoins you want.

( recommends people use Bitcoin Cash (BCH) due to the low transaction fee and faster confirmation times. If purchasing bitcoins to pay somebody, please confirm with them if they require BTC or BCH bitcoins, before making your purchase.)

Once you have your cryptocurrency, you need to store it in a Bitcoin wallet. Every wallet comes with private keys and addresses used to access the wallet, which can be internet-based or hardware-based.

Bitcoin is the network of connected computers where the digital token (also known as bitcoin) lives. The currency is digital only, meaning it cannot be removed from its digital network and therefore does not exist in a physical form like paper money. You cannot place a physical bitcoin in your wallet, even if you buy it at a bitcoin ATM (yes, those exist).

Similar to how some other digital wallet providers like Venmo, PayPal, Cash App, or Zelle enable electronic transfers with traditional currencies, bitcoin transfers can be made online or through a smartphone app on the Bitcoin network. Unlike those other digital wallet providers, Bitcoin is an open system, which can be accessed and used by anyone in the world.

A bitcoin wallet is essentially an electronic vault where you can hold bitcoin. Just like your bank or investment account has a routing number, your bitcoin wallet will have a public address. It consists of seemingly random letters and numbers that aren't necessarily linked to names, home or business addresses, or other personally identifying information.

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At this time, in the Philippines, the only bank which supports depositing into an Abra wallet is UnionBank. We are working on ways to support more banks for deposits, but have nothing to announce at this time.

You may link your US bank account and purchase bitcoin through the Abra app. You can then transfer that bitcoin to an external Bitcoin wallet that supports European banking, like Coinbase, and then withdraw the money to your Spanish bank account. If you have further questions, please email us at [email protected]m.

Thanks for reaching out. If you recently funded your wallet, you have to wait several days before you can withdraw. If it has been over a week since you deposited, please send a message to [email protected], and they can look at the problem for you.

Currently we do not support these shops in the Philippines as a means of cashing in or out of your Abra wallet. If you want to use cash to cash in to your Abra wallet, you can use an Abra Teller or a Tambunting pawnshop.

3. Paste the address into your Coinbase app or send it to yourself through a messaging app like email or Signal if you only use Coinbase on your desktop. Double-check that the address that you pasted matched the address in your Abra wallet, then send the bitcoins from Coinbase to that address.

For bitcoin deposits, you will receive a notification about a minute after the bitcoin transaction is sent (depending on the service that is being used to make the payment) and the bitcoin will be available in your wallet after one blockchain confirmation.

If your wallet currency is set to USD, then the bitcoin payment will be converted into USD upon receipt. The deposit notification will show the conversion rate used for the deposit. This information can also be found in your transaction history.

Now, I have a question about backing up my wallet. I did one back up and got my backup phrase. Are future backups automatic or do I have to backup manually each time and do I get a new backup phrase every time? You can tell by my question that I have only done one backup.

You only have to save your backup phrase once by writing it down and keeping it in a safe place, such as where you store other valuable documents or personal items. After that you can use the backup phrase to recover your wallet if you have to get a new phone or reinstall the app for any reason.

If your wallet currency is set to USD, then when you make a deposit from your bank account, the money will show up in your wallet as USD. If your wallet currency is set to BTC, then the deposit will be converted from the currency in your bank account into BTC using the exchange rate at the time the transaction clears 2-3 business days later. For simplicity we recommend making sure that your wallet currency is the same as your bank currency, and performing the conversion after the money arrives in your wallet (as described in Step 1 in this blog post).

i have difficulty transferring USD from my TD checking to my ABRA wallet.. However, two transactions did procsess,both on the same day. my wallet currency is set to BTC. should it be set to USD instead?

You could, you can also choose to convert your wallet currency from USD to BTC to convert your whole wallet balance, or withdraw your USD to any external bitcoin address (including one at an exchange like Poloniex). This choice is up to you.

Hello, My question is perhaps one of a bit of ignorance to how this all works, but in buying bitcoins from my bank account at a certain price as stated above (spot based on coinbase) if this if left in my Abra BTC wallet does the price then flux up and down as it does on coinbase?If I am buying more as an investment, longer term hold will what I purchase increase in value if BTC increases?Is there a limit of how much that can be purchased like coinbase does?Can the BTC wallet at some future date be converted back into USA to then be put back into my bank account that is connected to my Abra?Thank you, Dayna

> Hello, My question is perhaps one of a bit of ignorance to how this all works, but in buying bitcoins from my bank account at a certain price as stated above (spot based on coinbase) if this if left in my Abra BTC wallet does the price then flux up and down as it does on coinbase?

Yes, you can convert your wallet currency at any time between any of the 50+ currencies we support in the app, and you can withdraw your funds to your account at any of the banks we support in the US and Philippines.

No this does not help, my money is frozen for some reason. I cannot withdraw with a transfer to my bank, or another wallet or an exchange. To even further my frustration, I have deposited another $1000 and it shows as not being cleared, even though it has left my bank and Abra says it should have cleared 4 days ago.

If I fund my wallet with US $, then change the currency to BTC, will everything in the wallet change? what if I want to add more funds? Say I add another $500 to the account but my currency is now set to BTC? Will I automatically be buying BTC already? Can it be a separate wallet containing some BTC which I bought before and some USD which I just replenished my account with? 041b061a72


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