Send Money Using Bitcoin
- Secure
- Anonymous
- Instant
- Worldwide
- Control
Secure
Bitamp is an open-source, client-side, free Bitcoin wallet which allows you to send and receive Bitcoin securely on the blockchain.
Remember to always verify your SSL connection before logging in. Look for the padlock to the left of bitamp.com in your browser.
Anonymous
Your anonymity is important to us. Bitamp doesn't store your seed, private key, transactions, ip address or browser details.
No email address or personal information is needed to use our service. Feel free to access your account from home, VPN or TOR.
Instant
Directly connect to the Bitcoin blockchain in your browser with Bitamp.
Transactions are sent instantly at your command. Once broadcasted, the blockchain typically takes 10 minutes to confirm your transfer. With normal banks, transfers can take several days or weeks.
Worldwide
Bitcoin doesn't have borders. You can send money to any recipient globally without any restrictions.
Bitcoin transactions only cost you pennies, it's not a mystery why Bitcoin is used by millions of people to transfer money worldwide.
Control
Your Keys, Your Bitcoin. Not having access to your private key or seed puts you at risk to lose your Bitcoin.
Again and again, crypto exchanges and custodial wallets have been hacked, dissolved or become insolvent; leaving their members with empty wallets. Don't fall victim, take control of your Bitcoin and your financial independence.
Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more. Based in the USA, Coinbase is available in over 30 countries worldwide. ' Also what's the point of being able to buy and sell Bitcoin if you can't send it to anyone on PayPal?' Using crypto to buy and P2P services is coming though but currency conversion fees will apply. If you're paying in Crypto, it will be converted to fiat and sent to the recipient. Here’s the basic process for transferring money through bitcoin: Deposit your fiat currency (government-issued currency, like dollars, euros and yen) onto a bitcoin platform. Buy bitcoin and send it to your recipient. Your recipient sells the bitcoin for fiat currency on a bitcoin platform.
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.
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
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.
Send Money Overseas With Bitcoin
Coinmama’s Takeaway
Using Bitcoin To Send Money
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 🙂
Send Money Using Bitcoin Scam
Click here to read our Beginner’s Guide to Bitcoin and Crypto