Investing in Bitcoin has been a game-changer in the cryptocurrency world. The chance of making a killing is attracting a large number of investors looking to be rich. If you want to join the party, you first need to know how to top up your Bitcoin account, before you can continue with the rest of the steps. This simply means adding more bitcoins to your wallet. A “wallet” is a crypto-based digital place to store bitcoins that enables Bitcoin investors to buy, send, and store their coins. There are different types such as “cold” wallets which are stored offline and are considered safer since they are not connected to the internet and there are software wallets, which store crypto online.
There are various steps involved in topping up Bitcoin to your account. Here is a brief introduction to how to top up a Bitcoin account.
How to Top Up Bitcoin Account: Start by Depositing Bitcoin to Your Account
The first step is just knowing the basics, you will need a platform. In this case, a reputable one, one that you are sure will handle your digital assets well. One that has lower, manageable fees is also better. One example is NakitCoins, which is known for its wide range of services and availability.
Now, knowing how to top up a Bitcoin account, starts with you purchasing Bitcoin. Depending on the platform you are using, you are given a choice of payment methods, it can either be fiat currency, or a debit or credit card. The process is quite simple, within a few seconds you will have successfully bought your Bitcoin.
The Second Step in How to Top Up a Bitcoin Account is to Enter Your Wallet Address. The next step to topping up a Bitcoin account is to enter your wallet address. Bitcoin wallets have two keys, a private key, and a public key. The keys are both made up of a string of alphanumeric characters (numbers and letters). The public key is like a bank account number. You give your public key to the platform you are using for them to send the bitcoins to your wallet.
On the other hand, the private key is your personal password which you must never share with anyone. You can confirm the transfer via email as you wait for them to be deposited.
How to Keep Your Bitcoin Account Safe
There are various tips you can incorporate to keep your Bitcoin account safe. Here are examples.
- Do your research before choosing a wallet — before you choose your wallet, make sure you do some research. There are various Bitcoin wallets ranging from hardware to software, make sure you are familiar with their advantages and disadvantages first. For example, hardware wallets are popularly known for their safety and software for their speed.
- Keep your wallet passwords and keys safe — Bitcoin is prone to hacking. That’s why you need to keep your keys safe at all times. You can use a strong factor authentication technique to make sure your passwords are strong enough.
Conclusion
Knowing how to top up a Bitcoin account is a simple one that anyone can follow. Just make sure you are working with a reputable platform and that your account is safe. The rest will fall into place.