How To Deposit Using Bitcoin
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Take these steps to deposit Bitcoin to your NiceHash wallet: STEP 1: Login to your NiceHash account. STEP 2: Click the Wallet tab. STEP 3: Click the Deposit button. STEP 4: Click “SHOW (BTC) ADDRESS” button. STEP 5: In this step, you have to open your own Bitcoin wallet. Alternative To Bitcoin Sports Betting – Ethereum Sports Gambling Using Bitcoin For Online Gambling. Bitcoin is convenient and cost-effective for anyone looking to send payments anywhere in the world but is particularly valuable for U.S. Residents where depositing and withdrawing with traditional currencies can be a lot slower and more expensive. Cash Support Deposit Bitcoin. To deposit Bitcoin into your Cash App: Tap the Banking tab on your Cash App home screen. Press Deposit Bitcoin. Scan, copy, or share your Cash App Bitcoin address with an external wallet. Confirm with your PIN or Touch ID.
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Do you want to fund your Olymp Trade account using bitcoin?
Do you know how to do it?
You don’t?
Hold it right there.
In today’s post, we show you how to fund your Olymp Trade account from any part of the world using bitcoin.
To make the process a success you only need two things.
- A bitcoin wallet (Register Here).
- And an Olymp Trade account.
You can then transfer funds from your bank card/mpesa to your bitcoin wallet then use the wallet to fund Olymp Trade.
If you don’t have a bitcoin wallet, follow the steps outlined below to create one.
How to Create a Bitcoin Account With Bitcoin Wallet.
- Go to the bitcoin wallet website – bitcoinwallet.com.
- Click on the create account button on the website menu bar.
- Enter your email address and password.
- Confirm your password.
- Check the terms button and the reCaptcha button then click next.
- Enter your desired username then click next.
- Check your email address to verify your new account.
- Once verified, log in to buy bitcoin and to fund your Olymp Trade account.
How to Buy Bitcoin With Mpesa.
- Click on the buy/sell button on your dashboard.
- Sign up for a local bitcoin account to access other buyers and sellers.
- Enter the amount you’d like to buy and search all online offers.
- You will see all the sellers and their payment – choose your most convenient payment method and buy.
- After filling in all the info and clicking on the buy button, you will be redirected to send trade request page. Click on the button to complete the transaction.
Note, the payment window is one hour.
Deposit to Olymp Trade Using Bitcoin.
Olymp Trade accepts payments from various bitcoin services including Bitcoin Core, Bitcoin Knots, mSigna, Breadwallet, Bither, Green Bits, Coin.space, Copay, Airbitz, Mycelium, and BitGo.
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In other words, if you have an account with either of these companies then there is no need of creating another with Bitcoin wallet.
If you are new to this then I hope you have followed the guide above and even funded your bitcoin account.
Now let’s show you how to deposit money to Olymp Trade via bitcoin.
- Login to your Olymp Trade account or create one here if you aren’t already registered.
- Click on the make a deposit button on the platform.
- Choose deposit to a real account.
- Select bitcoin.
- Enter the amount to deposit
- Confirm your contact email and click pay.
- You will receive this message –Please send (amount) to this address or click QR code (payment must be in one transaction) example
- Pay within 2 hours to receive your funds in Olymp Trade.
How to Pay Bitcoin to Olymp Trade.
- Login to your bitcoin wallet to see the dashboard.
- Enter the address given by Olymp Trade – example – (1DfNTmXvDR5ttpcuNPdixijbDyMVCz7wax); enter the amount you need to send e.g ($100) and click the send button.
Updated – 08/30/2019 – Because most banks are now rejecting Olymp Trade deposits, you can use this method to fund your account. It is easy, fast and convenient.
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As of July 26th, 2019 you can now send Bitcoin (BTC) to your Cash App account.
Here is a step by step guide on how to send Bitcoin To Cash App
To deposit bitcoin into your Cash App:
- Tap the profile icon on your Cash App home screen
- Select Bitcoin
- Press Deposit and follow the steps to view your Cash App bitcoin address
- Scan, copy, or share your Cash App bitcoin address with an external wallet
- Confirm the transfer
Bitcoin withdrawals and deposits must be enabled to get started. You can deposit up to $10,000 worth of bitcoin in any 7-day period. Depending on network activity, it can take hours before transfers into or out of your Cash App are confirmed on the blockchain.
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The United States passed into law its Anti-Money Laundering Act of 2020, which takes effect on January 1, 2021. This brings digital currency exchange companies and other digital-asset-related businesses under the scope of regulations of the Bank Secrecy Act (BSA), which requires financial institutions “to actively detect, monitor and report potential money laundering activity.”
“I’m pleased that our anti-money laundering legislation was included as a part of this year’s [National Defense Authorization Act]. This bipartisan legislation protects Americans by depriving criminals and terrorists of the tools they use to finance illicit activity. It is the first serious overhaul of our anti-money laundering system in decades, and it makes sense to include it in the biggest, most important national defense legislation Congress passes each year,” South Dakota Sen. Mike Rounds said in a press release.
The massive anti-money laundering reforms are targeting businesses dealing with digital currencies and assets by clearly specifying the definition of a “financial institution” to “‘a business engaged in the exchange of currency, funds, or value that substitutes for currency or funds” and “a licensed sender of money or any other person who engages as a business in the transmission of funds or value that substitutes for currency.”
The reforms further define a “money transmitting business” to include those who deal with “currency, funds, or value that substitutes for currency.” Now, there are no longer loopholes that digital asset companies can use when dealing with the Financial Crimes Enforcement Network (FinCEN), the agency that enforces the BSA.
Stricter Penalties Enforced
Bitcoin Deposit Address
Aside from updating definitions to ensure that digital currency exchange firms and others dealing in digital assets are clearly within the scope of the AML Act of 2020 and the BSA, stricter penalties are now being enforced for crypto criminals.
Now, those who have been found guilty of violating the AML Act of 2020 and/or BSA are faced with fines amounting to profits earned while committing the violation and possible jail time. Those guilty of an “egregious” breach are also going to be banned from taking a board member position of any financial institution in the country for 10 years. Furthermore, employees of financial institutions who commit these crimes will be obligated to return to their employer all bonuses received during the time the act was committed.
FinCEN is being given additional resources, like increasing its manpower, to ensure the enforcement of these reforms. This will further safeguard investors against crypto crimes and nail down digital currency exchange firms and other digital-asset-related businesses that do not comply with BSA regulations.
Less than two months into 2021, the price of bitcoin has risen 95.4%.
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Charles Hoskinson has always been a huge advocate for decentralized finance and building a network that could provide solutions to the problems with our current financial and banking systems. In this recent AMA Charles speaks out on his view about the issues that Bitcoin faces as well as reminding everyone that cryptocurrency isn’t all about taking profits.