It's 2022 and you've decided to get involved in the crypto industry and find out what the fuss is all about. You've made a smart choice, and we're pleased to welcome you. In this step-by-step guide, we'll be showing you an overview of how to perform the following tasks:
Investing in crypto can feel daunting at first, but once you've made your first purchase, transaction or sale, you'll see that using cryptocurrencies is simpler than what one might expect. Be sure to keep an eye on market prices, as volatility in the sector can go through waves, and educate yourself on the coins that you wish to purchase. Whether you're a trader / investor in the UK, EU, EEA or Australia, everyone can gain access to the crypto markets through the Tap mobile app.
In this article we're going to show you the ropes, guide you through the process and explain step-by-step how to gain the skills to successfully operate in the crypto space. Whether you've traded on traditional stock markets before or not, we're going to show in a simple and easy to digest manner, no previous trading experience is necessary.
The first and most important decision to make before buying cryptocurrencies is determining where to buy them from. With plenty of options available on the market and plenty more news stories about them, it's imperative that you select a trustworthy and reliable source.
Tap mobile app ticks these boxes, and proves so through being fully licensed and regulated by the Gibraltar Financial Services Commission. The platform has over 80,000 registered users ( at the time of writing, operates in 28 countries across the globe and has been nominated multiple times for PAY360 Awards (previously the Emerging Payments Awards).
In order to buy cryptocurrency through the Tap app, you will need to deposit funds. This can be done in both crypto and fiat currencies, however, we will focus on the fiat deposits today.
Now for the exciting part! It's time to buy digital currency. For the sake of this tutorial we're going to show you how to buy Bitcoin, however, the process is consistent across all cryptocurrencies.
Now that you're familiar with how to buy crypto, it's high time you learnt how to sell.
Completing the final process in this step-by-step guide, we're going to explain how to withdraw funds. You have a number of options here as the Tap app allows users to pay bills directly from the app using available funds. Alternatively, you can withdraw the funds to your own bank account.
On top of the simple and easy to use app, Tap also offers highly secure wallet solutions that are integrated into your account from set up. From the app, you can securely store and manage a wide range of cryptocurrencies from one convenient location.
Here are several frequently asked questions regarding Bitcoin, the first cryptocurrency to come into existence.
Bitcoin uses blockchain technology to maintain and operate the network. Instead of a bank or government entity in charge, the Bitcoin network operates by using a number of computers interconnected with one another through blockchain technology. All transactions are executed and stored on the blockchain, in a transparent, immutable manner that allows anyone, anywhere, at any time to observe.
Bitcoins enter circulation when transactions are confirmed. Say one person sends another person BTC, once the miner confirms and executes the transaction the miner will receive a reward for their efforts, in the form of newly minted Bitcoin. This is where new Bitcoins come from.
Bitcoin has for a long time been viewed as a risky asset, however, over the years it has proven to deliver impressive returns, not to mention the technology behind it changed the financial landscape as we knew it. However, one should never invest more than they're willing to lose.
You can buy Bitcoin and a number of other cryptocurrencies directly through the Tap mobile app. Simply create an account, complete the identity verification process and then you can start buying Bitcoin and other cryptocurrencies.
Users who wish to sell Bitcoin can also do so through the Tap mobile app. Simply select the cryptocurrency you would like to sell and confirm the order. You will need to have sufficient sums in the relevant wallet at the time of executing the sale.
While there are plenty of different types of Bitcoin wallets, users can gain access to a wide range of crypto wallets through the fast and secure Tap app.