The Webmoney Bitcoin wallet has become a real godsend for many people, because such an investment in tokens guarantees reliable safety and the possibility of instant conversion. After all, there are a number of restrictions and unique opportunities that exclude any unplanned waste of funds. Before creating a wallet and using it, it is advisable to familiarize yourself with all the nuances, because WM developers have traditionally distinguished themselves in many respects.
How to create Bitcoin wallets for WebMoney
Creating a bitcoin wallet in webmoney is quite simple if you are already registered in the service. To do this, you just need to launch the keeper client and take 4 steps:
- on the top panel select the menu – wallets – create a new one;
- in the window that appears, select WMX and enter a name for it, which will be displayed only for you;
- accept the storage conditions by checking the appropriate box;
- We confirm that the wallet is ready, after which you can immediately start using it.
Now you can sell or buy Bitcoin via WebMoney inside your wallet. But at the moment there is still no link to the blockchain and bitcoins themselves, which is why this currency is so far only a branch of the dollar. Therefore, we take the following 2 steps:
- go to the website and click on the “operations” tab and the “replenishment” subsection;
- in the menu that opens you can see a list of available wallets, and the “Receive” button will be indicated next to the treasured WMX.
As a result, you will now be able to credit btc to webmoney immediately during the mining process or upon transfer from the exchange. This approach significantly simplifies activities and opens up enormous opportunities for future activities.
All this becomes possible only after receiving a formal certificate. Now all you need to do is send a scan of your passport (requirements sometimes change, and the administration may ask for a photo).
Purchasing Bitcoin through WMX from Webmoney: advantages and disadvantages
Purchasing Bitcoins through WebMoney and storing them in WMX is common not only among those who receive WebMoney. After all, this way of working with cryptocurrency has many advantages:
- Buying and selling Bitcoin is extremely simple. You purchase your native currency (for example, WMR or WMZ) using a bank card. And only then change the funds to the Webmoney Bitcoin wallet. The reverse scheme looks the other way around - you exchange Bitcoin for WMR or WMZ and withdraw funds to a bank card.
- The WM payment system is one of the oldest and most proven, it has rules and software that guarantee the safety of user funds. Funds on WebMoney in the WMX cryptocurrency asset are stored with the guarantor of the title unit, who has entered into an agreement with the system. Therefore, unlike a standard Bitcoin wallet on the blockchain, the user, in the event of an attempt to deceive by others or an erroneous transaction, can cancel the operation and return the money.
- The Bitcoin cryptocurrency from the Webmoney network is easy to withdraw, exchange and spend, for example, in stores that accept Webmoney.
disadvantages to using title units, and the main one is the significant difference in the buying and selling rates. In addition, within the system the Bitcoin exchange rate for Webmoney is often unfavorable . It should also be noted that this payment network does not provide anonymity.
Registration requires at least a Formal Attestation (this means providing user documents).
This certificate has limits, which may not be enough for you - accordingly, you will have to start obtaining higher certificates.
Also, many users note the difficulty of mastering and operating the system. To increase the limits, you need to read the relevant information for the most rational and safe use.
Bitcoin wallet and its features
Before you buy bitcoin webmoney, you will need to consider several nuances:
- Commission. It is not available only for WMX-WMX transactions, while for WMZ-WMX or WMR-WMX you will have to pay extra.
- Speed. Bitcoin deposits can take up to several days. This is especially true for transactions for which there is no commission, because... the service bitcoin.org is used for them.
- Sum. If you are working with amounts that are not multiples of 0.01 WMX (0.00001 btc), then the system may be a surprise. Using non-multiple numbers may result in transaction refusal or significant delays.
To find out about your activities in WebMoney at a specific address, you need to right-click on the wallet of interest and select “history” and “operations” in the drop-down menu. Thus, you can now monitor webmoney and be confident in the safety of your honestly earned funds.
Receiving bitcoins on WebMoney
There are several options for how to receive bitcoins for your wallet:
- Crypto wallet. Everything is simple here - a transfer is made to an address in the blockchain system, which can be used immediately after receipt.
- Between wallets. In this case, click on the WMX icon and indicate that you want to exchange WM. All that remains is to select the currency of interest for the transaction and you can transfer.
Both options are perfect for anyone interested in how to exchange rubles or other fiat money for crypto coins. If you are interested in alternative options on how to buy Bitcoin, then you will need to transfer money to special wallets, then convert them to exchanges there at the best rate. The procedure can often take quite a long time.
Possibility of buying Bitcoin for WebMoney
To transfer one money to another, most people no longer need to use exchangers, because the internal WM service allows you to complete the procedure quickly and without complications. But not everyone is satisfied with the conditions and the exchange rate, which is why exchanging webmoney for bitcoin is also possible in an alternative way through certified exchangers.
To do this, you need to open any of the major services, enter wallet data and amounts. Next, an SMS will be sent to your phone, after which you will be credited with the appropriate amount. The process may be slightly delayed if the service operates in semi-automatic or manual mode.
Advantages and disadvantages of buying cryptocurrency through Webmoney
WebMoney allows you to conveniently exchange bitcoins for rubles; you can easily exchange BTC WMX for different title units, and then withdraw the amount to a bank card. How to do this? You exchange Bitcoin, for example, for WMR and withdraw money to the card. And vice versa. Buy your native currency using a card and exchange funds for WebMoney Bitcoin.
You can also pay for goods in various online stores using WebMoney. The security of the system’s wallet is also very important. Here its level is significantly higher than in other wallets that allow you to store BTC.
Buying Bitcoin through WebMoney and storing “digital gold” on WMX has the following advantages:
- You can determine the amount of commission for miners yourself.
- No intermediaries. You only pay to the service (for depositing and withdrawing funds).
- It is possible to buy Bitcoin coins at a favorable rate. You choose the prices.
- BTC purchased with WebMoney are delivered instantly, without delay.
- Buy without risk. You do not need to look for illegal exchangers, or purchase cryptocurrency based on an ad.
- Easy buying/selling Bitcoin.
- Fast withdrawal and exchange of Bitcoin.
Disadvantages of buying BTC for WebMoney:
- The price of purchasing Bitcoin depends on the user’s ability to place orders. And in order to convert cryptocurrencies into dollars at a favorable rate, it is important to be able to wait (for the best BTC rate).
- Are you thinking about how to transfer bitcoins to WebMoney anonymously? This is impossible here. Your details and passport details will appear.
Advantages and disadvantages of buying Btc on WM
Before you make a purchase of WMX, you need to examine all the potential advantages and disadvantages that the system offers. The advantages of WebMoney include the traditional advantages of old payment systems:
- you can almost instantly convert bitcoins to dollars;
- convenient work in the built-in exchanger, which allows you to interrupt the transaction in progress (if there is not a conversion, but a transfer of money to another person, then double confirmation of your action will be required);
- simple and convenient withdrawal of bitcoins through the use of just one client;
- high degree of protection due to bureaucracy.
If you haven’t bought local cue balls yet, then it’s better to study the important disadvantages, which are also abundant here:
- the administration sets a fairly large difference between the buying and selling rates, which makes it almost impossible to play on the rate (only under the condition of long-term storage with the expectation of growth);
- complete lack of anonymity (moreover, it is always known who the owner of the account is, full name and, if necessary, even residential address);
- a formal certificate is required to purchase and use WMX, and in the light version (working on the site without a client) there are significant restrictions on purchases per day, week and month;
- high difficulty for beginners to master due to bureaucratic procedures, followed by new bureaucratic procedures confirmed by entering passwords and paid SMS.
More experienced users practically do not pay attention to this inconvenience, successfully using all the benefits of the cue ball.
Advantages and disadvantages of WMX wallet
When a user thinks about creating a Bitcoin wallet in the WebMoney system, the first question that interests him is whether it is profitable? From a convenience point of view, absolutely. But if we talk about commissions, then they are, of course, not the smallest.
First, let's take a closer look at the advantages of WMX.:
- Using WebMoney, buying bitcoins is very simple: just top up your ruble wallet (WMR) and exchange rubles for WMX. There are a lot of ways to top up: from a terminal in a grocery store to a regular bank card. There is no need to make many transactions and look for exchange options - everything can be done directly in your WebMoney account.
- The system allows you not only to easily buy, but also sell bitcoins. They can be exchanged for cash, transferred to a card, exchanged for other currencies (for example, WMZ or WMR) or paid with them in stores that accept WebMoney.
- The guarantor, or custodian, is fully responsible for the bitcoins provided to him, and this is an additional plus for security. In addition, it provides the ability to cancel transactions. Such a need, for example, may arise due to fraud on the part of the seller of goods or services to whom you transferred cryptocurrency.
WebMoney loan - how to get it?
If we talk about the disadvantages, we can note the following:
- It is convenient to use bitcoins in WebMoney, but exchanging them within this very system is extremely unprofitable. If you have ever exchanged dollars or other currencies for rubles, you may have already noticed that WebMoney sets a high rate when buying a currency and a low rate when selling it. Same thing with WMX. There is an exchange where you can sell or buy webmoney cryptocurrency more profitably, but to do this you will have to create an application and, perhaps, wait a while.
- In addition to the difference in rates, you will have to pay the internal WebMoney commission when making transactions.
- You can forget about anonymity. As mentioned earlier, to obtain a WMX wallet, a certificate of at least formal is required. This means uploading documents and confirming your identity. In this case, it will no longer be possible to use money anonymously.
- With a formal certificate, you can’t really get away with transactions with Bitcoin - there are limits on the maximum balance and purchase. In this case, it is unlikely that WebMoney can be used as a means of accumulation. And in order to obtain a higher level certificate, you will have to tinker with documents or even pay for it.
In addition, Webmoney has many other disadvantages.
Summarizing
The Webmoney company was able to successfully combine traditional electronic money with cryptocurrency in its service. The integrated bitcoin wallet is highly secure, and access to it can be restored independently or with the help of a support service, which is completely excluded in a conventional blockchain system.
Among the disadvantages of such a solution, the first place is occupied by the refusal of anonymity when making transactions. This allows the relevant government organizations to become interested in the movement of your financial assets with all the ensuing consequences.
Most specialists involved in cryptocurrencies for a long time and confidently are initially against this approach, because the entire essence of the crypt is destroyed. But for beginners and less advanced users there is no better option.
How to link a Bitcoin wallet to a Webmoney wallet?
Making successful transfers requires linking your bitcoin wallet to your Webmoney account. This is a guarantee of safety.
What needs to be done to create a WMX wallet?
- Open keeper.
- Select the "Wallets" section.
- Click on the “Create New” button and select the wallet type.
- The Bitcoin wallet needs to be given a name.
After creation, go to the “Replenishment of WMX wallets” section, enter the password, captcha, code received via SMS and the system will automatically redirect to the page where you will see the new linked wallet. Near it you will see the “Address for replenishment” and the “Receive” button. If you click on it, the resource will automatically create a Bitcoin wallet address from which you can transfer funds. This is how you can open and link accounts of these two systems (video author – Edward Teach).
See the same topic: Creating a WMR wallet
