How to Buy Bitcoin on Shakepay App

Buying Bitcoin on the Shakepay app is a straightforward process designed for both beginners and experienced users. This guide will walk you through the entire procedure, including account setup, deposit methods, and the actual purchase of Bitcoin. Whether you're new to cryptocurrency or looking to expand your portfolio, following these steps will help you make your first Bitcoin purchase smoothly and securely.

1. Download and Install the Shakepay App

The first step is to download the Shakepay app from your device's app store. It's available for both iOS and Android. Once downloaded, open the app to begin the registration process.

2. Create an Account

To start using Shakepay, you'll need to create an account. Tap on the “Sign Up” button and provide the required information:

• Email Address: Enter a valid email address. This will be used for account verification and communication.
• Password: Choose a strong password. It should be a mix of letters, numbers, and special characters to ensure security.
• Phone Number: Input your phone number. Shakepay will send you a verification code to confirm it.

3. Verify Your Identity

To comply with regulatory requirements and ensure the security of your account, Shakepay requires you to verify your identity. Follow these steps:

• Upload Identification: You’ll be asked to upload a photo of your ID (passport, driver’s license, or other government-issued ID) and a selfie for identity verification.
• Address Verification: Provide a document that proves your address, such as a utility bill or bank statement.

4. Secure Your Account

Enabling two-factor authentication (2FA) is highly recommended. This adds an extra layer of security to your account. To set it up:

• Go to the account settings and select “Enable 2FA.”
• Follow the instructions to link your account with a 2FA app like Google Authenticator or Authy.

5. Deposit Funds

Before you can buy Bitcoin, you need to deposit funds into your Shakepay account. Shakepay supports several deposit methods:

• Bank Transfer: Link your bank account and transfer funds directly. This method may take a few days to process.
• Credit/Debit Card: You can use your credit or debit card for quicker deposits. Note that this method might involve higher fees.

To deposit funds:

• Go to the “Deposit” section in the app.
• Choose your preferred deposit method.
• Enter the amount you wish to deposit and follow the prompts to complete the transaction.

6. Buy Bitcoin

Once your funds are available in your Shakepay account, you’re ready to buy Bitcoin. Here’s how to do it:

• Navigate to the Buy/Sell Section: Open the app and go to the “Buy” section.
• Select Bitcoin: Choose Bitcoin from the list of available cryptocurrencies.
• Enter Amount: Specify the amount of Bitcoin you want to purchase. You can enter the amount in Bitcoin or the equivalent in your local currency.
• Review and Confirm: Check the details of your purchase. Ensure the amount and price are correct.
• Complete the Purchase: Tap on the “Buy” button to finalize the transaction. You may need to enter your password or complete additional security steps.

7. Monitor Your Investment

After purchasing Bitcoin, you can monitor your investment within the Shakepay app. Check the “Portfolio” section to view your Bitcoin balance, recent transactions, and price changes.

8. Withdraw Bitcoin

If you want to transfer your Bitcoin to an external wallet:

• Go to the “Withdraw” section.
• Enter your external Bitcoin wallet address and the amount you wish to withdraw.
• Confirm the withdrawal. Keep in mind that there may be withdrawal fees and processing times.

9. Stay Informed

To make the most of your Bitcoin investment, stay informed about market trends and news. Shakepay provides real-time updates and educational resources to help you understand the cryptocurrency market better.

Conclusion

Buying Bitcoin on the Shakepay app is a simple process that involves creating an account, verifying your identity, depositing funds, and making your purchase. By following these steps, you can start your journey into cryptocurrency with ease and confidence. Always remember to keep your account secure and stay updated on market developments.