How to quickly and easily open a free Bitcoin Account
Update: BVNK is now focussing on providing core banking infrastructure for digital assets and fiat to financial institutions directly, and are working closely with regulators and governments to help usher in new finance.
At BVNK we are always trying to make using cryptocurrencies as easy and as simple as possible. To help with this, we will be publishing a series of tutorial articles on how to get started with BVNK.
Tutorials
Opening a Bitcoin account on BVNK (this article)
Buying Bitcoin on BVNK
Buying Bitcoin with Mobile Money
Buying BVK Token on BVNK
How to send or receive Bitcoin
Signing up to BVNK
The first step is signing up to BVNK. To do so, visit our signup page here. You’ll be met with a page that looks like this:
Simply fill in your details, choose your location, choose a password and click on the “Sign Up” button on the bottom right hand corner.
Note: make sure that you choose the location from the drop down and ensure that your mobile number has your country code.
Once you’re signed up, you will receive an email to verify your account. Clicking on the link will confirm your account and take you to the login screen.
Opening your first Bitcoin Account
Once you have signed up to BVNK, you’re ready to enter the world of Bitcoin. To do this, you need to open a Bitcoin Account.
When you log in, click on the “Accounts” tab on the left hand side.
You’ll notice that we have already opened an account for you. This account will be in your local currency (the example is in South African Rand) or US dollar if your currency is not supported. You can load this account with money using any currency by sending it through bank transfer, MoneyGram or WesternUnion. The money in this account can be used to buy Bitcoin, BVK Token or other cryptocurrencies.
Note: due to regulatory restrictions, users cannot send fiat out of their accounts but can send Bitcoin to anyone.
To open a Bitcoin account, simply choose “Bitcoin” from the drop down menu and click “Open Account”. Your new Bitcoin account will be added to the account list just below your ‘normal money’ account.
Each account comes with a randomly generated name to make it easy for you to remember which account is which.
To buy Bitcoin or BVK Token, simply follow these instructions. Or if you would rather buy Bitcoin with Mobile Money, follow these instructions.
Bitcoin account details
In order to send Bitcoin to your new account, you will need to get your Bitcoin wallet address. This address is linked to your Bitcoin account and allows anyone using any Bitcoin wallet to send you Bitcoin.
Note: you get a new wallet address every time Bitcoin is received and confirmed to your account (when the ‘available balance’ and ‘balance’ changes to the new amount). The older wallet addresses still work, but we provide new ones each time so that you can be private if you choose.
Click on your Bitcoin account. This open up a view that will show all the transactions on that account, as well as the account information.
That wallet address can be given to anyone that wants to send you Bitcoin.
If you liked this article, please hit the ‘claps’ button or share it.
BVNK is API driven banking infrastructure for digital assets and fiat.
We enable banks to operate more like FinTechs by providing an agile platform with which to create and integrate modern finance.
Find out more here or to get in touch to find out how we can enable your bank to integrate innovation.
