What is BTC?

BTC is the abbreviation for bitcoin.

What is bitcoin?

Briefly put - it is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.

BTC is quickly becoming widely accepted around the world; making it accessible by anyone who wants to buy, use, send and sell any of it. With that said, YES! you can use BTC to fund your IPC account. 

The rest of this article is assuming you already own or have purchased some BTC from a crypto provider and you are ready to move it over to fund your IPC account. If you do not own BTC or have not purchased any BTC, then you will need to do that first before you can proceed funding your IPC account via your BTC Wallet Address.

To access your details click on the BTC option, as shown in the image below.

Demonstration: IPC > Transaction > Funding > BTC

What will you need from this page to get your funds from your crypto provider into your IPC account?  

You will  collect the BTC WALLET ADDRESS because you will need to provide it to your crypto provider so they know where to send your funds. (The image below highlights the area you should focus on.)

Demonstration: IPC > Transaction > Funding > BTC [wallet address]

The BTC Wallet Address is displayed to you two ways but they are both one in the same. Look at the highlighted area BTC WALLET ADDRESS in the image above. Just below that title you will see what is called a QR code and under that is a typed-out address.  Both QR code and typed-out address are the same. 

You only need to decide how you want to collect your BTC WALLET ADDRESS:  

  • With the QR code you can use your camera via your device to scan the code and it will display the (same) typed-out address so that you can "copy it" and prepare yourself to paste it into your crypto provider website / app.
  • With the typed-out address you can highlight it and then select to "copy it" so that you can prepare yourself to paste it into your crypto provider website / app.

It's really a matter of personal preference on how you want to do it.

Essentially, you will give (paste) your BTC Wallet Address to your crypto provider so that they know where to send your BTC funds.

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