How to transfer Bitcoin to FXOpen’s trading account?

To fund your account with Bitcoin:

1. Select Deposit → Bitcoin in the My FXOpen Personal Account.

Where
Select the account you want to fund.
Currency
For eWallet, select a currency pocket.

Click Next.

2. Log into your Bitcoin wallet (desktop, mobile or internet wallet). Send the payment to the Bitcoin address generated in your My FXOpen Account or scan the QR code with your mobile device camera.

3. The funds will be credited to your FXOpen account after the transaction has received a sufficient number of confirmations on the Bitcoin network.

If you have made a deposit with Bitcoin but the funds have not been credited to your FXOpen account, please use the payment notification form.

Select Deposit → Bitcoin in your My FXOpen Account and click the payment notification link.

Fill out the notification form and click Notify.

Make sure you entered the correct transaction number in the “Payment Number” field and not the Bitcoin address.

To do this, open your Bitcoin wallet, and in the list of transactions find the payment sent to the FXOpen address.

Click the eWallet number on the left side of the My FXOpen Personal Account.

The status of the operation is shown on the “History” tab.

Transfer Bitcoin to FXOpen

What is Bitcoin?

Bitcoin is a form of digital currency that provides the ability to make payments through a peer-to-peer network. Bitcoin protocol and software are completely open-source.

One of the main concepts behind cryptocurrencies is the publicly available blockchain distributed ledger (blockchain of transactions). Transactions are sent using public and private keys and are recorded in the user’s transaction log. The very concept of a cryptocurrency implies its decentralization, i.e. independence from the central regulator. Transactions in the Bitcoin system are irreversible. Thus, confirmed transactions are non-refundable.

Bitcoin has a relatively limited scope and is not as widely recognized as fiat currencies, although more and more companies have recently been willing to accept payments in BTC. Bitcoin is protected from inflationary risks, which is especially true in countries with unstable monetary systems. It has a greater degree of privacy than traditional payment systems, allowing users to completely prevent access to their personal financial information.

In Bitcoin is not set official price is determined by supply and demand law. The supply can be considered constant (21 million coins), while the demand is constantly growing.

Bitcoin is also a convenient way to make payments. Payments in BTC can be sent to any country in the world via a desktop or mobile app if you have an internet connection. One of the main advantages of cryptocurrency is that a Bitcoin wallet cannot be physically stolen without physical access to the user’s device or computer.

Many features of Bitcoin have yet to be developed, but the growing popularity of the currency has long proven its great innovative potential.

Benefits of using Bitcoin:

  • No intermediaries or centralized financial institutions are needed to confirm a transaction.
  • Thanks to blockchain technology, all transactions are public and can be verified by any member of the network.
  • The currency is open source.
  • In order not to worry about the safety of your funds, the Bitcoin wallet can be encrypted and backed up.
  • The technology provides relatively fast transfers of funds available 24/7.
  • No commission is charged for operations in the system.
  • With proper security rules, the loss or theft of a Bitcoin wallet is unlikely.
How to open Forex account with FXOpen?

Open FXOpen’s Account