Bitcoin, as the first and most famous digital currency in the world, is still at the top of the popularity and attention of investors. Buying Bitcoin remains a challenge for many traders, especially if they are new to the world of digital currencies. For this purpose, in this article, we comprehensively answer questions such as what is Bitcoin and why is it important for traders and How to buy bitcoins? We will answer and talk exclusively about how to buy bitcoins in SafePal, one of the popular and secure wallets. Providing a user-friendly and secure platform, SafePal allows users to easily buy and sell various digital currencies.
What is Bitcoin and why is it popular among traders?
Bitcoin is a decentralized digital currency that was created in 2009 by an unknown person or group with the pseudonym Satoshi Nakamoto. This currency is based on blockchain technology, which is a distributed and secure ledger for recording transactions.
Bitcoin has many positive features that have made it very popular among traders. The first issue is that BTC is the world’s first decentralized cryptocurrency that is not controlled by any central or government entity. Transactions of this cryptocurrency are done peer-to-peer. Therefore, users can make their transactions anonymously. Of course, all transactions are recorded in the public blockchain, but the real identity of users is not revealed.
Another feature that makes Bitcoin valuable is its limited supply, which is limited to 21 million units. This feature allows BTC to be considered an asset to store value over time.
Bitcoin has had a lot of price fluctuations over the past years and has experienced a significant increase in its value on many occasions. This feature is attractive to traders.
As mentioned, given that Bitcoin does not require a bank account or special documents, people around the world can easily access and trade it.
Also, with the passage of time, the acceptance of Bitcoin as a means of payment and investment has increased, and this has increased the trust and interest of traders in it.
These factors have made bitcoin one of the most important and popular digital currencies in the market and many traders are interested in buying and selling it.
How to buy bitcoin?
Buying Bitcoin has several steps, which generally include choosing a digital wallet, registering in a valid exchange and making a transaction. The first step is to choose and create a digital wallet or Vault because you need a digital wallet first to store your bitcoins. Bitcoin wallets are divided into two main categories: hardware and software.
Software wallets are computer programs or mobile apps that you can install on your device. Some popular software wallets include Exodus, Electrum, Mycelium, Trust Wallet, and Safepal.
Hardware wallets are also physical devices that store bitcoins offline and are more secure. Some popular hardware wallets include Ledger Nano S/X, Ledger Nano S, and Trezor.
After choosing a wallet, you need to register with a cryptocurrency exchange. Exchanges are platforms that allow you to buy and sell bitcoins. To register, you usually need to provide personal information and authentication. Some of the reliable exchanges are: Coinbase, Kraken, Binance, and if you intend to buy and sell Bitcoin in Iran, Ompfinex digital currency exchange is one of the best options. will be
After registering and authenticating in the exchange, you need to top up your account. Most exchanges allow you to top up your account via bank transfer, credit card or other payment methods.
For example, in OMP Phoenix, after logging in to your user account, you can buy and sell bitcoin instantly in the trading section and from the quick transaction section. You can also select the “transaction” option in the trading section and then select one of the 5 available ordering methods such as limit order, market, oco, etc. to determine the entry or purchase point. Finally, transfer the purchased bitcoins to your wallet.
As mentioned, after buying Bitcoin, it is best to transfer it to your personal wallet for extra security. To do this, you need to copy your bitcoin wallet address from the digital wallet and then, log into your exchange account and go to the withdrawal section. In the next step, enter your wallet address and the amount of bitcoins you want to transfer and confirm the transaction.
Now that we talked about how to buy bitcoins and choosing a wallet, which is the first step of buying bitcoins, it is interesting to know that some wallets directly allow users to buy bitcoins, one of which is Vault Safe Pal or Safe Pal ( Safepal). In the rest of the article, we will give an explanation about this wallet, and then we will provide a tutorial on how to buy bitcoins in Safe Paul wallet.
What is Safe Bridge and what is its use?
SafePal is a wallet with a hardware and software version for managing digital currencies provided by SafePal Ltd. Due to its high security, easy user interface and support for more than 10,000 different digital currencies, this wallet has become very popular among digital currency users. As mentioned earlier, Safe Bridge is available in two forms, software and hardware, each of which has its own characteristics.
SafePul uses advanced security methods such as two-factor authentication (2FA) and offline signature to protect users’ assets from threats. This wallet supports over 10,000 different cryptocurrencies and tokens, including Bitcoin, Ethereum, Binance Coin, and many others. It also allows users to easily integrate with various exchanges such as Binance and transact directly through the wallet.
Since the software Volt is publicly available, we’ll show you how to use the software version below. To start using Safe Bridge, you must first download and install its application on your mobile device. The app is available for iOS and Android and can be downloaded from the App Store or Google Play. In the second step, you need to create a new user account or log in if you already have one. Select the “Create a New Wallet” option. Choose a name for your wallet and set a strong password for your wallet and confirm it.
After creating the wallet, the program will give you a recovery phrase of 12 or 24 words. Save this phrase in a safe place as it will be the only way to recover your wallet if you lose access to the device. Next, the program will ask you to enter some words of this phrase for confirmation.
If you have already created an account, you can easily login. You can directly use the Swap in Wallet service to convert your cryptocurrencies to Bitcoin in the SafePal wallet. For this, just select the fourth option from the toolbar at the bottom of the page, which is in the form of two opposite arrows. Then, you have two choices; Use of swap or exchange. In the Swap section, you can convert your other cryptocurrencies to Bitcoin or vice versa. In this service, it is not necessary that the networks of the two selected cryptocurrencies are the same because this service is considered a cross-chain product of the Safe Pal wallet, and there is no need to use the same blockchains. Interestingly, Safe Paul does not charge any fees from its users for this service.
Using the Exchange feature is another way to buy bitcoins in Safe Pal, this option is a unique and widely used feature for Iranians because they can make transactions directly from their Safe Pal wallet in the Binance exchange without authentication. give
In general, to get a cryptocurrency, it is enough to choose the digital currency you want and copy its public address and share it with others. Also, to send a digital currency, you can click on the desired currency and select the send option to send the transaction.
To deposit digital currency, select the “Receive” option on the main page of Safe Paul. Now you have to choose the digital currency you want to deposit, for example USDT. Copy the displayed wallet address and use it to transfer cryptocurrency from another wallet or exchange.
Some exchanges connected to SafePal also allow you to buy digital currency using fiat currencies such as US dollars.
Now, after providing the necessary funds in the wallet, you can buy bitcoins. Select “Buy” option on the main page of the Safe Paul application. Select Bitcoin (BTC) from the list of digital currencies. SafePal allows you to buy bitcoins through different exchanges. After choosing the exchange, enter the amount of bitcoins you want to buy. You can enter the amount based on Bitcoin or its USD equivalent. Check the current Bitcoin price and transaction fees.
After confirming the purchase information, select the “Buy” option and confirm your transaction and wait for the bitcoins to be deposited into your wallet.
After buying Bitcoin, you can check and manage your holdings. For example, on the home page of the SafePal app, you can view your balance of Bitcoin and other digital currencies. You can view and review your transaction history. This includes deposit, withdrawal and purchase and sale transactions.
Note that the Recovery Phrase is the most important security part of your wallet. Keep it in a safe place out of the reach of others. Never save this phrase on your computer or devices connected to the Internet. Also, two-factor authentication (2FA) is one of the most important security features you should enable for your account. This feature helps you protect your account from attacks.
Always update the SafePul app to the latest version to get the latest security features and improvements. Safe Paul has provided many educational resources for its users so that they can easily use the features of this wallet. These resources include video tutorials, articles, and step-by-step guides. Also, if you encounter any problem at any stage of the process of buying bitcoins or managing your wallet, you can contact SafePal support.
In general, buying bitcoins on SafePal is a simple and safe process that you can easily buy bitcoins by following the steps explained in this article.
Safe bridge is suitable for storing which cryptocurrencies?
SafePal supports a wide range of digital currencies. This wallet has attracted the attention of users due to its high security and the various features it offers. SafePay supports major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE) and Ethereum-based ERC20 tokens, including thousands of different tokens from These include Tether (USDT), ChinaLink (LINK), UniSwap (UNI) and USDC.
Also, SafePal supports all BEP20 tokens including Binance Coin (BNB) and PancakeSwap (CAKE). Of course, this Volt also covers a wide range of other cryptocurrencies such as Polkadata (DOT), Cardano (ADA), Tron (TRX), Avalanche (AVAX) and Solana (SOL).
Is Saif Pal wallet custodial or non-custodial?
First, you should know that custodial and non-custodial wallets are the two main types of digital currency wallets that have fundamental differences in the way users’ private keys are managed and maintained. These differences can have a great impact on the user’s security and control over their digital assets.
In a custodial wallet, another person or organization maintains and manages the private keys instead of the user. These types of wallets are usually offered by exchanges and financial service platforms.
In this type of wallets, asset management is done by a third party, and the user does not need to keep private keys, therefore, the responsibility for security rests with the service provider.
This type of Volts is easier to use for novice users as it requires less technical knowledge. If the password is forgotten, users can access their assets through the service provider. Of course, since private keys are held by a third party, users’ assets are at risk if this provider is hacked or breached.
In contrast, in a non-custodial wallet, the user himself is responsible for maintaining and managing private keys. These types of wallets give the user complete control over their assets.
Since the private keys are only available to the user, there is no risk of hacking or violation by a third party. In using these types of wallets, users must be familiar with how to maintain and manage private keys and take responsibility for the security of their assets. Also, if private keys are lost or forgotten, access to assets is completely lost.
In general, the main difference between these types of vaults is in the type of private key management. In a custodial wallet, the private keys are kept by a third party, but in a non-custodial wallet, the private keys are kept by the user himself.
In a custodial wallet, you have less control over the assets, but in a non-custodial wallet, you will have full control over the assets.
In terms of security, the custodial wallet is dependent on the security of the service provider and there is a risk of being hacked, but in the non-custodial wallet, the security depends on the user and if security tips are followed, the risk is less.
In general, choosing between a custodial and non-custodial wallet depends on the user’s needs and experience level. If full control over your assets and greater security are important to you and you have the technical know-how, a non-custodial wallet is a better option. But if you’re looking for ease of use and don’t mind trusting a third party, a custodial wallet can be a good fit.
SafePal wallet is a non-custodial wallet. This means that private keys are maintained and managed by the user himself and not by a third party person or organization. SafePal users have full control over their digital assets and are responsible for the security of these keys.
SafePal is offered as both hardware and software wallets, both of which are non-custodial. This feature makes SafePal a suitable option for users who are looking for security and full control over their digital assets.
Mandatory authentication to use Binance in Safe Pal wallet
According to the strictures imposed by the Binance exchange, the official website of Safepal also announced in an announcement that the authentication of users in the Binance program of the Safepal wallet has become mandatory.
Following the mandatory authentication in the Binance exchange since September 1400, one of the remaining solutions for users in the Binance transaction scene was to use Deep Binance in the SafePal wallet. Doing crypto transactions in Binance DAPP is completely similar to working in Binance Exchange, and users could do their transactions directly in Binance Exchange without being involved in the authentication process. But Seifpol announced after some time that it is impossible for Iranians to use this service.
Saif Paul wrote in his latest article about the use of this feature: According to the latest terms of service of Binance, in order to provide a safe environment for everyone and protect users, authentication has been made mandatory in this exchange. In this way, all new users must perform intermediate level authentication to access the Binance trade section in the Safe Pool wallet and use various services such as deposit, withdrawal and transactions. Of course, these changes have only been applied to the Binance Trade DApp related to the Safe Paul wallet, and there will be no change in other decentralized services of this wallet, including receiving and sending cryptocurrency, swaps, bridges, earning money, Dapps, etc.
It is worth noting that intermediate level authentication in Binance exchange requires special documents and conditions that Iranian users will be stopped at the very first stage because you have to select your country in the first place, but the name of Iran is not in the list of authorized countries in Binance exchange.
Also, to verify your identity in this exchange, you must present an ID card, driver’s license, or passport, which must not be issued by the country of Iran.
The next step is to provide the photo of the above documents and also finally you have to do the face verification step. At this stage, you must take a live video of your face using your computer camera or your mobile phone’s selfie camera in the Binance exchange application and complete the face verification process until the end. According to the mentioned cases, it is clear that all paths for authentication of Iranian users are closed and you cannot go through these authentication steps using your Iranian identity and documents. Therefore, according to the changes made by the SafePul wallet, the transaction using the Binance dapp cannot be done in the SafePul wallet.
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