Payment thru Crypto Currency

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Bitcoin Tutorial

Purchase Bitcoin directly using AUD (Australian Dollars)

Step 1: Set Up a Digital Wallet (Recommended)

Choose a Wallet: You need a wallet to store your Bitcoin. Popular options include:

• MetaMask (Browser extension or mobile app)
• Trust Wallet (Mobile app)
• MyEtherWallet (Web-based wallet)
• Ledger or Trezor (Hardware wallets for added security)

Install and Set Up: Download your chosen wallet, create an account, and secure your wallet
with a seed phrase.

Get Your Wallet Address: Once your wallet is set up, you will have a unique Bitcoin address
(starting with “1,” “3,” or “bc1”) to receive BTC.

Step 2: Choose an Australian Cryptocurrency Exchange

To buy Bitcoin using AUD, select an Australian exchange that allows you to purchase Bitcoin
directly with AUD. Here are some popular options:

• CoinSpot: User-friendly and widely used in Australia.
• Swyftx: Known for low fees and a simple interface.
• BTC Markets: Supports PayID and is suitable for Australian users.
• Digital Surge: Allows quick AUD deposits and is easy to use.

Step 3: Sign Up for an Exchange Account

Register: Go to the exchange’s website and sign up for an account.
Verify Your Identity: Complete any required identity verification (you may need to provide ID).
Deposit AUD: Once verified, you can deposit funds into your exchange account using:

• PayID
• BPAY
• Bank transfer (which may take longer)

Step 4: Buy Bitcoin

Go to the Buy Section: Once your account is funded, navigate to the buy/sell section of the
exchange.

Select Bitcoin (BTC): Choose Bitcoin from the list of cryptocurrencies available for purchase.

Enter the Amount: Input the amount of AUD you wish to spend or the amount of BTC you want
to buy.

Confirm the Purchase: Review the transaction details and confirm your purchase.

Step 5: Transfer Bitcoin to Your Wallet

After purchasing Bitcoin on the exchange, you may want to transfer it to your wallet:
Go to the Withdraw Section: In your exchange account, look for the withdrawal option.
Enter Your Wallet Address: Paste the Bitcoin address from your wallet.
Confirm the Transfer: Specify the amount of BTC you wish to send and confirm the withdrawal.

Step 6: Pay the Merchant

Get the Merchant’s Bitcoin Address: The website you’re purchasing from will provide a Bitcoin
address for payment.

Send Bitcoin from Your Wallet:
• Open your wallet and click on Send/Transfer.
• Enter the merchant’s Bitcoin address and the amount you need to pay.

Confirm the Transaction: Double-check the details and confirm the payment.

Step 7: Wait for Confirmation

Bitcoin transactions usually take a few minutes to process. You can track the status of your
payment using the transaction ID on a blockchain explorer to see when it is confirmed.

Purchase Bitcoin using PayPal

Step 1: Create a PayPal Account

• Sign up for a PayPal account if you don’t have one.
• Complete the verification process by linking your bank account or credit/debit card.

Step 2: Choose a Bitcoin Exchange that Accepts PayPal

• Select an exchange that allows you to buy Bitcoin using PayPal. Some options include:
• LocalBitcoins: Peer-to-peer platform where you can buy from sellers accepting PayPal.
• Paxful: Another peer-to-peer marketplace that supports PayPal payments.
• eToro: Offers Bitcoin trading and accepts PayPal for deposits.

Step 3: Sign Up for an Exchange Account

• Go to the exchange’s website and create an account.
• Verify your identity if required (may involve providing ID).

Step 4: Deposit Funds via PayPal

• Once your account is set up, go to the deposit section.
• Choose PayPal as your payment method and deposit the amount you want to spend.

Step 5: Buy Bitcoin

• Navigate to the buy/sell section of the exchange.
• Select Bitcoin (BTC) and enter the amount you want to purchase.
• Confirm the transaction details and complete the purchase.

Step 6: Transfer Bitcoin to Your Wallet (Optional)

• If desired, transfer your Bitcoin to a personal wallet for added security.
• Go to the withdrawal section, enter your wallet address, and confirm the transfer.

Step 7: Pay the Merchant
• Get the merchant’s Bitcoin address from the website you’re purchasing from.
• Send Bitcoin from your wallet by entering the merchant’s address and the payment
amount.
• Confirm the transaction details and finalize the payment.

Step 8: Wait for Confirmation
• Bitcoin transactions usually take a few minutes to process.
• You can track the payment status using the transaction ID on a blockchain explorer.