Previously, money only existed in a physical form, used to exchange goods and services and to hold value over time. Important examples of this type of money include precious metals, like gold and silver, or paper currency.

However, money has gradually evolved into a digital form, allowing value to be transferred and preserved through networks such as those used by credit cards or online banking. Today, a new class of entirely digital assets, cryptocurrencies, has emerged, fulfilling many functions of money while solving some past issues through blockchain technology. One application that allows you to trade cryptocurrencies is Hapi.

This platform is evolving to offer more and more crypto-related services. In this Hapi article, we’ll show you how easy it is to use our new feature to fund your cryptocurrency account with Hapi.

How to Fund Your Account with Cryptocurrencies on Hapi

1. Open your preferred wallet.
2. Select the cryptocurrency you want to transfer. For example, we’ll use Bitcoin (BTC).
3. When you see the option to send, enter the wallet address (previously copied from the Hapi app).
4. You’ll also need to enter the network and the amount you want to send.

To find the amount to send, go to the transfers section in your Hapi app and select transfer cryptocurrencies. Once there, choose BTC to get all relevant details: the wallet address and the network, which in this case is Bitcoin.

1. For a smoother process, copy the address and paste it into the wallet from which you want to transfer your crypto.
2. Once all the information is entered, send the desired amount.
3. The wallet will ask you to verify the transaction with a short questionnaire. Additionally, you’ll need to enter a verification code sent to your phone number and email.
4. That’s it! You’ll have all your crypto in Hapi just like that.

Watch a tutorial here

The 3 Cryptocurrencies You Can Transfer to Your Hapi Account

Bitcoin (BTC)

Bitcoin has always been the leading cryptocurrency in the market. Instead of relying on a central bank to control the money supply and validate transactions through intermediaries like large banks, the Bitcoin blockchain operates as a public ledger of all Bitcoin transfers since its creation.

Bitcoin was developed by Satoshi Nakamoto following the 2009 Financial Crisis. It introduced blockchain technology to facilitate decentralized payments faster and at a lower cost than traditional methods. To date, around 19 million Bitcoin have been mined, with a cap of 21 million.

Litecoin (LTC)

Litecoin is one of the earliest altcoins, launched in October 2011. Inspired by Bitcoin’s programming, it has certain modifications allowing it to process transactions at a lower cost and higher speed (4 times faster). Scrypt, the algorithm Litecoin uses, is an alternative to Bitcoin’s proof-of-work that provides numerous advantages. Like BTC, it has a mining limit set at 84 million Litecoins.

Bitcoin Cash (BCH)

Bitcoin Cash, an altcoin and “hard fork” of Bitcoin, was created in 2017. A fork occurs whenever a community makes a change to a cryptocurrency's blockchain protocol or set of rules. Like Bitcoin, it has a limited supply of 21 million BCH. However, Bitcoin Cash differs in that its blocks are smaller, enabling faster transactions at lower costs. The downside is that this protocol provides less security than Bitcoin.

Can You Transfer Cryptocurrencies to Hapi and Sell Them Within the App to Invest in Other Assets?

With Hapi’s app, you can transfer cryptocurrencies into your account and keep them in your portfolio. Thanks to this new cryptocurrency transfer feature, they can also be used as a funding method for your account. This reduces costs and allows you to sell these cryptocurrencies within the app to use the cash from the sale to invest in other assets like stocks or ETFs.

Can You Transfer Cryptocurrencies from Hapi to Another Wallet or Exchange?

This option is temporarily deactivated for a few weeks to finalize some security processes. It’s expected that Hapi will enable this functionality soon!

Start Trading Cryptocurrencies and Fund Your Account with Hapi

With the Hapi app, you can buy and sell cryptocurrencies 24/7. This investment app offers over 30 crypto options, including Bitcoin (BTC), Ethereum (ETH), Shiba Inu (SHIB), Dogecoin (DOGE), and more.

Hapi is one of the few platforms designed for the LATAM market that lets you invest in stocks, ETFs, and more than forty cryptocurrencies (including Bitcoin, Ethereum, Dogecoin, Shiba, Cardano, and many more) all from a single portfolio.

As you know, this app is rapidly evolving to offer more features every day. A prime example is the ability to transfer cryptocurrencies from other wallets. Not only can you trade crypto, but you can also buy and sell stocks commission-free and instantly. Don’t wait any longer; start your portfolio today!

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