IPTV providers face growing challenges due to the withdrawal of traditional payment methods like credit/debit cards and PayPal. This creates an ongoing struggle for both providers and customers, leading to service disruptions for some and widespread frustration.
With these traditional options disappearing, cryptocurrency is emerging as the only viable payment method for some providers. This trend may even accelerate, potentially leaving cryptocurrency as the sole payment option in the future.
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What is Cryptocurrency?
Cryptocurrency is digital money you can use online, without banks or governments involved. Bitcoin is the first and most well-known cryptocurrency, launched in 2008.
How to Buy Cryptocurrency
Multiple platforms allow you to buy cryptocurrency. Once purchased, your crypto resides in your digital wallet, much like money in your bank account. You can use your stored crypto to purchase goods and services, trade it for other cryptocurrencies, or simply hold it for future use. However, bear in mind that the value of cryptocurrencies can fluctuate significantly.
How to Buy Bitcoin (BTC)
- Create a free account on the Uphold website or app and verify your identity. Simply visit https://uphold.com/signup or scan the QR code below and enter your new account information. The process is free and easy.
- Choose your payment method and connect your Uphold wallet to your debit/credit card, bank account, or external crypto wallet.
- Buy BTC and store or trade your BTC on Uphold.
Once you’ve purchased BTC, you can:
- Store it on the secure Uphold wallet (accessible via mobile or desktop), or
- Trade it for other assets like crypto, stablecoins, and metals right from your Uphold wallet.
- Send it as payment for goods and services online, e.g. an IPTV subscription.
How to Buy BTC With a Credit or Debit Card
The quickest way to get started. Uphold supports both Visa and MasterCard.
- Tap Transact on your portfolio screen
- Tap ‘From’ and select ‘Credit or Debit cards’
- Tap + and enter your card details, choose your preferred currency and tap ‘Add card’
- Choose the amount you want to transact
- Tap ‘To’ and choose ‘BTC’
- Tap ‘Preview deposit’ to see how much you’re going to deposit
- If you’re happy with the transaction details tap ‘Confirm’ and buy BTC
How to Send Your BTC
- Tap Transact on your portfolio screen
- Tap ‘From’ and select ‘Bitcoin’
- Enter Bitcoin amount you want to send or tap ‘Expand’ and specify the amount
- Tap ‘To’ and select ‘Bitcoin’ under ‘Crypto networks’
- Tap ‘Bitcoin network’
- Tap ‘Preview withdraw’ and enter external Bitcoin wallet address
- Click on ‘QR icon’ which will open your camera
- Scan the QR code of your destination address
- Tap ‘Continue’
- Tap ‘Preview withdraw’ to check transaction details
- Tap ‘Confirm’
- Wait for the confirmation email.
Here’s how to buy BTC with a bank account using the Uphold mobile app
- Tap the ‘Transact’ button at the bottom of your screen
- Tap From, choose your bank account and enter the amount
- Tap To and choose the crypto
- You’ll find the bank routing information you need to send a deposit direct to the asset
- Use your regular banking app to send the relevant amount to Uphold
- The funds will be credited to the asset you want to buy in 2-3 days (e.g. Bitcoin)
Here’s how to buy BTC with a bank account using an Uphold web wallet
- At the right, at the Transact Panel click From
- Choose the bank account you want to use
- Click To and choose the crypto
- Select the asset you want to receive the funds. You’ll find the bank routing information.
- Use your regular banking app to send the relevant amount to Uphold
- The funds will be credited to the asset you want to buy in 2-3 days (e.g. Bitcoin)
Please note, the deposit occurs when the money is received by Uphold.
To link a bank account
- Tap Transact on your portfolio screen
- Tap ‘From’ and select ‘Bank’
- Tap + and select ‘US Dollar’ to add a US bank account
- We use Plaid Authentication to keep you and your bank secure – tap ‘Continue’
- Select your Bank and enter your bank credentials – tap ‘Submit’ then ‘Continue’
- Choose the account you want to link and tap ‘Add account’
- Choose the amount you want to transact
- Tap ‘To’ and choose ‘BTC’
- Tap ‘Preview deposit’ to see how much you’re going to deposit
- If you’re happy with the transaction details tap ‘Confirm’ and buy BTC
- Tap Transact on your portfolio screen
- Tap ‘From’ and select ‘Bank’
- Tap + and select ‘Euro’ to add an EU bank account
- Copy your Uphold account bank credentials in the following screen and go to your bank app
- Transfer any amount to your Uphold wallet
- Once we receive your transfer and verify your name, you can buy BTC
- Tap Transact on your portfolio screen
- Tap ‘From’ to and select ‘Bank’
- Tap + and select ‘Pound Sterling’ to add a UK bank account
- Copy your Uphold account bank credentials in the following screen and go to your bank app
- Transfer any amount to your Uphold wallet
- Once we receive your transfer and verify your name, you can buy BTC
- Start with just $1
- One of the easiest platforms to use
- Buy & sell over 250 crypto assets
- Enjoy 0% deposit and withdrawal fees
- Uphold are reserved 100% and NEVER lend out your money
- Place up to 50 advanced limit orders at once
- Manage your portfolio using their iOS, Android and web apps