How to deposit Bitcoin into MobyTrader
Do you want to know how to deposit Bitcoin into MobyTrader? Just watch this video or follow the step by step instructions below.
1. Download a Bitcoin Wallet
Download a Bitcoin wallet. You can find it in your favorite app store.
2. Open your MobyTrader app
Now, open your MobyTrader app. Look for ‘DEPOSIT’ in the top left corner.
3. Select Deposit
Press ‘DEPOSIT’ this will open up a new window.
4. Accept terms & conditions
You will then see the terms and conditions of MobyTrader. Press ‘ACCEPT’.
5. Copy your Bitcoin Address
Your Bitcoin address will be generated. Press the button labeled ‘COPY’.
6. Open your Bitcoin Wallet
Go back to your Bitcoin wallet.
7. Paste address here
Paste you address in the ‘To’ field. Make sure the entire Bitcoin address is there.
8. ENTER AMMOUNT OF BITCOINS
Enter the amount you would like to transfer into MobyTrader.
Your Bitcoins will appear
Your Bitcoins should appear in your MobyTrader app. Please note, it can take up to an hour for your bitcoins to appear.
In what countries is MobyTrader available for depositing Bitcoin?
MobyTrader is open for trading in almost every country. The exceptions are countries within the EU. If you are in one of these countries, you can still use MobyTrader to practice trading with virtual currency, however you will not be able to make a Bitcoin deposit.
What is the max amount I can deposit into MobyTrader?
The maximum amount you can deposit into MobyTrader is the equivalent of $250 worth of Bitcoin, whatever the market value is at the time of the deposit.
Why is it taking so long for my deposit or withdraw?
The average time for a transaction to clear can be up to an hour. However, depending on the fees set for the transaction, it can take up to 3 days for a transaction to process. The best way to find out if your transaction has cleared the block chain is to go to https://live.blockcypher.com/.
You can check the status of your deposit and withdraw here.
Why are the transaction fees 1 mBTC?
We want to make sure that your transaction happens quickly. A 1 mBTC transaction fee guarantees that your withdraw happens fast. The fee goes the miners on the blockchain who verify the transaction. Lower fees can hold up a withdraw for longer periods of time because miners won’t prioritize the transaction. Usually the transfer fees can fluctuate from 0.4 and 0.6 but can go all the way up to 1 mBTC. We have set the limit at 1 mBTC to cover the miners fees and handling fees. We want you to get your money fast, so that is why we have set the fee to 1 mBTC to cover everything.