A Beginner's Guide To Sending Cryptocurrencies From Circle Invest

Circle Invest is a mobile app that enables users to buy and sell crypto assets. The app is available for download on the App Store and Play Store. It is currently available for most US residents. Users can move money from their bank account to their Circle Invest account and buy cryptocurrencies such as Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Circle Invest provides a two-factor authentication feature to protect users' accounts.

How to send Bitcoin using Circle Pay

Circle Pay is a peer-to-peer money transfer app developed by Circle, a Boston-based financial services company. While the app does not support the buying and selling of Bitcoin, existing customers who hold Bitcoin on Circle Pay can continue to send and receive it. It is important to note that once users convert their Bitcoin balance to another currency, they will not be able to convert it back to Bitcoin.

To send Bitcoin using Circle Pay, follow these steps:

• Sign in to your Circle Pay account and navigate to the "Send" tab.
• Enter the amount of Bitcoin you would like to send.
• Obtain the recipient's Bitcoin address. Ensure that the recipient sends you their Bitcoin address, and consider copying and pasting it to prevent any mistakes.
• Enter or paste the Bitcoin address into the send page on Circle Pay to choose where to send your funds.
• Alternatively, use the Circle Pay app to scan a QR code to send funds. This method will automatically fill in the address information. To scan a QR code, select the "QR Code" option on the main "Account" tab, and point your camera at the code.
• Complete the transaction by following the on-screen instructions.

Bitcoin transactions on Circle Pay can take anywhere between a few minutes to about 40 minutes. This timeline depends on the speed of confirmations on the blockchain, which is the public ledger of all Bitcoin transactions. Circle has no control over the speed of transactions or the ability to cancel them once initiated.

Circle Invest app features

Circle Invest is a mobile app that enables anyone residing in the US to buy and sell crypto assets. The app is available on the App Store and Play Store. It allows users to move money from their bank account to their Circle Invest account and buy cryptocurrencies instantly. The app offers an "Explore" feature to help users learn about the market, how coins differ, and why they have value. It provides relevant and contextual information about all things crypto.

Circle Invest offers an easy way to collect coins and increase market knowledge. Users can buy one of the coin collections offered by the app. It also allows users to be in full control of the time and amount of their investment. Users can start investing with as little as $1. The app supports a wide range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ethereum Classic (ETC), Bitcoin SV (BSV), Litecoin (LTC), Zcash (ZEC), Monero (XMR), and more.

Circle Invest prioritizes security and offers a two-factor authentication feature to protect users' accounts and funds. The app also provides privacy protection to secure users' information. With its experience in the blockchain industry since 2013, Circle Invest has established itself as a trusted platform for investing in cryptocurrencies.

The Circle Invest app also offers instant deposits and buys from users' bank accounts. It provides a user-friendly interface and allows users to set up recurring buys to dollar-cost average their investments. Overall, Circle Invest provides a secure and informative platform for users to enter the world of cryptocurrency investing.

Supported cryptocurrencies on Circle Invest

Circle Invest is a mobile app from Circle that enables users to buy and sell crypto assets. The app is available in the App Store and Play Store. Circle Invest supports the following cryptocurrencies:

• Bitcoin (BTC)
• Ethereum (ETH)
• Bitcoin Cash (BCH)
• Ethereum Classic (ETC)
• Bitcoin SV (BSV)
• Litecoin (LTC)
• Zcash (ZEC)
• Monero (XMR)
• Stellar (XLM)
• 0x (ZRX)
• Qtum (QTUM)
• EOS (EOS)
• Basic Attention Token (BAT)

Circle Invest offers an "Explore" feature, which helps users learn about the market, how coins differ, and why they have value. It provides educational, contextual information about all things crypto.

Circle's other product, Circle Pay, does not support any cryptocurrencies other than Bitcoin.

How to move money from your bank to Circle Invest

To move money from your bank to Circle Invest, you must first link your US bank account. It is recommended to link a checking account to avoid potential transfer reversals. To do this, go to your settings, select "Bank Accounts", then "Connect new bank account". Search for your bank's logo and name, and enter your bank login credentials. Circle Invest will use these to perform a one-time authentication and will not store your login information.

Once your bank account is connected, you can instantly deposit money into your Circle Invest account, with a limit of $10,000 per week. However, if you receive an error message regarding added security on your account, you will need to disable two-step verification on your bank account or contact your bank. If you are unable to find your bank, you can exit the prompt and add your bank manually using your routing and account number. Circle Invest will then send two small deposits to your bank account, which will take 1-4 business days to arrive. You will need to verify the amounts of these deposits, which can be found on your bank statement. After entering these amounts, Circle will withdraw the total of the deposits from your bank account, and your account will be successfully linked.

Note that linking your bank manually will disable the Instant Deposit feature, and your deposits will take 1-4 business days to clear before you can make purchases.

How to buy and sell Bitcoin securely

Step 1: Choose a Crypto-Trading Service or Venue

Firstly, you need to select a crypto exchange. There are many types of cryptocurrency exchanges, each with its own benefits and drawbacks. Some allow users to remain anonymous, while others, like Coinbase, Kraken, Gemini, and Binance, follow laws that require users to submit identifying documentation.

Step 2: Connect Your Exchange to a Payment Option

Depending on the exchange, you may need to provide personal identification, such as a driver's license or Social Security card. You can then connect your bank account directly or link a debit or credit card.

Step 3: Place an Order

Almost all crypto exchanges offer market and limit orders, and some also provide stop-loss orders. You can also set up recurring investments on some platforms.

Step 4: Safe Storage

Keeping crypto outside the exchange and in a personal wallet ensures that investors have control over the private key to the funds. There are two main types of wallets: hot wallets and cold wallets.

• Hot Wallets: Online wallets, or hot wallets, are apps on internet-connected devices such as computers or phones. They are best for small amounts of cryptocurrency or crypto that is actively trading.
• Cold Wallets: Offline wallets, or cold wallets, are not connected to the internet and are considered the most secure way to store your bitcoin. They are better suited for long-term investors.

Additional Tips for Buying and Selling Bitcoin Securely:

• Only use a secure device: Ensure your device is up to date and protected with a good antivirus program.
• Find a reputable crypto exchange: Look for an exchange that has solid reviews and accepts users who comply with KYC (Know Your Customer) and AML (Anti-Money Laundering) requirements.
• Choose the best Bitcoin wallet: Consider whether an online or offline wallet best suits your needs.
• Use a VPN when making transactions: This will protect your sensitive data when accessing Bitcoin or exchanges on public Wi-Fi.
• Don't invest money you can't afford to lose: Be conservative with your investments, especially when starting out.

Sending Cryptocurrencies from Circle Invest

Circle Invest is a mobile app that enables anyone to buy and sell crypto assets. It is only available for US residents and can be downloaded from the App Store or Play Store.

To send money using the Bitcoin network on Circle Invest:

• Sign in to your Circle Pay account and navigate to the Send tab.
• Enter the amount you would like to send.
• Enter the Bitcoin address to choose where to send your funds. You can copy and paste the address or use the Circle Pay app to scan a QR code.
• Circle requires four confirmations on the blockchain before clearing a transaction, so the average completion time is about 40 minutes.

Frequently asked questions