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How to deposit cryptocurrencies on Bitvavo – step-by-step

Follow these easy steps to deposit crypto on Bitvavo

13. Mai 2024
in StepByStep
Reading Time: 3 mins read
Update 01.05.2024 As of now Bitvavo stops providing services to German residents. Details can be found on their website.

Step-by-Step: how to deposit cryptocurrencies on Bitvavo

From an Online Wallet
  1. Log in to your Bitvavo account.
  2. Navigate to the „Wallets“ page by clicking on the „Wallets“ button on the top menu.
  3. Select the cryptocurrency you wish to store from the list of available options.
  4. Click on the „Deposit“ button to generate a deposit address for that specific cryptocurrency.
  5. Send the desired amount of cryptocurrency to the generated deposit address.
  6. The funds will now be stored in your online wallet and can be accessed, traded or withdrawn at any time.
From a Software Wallet
  1. Download a software wallet from a reputable developer, such as MyEtherWallet or Exodus.
  2. Install and set up the software wallet on your computer or mobile device.
  3. In your Bitvavo account, navigate to the „Wallets“ page and select the cryptocurrency you wish to store.
  4. Click on the „Deposit“ button to generate a deposit address for that specific cryptocurrency.
  5. Send the desired amount of cryptocurrency to the deposit address displayed in the software wallet.
  6. The funds will now be stored in your software wallet and can be accessed, traded or withdrawn at any time.
From a Hardware Wallet
  1. Purchase a hardware wallet from a reputable manufacturer, such as Trezor or Ledger.
  2. Connect the hardware wallet to your computer or mobile device.
  3. Follow the manufacturer’s instructions to set up the hardware wallet and create a new wallet.
  4. In your Bitvavo account, navigate to the „Wallets“ page and select the cryptocurrency you wish to store.
  5. Click on the „Deposit“ button to generate a deposit address for that specific cryptocurrency.
  6. Send the desired amount of cryptocurrency to the generated deposit address.
  7. Once the funds have been confirmed on the blockchain, the hardware wallet will automatically display the balance.
Tags: BitvavohowtoInvesting
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Stefan

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