What is Bitcoin (BTC)?
Bitcoin was the first decentralized digital currency created in January 2009, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer Bitcoin network without the need for intermediaries to facilitate faster payments.
The independent individuals and companies who own the governing computing power and participate in the Bitcoin network, or "miners", are in charge of processing the transactions on the blockchain and are motivated by rewards (the release of new Bitcoin) and transaction fees paid in bitcoin.
Bitcoin can now be accepted as payment for almost everything, and it is now common for stores to accept BTC as a payment method! The transactions can be handled with the requisite hardware terminal or wallet address through QR codes and touchscreen apps. An online business can easily accept Bitcoin by adding this payment option to its other online payment options: credit cards, PayPal, etc. Learn more
How to Deposit BTC Into Your Coinmetro Account
For all information on how to deposit BTC into your Coinmetro account, please see the following help center article: How to Deposit BTC.
How to Withdraw BTC From Your Coinmetro Account
For all information on how to withdraw BTC from your Coinmetro account, please see the following help center article: How to Withdraw BTC.
Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.
Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.