If you’re still relatively new to crypto, the crucial issue that you’re probably facing right now is how to buy Bitcoin. To tell you the truth: it’s easy. Once you’ve done it, you won’t have to think twice the next time.
Lumi has Hierarchical deterministic structure, it can only be entered using a 12-word mnemonic phrase, which is in sole posession of the user. The key of Lumi's security is transparency: we do not require any personal information for registration or transactions - your privacy is our priority number one.
Not sure where to buy cryptocurrency using only your mobile phone? Get yourself a Lumi Wallet app and buy Bitcoin safely on your iOS and Android devices!
Download the app for iOS or Android. Then create a PIN code and don’t forget to write down your mnemonic phrase. Your mnemonic is the only way you can restore your mobile wallet, so take this measure seriously. To do this, go to ‘Settings’ and tap on ‘Backup wallet’. Write down the 12 words on a piece of paper or your laptop, but not on your phone.
You can import your account with your mnemonic by choosing ‘Import Wallet’ when logging in.
If you’re using Lumi Web Wallet apart from mnemonic, you can import your account with your private keys or wallet file.
You are free to fill in the amount of USD you want to spend or the amount of Bitcoin you’re planning to buy: it works both ways.
The next step is adding your credit or debit card details such as card number, expiration date, name, and security code. You are also required to provide your billing address including country, city, and a ZIP code.
When you buy Bitcoin via Simplex for the first time, you will need to verify your email and phone number. This is standard procedure and only takes a few seconds.
The process of adding your credit card on the Lumi Web Wallet is identical.
If this is the first time you’ve made a credit card transaction, you will need to pass a quick verification procedure.
You might be asked to fill in the code from your bank to finalize the transaction and on very rare occasions Simplex might require you to upload a selfie with a credit card.
Once you’re done with these 4 steps, Simplex will start processing the payment.
There are many promising projects with tokens you can invest in. Use Lumi Wallet to exchange BTC to ERC20 as well as other available coins.
Send Bitcoin to your friends and be certain they will get it fast and in one piece.
Not ready to do anything with your Bitcoin yet? Hodling pays off! Invest long-term and keep your BTC in Lumi Wallet.