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Bitcoin (BTC) Guide

Bitcoin is the world's first and most well-known cryptocurrency. This guide covers everything you need to know about using Bitcoin with Rumble Wallet.

How to buy Bitcoin (BTC)​

Before you start

If you haven't already onboarded with MoonPay, read Buy and Sell Crypto for an overview of setting up your MoonPay account.

Using your Rumble Wallet app:

  1. Open the app to display the main screen.
  2. Tap the Bitcoin Holdings button beneath your Total Wallet Balance.
  3. Tap the Buy button.
  • You can also start a purchase by tapping the Buy button at the button of the app screen:
  • Tap Bitcoin as the currency you want to buy.
  1. Enter the amount of Bitcoin to purchase using USD or your local fiat currency. Funds will be deposited to your main account wallet.
  2. The wallet app will select the default network to use based on best rates. You can also optionally select the network to use to receive your Bitcoin (Main or Lightning). You'll see the amount of Bitcoin you'll receive based on the going market rates and fees (rates refresh frequently).
  3. Sign-in to MoonPay and verify with verification code.
  4. Select your preferred payment method.
  5. Tap the payment button to purchase.
  6. Wallet displays a status for your transaction, showing approximate arrival time, a transaction ID, the amount paid, and the estimated fee applied. You'll also see the receiving address and the final amount you'll receive.
  7. You'll receive a notification once your transaction completes.

How to sell Bitcoin (BTC)​

Before you start

If you haven't already onboarded with MoonPay, read Buy and Sell Crypto for an overview of setting up your MoonPay account.

Using your Rumble Wallet app:

  1. Open the app to display the main screen.
  2. Tap the Bitcoin Holdings button beneath your Total Wallet Balance.
  3. Tap the Cashout button.
  • You can also tap the Cash Out button at the button of the app screen to start a sale:
  • Select the source (main account wallet or Tip Jars) from which funds will be withdrawn.
  • Select Bitcoin as the currency you want to cash out.
  • Select the wallet address with funds to cash out.
  1. Enter the amount of Bitcoin to sell. You can tap Use Max to sell all funds.
  2. The wallet app will select the default network to use based on best rates. You can also optionally select the network to use to receive your Bitcoin (Main or Lightning).
  3. You'll see the amount of USD or chosen fiat currency you'll receive based on the going market rates and fees (rates refresh frequently). Minimum and maximum cashout amounts may apply per transaction.
  4. Sign-in to MoonPay and verify with verification code.
  5. Select your preferred withdrawal method.
  6. Tap the Confirm button to sell.
  7. You'll see a summary of the transaction. Tap Cash Out to complete the sale.
  8. You'll see a success message and funds will be deposited (settlement times vary depending on method).

See also

What is Bitcoin?​

Bitcoin (BTC) is a decentralized digital currency that operates on a peer-to-peer network. Created in 2009, Bitcoin allows for direct transactions between users without the need for intermediaries like banks.

Key features​

Decentralized Network​

No single entity controls Bitcoin. It operates on a global network of computers (nodes) that validate transactions.

Secure transactions​

Bitcoin transactions are secured by cryptographic algorithms and recorded on the blockchain, making them virtually impossible to counterfeit or reverse.

Store of value, network, and currency​

Bitcoin works as a store of value (similar to precious metals), a settlement network (similar to Visa, Swift, or other money transfer networks), and as a currency (where you can use Bitcoin for financial transactions).

Transaction fees​

Bitcoin transactions include network fees that go to miners who process and validate transactions. Fees vary based on:

  • Network congestion
  • Transaction size
  • Priority level (how quickly you want it processed)

Security best practices​

Keep seed phrase safe​

  • Your Bitcoin is controlled by your private keys generated from the seed phrase
  • Never share your seed phrase
  • Store your seed phrase in a secure, offline location

Verify addresses​

  • Always double-check recipient addresses before sending
  • Bitcoin transactions are irreversible once confirmed
  • Consider sending a small test amount first for large transactions

Use secure networks​

  • Avoid using public Wi-Fi for Bitcoin transactions
  • Ensure your device is secure and up-to-date

Bitcoin advantages​

Financial sovereignty​

  • Complete control over your money
  • No need for bank accounts or credit checks
  • Accessible 24/7 worldwide

Low-cost global transfers​

  • Send money anywhere in the world
  • Lower fees than traditional wire transfers
  • Faster than international bank transfers

Inflation hedge​

  • Fixed supply cap of 21 million coins
  • Not subject to government monetary policy
  • Potential store of value over time

Getting Bitcoin​

Buy with Rumble Wallet and MoonPay​

Purchase Bitcoin directly in your Rumble Wallet:

  • Credit/debit card purchases
  • Bank transfers
  • Competitive rates and fees

Receive from others​

  • Get Bitcoin tips from fans
  • Receive payments for goods or services
  • Transfer from other wallets or exchanges

Transaction Confirmation​

Bitcoin transactions typically require:

  • 1-3 confirmations for small amounts
  • 6+ confirmations for large amounts
  • 10 minutes average between confirmations