How To Deposit Bitcoin Into Hugos Way
Transfer in your BTC to Hugos Way
If there is one thing that can make your life and allow you to make great profits, it is an account on an online trading platform. Many people, including beginners, now thank their stars because they decided at the right time and dived into the sea of trades.
Cryptocurrencies are relatively new and are called “the gift of the internet.” But there are still a number of people who are not aware of how they can use the currencies to grow their money.
There is no doubt that cryptocurrencies are the new "gold." They have a huge potential to increase in their value, allowing people to make a considerable amount of profits. But their trade is not as easy as that of paper currencies. The world of online banking has at least made people aware of how they can transfer their money without having to physically visit a bank. However, people still don’t know what they can do to create and fund their cryptocurrency accounts.
What is the first step that you should take to get started? The answer is to find a good online trading platform. The internet is almost saturated with a number of online trading platforms, but it is important to find a financially suitable one from the sea of platforms.
Hugo's Way is a high-performing online trading platform that entered the space of online trading in 2017. Ever since its inception, it has been performing exceptionally well, allowing investors to earn high yields on their investments.
Are you getting tempted to create an account on Hugo’s Way? We thought as much! You will be thrilled to know that setting up your account on Hugo’s Way is incredibly easy. You have to follow a few steps, and you will be the proud owner of an account within no time.
How to Deposit Bitcoin into Your Hugo’s Way Account?
The next step that you will have to deal with – and for which we have written this guide – is depositing Bitcoin, a popular cryptocurrency, in your Hugo’s Way account. How can you do so? Let’s find out:
Go to the Hugo’s Way website and enter your login credentials. You will be redirected to your dashboard. It is also important to know that if you are depositing the amount for the first time, you should deposit the minimum required amount. This step will allow you to have an understanding of how the account works without putting huge sums of money on the line.
On your dashboard, you will see four options: Deposit, Withdrawal, My Accounts, and Internal Transfer. You will have to click on the Deposit button to start the process. Now, you will have to select your wallet, and since you are transferring Bitcoin, you will select the BTC wallet. Then, you select type – again, which will be Bitcoin.
The last step is to add the amount that you have to transfer. You should know that now that you have selected Bitcoin as a wallet, the amount you're going to enter has to be in Bitcoin. It is an important step that you need to see. Don’t add values in dollars or in any local currency that you use.
And how will you find out the Bitcoin equivalent of your local currency? For that, you should go to Google.com and convert USD (or any local currency) to Bitcoin. Suppose you’re adding $100 into your account; you will convert the amount to Bitcoin, copy it, and paste it into the amount bar. Once that's done, click on the Proceed button.
The next pages will have a QR code and an address. Now, you should open your Cash App and hit send. The open window will have a small square on the top right. It will ask you to scan the QR code when you click on it. Take the camera to the website where the code is available and scan it. After the scanning process is done, you will receive a confirmation message on your Cash App. Once you have hit the Confirm button, you will be asked to enter the pin (the one-time password), and then it is done.
Now, go back to the Hugo’s Way website. You will notice that your deposit request appears to be pending. Hugo's Way takes up to 24 hours to approve the requests. Sometimes, it takes less than a day, so do watch out.
Wasn't it easy? Transferring your money to your Hugo's Way account is simple. It will require a day for your requests to get approved, after which you can trade as liberally as you want.
Benefits of Trading in Cryptocurrencies
The entire world is entrapped in the craze of cryptocurrencies. There are so many reasons for the sudden and unprecedented popularity of this digital currency. This section will talk about a few benefits that you can get when trading in cryptocurrencies.
Great Security
Your hard-earned money is a well-celebrated asset, and you mustn’t invest it in places that are not safe. When you are investing in cryptocurrencies, the good thing is that your money is safe. Cryptocurrencies run on the highly protected and secure blockchain, and there are no chances for your money to be compromised.
High Yields
Bitcoin is one of the best-performing assets. Its value has been following an upward trajectory for the last 12 years. Investing in this currency means that your investments are safe. Many people save for their post-retirement life, and it is good that they invest in a trading scheme that results in higher returns, allowing people to grow their money exponentially.
Short Settlement Times
Cryptocurrency fund transfers take hours to get settled. In most cases, the maximum that a platform can take is 24 hours. On the other hand, wire transfers via bank take at least 4 to 5 working days. The world is now getting as fast as it can. It is better to invest in a currency that doesn't involve prolonged waiting periods. Another good thing about this form of trading is its low fees.
Frequently Asked Questions
Q: Is Hugo’s Way safe?
Ans: Hugo's Way is based on the MetaTrader4 trading platform, a highly secure application. It applies various security checks that make all malware stay away. These days, there has been a massive increase in online threats. Many Trojan horse applications are being used to hack into the accounts of unsuspecting individuals.
The MetaTrader4 platform makes sure that users stay away from such threats and are able to carry out their trading activities easily. This security is a big convenience for traders who use the platform without any stress.
Q: What is the minimum deposit on Hugo’s Way?
Ans: While many trading companies ask investors to invest a minimum amount of $100 or more, Hugo's Way lets investors open their accounts with as low as $10. However, if you are into cryptocurrencies, this minimum requirement will increase to $50. Many apps that people use to deposit their Bitcoin into Hugo’s Way come with minimum requirements. But if you compare it with the minimum deposit requirements of other trading platforms, this amount is also quite less. The amount is kept at a low level to let investors start their trading experience without worrying about losing their hard-earned money.
Q: Does Hugo’s Way have an app?
Ans: No. You will have to log in to the website to start your trade. However, it is worth mentioning that Hugo's Way uses the MetaTrader4 platform for various trading activities, and this platform has a dedicated app of its own.
Q: Where is Hugo’s Way headquartered?
Ans: Hugo’s Way is headquartered in St Vincent and the Grenadines. Although US residents can trade on the website, it is not based in the US. The company is not regulated, so it doesn't have to follow a list of regulations. It is, however, in the process of getting done with these legalities.
The platform is secure and has been entertaining users for many years now. It has a wide range of investors who have shown satisfaction with its services.
The Final Word
The time has come for you to join the trading world and become a proud member of the traders' community. In today's economy, when everything has skyrocketed, it makes sense that you search for some cushions where you can store your money to avoid any financial crises. As you may have observed, running an account is simple. You have to make a trading strategy and invest your money wisely.
At the end of your trading principles are great rewards that will help you grow your money. You should always remember one piece of trading advice. You should always be patient when trading. Stocks, forex, cryptocurrencies, and other trading assets are quite volatile. Certain factors, including even political conditions, may affect their prices. When dealing with them, you have to be careful, and you shouldn't lose your cool if you see that there have been massive price drops.
Hugos Way Guide – Read our In-Depth Hugos Way Review
Hugos Way Rating: 5.85 / 10
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Trading leveraged products such as Forex and Cryptos may not be suitable for all investors as they carry a degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary seek independent advice.