Ethereum: Bitcoin transfer guide to Google Wallet (and why can’t it)
More recently, many users explore alternative crypto currency and payment methods outside traditional options such as PayPal. The popular option among the enthusiasts is Ethereum, a decentralized platform that enables a quick, safe and transparent transaction without the need for mediators such as banks. However, Bitcoin -O’s transfer to his Google Wallet account can ask more questions than answers. In this article, we will deepen the possibilities of adding bitcoin to your Google wallet balance and solve some common problems.
Can you transfer Bitcoin to Google wallet?
The short answer is: this is not quite possible. While Ethereum allows users to create digital identity and store property, including cryptocurrency currency such as Bitcoin, Google Wallet does not support or integrate directly with this property. The reasons for this limit are rooted in the way Google Wallet works.
Google wallet vs. Integration of Ethereum
Google Wallet is mainly focused on storing a credit/debit card data to perform online transactions. Not designed to process digital coins or decentralized applications (DAPP) as Ethereum. Each cryptocurrency transaction should be treated through a separate service, which could include the third API -and and payment runways.
Why can’t the Google wallet add bitcoin?
There are several reasons why adding bitcoin to your Google ballet balance is not easy:
* Security : Google wallet gives safety priority over cryptographic complexity. It is designed for daily transactions rather than complex cryptocurrency exchanges.
* Intraperability : Ethereum platform is very decentralized and acts in the net equal to the same. Integration with a centralized wallet like Google wallet would require significant developmental efforts and threatened the integrity of both systems.
* Scalability : As the number of users increases, so does the computer power required to process transactions. This could lead to performance problems and reduce user experience.
Alternative Options to Transfer Bitcoin
If you still want to transfer Bitcoin to your Google Wallet account, consider these alternatives:
- Cryptative exchange services
: platforms like Coinbase, Binance or Kraken allow users to buy, sell and store crypto currencies, including Bitcoin.
- hardware wallets : devices such as a book, vault or Keepkey provide a safe way to store a cryptic currency off the net, eliminating the need for internet connectivity.
- Pare Markets : Services as Localbitcoins or Paxful allow users to buy and sell crypto currency directly with others, often without intermediaries.
Conclusion
Although it may be difficult to transfer Bitcoin to Google Wallet, alternative options are available for those who want to explore the cripthum storage solutions. If you are looking for a perfect experience, consider using a dedicated servant of cryptocurrency exchanging or decide on solutions based on a hardware wallet.