FAQ

What are cryptocurrency network confirmations?▾

When transferring cryptocurrencies, transactions must receive a certain number of network confirmations before funds become available. This is done to prevent double-spending of the same funds. No one can influence the speed of transaction confirmations - users simply need to wait.

What is Bitcoin network confirmation?▾

When receiving Bitcoin, the new owner typically can't use it immediately. Once a transaction is made, it's sent to the Bitcoin network for processing and must be included in a block to become legitimate. The process of including a transaction in a mined block is called transaction confirmation. Inclusion in 1 block = 1 confirmation. Our service requires 2 Bitcoin network confirmations before processing your exchange request. Transfer speed depends on the fee you specify during exchange.

Stablecoins▾

A type of cryptocurrency whose value is pegged to another asset's price, such as Tether (USDT). To create such cryptocurrency, a company must maintain equivalent amount of fiat currency (e.g., US dollars) in bank accounts. The major advantage is nearly complete absence of price volatility.

Staking▾

All blockchains require transaction verification. Unlike Bitcoin's Proof-of-Work, staking coins use Proof-of-Stake. The more staking coins you hold, the more voting power and earning potential you have. You can delegate staking coins similar to depositing money in a bank for interest - they need to be stored in wallets or exchange accounts that support staking.

Anonymous Monero coin▾

A fully anonymous coin operating on Proof-of-work principle. Its anonymity is based on the CryptoNote algorithm for transaction encryption: no one knows who signed the transaction, and all transactions are passively mixed by design.

Where and how to create a cryptocurrency wallet?▾

We recommend secure wallets where encryption keys are stored on the device itself and developers don't have access to them, meaning no one can steal them. The multi-currency TrustWallet app and Metamask browser extension meet these requirements.