STACK YOUR WAY

Which Cryptocurrencies can I get with my Crypto Cashback?

With Stack Mobile, you are not restricted to a receiving your payout in a specific, single cryptocurrency. The list of Crypto options for your Crypto Cashback is substantial and growing and includes many of those which have been and continue to be found in most individual’s wallets.

You can currently receive your Crypto Cashback in 10 different cryptocurrencies - Bitcoin (BTC), Litecoin (LTC), Dogecoin (DOGE), Ethereum (ETH), Bitcoin Cash (BCH), USD Coin (USDC), Wrapped Bitcoin (WBTC), Gemini Dollar (GUSD), PayPal USD (PYUSD) and Euro Coin (EUROC). More currencies and networks are on the way.

How do I link my digital wallet to BitPay?

You can bring your own digital wallet or get one through BitPay. As long as the wallet supports the cryptocurrencies listed above, you’re all set. To link your digital wallet, simply follow the step-by-step instructions provided when you join the Stack Mobile community. You’ll receive these steps via an email from BitPay with a link to guide you through the three-step process of 1.) Accept the invitation and create your free BitPay account, 2.) Verify your identity, and 3.) Enter a receiving wallet address.

If you’re new to BitPay, you may need to complete several identity verification steps as part of the Know Your Customer (KYC) process. This is a standard procedure used by financial institutions, banks, and similar organizations to verify the identity of their customers. Identity verification is required before Crypto Cashback can be sent, ensuring compliance with regulations and enhancing security.

How safe is Cryptocurrency?

Cryptocurrencies are designed with safety in mind, leveraging blockchain technology to secure every transaction. The blockchain acts as a public, unchangeable ledger, making transactions transparent and nearly impossible to tamper with. This level of security significantly reduces the risk of fraud and enhances trust among users. Additionally, the decentralized nature of cryptocurrencies means that your funds are not controlled by banks or governments, giving you full control over your assets without the risk of censorship or interference.

While the benefits are clear, it's important to be aware of best practices to maximize safety. The decentralized and unregulated environment of cryptocurrencies can expose users to scams if they're not careful. However, with proper research and diligence, it's possible to avoid these risks. Managing a digital wallet requires some learning, but once mastered, it offers a secure way to store and manage your assets. Protecting your private keys and using reputable platforms can safeguard your funds from hacking attempts.

Although the crypto market is known for its price volatility, this also presents opportunities for significant gains. By embracing the necessary precautions, users can enjoy the benefits of a secure, flexible, and innovative financial system that cryptocurrencies provide. In fact, over the past few years, we have seen many of the leading cryptocurrencies with substantial growth, which can contribute to expanding and balancing your investment portfolio.