Bitcoin is digital currency that, like regular currency, can be bought and exchanged. So lets think of it as cash, you hold your cash in your wallet, you spend it and keep the change in your wallet, you earn more cash and you keep it accessible to you in your wallet. If you want to change your cash into any other currency you go to an exchange, pay a fee, use the current exchange rate that can move up or down in value, and then you have cash in another currency that you keep in your wallet. Off to Barbados we go!
Digital currency wallets are, well...digital! They can be in the form of apps on your phone or sometimes you are given a wallet when you use an exchange service. Let’s say you're on the way to Barbados (oh come on let’s go!), you change your cash at an exchange service at the airport to get local currency and they give you a free envelope to hold it in with their logo on it. That’s your wallet and its yours to keep and protect. Most of us might choose to use our own wallet even if we were given a free one simply because it has more appealing pockets and zips and a fancy leopard skin print on it.
In your wallet, if you have Bitcoin, you will have a public key to identify it. This public key is the address people use to send and receive Bitcoin! As you would give your bank account details to someone sending you money, you would give your public key to someone sending you Bitcoin. You will also have a private key, but this is not to be shared and must be kept private only to you.
There are many wallets to choose from, but these are our favourites, Click the icon to download.
(Breadwallet, Airbitz, Bitwallet)
2. Create new wallet.
Once you’ve downloaded your wallet click 'Create New Wallet'
3. You’ve got your public key! You’re good to go!
Oh hey, I just heard someone awesome just gave you some bitcoin, let’s put that straight in your wallet.
CLICK HERE FOR DETAILED STEP BY STEP GUIDE (WITH PICTURES!)
iOS wallets are hot wallets. Any wallet that is on an internet connected device like an iPhone is a hot wallet. Hot wallets are more vulnerable to hackers because hackers access and infect devices through the internet.
For secure storage, you need a cold storage wallet which means the wallet is stored and use only on an offline device. An example of this type of wallet are hardware wallets like the Ledger Nano S or a paper wallet.
If you have a jailbroken iOS device you should be very careful about storing any amount of bitcoins on the device. Jailbroken devices are more vulnerable to being hacked.
It depends on what wallet you’re using. Some wallets allow you to set a PIN code so that only you can access the coins. Most of the wallets listed above also encrypt your wallet so that it would be very hard for the average person to access should they have your phone. Still, you should always keep backups and if you do lose your phone, restore the wallet backup onto your new phone or send them to a different wallet.
Each wallet will walk you through backing up your wallet when you set it up. There are different methods. Most have you write down a 24 word seed that is a backup of your wallet.
Of course. There are no limitations on how many or which wallets you can use. It's recommended to download a few wallets, test them out and decide which one you like best!
Yes. Apple does not check every wallet that it allows into the app store. Do your research and make informed decisions as you would with any financial transaction.
We are Troy and Caroline. Old colleagues and friends for years, both of us have spent most of our careers in Digital Marketing and were recently thrown head first into the cryptocurrency space, and as true marketeers we thought....well this seems far too confusing, lets make it for everyone!
So we did.
And now we're here.
And so are you!
The simple explanation:
The legal bit:
Please read these Terms carefully and make sure that you understand them, before ordering any Products from our site.
When asked, please click on the tick box next to: “I accept the Terms and Conditions on this site” if you accept them. If you do not accept these Terms, you will not be able to order any products from our site.
We may amend these Terms from time to time as set out in clause 7. Every time you wish to order products, please check these Terms to ensure you understand the terms which will apply at that time.
These Terms, and any Contract between us, are only in the English language.
1. INFORMATION ABOUT US
1.1 We operate the website http://www.givecrypto.io/. We are Mobile Soul Ltd, a company registered in England and Wales under company number 5446273 and with our registered office at 7 The Pumphouse, 70 Renforth Street, London, SE16 7JZ. Our VAT number is GB 144 2633 30.
2. OUR SERVICES
2.1 Our Services allows you to transfer (GIVE) your bitcoin to another person of your choosing in the form of an email. We will hold the bitcoin until such time as the person you chose to send bitcoin to claims (REDEEM) the bitcoin.
2.2 When you request a gift purchase on our site we will ask you to accept these Terms. Each gift purchase transaction fee is payable in bitcoin. You must accept these Terms and then transfer the requested amount in BTC before we will process your request. We are not liable for any fails in completion of the steps listed above. If your session is interrupted for any reason you may contact us to complete your gift email if the correct payment has been made on email@example.com
2.3 All transactions are non-refundable.
2.4 Recipients have a total period of 6 (SIX) months from the time of purchase in which to claim their bitcoin. If bitcoin is not redeemed during this time, then the gift purchase will be considered expired and no longer valid. In this case the bitcoin becomes the permanent property of Mobile Soul Ltd. No refund will be given.
2.5 The maximum bitcoin that can be sent is 0.01 BTC. We reserve the right to change the minimum and maximum amounts at any time.
3.1 Transaction fees will be stated clearly at the time of purchase.
3.2 Transaction fees may change but will not exceed 20% of the bitcoin gift purchase amount.
3.3 Any change in transaction fee will not affect any order which we have confirmed.
4. HOW TO PAY
4.1 You can only pay for Services using bitcoin. You are responsible for maintaining your bitcoin wallet. Payment for the bitcoin Gifts Products is in advance.
5. HOW WE USE YOUR PERSONAL INFORMATION
Please take the time to read it, as it includes important terms which apply to you.
6. AGE RESTRICTIONS AND CONSUMER PROTECTION WHEN USING OUR SERVICES
6.1 You may only purchase bitcoin Gifts from our site if you are at least 18 years old, accepting the Terms and Conditions serves as a confirmation that you are over 18.
6.2 As a consumer, you have legal rights in relation to the way products are provided. Advice about your legal rights is available from your local Citizens’ Advice Bureau or Trading Standards office. Nothing in these Terms will affect these legal rights.
7. OUR RIGHT TO VARY THIS TERMS
7.1 We may revise these Terms from time to time in the following circumstances:
(a) to reflect changes in how we accept payment from you;
(b) to reflect changes in relevant laws and regulatory requirements.
7.2 Every time you request products from us, the Terms in force at that time will apply to the Contract between you and us.
7.3 Whenever we revise these Terms in accordance with this clause 7.1, we will keep you informed and give you notice of this by stating that these Terms have been amended and the relevant date at the top of this page.
8. OUR LIABILITY
8.1 If we fail to comply with these Terms, we are responsible for loss or damage you suffer that is a foreseeable result of our breach of these Terms or our negligence, but we are not responsible for any loss or damage that is not foreseeable. Loss or damage is foreseeable if it was an obvious consequence of our breach or if it was contemplated by you and us at the time we entered into the Contract.
8.2 We do not in any way exclude or limit our liability for fraud or fraudulent misrepresentation.
8.3 Our liability is limited to the maximum amount of the fee paid to provide the service.
9. EVENTS OUTSIDE OUR CONTROL
9.1 We will not be liable or responsible for any failure to perform, or delay in performance of, any of our obligations under a Contract that is caused by an Event Outside Our Control.
10. OTHER IMPORTANT TERMS
10.1 We may transfer our rights and obligations under a Contract to another organization, but this will not affect your rights or our obligations under these Terms.
10.2 This contract is between you and us. No other person shall have any rights to enforce any of its terms.
10.3 If we fail to insist that you perform any of your obligations under these Terms, or if we do not enforce our rights against you, or if we delay in doing so, that will not mean that we have waived our rights against you and will not mean that you do not have to comply with those obligations. If we do waive a default by you, we will only do so in writing, and that will not mean that we will automatically waive any later default by you.
10.4 These Terms are governed by English law. This means a Contract and any dispute or claim arising out of or in connection with it will be governed by English law. You and we both agree that the courts of England and Wales will have non-exclusive jurisdiction. However, if you are a resident of Northern Ireland you may also bring proceedings in Northern Ireland, and if you are a resident of Scotland, you may also bring proceedings in Scotland.
The simple version:
Mobile Soul Ltd (“We”) are committed to protecting and respecting your privacy.
This policy (together with our Terms and Conditions (Here) and any other documents referred to in it) sets out the basis on which any personal data we collect from you, or that you provide to us, will be processed by us. Please read the following carefully to understand our views and practices regarding your personal data and how we will treat it.
For the purpose of the Data Protection Act 1998 (the Act), the data controller is Mobile Soul Ltd of 7 The Pumphouse, 70 Renforth Street, London, SE16 7JZ.
INFORMATION WE MAY COLLECT FROM YOU
We may collect and process the following data about you:
Information that you provide by filling in forms on our site: www.givecrypto.io (our site). This includes information provided at the time of purchase. We may also ask you for information when you report a problem with our site.
If you contact us, we may keep a record of that correspondence.
In the course of providing help to you we may take screen shots or capture some information during the process of your correspondence with us to allow us to solve your query.
We may also ask you to complete surveys that we use for research purposes, although you do not have to respond to them.
Details of requests you make for products through our site.
Details of your visits to our site including, but not limited to, traffic data, location data, weblogs and other communication data (whether this is required for our own billing purposes or internal accounting or otherwise) and the resources that you access.
We may collect information about your computer, including (where available) your IP address, operating system and browser type, for system administration and to enforce any current or future limitations on purchases from specific countries or jurisdictions.
Our website uses Google Analytics, a service which transmits website traffic data to Google servers in the United States. Google Analytics does not identify individual users or associate your IP address with any other data held by Google. We use reports provided by Google Analytics to help us understand website traffic and webpage usage.
WHERE WE STORE YOUR PERSONAL DATA
The data we collect from you will be stored in accordance with UK and EU law and only held on servers within the UK.
Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our site; any transmission is at your own risk. Once we have received your information, we will use strict procedures and security features to try to prevent unauthorized access.
USES MADE OF THE INFORMATION
We use information held about you in the following ways:
To ensure that content from our site is presented in the most effective manner for you and for your computer.
To provide you with information, products or services that you request from us or which we feel may interest you.
To carry out our obligations arising from any contracts entered into between you and us.
DISCLOSURE OF YOUR INFORMATION
We may disclose your personal information to third parties:
If we are under a duty to disclose or share your personal data in order to comply with any legal obligation, or in order to enforce or apply our Terms and Conditions (Here) and other agreements; or to protect the rights, property, or safety of Mobile Soul Ltd, our customers or others. This includes exchanging information with other companies and organisations for the purposes of fraud protection and credit risk reduction.
You have the right to ask us not to process your personal data for marketing purposes. We will usually inform you (before collecting your data) if we intend to use your data for such purposes or if we intend to disclose your information to any third party for such purposes. You can exercise your right to prevent such processing by not checking certain boxes on the forms we use to collect your data. You can also exercise the right at any time by contacting us at firstname.lastname@example.org.
Our site may, from time to time, contain links to and from the websites of our partner networks and affiliates. If you follow a link to any of these websites, please note that these websites have their own privacy policies and we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.