USD Wallet on Bitnob is a cryptocurrency with a value meant to mirror the value of the U.S. dollar. The idea was to create stable digital cash. It converts cash into digital currency, to anchor the value of the coin to the price of national currencies like the US dollar.Bitnob is a cryptocurrency company that allows you to save and invest in Bitcoin easily. It has a great user experience and is easy to use.Every user on Bitnob gets a default USD wallet when the wallet can be used for sending, receiving and most importantly saving in USD which offers more stability for their hard-earned money.
How the USD Wallet Works
The best part of using Bitnob to hold and save USD is that you can easily withdraw to a bank account of your Choosing at the current market rates. You can also use the BItnob USD wallet to power Peer to Peer(P2P) transactions by sending and receiving via the Bitnob App, all you need is the Bitnob username of the receiver if you’re the one sending and if you’re on the receiving end, let the sender have your Bitnob username. This process is fast and seamless and the transaction charge for sending and receiving USD via the Bitnob App is Zero! To buy USD in your Bitnob USD wallet, simply purchase an Ovvar voucher hereHow to buy Ovvar voucherTo Send USDT in a p2p transaction, navigate to your USD wallet, click on send, input the receiver’s username, our system matches the username to the name of the user and then you can click on send.
Investment Balance Made Simple
Investment balance is funded when a user creates a plan. This is achieved through automated savings which can be daily, weekly or monthly. Users own bitcoin in the investment balance.
How the Investment Balance works
The investment balance contains the money saved using the Bitonb autopilot system. The autopilot system allows you to invest in bitcoin automatically using our Dollar-cost averaging system (DCA).
Check out our Dollar-cost averaging calculator The investment balance also contains the real-time price of bitcoin, the amount (in percentage) of profit or loss incurred due to the fall and rise of bitcoin.Lastly, it shows the amount a user invested and the current amount he/she has in the Bitnob wallet.
After the period of investment is over, users can then transfer their accumulated investment to BTC wallet.
BTC Wallet Made Simple
The BTC wallet contains the amount of bitcoin a user currently has aside from the investment wallet. Once an investment is matured, the cumulative amount saved automatically loaded in the BTC wallet. This ensures continual investment in bitcoin.In order for a user to know how much he/she has while using the Bitnob app, He/she should add up the money in the investment balance + BTC wallet + USD Wallet.
How does a BTC wallet work
The Bitnob BTC wallet is very powerful in that it has various functions. It enables users to send and receive BTC from other users and also from other cryptocurrency merchants or products.You can also use the BItnob BTC wallet to power Peer to Peer(P2P) transactions by sending and receiving via the Bitnob App, all you need is the wallet address of the receiver if you’re the one sending and if you’re on the receiving end, let the sender have your Wallet address. This process is fast and seamless and the transaction charge for sending and receiving USD via the Bitnob App is Zero! You can also convert your BTC wallet to a USD wallet to enable you to withdraw in your own currency.
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