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All newsHow the CityPay Crypto-Wa...How the CityPay Crypto-Wallet Works
How the CityPay Crypto-Wallet Works

The CityPay crypto-wallet

Crypto-Assets

Crypto-assets are digital money that operate on blockchain technology. They can be stored in a crypto-wallet, sent to other people, or exchanged. The value of crypto-assets may fluctuate, which means they are considered digital assets with inherent risks.

The CityPay crypto-wallet provides access to several popular crypto-assets:

BTC (Bitcoin) – BTC network (Bitcoin)
LTC (Litecoin) – LTC network (Litecoin) ETH (Ethereum) – Ethereum network (ETH) XRP (XRP Ledger) – XRP Ledger network (XRP) SOL (Solana) – Solana network (SOL) BNB (BNB Smart Chain / BSC) – BNB Smart Chain network (BEP20) USDT (Tether USD) – networks: Polygon (Polygon POS), Tron (TRC-20), Ton (TON), BNB Smart Chain (BEP20) TON (Toncoin) – TON network XAUT (Tether Gold) – Ethereum network (ETH)

Each asset can be stored in the wallet, received to a personal address, or sent to other users. For every asset, the wallet displays the current balance and the transaction history.

Available Operations Within the Service

The CityPay crypto-wallet offers multiple actions for managing crypto-assets:

buying crypto-assets
selling crypto-assets sending crypto-assets receiving crypto-assets storing crypto-assets

All operations are performed within a single interface without the need to use third-party platforms.

Parameters for Sending Crypto-Assets

When sending crypto-assets, the user must specify:

the crypto-asset being sent,
the transfer network, the recipient’s address, the amount to send.

Before confirming the transaction, the system displays all the details so the user can review them again and confirm the operation.

It is important to remember that once a transaction is sent to the blockchain, it cannot be canceled. Therefore, it is essential to carefully check the address and the amount before confirming. The user is responsible for the accuracy of the entered information.
By Vlada Nenakhova
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