What is it?
Cryptocurrency, often referred to as crypto, is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank and can be used for various transactions, including purchasing tokens on our platform and requesting payouts.
Storing Crypto
To purchase tokens using crypto on our platform, you will need a crypto wallet. A wallet is a digital tool that allows you to store, send, and receive cryptocurrencies.
Wallets
You can choose what kind of wallet you want to store your crypto in, depending on what is best for you:
Hot wallets: they usually refer to a piece of software designed to hold cryptocurrency and can be accessed over the internet which is the recommended way to get started. It is the easiest and most convenient way to access cryptocurrencies.
Hardware/cold wallets: they are the opposite and usually require a physical piece of hardware to gain access to funds.
Here are a few example of wallets you can get:
Hot wallets | Hardware wallets |
MetaMask | Ledger |
Trust Wallet | Trezor |
CakeWallet | KeepKey |
ℹ️ Note: These wallets offer different levels of security and convenience, so choose the one that best fits your needs.
On bump, we accept the most common cryptocurrencies and stablecoins. The specific cryptocurrencies accepted can be seen and selected during the checkout process. If you have decided to use any of the advised wallets, they will support Bitcoin and Ethereum currencies as a baseline.
Wallet address
Once you've set up your wallet, you will need to create an address within the wallet for the cryptocurrency you wish to use. An address is needed to start sending and receiving a selected crypto and manage it within the wallet.
Purchasing Crypto
To get started with crypto, you will need to purchase some from a crypto exchange. We recommend the following exchanges:
Moonpay
Binance
Kraken
Using Crypto
You can use your crypto to purchase tokens, which can then be used to support creators through subscriptions, tipping, and more. The process is straightforward and secure, ensuring that your transactions are safe.
ℹ️ Note: you can know more about using tokens on bump by visiting our bump Tokens help page.
Questions?
If you have any questions or need further assistance, please contact our support team at [email protected].