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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:

-USDT
-Bitcoin -LTC -XAUT -Toncoin -Ethereum -Binance Coin -XRP -Tether Gold

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.

Transaction Details

After sending a crypto-asset, the user can open the transaction details screen. This section displays all the key information about the transfer.

Here users can see:

-transaction status (completed or in progress),
-date and time of the transfer, -sender’s address, -recipient’s address, -the network in which the transaction was executed, -transaction ID, -the amount the recipient will receive, -the network fee, -the total transaction amount.

This screen allows the user to verify that the transfer was completed successfully and, if necessary, save the transaction information.

By Vlada Nenakhova
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