How does a wallet work? What type of actions do the wallets support?

Bit2Me offers a free Euro and cryptocurrency wallet service. This means that we will store your currencies at no cost.

In addition to sending or receiving cryptocurrencies through Bit2Me, you can also deposit EUROS into your EURO WALLET or withdraw them to your SEPA bank account, buy, sell cryptocurrencies or exchange one type of cryptocurrency for another.

Euro Wallet: This is the wallet used to hold deposits made by the customer in euros, or the amount also in euros from sold cryptocurrencies.

Cryptocurrency: refers to any virtual currency currently supported by Bit2Me. We do not charge for transferring cryptocurrencies from one Bit2Me wallet to another belonging to Bit2Me.

Wallets or cryptocurrency wallets are the bridge that allows us to manage our cryptocurrencies. A piece of software or hardware that allows us to perform the operations of receiving and sending them through the blockchain network of each cryptocurrency.

As Bitcoin and other cryptocurrency systems are completely decentralized, there is no entity or body that controls them. That is why wallets play a very important role in this ecosystem. 

They are a basic piece of infrastructure that allows us to operate with cryptocurrencies, and in them we can view and consult our balances and the operations performed and received.

In addition to providing us with security and confidence to carry out our operations, wallets also allow us to sign our transactions without the need for private keys to leave the device.

What type of actions do wallets support? 

• Buy: buy cryptocurrencies from a traditional currency (euro...)
• Sell: sell cryptocurrencies for a traditional currency (euro...)
• Send: send cryptocurrencies to another wallet address
• Receive: receive cryptocurrencies from another address
• Exchange: exchange cryptocurrencies between different wallet addresses
• Transfer: transfer euros to the user's bank account

For more information: What is a cryptocurrency wallet?