FAQs
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Popular Questions
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Getting started
1. What is an ICO?
An Initial Coin Offering (ICO) is a method of crowdfunding for cryptocurrency projects. It allows investors to purchase tokens representing a stake in the project or the future use of its platform. ICOs are similar to Initial Public Offerings (IPOs) but with cryptocurrencies.
2. Which Cryptocurrencies Can I Use to Purchase?
Typically, you can purchase ICO tokens using popular cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH). However, the accepted currencies may vary depending on the specific ICO, and some may accept other cryptocurrencies or fiat currencies.
3. How Do I Benefit from the ICO Token?
ICO tokens can provide various benefits, such as access to the project’s platform, voting rights, or potential financial gains if the token's value increases over time. The specific benefits are usually detailed in the project's whitepaper.
Managing account
1. Can I lose access to my funds?
Yes, you can lose access to your funds if you lose your private key or recovery phrase. Always securely back up your wallet credentials to prevent this risk.
2. How to add crypto to my Wallet?
To add crypto to your wallet, you can either receive it from another wallet address or purchase it through an exchange and transfer it to your wallet.
3. Adding crypto to the Coinbase Wallet extension
To add crypto to the Coinbase Wallet extension, you can use the "Receive" feature within the extension, which provides a wallet address for you to transfer funds to.
4. How do I send and receive crypto?
Sending and receiving crypto involves using your wallet's "Send" and "Receive" functions. To send, enter the recipient's address and amount; to receive, share your wallet address with the sender.