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What is Bitcoin?
First introduced in 2008 via a whitepaper, bitcoin which some people say is similar to gold (as there is a limited supply) is the first decentralized cryptocurrency. Just like the internet, it isn’t controlled by any single entity so anyone can use it at will. Bitcoin is very easy to divide into smaller units, easy to trade with and can be stored. It is a faster, easier and more secure way of moving and storing money.
What is Ethereum?
Ethereum is a decentralized blockchain platform founded in 2014 by Vitalik Buterin. Like Bitcoin, Ethereum is an open-source project that is not owned or operated by a single individual. This means that anyone, anywhere can download the software and begin interacting with the network. Unlike the Bitcoin network, the primary purpose of Ethereum is not to act as a form of currency, but to allow those interacting with the Ethereum Network to make and operate 'smart contracts' without having to trust each other or use a middleman. Smart contracts are applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third party interference - a smart contract will work exactly the same every time it is used. Ethereum uses a 'virtual machine' to achieve all this, which is like a giant, global computer made up of many individual computers running the Ethereum software. The virtual currency unit that allows this system to work is called ether. People interact with the Ethereum network by using ether to pay the network to execute smart contracts. Ethereum aims to take the decentralization, security, and openness afforded by blockchains and extend those to virtually anything that can be computed.
What is Bitcoin Cash?
Bitcoin Cash (BCH) is a direct result of a Bitcoin fork that occurred on August 1, 2017. It is an alternative version of Bitcoin that makes use of new features and rules, and has a different development roadmap.
What is Cryptocurrency?
Cryptocurrency is basically a virtual exchange medium that uses cryptography in order to secure its transactions and control the creation of the system units. Meaning, cryptocurrency simply represents money in the digital marketplace nothing else. It is based on open-source software, cryptography and networking. It lets people or users avoid fees or the lowest fees as compared to what your banks are charging. The system takes part in the non-cash transactions that is anonymous while guaranteeing a secure transaction.
How do I buy Cryptocurrency on Muda?
Using Web browser Go to the Buy & Sell page.
  • Select the type of digital currency you'd like to buy.
  • Enter the amount you'd like to buy denominated in either digital currency or your local currency.
  • Select your desired payment method.
  • Confirm the order is correct and click Buy.
Using the iOS & Android Tap the “Buy Crypto” on the screen to open the modal..
  • Select the type of digital currency you'd like to buy.
  • Enter the amount you'd like to buy denominated in either digital currency or your local currency.
  • Select your desired payment method.
  • After reviewing your order, tap the Buy button.
 
How do I sell Cryptocurrency on Muda?
Using Web browser Go to the Buy & Sell page.
  • Select the type of digital currency you'd like to sell.
  • Enter the amount you'd like to sell denominated in either digital currency or your local currency.
  • Select where you want your funds deposited.
  • Confirm the order is correct and click Sell.
Using the iOS & Android Tap the “Buy Crypto” on the screen to open the modal..
  • Select the type of digital currency you'd like to buy.
  • Enter the amount you'd like to buy denominated in either digital currency or your local currency.
  • Select your desired payment method.
  • After reviewing your order, tap the Buy button.
How do I send Cryptocurrency on Muda?
Using Web browser Go to the Wallets page.
  • Enter the address you’d like to send your cryptocurrency to.
  • Enter the amount you'd like to send denominated in either digital currency or your local currency.
  • Review and Confirm the order is correct and click Send.
Using the iOS & Android Open the muda app.
  • Select the type of digital currency you'd like to send on the dashboard.
  • Tap the send button on the selected cryptocurrency page.
  • Enter the address of the wallet you’d like to send your cryptocurrency to.
  • Click on continue.
  • Enter the amount you’d like to send denominated in either digital currency or your local currency.
  • Click on continue
  • Review and Confirm the order is correct and click Send.
How do I receive Cryptocurrency on Muda?
Using Web browser
  • Go to the Wallets page.
  • Copy your cryptocurrency wallet address.
  • Or click on “Display QR Code”
  • Using the iOS & Android
Open the muda app.
  • Select the type of digital currency you'd like to receive on the dashboard.
  • Tap the receive button on the selected cryptocurrency page.
  • Confirm that you understand the information displayed.
  • Copy your cryptocurrency wallet address
How do I get the Muda App?
Go to either the Google Play Store or Apple App Store and search for Muda. Click on Install and follow the instructions on the app.
Can I trade Cryptocurrency of Muda without an Account?
Not yet, but we are working on the feature.

We are always here to help

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