Gifto Chain Wallet FAQ

This article was first published on Stories by Gifto Official on Medium
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Q: What is Gifto Wallet? What can I do with it?

The Gifto Wallet enables crypto users to send crypto tokens like GTO, BTC, ETH, and USDT to a friend on social media and instantly, as well as create custom blockchain gift tokens on-chain (coming soon).

Q: How is Gifto Wallet different from other wallets?

Gifto Wallet is the world’s first crypto wallet specifically for creating and sharing blockchain gifts.

Q: What’s the difference between a crypto gift and a blockchain gift?

Crypto gift: Users can send each other crypto (ETH, BTC, USDT, etc.) in the Gifto Wallet。

Blockchain gift: gift tokens on Gifto Chain with a custom name, description, image, etc (token creation coming soon).

Q: How do I send a crypto gift?

Step 1: Add the Gifto Wallet bot on Telegram

Step 2: Deposit GTO/ETH/USDT tokens from an on-chain or exchange wallet

Step 3: Choose “send tokens” in the bot

Step 4: Choose currency to send, amount, and type a friend’s Telegram @username

Step 5: Send!

We’re adding “send via link” and other sharing features soon.

Q: What are the withdrawal and transaction fees?

During the beta period of the Gifto Wallet and testnet phase of Gifto Chain, both withdrawal and transaction fees for gifts sent in the wallet is 0.5% of the amount being gifted/ sent via the wallet + gas fees (calculated separately). This applies to all cryptocurrencies, such as ETH, GTO, etc.

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Stories by Gifto Official on Medium

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