Crypto Wallet

Internal & External Wallet

In the world of WIRTUAL, we have two wallets:

1. Internal Wallet

2. External Wallet

1.Internal Wallet (Without gas fees)

This is where you will receive WIRTUAL coins from submitting the results of your day to day exercise activities. The following transactions involve this wallet:

  • Making in-app purchases with coins
  • Using coins in exchange for discounts on store items
  • Gaining coins from activity result submissions (occurs daily, after 00.00 UTC+0)


2.External Wallet (With gas fees)

This wallet functions on the Blockchain platform. Operating like any other cryptocurrency wallet, all transactions occurring through this wallet incurs a gas fee (the gas fee can be paid with WIRTUAL coins). This wallet operates on Binance Smart Chain and can be used in the following ways:

  • Transferring WIRTUAL coins outside of our platform such as to an exchange, metamask, etc.
  • Transferring other coins (non-WIRTUAL coins) into the External Wallet to be held on the WIRTUAL platform
  • Holding working coins on Binance Smart Chain (BSC)

Transaction Costs

1. Transfers from Internal Wallet to External Wallet

  • Free for any transfers occurring 30 days after the coin has entered the Internal Wallet
  • A transfer fee of 15% is charged on transfers involving coins that have been held in the Internal Wallet for less than 30 days.

Examples:

Case 1: coins were received from a challenge on 1 September. It was then transferred from the Internal Wallet to the External Wallet on 1 October of the same year.

Transaction cost: free

Case 2: coins were received on 1 - 10 September, involving a total of 10 result submissions (one submission for each day of the challenge). Note that coins are distributed to the Internal Wallet daily at 00.00 UTC+0. The coins were then transferred from the Internal Wallet to the External Wallet on 1 October of the same year.

Transaction cost: free for the coin received on 1 September. 15% charged on coins received on 2-10 September.


2. Transfers from External Wallet to other platforms

Other platforms such as an exchange, metamask, etc.

Transaction cost: 3 USD per transaction. Can be paid for with WIRTUAL coins in equivalent value.


3. Transfers from other platforms into the External Wallet

Other platforms such as an exchange, metamask, etc.

Transaction cost: stipulated and paid to the platform the coins were transferred from

How to Transfer

How to transfer coins from other platforms into the External Wallet

  1. Copy the External Wallet's address on the WIRTUAL application
  2. Paste the wallet address on the specified section on other platform
  3. Choose the Binance Smart Chain system
  4. Click "ok" and wait for the coins to be transferred. It can take approximately 1-5 minutes for the transfer to be completed depending on the amount transferred

How to set up your External Wallet

  1. Open your External Wallet
  2. Enter your 6 digit pin (if you forget your pin, you will lose all access to the wallet). Any action you take with your wallet will require authentication through your 6 digit pin
  3. The External Wallet is now ready to be used