FAQ
General Questions
What is JPYT Wallet?
JPYT Wallet is a non-custodial digital wallet specifically designed to store, send, and receive JPYT—a stablecoin pegged 1:1 to the Japanese Yen.
With a focus on simplicity and security, JPYT Wallet enables users to engage in digital yen transactions seamlessly, without needing in-depth blockchain knowledge.
JPYT Wallet integrates advanced blockchain technology, offering features like Passkey-based access and gasless transactions using JPYT as the native fee currency.
How does JPYT Wallet work with JPYT as a gas token?
Unlike other wallets that require a separate token (such as ETH) for transaction fees, JPYT Wallet uses JPYT itself as the gas token.
This means that all transaction fees within the wallet are paid in JPYT, streamlining the experience for users.
This approach simplifies the process by allowing users to focus solely on JPYT, eliminating the need to manage multiple assets. It provides a single-currency experience that reduces complexity, making transactions more intuitive for users of all levels.
Is JPYT Wallet safe?
Yes, JPYT Wallet is designed with multiple layers of security to ensure the safety of your assets.
As a non-custodial wallet, it provides each user with full control over their private key, which is securely encrypted and stored on the user’s device.
Additionally, JPYT Wallet utilizes Passkey authentication, allowing users to access their wallet through their device’s built-in security features, such as Face ID or fingerprint recognition. This structure ensures that only the wallet owner can access the wallet, offering both security and convenience.
What is the difference between JPYT Wallet and other cryptocurrency wallets?
JPYT Wallet stands out for its specialized focus on JPYT transactions, its use of JPYT as the gas token, and its integration of Passkey technology for secure, user-friendly access.
Unlike typical wallets that require managing multiple tokens and complex security protocols, JPYT Wallet simplifies the user experience by making the process straightforward for everyone.
With JPYT Wallet, users can perform transactions with minimal friction, eliminating the need for technical expertise while maintaining top-level security through innovative features.
Setting Up and Using JPYT Wallet
How do I set up my JPYT Wallet?
Setting up JPYT Wallet is a quick and intuitive process. To create an account, simply download the JPYT Wallet app and initiate the setup process.
The only requirement is to authenticate using your device’s Passkey, which will act as your private key.
This passkey-based system ensures that you don’t need to memorize or store complex security keys; the wallet leverages the security of your device to secure your assets. Once authenticated, your JPYT Wallet is ready for immediate use, providing an accessible entry into the digital yen ecosystem.
What is Passkey, and why is it used in JPYT Wallet?
Passkey is an advanced security feature that allows users to rely on their device’s biometric authentication (like Face ID or fingerprint) as a substitute for a traditional private key. In JPYT Wallet, Passkey serves as the gateway to wallet access, removing the need for complex passwords or private key memorization.
This makes the wallet both secure and highly accessible, as users only need their device to access their account. By using Passkey, JPYT Wallet simplifies security while retaining the high-level protection required for digital assets.
Can I change my username or avatar in JPYT Wallet?
No, usernames and avatars in JPYT Wallet are permanent and cannot be changed once set. This is because usernames and avatars are stored on the blockchain as Address Book NFTs, making them unique, irreplaceable, and securely tied to your account.
This permanence ensures that each username is distinct and provides a reliable form of identification on the blockchain, adding an extra layer of authenticity and security to user profiles.
What happens if I lose my passkey?
If you lose your passkey, JPYT Wallet cannot recover or restore your wallet or assets.
Since JPYT Wallet is non-custodial, only you have access to your passkey, making it crucial to store it securely.
Without the passkey, your wallet and the funds within it are effectively inaccessible. We highly recommend setting up secure, backup options for your device to prevent loss of access, as losing your passkey results in permanent loss of access to your wallet.
Transactions and Fees
How can I send JPYT to other users?
Sending JPYT to other users is straightforward and secure. To initiate a transaction, open the JPYT Wallet app, enter the recipient’s username, and verify their profile (including their avatar) to avoid errors.
Since JPYT itself is used as the gas token, you won’t need any additional tokens to cover transaction fees, simplifying the process. This design allows users to transfer funds instantly without the hassle of managing multiple tokens or gas fees.
Is there a fee for creating a subscription QR code?
Yes, there is a fee of 50 JPYT for issuing a subscription QR code. This one-time fee enables you to generate a unique QR code that can facilitate automated subscription payments.
This QR code can then be shared with customers or embedded into a website, allowing for seamless and recurring payments. The 50 JPYT fee ensures a reliable setup and processing for recurring transactions, making it easy to manage subscription services through JPYT Wallet.
What is the cost of collecting monthly subscription payments?
Each monthly subscription payment collection incurs a fee of 50 JPYT.
This fee covers the processing and transaction costs associated with managing recurring payments, ensuring smooth, uninterrupted service.
The cost structure is designed to provide a straightforward and affordable option for both the service provider and the customer, making JPYT Wallet an ideal choice for recurring payment setups.
Can I withdraw funds from JPYT Wallet to an external wallet?
Yes, JPYT Wallet supports withdrawals as ETH on the Ethereum chain, allowing users to convert JPYT back into a widely used asset.
However, please be aware that withdrawals to exchange wallets are not supported, as they may result in lost funds.
To prevent this, ensure you are only withdrawing to a compatible, non-exchange wallet that can securely receive ETH. Withdrawals are typically processed within 30 minutes, providing quick access to funds.
Top-Ups and Funding
How can I top up my JPYT Wallet?
Topping up your JPYT Wallet is simple and convenient. You can convert Japanese Yen to JPYT directly using a credit or debit card, allowing for quick funding.
Additionally, you have the option to swap ETH for JPYT on Uniswap, making it easy to top up from crypto assets. These flexible funding options cater to both fiat and crypto users, enabling you to increase your JPYT balance easily.
How long does it take to top up JPYT Wallet?
The top-up process may take up to 30 minutes due to the time required for network confirmations.
Once the transaction is complete, JPYT will be available in your wallet, ready for immediate use. This processing time ensures accuracy and security, allowing users to confidently manage their digital yen holdings without extended wait times.
Support and Troubleshooting
How can I receive notifications for my JPYT Wallet transactions?
To stay informed about your JPYT Wallet activity, you can enable notifications directly in your browser. This feature provides real-time alerts for balance changes, incoming transactions, and other important wallet activities.
By turning on notifications, you can monitor your wallet without needing to log in constantly, making it easy to keep track of your transactions and ensure all activities are accounted for promptly.
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