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Understand the Interest Bearing ETH wallet
Interest Bearing ETH (ibETH) is a digital currency. It is not like your fiat currency. It's one type of currency in the form of digital code. Let's understand in brief, you can store your fiat currency in a hard wallet, but how can you store your digital currency when the point comes to security? Here, the Interest Bearing ETH wallet came into existence.
A Interest Bearing ETH wallet is one type of application or software program, or you can say it's a digital application where you can store/hold your Interest Bearing ETH without any hesitation because it's very safe. Technically, it's like a bank. Once you credited your currency to the bank. Your bank application shows the number that you have credited to the bank. Same in the Interest Bearing ETH wallet, you will see the exact amount you have invested and a quantity according to your money.
Now the question is, what else comes in the wallet? The wallet comes with a security key (private key) called a wallet address to accept and send the Interest Bearing ETH.
Let's understand how wallets work.
- How can you receive Interest Bearing ETH?
- Start google and type Interest Bearing ETH.com wallet app and choose to receive options.
- Select in which wallet you want to receive Interest Bearing ETH. Keep in mind selecting a BCH wallet option if you are receiving Interest Bearing ETH cash. Else select ibETH wallet while you want to receive Interest Bearing ETHs.
- Now, the wallet generates an address. At that address, you can receive coins. Copy that address and provide it to cryptocurrency exchange or any person who is sending you Interest Bearing ETHs.
How can you send Interest Bearing ETH?
- Open the Interest Bearing ETH.com wallet app and select the Send option.
- The first way is to scan the QR code with your phone app or copy the receiver address into your mobile app.
- Choose the right wallet, select BCH while sending Interest Bearing ETH Cash or select ibETH while you want to send Interest Bearing ETHs.
- Enter the correct value before sending. And before it, check all the details carefully because any small mistake will put you in trouble.
There is not any wallets exist to store Interest Bearing ETH coins