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Understand the RYI Platinum wallet
RYI Platinum (RYIP) 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 RYI Platinum wallet came into existence.
A RYI Platinum wallet is one type of application or software program, or you can say it's a digital application where you can store/hold your RYI Platinum 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 RYI Platinum 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 RYI Platinum.
Let's understand how wallets work.
- How can you receive RYI Platinum?
- Start google and type RYI Platinum.com wallet app and choose to receive options.
- Select in which wallet you want to receive RYI Platinum. Keep in mind selecting a BCH wallet option if you are receiving RYI Platinum cash. Else select RYIP wallet while you want to receive RYI Platinums.
- 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 RYI Platinums.
How can you send RYI Platinum?
- Open the RYI Platinum.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 RYI Platinum Cash or select RYIP while you want to send RYI Platinums.
- Enter the correct value before sending. And before it, check all the details carefully because any small mistake will put you in trouble.
Here, you should know how many wallets exist today to store RYI Platinums or any cryptocurrency coins. There are web, mobile, and hardware wallets that are in work today to store or hold any cryptos or RYI Platinums.