We are delighted to share a significant milestone in our journey to providing cutting-edge services for our esteemed users. Bitmama is proud to announce the integration of the Algorand Network into our platform, specifically with our USDC and USDT wallets. However, what does this mean for you? Let’s break it down:
Algorand Network: A Brief Overview
The Algorand Network is an independent decentralized blockchain network that offers a wide range of applications. It is the world’s first pure proof of stake (PoS) fundamental blockchain. Algorand network consists of a collection of high-performance Layer-1 blockchain that offers high security, privacy, speed, and scalability.
With this strategic integration, Bitmama users gain access to a high-performance network, resulting in more efficient and smoother crypto transactions at lower costs.
Key Features of Algorand Integration on Bitmama
- More transaction options: Users can now conduct fund transfers for both USDC and USDT seamlessly via the Algorand network, providing heightened flexibility for managing their digital assets.
- Streamlined fund transfer process: Additionally, funding your Bitmama USDC or USDT wallet becomes a streamlined process with Algorand integration. A simple click on “Fund,” selection of the Algorand network, and sharing of the crypto address along with the provided Note ensure a successful transaction.
- Easy withdrawals: Withdrawals are equally simplified. Users can select the Algorand network, input the crypto address and Note obtained from the corresponding account, and effortlessly transfer their funds.
- Minimal withdrawal fee: Lastly, the Algorand network offers added convenience with a withdrawal fee of 1 USDT/USDC per transaction.
How to trade crypto via the Algorand network on Bitmama
Follow the steps below to trade crypto via the Algorand network on Bitmama:
- Log in to your Bitmama app.
- Navigate to wallets and select “USDC” or “USDT”.
- Click “Fund” to share both the crypto address and the Note. Withdraw with the Algorand network too by providing the crypto address and note of the wallet you wish to withdraw to.
These updates signify more than just technological enhancements; they represent our dedication to providing you with a crypto journey that’s seamless, secure, and tailored to your needs.
To enjoy these exciting updates, download the Bitmama app, register, and get verified up until level 3.
For any questions or assistance, our support team is just an email away. Reach out at [email protected].