Ethereum Mainnet is just one of several blockchains to support buying, selling, and trading crypto in the Giddy app.
What can I do with Ethereum in the Giddy app?
With Ethereum Mainnet support in your Giddy wallet you’ll be able to:
Fiat-to-Crypto Purchases: Buy your favorite tokens on Ethereum via bank transfer, credit card, debit card, Apple Pay® or Google Pay®
Trade: Seamlessly trade between your favorite tokens on Ethereum
Send and Receive: Easily send and receive Ethereum-based coins with a single swipe
Cash Out: Cash out your crypto back to your bank, or, convert your Ethereum-based USDC, USDT, and Ether into gift cards at thousands of the world’s best brands across over 150 countries.
All of these features will be accessible right from your Giddy wallet, right now.
Ultra-Secure Private Key Technology 🛡️
We know that managing private keys can be a daunting task for many. Traditional wallets require you to manage a seed phrase, which if lost, can result in losing access to all your funds. Some estimates show as much as 20% of all bitcoin has been lost forever because of this. This is a big responsibility and a major pain point for so, so many.
At Giddy, we’ve developed a unique private key management solution that does not require a seed phrase. Instead, we split the private key into multiple parts that are owned by you, the user. These include:
User-Generated Password: A password that you create and only you know
Hardware Device: In this case, your phone. This is like converting your phone into something like a Ledger or Trezor, except only part of your key is held there
Social Login: Your Gmail or AppleID account
Giddy Backup: Encrypted and protected by Giddy
Any one factor is useless on its own, reducing risk of compromise. And if one is lost or compromised, you can still recover your funds using two other parts. For example, if you lose your phone, you can still access your funds using your user-created password and social login. This way, you have full control over your funds without the stress of losing access to them.
And, if you still prefer the traditional way, you can export your private key if you so choose. (But be careful out there!)