Yes, we've started offering deposits via Bitcoin. This might scare some of you, but lets face it, digital currencies are here to stay and we want to both offer as many forms of deposit as possible, as well as staying ahead of the payment curve. Both PayPal and CashApp now offer Bitcoin wallets built right into their applications...so here's a collection of FAQ questions just on our new Bitcoin payments!
PLEASE NOTE: While Bitcoin deposits are generally very quick, blockchain verification can vary and can take as along as 24hrs in some instances. Your funds will be added to your account as soon as our provider verifies that the blockchain transaction has been updated and verified.
1) Can I use Bitcoin to deposit funds on my account?
Yes, you can deposit funds into your RUSH account using Bitcoin.
2) Do I need to create a new Bitcoin wallet to deposit money?
No, we support all types of Bitcoin wallets.
If you're new to Bitcoin and looking for a Bitcoin wallet to utilize, here are a few that are recommended on the Internet (we have no association with any of these, so "buyer beware"!)
Exodus - Rated Best beginners wallet
Electrum - Rated Best for Advanced Users
Mycelium - Rated Best for Mobile Users
3) Will my fund deposit be instantly available on my account?
As soon as we get verification of the funds being sent we will credit the funds to your account.
4) Will I receive my account credits in Bitcoin?
No, we automatically convert Bitcoin into US dollars.
5) Can I see the exchange rate before depositing funds with Bitcoin?
Yes, we display and lock the exchange rate for 25 minutes.
6) Is the exchange rate competitive?
Yes, we are partnering directly with exchange platforms to offer advantageous rates.
7) Is this deposit method safe?
Yes, we are guaranteeing your fund deposit like any other form of payment
8) Can I withdraw via Bitcoin?
Yes, we can send it right back to you. We use a "voucher" system where we send out a voucher via email that can then be converted to bitcoin. Bitcoin withdrawals generally take less than 48hrs to post to your bitcoin wallet