Satoshi, The Bitcoin App
Introduction
Satoshi is your all-in-one Bitcoin app, designed to meet all your Bitcoin-related needs including buying, earning, learning, and beyond. This guide will simplify the registration process and introduce you to the optional Know Your Customer (KYC) procedure, facilitating a secure and smooth initiation into your Bitcoin journey.
Getting Started on Satoshi
On the Satoshi app, you have the option to create a new wallet or import an existing Bitcoin wallet. Here's how to do either:
Creating a New Wallet
Download and open the Satoshi app
Select "Create wallet"
Enter your email address
Confirm the 4-digit verification code sent to your email
Set and confirm your PIN code
After these steps, your Satoshi account is ready. You can immediately receive Bitcoin both on-chain and via the Lightning Network.
Importing an Existing Wallet
Select "I already have a wallet"
Enter your seed phrase
Tap the "Import" button
You will then access Satoshi with your self-custodial wallet. Satoshi also allows the creation of additional self-custodial wallets.
Warning: Handle your seed phrase, the gateway to your bitcoin, with extreme care. Importing it into applications or digital wallets carries substantial risks. Use only trusted, secure platforms, safeguard your seed phrase diligently, and never disclose it to unreliable sources to prevent irreversible asset loss or theft.
KYC on Satoshi
While KYC verification is not mandatory for using Satoshi, it is necessary for accessing specific features due to our focus on security and compliance. This guide aims to streamline the KYC process on Satoshi, ensuring a seamless experience.
Understanding KYC
KYC is a process to verify your identity, ensuring transaction safety on Satoshi. While not mandatory for all, it is required for features like the Exchange account and trading Bitcoin.
Requirements
Documents: A valid government-issued ID, email verification and a photo selfie.
SSN: Recommended to increase limits, but not required.
For Non-KYC Users
Satoshi welcomes users even without KYC verification, allowing access to a range of basic functionalities, albeit with some limitations
Exchange Account: Without KYC, Satoshi's custodial exchange service, is unavailable.
Bitcoin Trading: Users without KYC can send and receive Bitcoin but cannot buy and sell.
Customer Support: Support exists for all users, but those without KYC may face restricted assistance.
For KYC-Verified Users
Completing the KYC process unlocks Satoshi's full spectrum of features, enhancing the user experience.
Exchange Account: KYC-verified users enjoy unrestricted use Satoshi's custodial exchange service.
Bitcoin Trading: Verified users have full access to buy and sell Bitcoin.
Enhanced Support: Users with KYC verification receive priority customer enhanced for fast and thorough assistance.
If you are looking to access the full range of Satoshi's services, the KYC process is straightforward and seamless.
Completing KYC
Begin KYC verification by engaging in an activity that necessitates it.
Submit your government ID, legal name, physical address, and date of birth.
Optionally, provide your SSN to increase limits.
Take a verification selfie.
Submit documents for immediate approval; occasional manual reviews might extend this period.
Gain immediate access to advanced features after verification.
Need Help? Contact Satoshi customer support for guidance at every step.
Availability
Now: Open to US citizens
Future: Expanding globally
Conclusion
Satoshi delivers a secure and intuitive platform for Bitcoin users at all levels, tailored to diverse needs and preferences. With this guide, you are ready to begin your journey with Satoshi. Stay tuned for upcoming updates and features!