This is where you can find the answers to the most commonly asked questions.
What is cPay Today?
cPay Today is the most innovative bitcoin exchange for those looking for a simpler trading experience. Offering a bitcoin payment platform and a bitcoin wallet makes cPay Today the only crypto coin app you will need. One of our innovative features makes Buying and selling bitcoin easy with bitcoin price highlighting based on the price you paid for the crypto coin. Instantly see whether your making or losing money without opening a spreadsheet. Another innovative feature is our instabuy bar. This bar fills up based on the % of your order that will be automatically filled by existing bitcoin sell orders, removing the need to scan lists of buy and sell orders.
What is Bitcoin?
Bitcoin is the first digital currency, based on distributed blockchain technology. The crypto coin is created by mining bitcoin with ever increasing block difficulty. Bitcoin is the worlds first secure digital currency. Bitcoin can not be over printed, only mined 50 blocks at a time to a max total of 21 million crypto coins. This makes sure that bitcoin can never suffer over inflation via over printing. There is also no way other then mining to create bitcoin, which makes it the first currency that can not be counterfeited.
How to buy Bitcoin?
You can buy bitcoin directly from us, at the best bitcoin price we can find you on the many exchanges we watch or you can make a deposit of Canadain dollars and place a buy order/execute a buy order on our crypto currency exchange. After purchasing your bitcoin you can either spend them via our bitcoin payments or withdraw them to your bitcoin wallet.
How to sell Bitcoin?
You can sell bitcoin directly to us, at the best bitcoin price we can find you on the many exchanges we watch or you can make a sell order to sell your bitcoin for Canadian dollars/execute a sell order on our crypto currency exchange. After selling your bitcoin you can make a cash withdraw to your bank via e-transfer, wire transfer or western union (various withdraw fees apply).
What currencies can I buy and sell bitcoin in?
You can only buy bitcoin with Canadian dollars currently.
What are your bitcoin exchange fees?
Our fees are .2% across the board for order takers, with the ability to pay them with our soon to be released crypto utility coin that we will always accept at 1.5x current market rate. Email me at email@example.com if you would like to prebuy our crypto utility coin or if you would like to help with our ICO.
How will you protect private keys against being stolen?
We will use a formula that keeps all but the needed funds for the next 6 hours of expected withdraws in cold wallets. So in a worst case scenario, the most our bitcoin exchange would lose would be the expected withdraws for the next 6 hours. Which if happened we would have no problem replacing.
What is INSTAPAY?
Its an instant payment system that has 0 confirmation wait time and 0 fees for sending and receiving supported crypto coins. It accomplishes this by utilizing off chain technology where the micro payments do not need to be written to the blockchain which saves the fee that makes mirco payments infeasable with bitcoin currently.
Is your exchange live?
As of right now we are just in a beta release where the trial exchange is open to the public. The live exchange is coming very soon.
Can I send coins with your wallet?
Currently we only support viewing balances and transactions. We are working on adding in sending and receiving support, and we are taking our time to make sure we get it right.
What crypto coins do you support?
We support Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), and Dogecoin (DOGE). We are working at adding more coins and hope to have at least 10 supported coins when our exchange and payment system go live.
What is a trial exchange?
Our trial crypto currency exchange is a place where you can trade with fake money for fake coins to gain experience with our crypto currency exchange. You start with $200,000 and the crypto exchange will sell crypto for market rate to you. You can create buy/sell orders in the same way you will on our live exchange. Try our crypto currency exchange simulator today!