Crypto-Assets: An Overview
Crypto assets are entirely digital assets that rely on public ledgers accessible via the internet to prove ownership.
To create, verify, and secure transactions, they employ cryptography, peer-to-peer networks, and distributed ledger technology (DLT) such as blockchain.
There are various types of crypto assets available on the market. They are commonly referred to as cryptocurrencies, such as Litecoin, Ripple, Bitcoin, and Ethereum.
Related: How to deposit on truzact
To access digital assets you will need to use cryptographic techniques, as this will serve as a medium of exchange for all financial transactions.
Other types of crypto assets include utility coins, security coins, and cryptocurrencies. The currency is protected in order to create more units and transfer assets. The majority of these cryptocurrencies are based on blockchain technology.
Truzact is a safe cryptocurrency wallet that allows users to store, save, invest, and DCA crypto-assets. A secure digital asset management platform you can fall back on, with a strong Next-of-Kin design in the unfortunate event of death or absence.
You can use the Truzact app as a crypto wallet to store your cryptocurrencies, transact, save, and invest to earn 10-20% ROI per annum.
How to save assets on a Truzact account
Aside from the return you make on your savings, we realize how effortless it can be to squander your money; however, using our savings features helps you stay on the right track while automating the entire savings process.
In this article, we will run you through how to save your assets with the AutoSave feature on the Truzact wallet.
The AutoSave feature
Truzact AutoSave Option allows you to set up auto-debits from your deposit wallet balance to your Truzact savings wallet until you reach your savings goal.
Related: How to complete your kyc on truzact
You can set the AutoSave to daily, weekly, or monthly, and you can specify the amount and exact time that money should be transferred from your deposit wallet to your savings wallet.
How To Enable AutoSave on Truzact wallet
- Login to your Truzact wallet account here
- From your account dashboard click on the save button, see the image below;
- You will be directed to a savings page where you can choose the type of savings you want to make. Now click on ‘AutoSave’
- Set your preferred AutoSave option on the next page, tap on the ‘AutoSave Off’ to enable AutoSave and then click the ‘Submit’ button.
In the next round, you will begin receiving debits that correspond to the entries you made in your AutoSave settings.
- All interest earned will be moved to your wallet on savings maturity
- The minimum AutoSave is $1
If you have an active AutoSave running in your account, you may want to disable it for one or more reasons. Here’s how to do that.
For the InstantSave option, click.