OneCurrency FAQ

Answers to the most common questions about security, fees, backups, and offline use.

Getting Started

Core questions about what OneCurrency is and how to begin. Go to tutorial section

Is OneCurrency custodial or non-custodial?

Non-custodial. You hold the keys. OneCurrency never has access to your Bitcoin.

What cryptocurrencies does OneCurrency support?

OneCurrency is a Bitcoin (BTC) wallet. It's built for Bitcoin transactions and Bitcoin backups (seed phrase).

Can I import an existing Bitcoin wallet into OneCurrency?

Yes. If you have your seed phrase, you can restore or import the wallet in OneCurrency.

Can I create multiple Bitcoin wallets in OneCurrency?

Yes. If you want to separate funds (savings vs spending), create separate wallets and back up each one individually.

Do I need to provide ID or KYC?

No. There is no KYC. You can create a wallet without signup.

Safety & Dont Lose Money

Common safety issues and what to do when something goes wrong. Go to tutorial section

What happens if I send Bitcoin to the wrong address?

Bitcoin transactions are irreversible. Always double-check the address (or scan a QR code) before sending.

What happens if I send Bitcoin to an exchange or merchant and they say they didn't get it?

Confirm the transaction ID on a Bitcoin block explorer and verify the receiving address matches and the transaction has confirmations. If the address is correct and it's confirmed, the recipient must credit it on their side.

What if my transaction is stuck (pending) for a long time?

This usually happens when the network fee is too low during high congestion. You can either wait, or (if your wallet supports it) use a fee bump option to speed it up.

Backups & Recovery

How to protect your seed phrase and restore safely. Go to tutorial section

What if I lose my phone or laptop?

If you backed up your wallet (encrypted JSON or QR), you can restore on any device with the backup and password. If you did not back up, the funds are unrecoverable.

What if OneCurrency shuts down?

Your Bitcoin is safe. Your seed phrase works with any compatible wallet like Electrum, BlueWallet, or Sparrow.

What's the difference between the seed phrase and the encrypted backup (JSON/QR)?

Seed phrase: universal recovery method that works with many compatible Bitcoin wallets. Encrypted backup (JSON/QR): convenient restore for OneCurrency, protected by your password. Best practice: store both, separately.

Where should I store my seed phrase?

Offline, in at least two separate secure places (e.g., a safe plus locked storage). Never store it in plain text in email, notes apps, or cloud drives.

Can someone steal my Bitcoin if they get my seed phrase?

Yes. Anyone with your seed phrase can control the funds. Treat it like the master key to your money.

If I change phones, how do I move my OneCurrency wallet?

Restore on the new device using your seed phrase or encrypted backup plus password. Then confirm you can see your balance before wiping the old device.

Is my backup secure?

Encrypted backups are protected by your password. Keep the password secret and store backups in multiple safe places.

Fees & Pricing

Clear answers about network fees and platform fees. Go to tutorial section

What are the fees?

Receiving is free. Sending includes the fixed platform fee (0.00003337 BTC) plus the Bitcoin network fee, which is shown before you send.

Why do Bitcoin network fees change?

Bitcoin network fees fluctuate based on demand (mempool congestion). When more people are transacting, fees rise.

Does OneCurrency charge a fee to receive Bitcoin?

No platform fee is applied to receiving. Receiving may still involve the sender's network fee.

Does OneCurrency charge the $3 platform fee for every send transaction?

Yes. Each send includes the fixed platform fee (0.00003337 BTC) plus the variable Bitcoin network fee.

Can the platform fee change?

If it changes in the future, it should be clearly shown before you send.

How long do transactions take?

It depends on the fee. Higher fees confirm faster. OneCurrency shows fee estimates so you can choose your speed.

Privacy & Trust

What OneCurrency can and cannot see, plus phishing protection. Go to tutorial section

Does OneCurrency track my Bitcoin balance or transactions?

Your private keys stay on your device. Bitcoin transactions are public on the blockchain. Any additional tracking depends on your site or app analytics choices, so keep it simple and transparent.

How can I avoid phishing sites pretending to be OneCurrency?

Only use the official domain and bookmark it. Never enter your seed phrase on random sites. OneCurrency will never ask you for your seed phrase to verify anything.

Offline Mode

How offline preparation works and what it protects. Go to tutorial section

Can I use OneCurrency offline?

Yes. You can create wallets and prepare transactions offline. Reconnect only when you want to broadcast.

What does prepare transactions offline mean?

You can create a wallet and build a transaction without internet. You'll need to reconnect to broadcast it to the Bitcoin network.

Is offline mode safer?

It reduces exposure while you're generating keys and preparing transactions, but you still need to protect your seed phrase and backup password.

Faucet

Common support questions and anti-abuse limits. Go to tutorial section

How do I claim free sats?

Open onecurrency.net/onefaucet/, paste your receiving address, solve the captcha, and claim. Withdrawals start at 30,000 sats.

Why is there a minimum faucet withdrawal (30,000 sats)?

Minimums prevent spam and reduce overhead. It's a threshold to keep the faucet sustainable.

What if the faucet says try again later or blocks my claim?

Faucets often rate-limit to prevent abuse. Try later and make sure you're using a valid Bitcoin address.