FAQs

Q: What is BITx?
A: BITx = Bitcoin ideology + XRP Ledger utility. BITx is a social money token running on the XRP Ledger, it is much faster, much more environmentally friendly and much cheaper to transact with than Bitcoin.

 

Q: How do I get, hold & send/receive the BITx token?
A: Follow the simple step-by-step guide below:


1) Install a free mobile app wallet that supports BITx: There are a number of wallets available which can hold BITx, we recommend the free, self-custody Xaman wallet App

2) In order to activate your wallet and get it ready to hold BITx you'll need to send it some XRP: Once installed send 20 XRP to your new wallet address. If you don't have any XRP yet you can get some by using the fiat onramp within the Xaman wallet App or by using a centralised exchange such as Bitrue

3) Now your wallet has been activated you need to enable it to hold BITx: Simply follow this link, click confirm and scan the QR code using the Xaman wallet App

4) Exchange some XRP for BITx: Sign-in to the Sologenic decentralised exchange and follow this link where you can exchange some XRP for BITx

5) Now that your wallet is holding the BITx token you can send BITx to any other wallet which is setup to accept BITx, you can also receive more BITx into your wallet from anyone else!

 

Q: What is bitxbay.com?
A: bitxbay.com exists to promote BITx and other enitities relevant to BITx and the XRP Ledger.