Our Coin Philosophy at The Flip App
How do you chose form the 1000s of crypto currencies out there? Our carefully curated coin selection strategy is designed to cater to a wide range of needs, all to make it simple for you.
Tuesday 27 February 2024 13:22
At The Flip App, we believe in empowering our users with choices that reflect the diversity and dynamism of the cryptocurrency world. How do you choose from the thousands of cryptocurrencies out there when all you want to do is to just send funds? We’ve spent countless hours sifting through the vast array of options to bring you a carefully curated coin selection strategy. This strategy is designed to cater to a wide range of needs, from significant financial moves to everyday transactions and even small, fun exchanges. Here’s a closer look at our philosophy and the reasons behind our coin choices:
For Large Payments
Bitcoin (BTC): The original cryptocurrency, Bitcoin stands unmatched in its security and liquidity. Ideal for substantial financial transactions, it offers peace of mind and reliability for users making significant moves. While Bitcoin’s transaction fees are relatively higher, starting from three dollars and up, and its processing times can exceed 10 minutes, its dominance and popularity ensure that Bitcoin is widely available to convert to local currency in most countries.
Tether (USDT) on Polygon: For stable and large transactions, we’ve chosen USDT on the Polygon network. This combination provides the stability of a fiat equivalent with the added advantage of lower transaction fees, making it perfect for sizeable, secure transfers without the volatility traditionally associated with crypto.
For Everyday Payments
Dogecoin (DOGE): Known for its user-friendly approach and widespread recognition, Dogecoin’s lower transaction fees and fast processing times make it suitable for a range of everyday payments. Its popularity means Dogecoin is widely available to convert to local currency in most countries. Here’s what one of our users had to say: “I love Dogecoin and the fact that a lot of my friends know about it, and some of them even have some. It makes it super easy for me to use it in everyday situations.”
USDT (Tether): To facilitate daily transactions without the burden of high costs, USDT on Polygon offers an efficient and stable medium. This ensures that everyday payments are seamless and economical.
Small Payments Among Friends
Dingocoin (DINGO): Standing out as an accessible and affordable choice, Dingocoin is ideal for micro-transactions among friends. With its transaction fees now completely waived by The Flip App, flipping Dingocoin has become even more enticing. This move to free transactions encourages more spontaneous exchanges, making it the go-to option for those fun, small-scale transactions that add joy to our daily lives. While Dingocoin’s journey in the crypto space is relatively recent, and it may only be convertible to local currency in certain areas, its community is rapdily expanding its reach. This evolution is a testament to our commitment to not just follow the market trends but to actively contribute to a user-friendly crypto environment.
Our Commitment
Choosing the right mix of cryptocurrencies for The Flip App wasn’t just about following trends; it was about aligning with our mission to make crypto transactions as straightforward and enjoyable as sending a text message. Each coin we’ve selected plays a crucial role in this ecosystem, ensuring that whether you’re making a significant investment, paying for daily expenses, or just having fun, The Flip App has you covered.
As we look to the future, we remain dedicated to exploring and incorporating digital currencies that further our vision of making crypto accessible and usable for everyone, everywhere. Stay tuned for more exciting developments!
Call to action
Haven’t yet joined or tried The Flip App? Experience simplicity for yourself and see how our approach to cryptocurrency transactions can make a difference in your daily life. Join us now and be a part of a community that values ease, security, and choice in the crypto world.