Cointorox is a digital piggy-bank allowing users to easily jump into the world of cryptocurrencies. Whenever a user purchases the ‘Savings Packages’ on a monthly basis or as a one-off payment, their savings are automatically converted and stored as cryptocurrencies. Users can request to withdraw their savings in USD or coins (exported as wallet private keys).
What are the main features of Cointorox?
Lock-in Feature: Users can lock their funds for a period of 30 days by purchasing the lock-in feature with OROX. This feature is used to prevent users from breaking their own savings and to further protect their accounts from potential thefts.
Insurance Feature: Users can activate the insurance feature with OROX. This feature lasts for 30 days upon activation and can be re-activated at any time. By activating Insurance, a user’s initially saved USD amounts are always guaranteed during a fiat withdrawal. This means no matter how low the user’s coin portfolio values are at time of fiat withdrawal, the user will get back the exact amounts saved in USD when he/she decides to ‘sell all & withdraw USD’. MORE INFO
Sell All & Withdraw USD: Users can simply sell all of his/her coin holdings and withdraw savings in USD. When a user sells all of his/her coin holdings, they are converted at the exact market price(s) at time of conversion – no hidden fees guaranteed. USD withdrawals can be made via Bank Transfer or PayPal and the fees are 3%. Please note that OROX cannot be converted & withdrawn in USD. OROX must be converted/exchanged with other users via the in-app exchange available on the dashboard.
Withdraw Coins: Users can withdraw their coin holdings at any time they wish to do so. Withdrawal fees for coins are 1.5% + Standard TX Fees.
Why should users buy 'Savings Packages' instead of buying coin individually?
Users can save time on registering on various exchanges
Users can save time on researching good & sustainable projects
Users can directly acquire top-tier cryptocurrencies easily in a single purchase
Users can setup monthly subscriptions to acquire cryptocurrencies
Users can save their money digitally and keep track of their total savings and withdrawals
Users can save their money flexibly by making one-time payments or subscribing to a monthly plan which can be cancelled and modified at all times
Users can avoid the volatile markets and only enjoy making profits with the Insurance Feature
Users can lock their savings to prevent themselves from using them
Zero card processing fees & deposit fees
How can I start using Cointorox?
1. Register an account
2. Setup your profile
3. Select your savings package (one-time? or monthly?)
4. Start saving!
How are savings automatically converted?
When a user saves money on Cointorox, his/her savings are automatically converted into cryptocurrencies. Conversion rates are guaranteed to match the market price(s) at time of conversion. Users will receive a ‘fund transfer notification’ email when the conversion has been completed. This conversion usually takes between 15 minutes to a few hours, depending on the conversion amounts.
How are the funds secured?
Cointorox has implemented industry-standard security features to better protect and store your data, including your funds.
It must be noted that any funds you convert, send, and receive via your account are reflected as mere data on the platform. These data represent your funds and no actual money or coins are stored on the server. All coins are safely stored in hot (30%) and cold (70%) wallets.
Hot wallets are funds ready for immediate withdrawals. All withdrawals do go under manual check by the withdrawal team (on standby 24/7). Withdrawal requests with amounts lower than those available in our hot wallets will be withdrawn almost instantly.
However, if your withdrawal funds are large and it requires more funds from our cold (offline) wallets, our withdrawal team will manually check and send funds to you within a few hours. All withdrawals are manually checked and approved by our withdrawals team who are on 24/7 standby.
All data will be encrypted and stored in multiple different servers with 3 different live data back-up systems. Additionally, when a user purchases a savings package & savings get converted into coins, the user also receives coin addresses to allow them to publicly track their funds on each respective coin’s blockchain explorer.