Non-custodial wallet FAQ

No. SpendTheBits is a self-custody wallet, not an exchange. There is no order book, no matching engine, no market maker, no trading pairs and no price-based swaps. You cannot trade one cryptocurrency for another in the app, and we never take custody of your funds — so there is nothing for us to trade against. We are also not partnered with any third-party exchange and integrate no exchange, aggregator, swap router or DEX.

No. SpendTheBits does not offer swaps, trades or conversions between different assets at a market rate. The app is for holding, sending, receiving and earning on the crypto you already own. If you want to trade, you would do that elsewhere and send the result to your SpendTheBits wallet.

No. There is no fiat on-ramp or off-ramp anywhere in the app — you cannot buy cryptocurrency with fiat currency, and you cannot sell cryptocurrency for fiat. SpendTheBits only ever handles crypto you already hold, and it never holds it for you.

No. Bridging moves the same asset between networks: Circle's CCTP burns your USDC on the origin chain and mints the identical USDC on the destination chain at 1:1. The asset does not change, there is no counterparty and no price is involved. It is a transfer between networks, not a trade of one asset for another.

FXRP is your XRP represented on the Flare network, and wrapping is not a trade. It uses Flare's decentralized FAssets protocol at a fixed 1:1 ratio in both directions — wrap XRP into FXRP, unwrap FXRP back into XRP, always one for one. There is no market rate, no spread and no counterparty taking the other side, which is what would make it an exchange. It works like a wrapped-asset bridge, and it exists so XRP holders can access yield on Flare.

SpendTheBits is non-custodial and offers no exchange or fiat conversion, so we are not a money transmitter or exchange operator and we do not hold a Money Services Business (MSB) registration. Holding your own keys does not require an account with us. We do screen every outbound recipient address against sanctions and risk lists before a transaction can be signed, block transactions to flagged addresses, and quarantine unverified inbound tokens so a scam airdrop can never masquerade as real funds.

Yes, fully. Your seed phrase and private keys are generated and stored only on your device, in the OS keychain, and never reach our servers. The backend only ever sees public data like addresses and extended public keys. We prepare unsigned transactions and relay what your device signs; we can never move your funds.

SpendTheBits is architected so that your safety never depends on trusting us. Your private keys and recovery phrase are generated and stored only on your device, inside the operating system's hardware-backed keychain and gated behind biometric authentication, and they never reach our servers. Transaction signing runs in an isolated on-device layer that is forbidden from touching the network or storage. Every payment is screened for recipient risk and protected by an anti-swap broadcast firewall and an address-poisoning guard, while unverified scam tokens are quarantined so they can never masquerade as real funds. Because the wallet is fully non-custodial, no employee, attacker, or third party can move your assets.

Centralized exchanges and custodial apps hold your private keys, which means they can freeze your account, pause withdrawals, or lose your funds if the company fails. SpendTheBits is fully non-custodial: you alone hold the keys, on your own device, so your crypto cannot be frozen or seized and it remains yours even if our company disappears. Unlike a bare hardware or browser wallet, SpendTheBits also delivers exchange-grade features, including recurring payments, money streaming, cross-chain bridging, crypto gift cards, and an AI copilot, without ever taking custody. You get the convenience of a custodial super app with the ownership guarantees of genuine self-custody.

Your funds live on-chain, controlled by keys only you hold. Because nothing custodial sits between you and the blockchain, you can restore your seed phrase into any compatible wallet and keep full access, independent of us.

They use a revocable on-chain allowance (an EIP-2612 permit) that you sign once. It caps the maximum that can ever move and you can revoke it at any time. It is an allowance, not an escrow, your funds stay in your own wallet until each transfer happens.

One seed derives addresses for Bitcoin, Litecoin, Ethereum, Base, Linea, BNB Chain, Polygon, Avalanche, Solana, XRP, TRON, Flare and Sui, plus the USDC and USDT stablecoins (USDT on both Ethereum and TRON), Flare's FXRP, and RLUSD and USDC on the XRP Ledger. USDC is held as one balance across every chain it lives on and can be bridged natively with Circle CCTP. Bitcoin can also move instantly over Lightning. Polkadot (DOT) is display-only.

Yes. Sui is supported as a native chain (Ed25519 keys derived from the same seed), and Ether on Base and Linea, Coinbase's and Consensys' Ethereum layer-2 networks, is held at the same address as your Ethereum, priced as ETH, with gas paid in ETH. All three come from the one recovery phrase, with signing on your device, exactly like every other chain.

Your USDC is shown as a single balance that aggregates every chain it lives on, so you see what you actually own, not a fragmented list. When you send, the app spends from the right chain automatically, and you can move USDC between chains natively using Circle's CCTP. The same aggregate view applies to USDT across its Ethereum and TRON rails. Adding a new chain is a one-line change in the app's registry, so the wallet is built to scale as more networks come online.

Yes, and non-custodially. A Lightning node runs on your phone, initialized from your own seed, so you pay invoices and Lightning addresses (and receive at your own @handle Lightning address) without any server-side node, hot key, or channel we control. Our servers only coordinate with public data like invoices and payment hashes.

Only genuine, verified token contracts count as real funds. Inbound transfers from unverified contracts are quarantined and clearly flagged, they are never priced into your balance, and you can hide them entirely. Combined with recipient risk-screening, an address-poisoning guard, and clear-signing, what you see is always what you actually own.

No. Idle stablecoins are deposited into vetted on-chain vaults that you control. The optional automation is cryptographically scoped to withdraw only back to your own address, capped by amount and time, so even a full server compromise could never send your funds anywhere but back to you.

No. The Copilot is strictly prepare-only, it can draft a payment or an Earn move and explain it, but every action still has to be reviewed and signed on your device. AI proposes; your device disposes.

You can restore from your seed phrase, or use social recovery: your secret is split into Shamir shares held by guardians, and recovery requires an M-of-N threshold that you can cancel. There is also an optional dead-man’s-switch inheritance flow for heirs.

We are transparent about costs. Blockchain network (gas) fees always apply and go to the network, not to us. A few actions — bridging, Earn withdrawals, agent payments — carry a small service fee, under 1%, and Earn takes a small share of the yield you earn (never your principal). Every fee is shown up front before you confirm, there are no hidden charges, and the full live schedule is in the app and summarized on our Pricing page.

You can move native USDC between supported chains using Circle’s CCTP. Your device signs the burn transaction and the transfer settles on the destination chain via Circle’s attestation. Any integrator fee is shown before you confirm, and, like everything else, the bridge never takes custody of your funds.

Yes. Pick a brand, get a fixed quote, and pay in any supported crypto. Your device sends the exact amount straight to the provider through the normal wallet flow, SpendTheBits never prices, rounds, or holds your funds. The catalogue is tailored to your country automatically.

Yes. You can switch between mainnet and testnet in the app, so you can explore sending, receiving and other flows without real funds. Network selection is resolved server-side, so the chain you sign for always matches where it is broadcast.

Trust should not require faith. Your keys are generated and stored only on your device, the signing code is isolated from the network, and our servers only prepare and relay, never sign. You can read exactly what we store (and never store) in our Trust Center, and you can restore your seed into any compatible wallet at any time.

A non-custodial crypto wallet is a wallet in which you, and only you, control the private keys that authorize transactions. The keys and recovery phrase are generated and stored on your own device rather than by a company, so no third party can access, freeze, or move your funds. SpendTheBits is a fully non-custodial wallet: keys are created on-device and never leave it, and our servers only prepare unsigned transactions and relay the ones your device signs. This is the difference between owning your crypto outright and trusting a custodian to hold it for you.

Download SpendTheBits free from the App Store or Google Play, then create a new wallet in under two minutes. The app generates your recovery phrase on-device and walks you through backing it up securely. From there you can receive crypto across all 13 supported chains, send to addresses or human @handles, bridge stablecoins between chains, schedule recurring payments, and buy gift cards, with no account, custodian, or third party ever holding your funds.

Yes, SpendTheBits is free to download and use on both iOS and Android, with no subscription. The only unavoidable costs are blockchain network (gas) fees, which are paid to the network rather than to us. A small service fee — under 1% — applies to a few actions such as bridging, and it is always shown up front before you confirm, with the full schedule visible in the app and an overview on our Pricing page.

Yes, SpendTheBits is built for both iOS and Android.