Frequently Asked Questions

What is Civic Wallet?

Civic Wallet is a digital wallet that provides a safe, easy way for you to send, receive, and store digital currencies.

Does Civic Wallet charge any fees?

Civic Wallet is free to download and use. Small fees may apply to certain digital currency transactions, and a small fee may be charged to buy digital currencies.

What digital currencies do you support?

We currently support USD Coin (USDC), Bitcoin (BTC), Ether (ETH), and Civic (CVC). Additional currencies will be supported in the future.

What can I do with Civic Wallet? Where can I use it?

We’re offering two main functionalities in the wallet when we launch:

1. You may onboard and store digital currencies including USDC, ETH, BTC, and CVC. Additional currencies will be supported in the future.
2. You may send and receive digital currencies by entering a username or wallet address, or by scanning a QR code.

What makes Civic Wallet different from competitors?

We’re building a wallet that combines identity and payment in one. Not only does Civic Wallet allow you to verify your identity once and use it again and again, it also offers you the ability to transition between traditional and digital currencies, all while meeting security requirements with our compliance wrapper for partners.

How do you keep my private information safe?

Keeping our users’ money and information safe is our priority. To do this, we leverage advanced strategies and technology, including blockchain, encryption and strong data protection policies.

What makes Civic Wallet more secure than other digital wallets?

Civic Wallet is designed for privacy, is non-custodial, and uses an open-source, blockchain-based ecosystem to verify credentials.

What countries are restricted from using Civic Wallet?

Nationals and residents of the following countries are restricted from using Civic Wallet: Afghanistan, Algeria, Bangladesh, Belarus, Bolivia, Burundi, Cambodia, Central African Republic, China, Colombia, Congo, Côte d’Ivoire, Cuba, Cyprus, Ecuador, Egypt, Eritrea, Haiti, Indonesia, Iran, Iraq, Jordan, Lebanon, Liberia, Libya, Morocco, Myanmar, Nepal, North Korea, Pakistan, Russia, Saudi Arabia, Somalia, South Sudan, Sri Lanka, Sudan, Syria, Taiwan, Ukraine, United Arab Emirates, Venezuela, Vietnam, Yemen, and Zimbabwe.

What is the Coincover $1 Million Cryptocurrency Protection Guarantee?

Your Civic Wallet is automatically enrolled in our $1 Million Cryptocurrency Protection Guarantee for cryptocurrency holdings up to a value of $1 million USD per wallet, insured by Lloyd’s of London underwriters.‍ This means that you will be able to recover your funds in the event that Civic ceases operations due to business failure, catastrophic systems failure or catastrophic data loss. The Guarantee provides you with an alternate way to access and recover your funds. Your Civic Wallet is also guaranteed for account and key recovery, even after the death of the owner. This protection comes automatically when signing up for Civic Wallet, and there are no extra steps you need to take in order to be eligible. Please note that stolen funds are not covered by the Coincover Cryptocurrency Protection Guarantee. See Coincover Certificate of Protection Coverage here.

Is Coincover available for all Civic Wallets?

The Coincover Cryptocurrency Protection Guarantee is available to all countries currently supported by Civic Wallet. Visit Coincover’s Terms & Conditions page for more information.