Question 1

Which ID verification type should I use?

Accepted Answer

To ensure security and smooth customer experience, we require customers to verify their identity. For ID verification, you will be required to enter your National Identification Number (NIN), usually a 10‑digit number, your verification will be completed within minutes. To get your NIN Dial *346*1# from a SIM card registered to you.

Question 2

Does this platform offer a promotional program or bonus for inviting friends to download the app using my unique referral code?

Accepted Answer

Yes! iPayBTC offers a referral program where you can earn rewards for inviting friends to download the app using your unique referral link. Here’s how it works:

1. Go to the iPayBTC app and find your refer and earn feature
2. Share the link with friends, family, or your network.
3. Earn rewards when they sign up and complete their first transaction!

Question 3

What is Satoshi converter?

Accepted Answer

A Satoshi Converter helps you convert Bitcoin to its smallest unit, Satoshis (sats). Example: 1 BTC = 100,000,000 Satoshis. iPayBTC provides an easy way to check these conversions!

Question 4

What is a bitcoin address?

Accepted Answer

A Bitcoin address is a unique string of letters and numbers used to send or receive Bitcoin. Think of it as your "crypto bank account number."

Question 5

What is the minimum Bitcoin amount required to create a wallet or initiate a transaction?

Accepted Answer

No minimum balance is required to create an iPayBTC wallet. The minimum amount depends on network fees and transaction type.

Question 6

My Google authenticator code is not working, what should I do?

Accepted Answer

Go to Google Authenticator and delete the Google auth
Try resyncing your codes in the Authenticator app.
If you recently changed devices, disable and re‑enable 2FA from your account settings.
Still having issues?, Contact iPayBTC Support for account recovery assistance.

Question 7

Can I change my name after verification?

Accepted Answer

After your name has been verified with your legal documents, you cannot change your name again. If there has been an error with the verification, you can reach out to support with an updated copy of the accurate ID documents

Question 8

My lightning send‑out attempts are failing, why?

Accepted Answer

Contact iPayBTC support immediately.

Question 9

How to send Bitcoin (On chain)?

Accepted Answer

Log in to your iPayBTC account.
Navigate to "Send Bitcoin" in your wallet.
Choose On‑Chain Network for the transaction.
Enter the recipient’s Bitcoin address (double‑check to avoid errors).
Input the amount you want to send.
Review transaction details and confirm.
The transaction will be processed and recorded on the Bitcoin blockchain

Question 10

What is a bitcoin transaction hash?

Accepted Answer

A Bitcoin transaction hash (TXID) is a unique identifier assigned to every Bitcoin transaction. It is a 64‑character hexadecimal string (made up of numbers and letters a–f) that serves as a fingerprint for a specific transaction and can be used to track the status of a bitcoin transaction on the blockchain

Question 11

What is the minimum and maximum amount I can send or receive via the lightning network?

Accepted Answer

Minimum Amount: No minimum—you can send or receive any amount of Bitcoin.
Maximum Amount: You can send up to 150,000 sats (0.0015 BTC) per transaction, and receive any amount

Question 12

My email is not accepted for sign up, what should I do?

Accepted Answer

Double‑check that you're entering a valid and correctly formatted email.
Avoid temporary or disposable emails—iPayBTC only accepts trusted email providers.
If the issue persists, try a different email or contact iPayBTC Support.

Question 13

Can I change my phone number or Email?

Accepted Answer

No, you can’t change your email or phone number, kindly contact support for such a request.

Question 14

My ID verification process is not working, why?

Accepted Answer

Ensure your ID type is supported.
Make sure your personal details are not mismatched.
Sometimes, ID checks take longer due to high demand. If it's been more than 24 hours, contact iPayBTC Support.

Question 15

My verification has been pending for a long time.

Accepted Answer

Usually, we complete verification after 5 to 10 minutes of submitting the required documents. If it is taking longer, this may be due to downtime on the verification chain, which is usually resolved in no time. If verification is pending for more than 24 hours, kindly reach out to our support directly to investigate the situation.

Question 16

How to send Bitcoin (Lightning network)?

Accepted Answer

Log in to your iPayBTC wallet.
Click on "Send Bitcoin" and select "Lightning Network."
Paste the recipient's Lightning Invoice or URL.
Enter the amount you want to send.
Review transaction details and confirm the payment.
Done! Your Bitcoin is sent instantly with minimal fees.

Question 17

How to sign up?

Accepted Answer

Download the iPayBTC app or visit the official website ipaybtc.app
Click on "Sign Up."
Enter your email and create a strong password.
Verify your email/phone with the OTP sent to you.
Set up Two‑Factor Authentication (2FA) for extra security (recommended).
Verify your account with the KYC feature
You're all set! Start trading and transacting with Bitcoin.

Question 18

What is a bitcoin wallet?

Accepted Answer

A Bitcoin wallet is a digital tool that allows you to store, send, and receive Bitcoin securely. iPayBTC provides a user‑friendly wallet to manage your BTC effortlessly.

Question 19

I have not received the payment made to me via lightning, why?

Accepted Answer

Wait a few minutes and check again.
Ask the sender for a transaction ID and confirm if it was completed.
If the issue persists, contact iPayBTC Support with the transaction details.

Question 20

What is a lightning network?

Accepted Answer

The Lightning Network is a second-layer solution for Bitcoin that enables fast, low‑fee transactions.

Question 21

What is refer and earn?

Accepted Answer

iPayBTC’s referral program rewards you for inviting friends to join. Simply share your unique referral link and earn rewards when they sign up and complete transactions.

Question 22

What is p2p?

Accepted Answer

P2P (Peer‑to‑Peer) trading allows users to buy and sell Bitcoin directly with each other, without a middleman. IpayBTC’s P2P marketplace ensures secure and smooth transactions.

Question 23

What type of cryptocurrency can I trade on iPayBTC?

Accepted Answer

Currently, iPayBTC supports Bitcoin (BTC) trading through P2P, Lightning Network, and on‑chain transactions. More assets may be added in the future!

Question 24

A partner sent me some Bitcoin and I have not received it in my iPayBTC wallet

Accepted Answer

If you have this experience, kindly reconfirm if payment was sent to the correct address you provided from your iPayBTC wallet. For unusual long periods, kindly reach out to our support. Alternatively, transactions on the Bitcoin blockchain can be publicly tracked on the mempool using the transaction hash.

Question 25

My OTP for sending out is not arriving on my phone?

Accepted Answer

If you’re not receiving your OTP (One‑Time Password) when trying to send Bitcoin, try these steps:

• Check Network Signal — Ensure you have a strong mobile network connection.
• Confirm Phone Number — Verify that your registered phone number is correct in iPayBTC settings.
• Resend OTP — Wait for 30‑60 seconds and tap "Resend OTP" to try again.
• Check Spam Messages — Some SMS providers may filter OTP messages.
• Try a Different Method — email OTP or Google Authenticator.
Still not working? Contact Support.

Question 26

What are value added services?

Accepted Answer

iPayBTC’s Value‑Added Services let you use Bitcoin for everyday expenses like:

• Buying airtime & data
• Paying electricity bills
• Satoshi converter

Question 27

My Bitcoin send‑out is pending for a long time

Accepted Answer

Usually, Bitcoin transactions are processed based on the Bitcoin blockchain processing time, so we do not have control over the time the transactions are processed. When the pool is congested, it might take a longer period to process a transaction. If your withdrawal is taking an unusually long period, kindly reach out to our support.

Question 28

What is KYC verification?

Accepted Answer

KYC (Know Your Customer) is a process where users verify their identity for security and compliance. It helps prevent fraud and ensures a safer platform for all iPayBTC users.

Question 29

What is the maximum Bitcoin balance I can hold in my wallet?

Accepted Answer

There is no fixed limit on how much Bitcoin you can hold in your iPayBTC wallet. However, always ensure you follow security best practices for safe storage.

Question 30

What is the minimum Bitcoin amount I can send or receive in a single transaction?

Accepted Answer

For Lightning payments, the minimum is typically a few satoshis (smallest Bitcoin unit). For on‑chain transactions, the minimum depends on network fees at the time of sending.

Question 31

How do I enable two‑factor authentication for my account?

Accepted Answer

Protect your account with 2FA:

• Go to Settings > Security > Enable 2FA.
• Download Google Authenticator or Authy.
• Copy the secret key or the QR code provided by iPayBTC.
• In the Authenticator app, paste the key and label it “iPayBTC”.
• Copy the 6‑digit code and sync it with iPayBTC. 2FA is now activated!

Question 32

What is Onchain network?

Accepted Answer

The On‑Chain Network refers to Bitcoin transactions that are processed directly on the Bitcoin blockchain. These transactions are secure but can take longer due to network congestion.

Question 33

What is a LN Address?

Accepted Answer

An LN (Lightning Network) address works like an email for Bitcoin Lightning transactions. It allows users to send and receive BTC instantly over the Lightning Network.

Question 34

What happens if I send bitcoin to a wrong address?

Accepted Answer

Unfortunately, Bitcoin transactions are irreversible. Once sent, funds cannot be retrieved unless the recipient willingly sends them back. What You Can Do:
1. Double‑check the address before confirming.
2. If you know the recipient, contact them immediately and request a refund.
3. If the address is invalid, the transaction may fail, and your Bitcoin will remain in your wallet.
4. If the address is valid but incorrect, your funds are lost unless the owner returns them.

Question 35

I am not receiving any emails in my registered mail. Why?

Accepted Answer

Check your spam/junk folder—sometimes emails get filtered.
Ensure your email storage isn’t full.
If using work or school emails, your admin may be blocking external messages.
Try adding iPayBTC’s email to your safe sender list.

Question 36

How can I dispute a trade on iPayBTC?

Accepted Answer

If there’s an issue with your P2P transaction:
• Go to the Trade History section.
• Click on the affected order and select “Raise a Dispute.”
• Provide necessary details and evidence (screenshots, payment proof).
Our support team will review and resolve the dispute promptly.

Question 37

How to receive Bitcoin (lightning network)?

Accepted Answer

Go to your iPayBTC wallet and click "Receive Bitcoin."
Select "Lightning Network."
Enter the amount you wish to receive.
Generate and copy your Lightning Invoice (QR code or payment request link).
Share it with the sender.
Once completed, you'll receive Bitcoin instantly!

Question 38

How to receive Bitcoin (on chain)?

Accepted Answer

Go to your iPayBTC wallet and click "Receive Bitcoin."
Select On‑Chain Network.
Your unique Bitcoin wallet address will be displayed.
Copy the address or scan the QR code to share with the sender.
Once completed, you’ll receive the Bitcoin after confirmation on the blockchain.

Question 39

My P2P order is complete, but I did not receive the equivalent Bitcoin in my wallet.

Accepted Answer

Step 1: Check your transaction history in the app.
Step 2: Ensure the seller has marked the trade as completed.
Step 3: If your order still isn’t credited, contact iPayBTC Support immediately.

Peer to Peer Bitcoin Trading in Nigeria with iPayBTC

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