Cryptobuxx is not a official tender in any country. Think of it as a gift certificate that can be redeemed for a specific amount of a specific cryptocurrency.
Unlike a paper wallet, crypto box does not use a public and private key to store the value. This has proved to be less secure in the past. We use a 256 bit encryption that provides a unique identifier for every bill. On top of that we include a security code that is protected by a scratch off covering to ensure the bill is not redeemed by unauthorized individuals.
No, we hand select specific coins based on their overall popularity and current value. As CryptoBuxx grows in popularity, we will continue to add additional coins and tokens.
Each CryptoBuxx has a security code Used in the redemption process that is protected with a scratch off covering. If that covering is removed, then there's a good chance that the Buxx has been redeemed although checking on the website is the only way to be sure.
The QR code on the front of every CryptoBuxx is a convenient way to go to the redemption page and check the current value of the Buxx and/or redeem it. Simply use your mobile device camera to scan the code and click on the link to learn more about that specific CryptoBuxx.
Redeeming a crypto box is easy. Simply scan the QR code on the front of the bill be taken to the redemption page. Scratch off your security code and type that code into the appropriate field. Next add the public key to your existing Crypto Wallet or create a new crypto wallet. click on the submit button and the coins will be transferred to your wallet.
Since each cryptobuxx has a unique 256 bit encrypted identifier, you need to redeem them one at a time. The good news is that The redemption process is very easy.
Unfortunately no. Cryptobuxx, like cash, can be redeemed at any time and if lost cannot be replaced.
Feel free to contact us using the contact form on our website.