FAQ

Cryptocurrency is a digital payment system that doesn’t rely on banks to verify transactions. It’s a peer-to-peer system that can enable anyone anywhere to send and receive payments. Instead of being physical money carried around and exchanged in the real world, cryptocurrency payments exist purely as digital entries to an online database describing specific transactions. When you transfer cryptocurrency funds, the transactions are recorded in a public ledger. Cryptocurrency is stored in digital wallets.

In short a blockchain is a distributed database, or ledger, that is shared among nodes of a computer network. The data that gets stored in this distributed ledger through blocks, every transaction is a new block and gets linked to the previous block, hence the name blockchain. This design means that every transaction is stored decentralized on ‘the blockchain’ and is always transparent and immutable.

NFT stands for Non-fungible token, which basically means that it’s unique and not interchangeable. As opposed to Non-fungible tokens, Fungible tokens, like Bitcoin or Ethereum, are interchangeable and indistinguishable. This means that the one Bitcoin in your wallet has the same value as the one Bitcoin of another person or entity. In the case of Non-fungible tokens, each asset has its own unique characteristics. These tokens represent ownership of digital assets, such as art or in-game items where one asset is not the same as the other.

A wallet is an address on a blockchain to where transactions and NFT’s can be sent and stored. These wallets can be on a platform such as Metamask or Binance or you can choose a cold wallet where you can store all your funds safely offline.

MetaMask is a popular and established browser extension which functions as a cryptocurrency wallet. Metamask wallet is compatible with the most widely adopted browsers such as Chrome, Firefox, Brave and Microsoft Edge. As such, it’s the one of the best solutions for easy access to decentralized exchanges and gaming platforms.

In today’s digitized world, gaming is becoming increasingly more relevant. The average gamer spends 8+ hours a week playing in the digital realm. The pandemic significantly accelerated the P2E movement as people were at once bored at home and often without their usual source of income – what better in that situation than an online game that not just provides entertainment, but a stream of income.

Your funds and NFTs are in whichever wallet that you connected to your account when you registered. It is your sole responsibility to remember and keep safe your cryptocurrency wallet credentials and the tokens inside that wallet.

• If you registered through the Web3 option, you likely have a MetaMask wallet (https://metamask.io/), or a Brave wallet if you use the Brave browser).

Use the link above to access your wallet. When you have accessed your wallet, there are tools within it to withdraw your tokens.

• Bitsniper utilises blockchain technology and therefore a wallet is required in order for you to be able to interact with this blockchain technology. Your wallet will securely authorise your access to the website and help you to keep track of any transactions that you perform. 
• It will act as storage for Polygon Network tokens that you hold, as well as any virtual goods that you own, such as weapons or property. For example, when you earn some $AMMO via Bitsniper Play2Earn, you will need a place to store it.
• A cryptocurrency wallet provides you with true ownership of everything that you purchase, earn or win. You will always have control and access to these virtual goods as long as you remain in control of your wallet.

It is not possible to change the wallet that is connected to your Bitsniper account. This is mainly due to technical reasons within the Polygon blockchain that are beyond our control.

You can however, register a new account and connect the wallet that you wish to use for the new account.

Change your username and email address on your existing account to something else. This will allow you to re-use them on the new account.

You can transfer $AMMO tokens to your preferred wallet. There is a send option within the wallet.

You can transfer NFTs, such as weapons and NFT-skins to another of your wallets using the “Gifting” features on NFT exchanges like OpenSea and Rarible.

Triple check that any wallet addresses you are sending your $AMMO and NFTs to is correct before initiating the transfer. There is no way to recover currency or NFTs that were sent to an incorrect address.

KYC means Know Your Customer. We have to do this is to ensure we can verify the personal details of our customer and to comply with the European guidelines (Anti-Money Laundering and Anti-Terrorist Financing Act).

Anti-money laundering (AML) refers to the laws, regulations, and procedures intended to prevent criminals from disguising illegally obtained funds as legitimate income.