Frequently Asked Questions

Frequently Asked Questions

Yug Wallet is a decentralized wallet application that allows you to manage your digital assets on a decentralized blockchain network

Yug Wallet supports a variety of digital assets, including cryptocurrencies, tokens, and other digital assets that are compatible with the blockchain network.

Yug Wallet uses your wallet private key and a decentralized storage platform to securely store your digital assets on the blockchain network. Yug Wallet does not store your digital assets on its servers, which provides added security and protection against potential hacks or data breaches.

Yes, Yug Wallet is designed with security in mind. Your wallet private key is encrypted and stored securely on your device, and your digital assets are stored on the blockchain network using your wallet private key and a decentralized storage platform.

No, if you lose your wallet private key, you will not be able to recover your wallet or your digital assets. It is important to keep your wallet private key safe and secure.

It is important to back up your wallet private key in case you lose your device or need to restore your wallet on a new device. Yug Wallet provides you with a recovery seed phrase that you should store securely and never share with anyone.

Yes, you can use Yug Wallet with multiple devices as long as you have access to your wallet private key and recovery seed phrase.

Yug Wallet does not charge any fees for using the service. However, you may be subject to transaction fees when sending or receiving digital assets on the blockchain network.

No, Yug Wallet requires you to create an account and generate a wallet private key to use the service. However, Yug Wallet does not collect any personal information or store any data on its servers.

Since Yug Wallet does not store your digital assets on its servers, a hack of the Yug Wallet application would not result in the loss of your digital assets. However, it is important to keep your wallet private key and recovery seed phrase safe and secure to prevent unauthorized access to your digital assets.

Yug Wallet is designed with security in mind and uses best practices to protect your digital assets. However, it is ultimately up to you to decide whether you trust the service with your digital assets.

Bringing user's off-chain behaviour,
compliance checks, KYC on-chain

Company

Quick Links

Copyright © 2023 Yug Network