Pay is a smart wallet that supports password-free and facial recognition payments. It enables you to send and receive USDC and USDT quickly on X Layer, Tron, and other major Ethereum-compatible networks. Transactions on X Layer incur no extra fees. To enhance security, Pay utilizes advanced technologies like passkeys, multi-signature protocols, and ZK Email recovery, ensuring you maintain full control over your funds.
Additionally, Pay allows seamless transfers between your Pay account and exchange account. You can also send and receive digital assets directly to other on-chain wallet addresses.
Beyond payments, Pay includes social features. For instance, you can transfer money directly within a chat with friends or create group chats to send red packets. While sending assets to other wallet addresses is straightforward, please note that standard gas fees apply for these on-chain operations.
Prerequisites for Activating Pay
Before you begin the activation process, ensure you meet the following requirements:
- You have successfully registered a personal account on the platform.
- You have passed identity verification on the platform.
- You are ready to create a passkey. Note: Android devices require access to Google services to complete this step.
- Your verified identity is not from a restricted region.
- Your app is updated to the latest version. We recommend iOS 16+ or Android 7+ for the best experience.
Step-by-Step Activation Guide
Activating your Pay account is a simple process. Just follow these steps:
Switch to the Pay Homepage: Open the app. At the top, tap [Exchange] to switch to [Pay], then tap [Experience Now].
Follow the Activation Prompts: On the Pay page, tap [Activate Pay]. Complete the required security verification steps (as displayed on your screen) to successfully activate your account.
The Role of Passkeys in Pay Account Activation
A Pay account is fundamentally a smart contract wallet. Activating it involves creating a unique passkey, which is essential for its operation.
- Smart Contract Foundation: Your Pay account operates as a smart contract on the blockchain. This requires a more secure and specific key management system compared to traditional wallets.
- Automatic Creation: The passkey is generated automatically during the Pay account activation process. It is your primary tool for authorizing all actions.
- Mandatory for Transactions: Every transaction within the Pay ecosystem must be digitally signed using this passkey for verification and security purposes. This ensures that only you can authorize movements of your funds.
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Pay Passkey vs. Exchange Passkey: Key Differences
It is crucial to understand that the passkey for Pay is entirely separate from any passkey you may use for an exchange account.
- Independent Systems: The Pay passkey and an exchange passkey are part of two completely different and independent security systems.
- Separate Creation Required: Even if you already use a passkey to log in to and verify transactions on an exchange, you must create a new, dedicated passkey specifically for your Pay account.
- Distinct Functions: Your Pay passkey is used exclusively to sign transactions and operations within the Pay mode. It cannot be used for exchange activities, and vice versa.
Best Practices for Passkey Management
We strongly advise against using third-party passkey manager apps for creating and storing your Pay passkey.
- Risk of User Error: Third-party software often lacks the precise risk-interception mechanisms needed for such sensitive operations. This can lead to accidental deletion of your passkey.
- Recovery Difficulties: If a passkey is lost or deleted within a third-party app, recovery can be extremely challenging or impossible. There is also a risk of passkeys being overwritten.
- Recommended Native Solution: For the highest level of security and reliability, particularly on Apple operating systems, we recommend using the native key management software—typically called "Passwords" in your device settings—to save and manage your passkeys. This integrated system is designed for optimal security and seamless recovery.
Frequently Asked Questions
What is a Pay account?
A Pay account is a smart contract wallet that facilitates fast, secure digital asset transactions and social payments. It supports popular stablecoins and uses advanced security features like passkeys to give users full control.
Why do I need to create a separate passkey for Pay?
Since Pay is a smart contract wallet, it operates on a different security protocol than a standard exchange account. A dedicated passkey is required to sign all Pay-specific transactions, ensuring an isolated and secure authentication method.
What happens if I lose access to my Pay passkey?
The recovery process depends on your initial setup. Pay integrates with technologies like ZK Email recovery to help users regain access. It is vital to follow the security prompts carefully during activation to set up a recoverable account.
Can I use Pay without completing identity verification?
No, completing identity verification (KYC) on the platform is a mandatory prerequisite for activating a Pay account. This is a standard security measure to protect users and comply with regulations.
Are there fees for sending assets to external wallets?
Yes, while sending assets to another Pay user may be fee-free on certain networks like X Layer, sending assets to an external, non-Pay wallet address will always require paying the network's standard gas fee for the transaction.
Is my Pay balance the same as my exchange balance?
No, your Pay account and exchange account are separate. While you can easily transfer funds between them, they hold distinct balances. You must initiate a transfer to move assets from one to the other.