PayString - How does it work?

Useful information about PayString registration, deposit and withdrawal

Valery avatar
Written by Valery
Updated over a week ago

What is PayString?

PayString is a payment identifier protocol developed by Ripple and provides a single ID for anyone needing to send or receive money.

You can register for your unique PayString, username$, which will allow you and other senders to deposit funds into the App with ease.

Supported cryptocurrencies for PayString deposits:

BTC, XRP, ETH, CRO, and supported ERC-20 tokens.

You can also whitelist external PayString to withdraw funds from the App. Depending on the external PayString, most of the App-listed coins can be withdrawn to the whitelisted PayString.

Supported cryptocurrencies for PayString withdrawals:

BTC, XRP, ETH, CRO, and supported ERC-20 tokens.

When can I register for a PayString?

Users eligible for early registration will be able to register first during the exclusive registration period from 19 October to 2 November 2020 at 00:00 UTC. All users can register afterward.

As each PayString is unique and tied to one user only, the usernames will be registered on a first come first serve basis.

The PayString which you choose must not be: harmful, abusive, racially or ethnically offensive, sexually explicit, defamatory, infringing any intellectual property right, or invasive of personal privacy rights. You agree that we maintain the full right and discretion to change your PayString.

Early registration eligibility:

How do I register for a PayString?

  1. Go to ‘PayString’ under ‘Settings > Account’ in the App Menu

  2. Enter a unique username*

  3. Tap 'Register'

  4. Confirm your registration

  5. By default all 4 coins (CRO, ETH, BTC, and XRP) are linked to this PayString

*Username must be between 3-164 characters (digits: “0-9”; letters: “a-z” (all should be small) and special characters: “. - _”)

How do I deposit with my PayString?

  1. Complete the PayString registration

  2. Go to Crypto Wallet and select Transfer > Deposit

  3. Select the coin (BTC, XRP, ETH, or CRO) you want to deposit and tap on PayString

  4. Tap on the copy button to copy your PayString

  5. Exit the App to an external wallet

  6. Paste your PayString to your external wallet’s withdrawal section and follow the external wallet’s withdrawal steps

How do I add a PayString to the whitelist for withdrawals?

  1. Go to Crypto Wallet and select Transfer > Withdraw > External Wallet > PayString> + Add New PayString

  2. Enter the external PayString and confirm

How do I withdraw with PayString?

  1. Go to Crypto Wallet and select Transfer > Withdraw

  2. Select the receiving PayString to withdraw to. If you haven’t added a PayString to the whitelist, add one first.

  3. Select coin and amount for withdrawal and confirm

How do I remove PayString from the whitelist?

  1. Go to Crypto Wallet and select Transfer > Withdraw > External Wallet > PayString

  2. Swipe left on the PayString you would like to remove

  3. Tap on the delete icon and confirm the removal

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