What is Plutus?
Plutus consists of three aspects:
The Plutus App is an Android and iOS app for managing almost every aspect of your Plutus Account. Every deposit you make rewards you in Pluton, a loyalty token which is a fundamental part of an upcoming customer reward system.
The Plutus Debit Card is a feature that makes it possible to pay at over 40 million merchants both online and in-store right away, provided that they accept debit cards or contactless payments.
The PlutusDEX is a one-way peer-to-peer exchange. The way this works is that PlutusDEX users can escrow fiat currency such as GBP or EUR to purchase Pluton and Ethereum from other users in the Plutus ecosystem.
What are Plutons?
Plutons are digital ERC-20 tokens issued on the Ethereum blockchain. Their value will be decided entirely by the users, independent from the control of Plutus and other centralised entities.
Why choose Plutus over other competitors?
Our main difference from competitors is that we don’t store your cryptocurrency while we provide a decentralised platform.
We have some great incentives to use our service, where you will receive a Pluton reward of up to 3% each time you spend using the card.
We also offer a fee-less subscription model based on staking PLU - you can learn more about it here.
How do I open an account?
Setting up an account is easy! With a Plutus account, you'll be able to sell crypto assets and withdraw the funds to your own bank account or spend them by using your Plutus Card. If you'd like to buy or sell Ethereum or Pluton then you need to open an account - a guide for which can be found here
You can find a great video overview of our web dashboard here
How do I verify my identity (KYC)?
In order to access the range of Plutus services, you are required to pass our KYC verification checks. This is a straightforward process which usually takes less than one hour and no longer than 24 hours to complete. Instructions on how to do this can be found here
How do I deposit funds?
If you want to top up your Plutus Card or purchase cryptocurrencies like Ethereum or Pluton on the PlutusDEX, you'll first need to deposit some fiat funds. This, again, is simple and is described in detail in our tutorial here
How do I convert crypto with Plutus?
Now you've deposited funds into your Plutus account it's time to convert that into fiat and start spending. Alternatively, you can use your funds to top up your Plutus Debit Card and start spending right away. You can find a detailed guide on utilising the PlutusDEX here
A detailed list of our limits and fees can be found here
A Note on Security
Here at Plutus, we take security very seriously. That's why we don't hold any of your cryptocurrencies, it's held by you - the user! If you want to read more regarding Plutus and security, you can do so here
Before you venture off into the world of Plutus, we urge you to set up two-factor authentication. This is an easy process that can protect you should your account ever be compromised. Follow this guide here
How can I stay up to date with Plutus?
We have a presence on all major social media including:
- Keep up to date with everything Plutus at our blog
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