FAQs
urble

Here you will find the answers to the most important questions about urble.

FAQs at a glance

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I have several children. Can I open a wallet for each of them?
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Why are Bitcoin, Ethereum and Stablecoin the only options?
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What does self-custody mean?
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Why is self-custody important?
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What is Web3 and why is it relevant for self-custody?
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Is self-custody safe?
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What do I need to use self-custody?
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How does urble Academy help me get started?
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What are the advantages of Web3 for me?
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Can I participate in the democratization of value creation with self-custody?
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What happens if I lose my smartphone?
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Questions we haven't answered?
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What is an urble savings plan?
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Does a savings plan in Bitcoin or Ether still make sense?
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Who is an urble savings plan suitable for?
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How can I create a savings plan with urble?
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Is it possible to pay into a savings plan on a monthly basis?
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How do I explain Bitcoin to my children?
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How much does a Bitcoin cost?
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Is it possible to buy Bitcoin with only 10€?
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Can you still make money with Bitcoin or Ethereum?

I have several children. Can I open a wallet for each of them?

Yes, you can do that with urble. You can either save for your children in a savings plan, which will result in their own wallet with a transfer to the children at the end of the savings period, or you can invite your children when they are old enough so that they can open their own wallet directly and be linked to yours.

Why are Bitcoin, Ethereum and Stablecoin the only options?

At urble, we focus on saving. which corresponds to a long-term view. Accordingly, we stick to assets that have a substantial track record and resilience. We expect to expand our offering in the future, including traditional asset classes such as equities, bonds, etc. in digital form

What does self-custody mean?

Self-custody means that you take full control and responsibility for your digital assets. In contrast to custody by a third party, such as a bank or crypto service provider, you hold your assets in custody yourself and therefore have full power of disposal.

Why is self-custody important?

In an increasingly digital world, self-custody gives you the ability to manage and secure your own financial assets without the perceived uncertainty of 'oh god, so much responsibility'. It promotes independence and self-determination because you don't have to rely on external institutions and you don't get into trouble in the event of a problem with an asset held with an institution or the institution itself.

What is Web3 and why is it relevant for self-custody?

Web3 is a new era of the internet based on decentralized technologies such as distributed ledgers and blockchain. These technologies enable a new foundation of trust where everything is verifiable and no central authority is required. Web3 democratizes value creation and distribution and provides more control over your digital identities and assets. In a Web3 context, you can not only read things on the Internet and have the ability to contribute (write), but you can also own elements or call them your own. For example, think about your posts on Instagram, TikTok, etc., which belong to the platform provider and they make money from your data, owning your own posts can enable entirely new forms of interaction and exchange of ownership. At urble, we encourage this approach and believe it's a better way to go.

Is self-custody safe?

Yes, self-custody can be very secure if you take the right measures. These include using secure wallets, creating and securely storing recovery keys (seed phrases) and using two-factor authentication (2FA). Modern technologies and tools make self-custody user-friendly and secure. At urble, this is our foundation.

What do I need to use self-custody?

To use self-custody, you need the digital wallet urble, which you can install on your smartphone. This wallet allows you to securely store and manage your (crypto) assets. We have paid particular attention to making it easy and user-friendly to use.

How does urble Academy help me get started?

Urble Academy offers a series of interactive lessons that explain what urble is, why it's important and how you can use urble. These lessons are designed to teach you the basics of digital saving, Web3 and self-custody, and how to dive into the world of Web3 safely and efficiently.

What are the advantages of Web3 for me?

Urble is based on Web3 technology and offers many advantages, including:

  • Decentralization: No central authority controls your data or assets.
  • Security: Blockchain technology keeps your transactions and data secure and verifiable.
  • Transparency: All transactions are publicly visible and traceable.
  • Independence: You have full control over your digital identities and assets.

Can I participate in the democratization of value creation with self-custody?

Yes, self-custody allows you to actively participate in the creation and distribution of value on the web3. You can invest directly in various crypto projects, acquire NFTs and participate in decentralized finance (DeFi) markets without having to rely on centralized platforms.

What happens if I lose my smartphone?

Since you backed up the recovery key of your urble wallet before losing your smartphone, you simply restore the wallet from your backup after installing the urble app on your new phone. We explain exactly how to do this in this simple blog article.

Where can I learn more about self-custody and Web3?

Visit urble Academy for interactive lessons and resources to help you learn more about self-custody, Web3 and the secure use of digital assets. Our platform provides you with all the information you need to enter the world of Web3 in a safe and informed way.

Questions we haven't answered?

Write us a message in the chat!

What is an urble savings plan?

An urble savings plan is a digital piggy bank into which you deposit money from your bank account, your credit card, your urble wallet or another wallet. In order for the fiat money from your bank account or credit card to end up in your savings plan, a transfer from fiat to crypto must take place. For this, urble offers you excellent conditions together with selected partners.

Does a savings plan in Bitcoin or Ether still make sense?

A savings plan in digital assets such as Bitcoin and Ether still makes sense, especially if you save continuously and steadily with the same amount. The more consistently and longer you do this, the more you benefit from the so-called “dollar-cost-average effect”.

Who is an urble savings plan suitable for?

An urble savings plan is suitable for every saver. Regardless of whether you have a small or large investment capital. In both cases, you can benefit from the savings plan and the purchasing power of Bitcoin and Ether. For short savings periods such as 1-2 years, however, urble recommends saving in stablecoins, as despite the long-term purchasing power of Bitcoin and Ether, a temporary loss in value due to volatility can often lead to an emotional reaction: "What's going on, why am I losing money?".

How can I create a savings plan with urble?

We've made it as easy as possible to create a savings plan with the urble app in just a few minutes. All you have to do is install the app, create your urble wallet and define your savings plan. Then you can save with a one-off or recurring payment until you've reached your savings goal.

Is it possible to pay into a savings plan monthly?

You can not only pay in monthly, but also weekly or even daily. This allows you to benefit from the dollar-cost-averaging effect and to regain your purchasing power in the coming years.

How do I explain Bitcoin to my children?

Bitcoin is a digital currency that can be used to pay on the internet and anywhere in the world. Unlike the euro or US dollar, there are no notes or coins, but Bitcoin is 100% digital and can be taken anywhere.

It is decentralized, as anyone can own the currency without having to go to a bank or ask anyone for permission. Bitcoin is easy to use and requires a wallet, the digital purse where you store your Bitcoin.

Bitcoin is created with computers, in which people all over the world participate in a dice game with computers. The person who can prove fastest that they roll the correct number wins Bitcoin and can then send it to others.

How much does a Bitcoin cost?

The price of one Bitcoin varies constantly. The price is calculated on the basis of supply and demand. If demand is high, the price rises. If it falls, the price also falls. In urble you always see the current price in your chosen fiat currency.

Is it possible to buy Bitcoin with only 10€?

Yes, that is possible. One Bitcoin can be divided into 100,000,000 Satoshis and is therefore divisible. Depending on the Bitcoin provider, you can buy Bitcoin for as little as €10. Due to its divisibility, Bitcoin is also the ideal means of saving, as you can continuously buy small amounts and benefit from the dollar-cost-averaging effect with a Bitcoin savings plan.

Can you still make money with Bitcoin or Ethereum?

Absolutely! Bitcoin and Ether are much more than pure speculative objects, but rather the ideal means of saving to gain purchasing power in the long term. Even if you can trade them in the short term, on average it is better to buy and hold permanently and compare it much more like an investment in gold or other commodities such as oil.