What Are Cryptocurrencies?
Cryptocurrencies are digital or virtual currencies that use cryptography to secure transactions. Unlike traditional currencies, they are decentralized and often operate on blockchain technology.
A blockchain is a distributed digital ledger that records transactions across many computers in a secure, transparent, and tamper-resistant way. Each block contains a list of transactions, and once added, it cannot be changed. This ensures trust without relying on a central authority such as a bank.
Some of the most common cryptocurrencies include:
Bitcoin (BTC): The first and most widely known cryptocurrency, often used as a store of value.
Ethereum (ETH): A blockchain-based platform known for smart contracts and decentralized applications.
Tether (USDT): A stablecoin that is pegged to traditional fiat currencies like the US dollar, often used to avoid volatility.
These currencies can be used for investment, trading, or as a means of payment for goods and services.
Who’s Eligible to Join Real Payment Tests That Involve Crypto?
Anyone can take part in crypto-related real payment tests at Test IO — there are no special skills required.
The only important rule is:
You must live in a country where buying, selling, or using cryptocurrencies is legal.
This means:
If cryptocurrencies are allowed in your country, you can join these tests.
If cryptocurrencies are banned in your country, you unfortunately cannot participate in such tests.
Before joining, testers should quickly check whether crypto is legal in their country. If it is, you are free to take part in crypto payment test cycles.
How to Create a Wallet and Purchase Cryptocurrencies
The process of creating a wallet and purchasing cryptocurrencies is generally similar across the major providers. The steps usually involve:
Choosing a Wallet: This can be a mobile app, a browser-based wallet, or an exchange-based wallet.
Creating an Account: Most wallets will require you to register, set up security measures, and save your recovery phrase.
Adding Funds: You can fund your wallet by connecting it to a bank card, transferring funds from another wallet, or purchasing directly through a supported exchange.
Purchasing Cryptocurrency: Once your wallet is funded, you can buy crypto such as Bitcoin, Ethereum, or stablecoins like USDT.
These steps apply to most widely used wallets, ensuring testers can easily get started.
ID Verification (KYC Check)
In many cases, especially when registering a wallet through a large exchange or when making transactions, testers may be asked to complete an ID verification.
This process is known as a KYC (Know Your Customer) check. It usually requires:
Uploading a valid ID document (such as a passport or driver’s license).
Sometimes, providing a selfie for identity confirmation.
KYC is a standard and legal requirement designed to prevent fraud, money laundering, and other illegal activities. It is normal, safe, and all reputable crypto services use it.
Is It Safe to Test With Test IO and How Does Crypto Testing Work?
Short answer is: Yes, it is safe to test with Test IO.
The process of crypto testing depends on the specific test cycle requirements.
In some cases, testers may need to use their personal crypto wallets to complete transactions. In other cases, they may be asked to create a new wallet on a designated platform to perform purchases or sales of cryptocurrencies.
All requirements will be clearly defined in the test cycle instructions.
Reimbursement
Reimbursement for crypto testing is always defined before each test cycle by the Customer Success Manager (CSM).
The reimbursement is done as a manual bonus payout via the Test IO platform.