Seller Lookup Help Terms and Policies
Help with Ink Pay

Find answers to common questions about Ink Pay, Ink Protocol, and Ethereum in general!

Common Questions

What is Ink Pay?

Ink Pay is a DApp (decentralized application) that allows you to buy and sell on any platform or marketplace and earn public reputation that you can take wherever you sell. As a buyer, Ink Pay also lets you view the transaction history and reputation of any seller via their Ethereum address or QR code. This helps you make sure they're trustworthy before you buy.

How are payments made?

Payments can be made in either XNK (pronounced "Ink"), ETH, or Dai. The currency that a buyer uses to pay is also the currency that the seller receives.

XNK is the native cryptocurrency used by Ink Protocol, ETH is the underlying token that powers the Ethereum blockchain, and Dai is an ERC20 token designed to be pegged to the US Dollar.

What is Ink Protocol?

Ink Protocol is a decentralized reputation and payment system powered by the Ethereum blockchain and its native ERC20 utility token called Ink Protocol Token (XNK). It is designed specifically for P2P marketplace transactions where trust between the buyer and seller may be limited. Ink greatly enhances the buying/selling process by helping users safely send and receive payments in P2P marketplaces while earning publicly viewable reputation.

Getting Started

What do I need to get started?

You'll need either:

  • A computer running Chrome or Firefox with the MetaMask plugin installed, OR
  • An iOS/Android device with the Coinbase Wallet app installed

To make and receive payments, you'll also need:

  1. ETH (as gas), the cryptocurrency that powers Ethereum transactions
  2. XNK, ETH, or Dai, the cryptocurrencies currently supported by Ink Pay

How do I get Ether (ETH)?

If you're using MetaMask in the US, you can buy ETH directly on MetaMask through Coinbase with fiat. Otherwise, there's a ShapeSift option that allows you to trade other cryptocurrencies for ETH.

Separately, you can always obtain ETH through outside exchanges and transfer ETH into your MetaMask/Coinbase Wallet.

How do I get XNK?

There are several cryptocurrency exchanges/services that have XNK trading pairs:

Once you've traded for XNK, you can make deposits into your MetaMask/Coinbase Wallet to use with Ink Pay.

How do I get Dai?

Dai is available on several cryptocurrency exchanges/services:

Once you've traded for Dai, you can make deposits into your MetaMask/Coinbase Wallet to use with Ink Pay.

Learn more about Dai at makerdao.com/dai.

Still have unanswered questions?

Drop us a line at help@inkpay.app and we'll be happy to help :)