Do I need a cryptocurrency wallet?
When you sign up to any of our sim plans, a cryptocurrency wallet is automatically created for you using the email address associated with your SumoSim account. This will be where your monthly rewards of Digital Assets are sent to and can be accessed at any time by going to Accounts View My Rewards or clicking hereSome readersWill there be more Digital Assets added as rewards for us to choose from?
We’re always on the lookout to add the rewards you want the most, and as we continue to expand, we will be adding more Digital Assets for you to choose from.Some readersWhat happens to my rewards if I decide to leave SumoSim?
Your wallet and rewards are yours to keep! You can withdraw your rewards to a crypto exchange (e.g. Coinbase) or an external cryptocurrency wallet that you have access to. Alternatively, you can also export your private keys to continue using this wallet with another wallet provider like MetaMask. Remember, keep your private keys safe and away from anyone you don't want gaining access to your Digital Assets.Some readersWhat about gas fees on cryptocurrency transactions?
Gas fees are payable for every transaction to the blockchain network. Gas is required to move coins between wallets and exchanges. For cryptocurrency that commonly experience high gas fees, we may choose to offer wrapped versions of the reward coins. This keeps fees low in the pennies, making it both cheap and easy for you to manage, and withdraw rewards to your preferred wallet or exchange.Some readersWhich rewards are available for me to choose from?
During our launch period, we are offering the following Digital Assets as one of your monthly rewards: Bitcoin, Ethereum or Solana. More choices will soon follow as we expand!Some readersHow can I get the latest promotions and deals?
To stay updated on the latest deals and promotions, sign up for our newsletter or follow us on social media!Some readersWhy are you giving away Digital Assets as a reward monthly?
We believe that cryptocurrency should be easily accessible to all, and rewarding you with digital asset ownership is a great head-start into the future of finance and how we will interact over the internet. As banks and major institutions continue to increase their digital asset allocations, we think that it’s only fair that you also get a piece of the pie and grow your digital portfolio in an easy and accessible way. These were the foundations that we built SumoSim upon - we thought let’Few readersHow do I access my rewards?
Your rewards are sent to your personal cryptocurrency wallet that’s automatically generated when you take out a SumoSim plan. Access your wallet by going to your Account View My Rewards. Sign in using the email address registered with your SumoSim account.Few readersHow do I cash out my rewards?
Great question, for now you can send your rewards to a cryptocurrency exchange (e.g. Coinbase) and sell them to cash out to your bank account. Alternatively, use an “off-ramp” provider such as Spritz (spritz.finance) to cash out directly to your bank account.Few readersWhy does the value of my reward fluctuate?
Cryptocurrencies are volatile digital assets. This means the prices of your rewards can go up as well as down. Remember, you can transfer your rewards to a cryptocurrency exchange or off-ramp service to sell your rewards at any time.Few readersHow are my rewards calculated?
Rewards are sent to your wallet for every month you are subscribed to an active SumoSim plan. You will receive 10% of the cost of your plan in a reward of your choice, sent directly to your wallet.Few readers