Utopia- Send Digital Dollars vs Sock - Up to 10% on your money Usage & Stats
Welcome to Utopia. Instead of lengthy feature descriptions, here are our foundational tenets:
SENDING AND RECEIVING PAYMENTS SHOULD BE FREE, INSTANT, & GLOBAL FOR EVERYONE:
With Utopia, you can instantly send digital US dollars to or request them from any phone number, even if the recipient doesn’t use Utopia. 0 fees.
EVERYONE DESERVES A STABLE CURRENCY:
Unlock digital dollars simply by registering with your phone number. With our blockchain technology, you can also receive rewards through Utopia by holding your digital dollars.
EVERYONE SHOULD BE IN CONTROL OF THEIR MONEY:
With Utopia, you have the freedom to move your digital dollars as you please. US residents can move money freely to and from their US bank account without lock-in periods or restrictions. And since your funds are held in a self-custodial wallet, we will never be able to shut down your account or move your funds without your permission.
For additional questions, please email support@utopialabs.com. For product updates, follow @utopialabs_ on Twitter.
Welcome to Utopia. Instead of a lengthy description of all our features that you probably won't read, we’ll use this space to share our core beliefs:
SENDING AND RECEIVING MONEY SHOULD BE FREE, INSTANT, & GLOBAL FOR EVERYONE:
With Utopia, you can send and receive digital US dollars to any phone number in the world, with zero fees – even if the recipient isn't using Utopia. Digital dollars arrive instantly.
EVERYONE IN THE WORLD DESERVES A STABLE CURRENCY:
Access digital dollars simply by creating an account with your phone number. You can even earn 3% in rewards by holding your digital dollars in Utopia. We do this by using USDC and blockchain technology.
YOUR FUNDS, AVAILABLE ON YOUR TERMS:
Deposit and withdraw money freely from your US bank account without any lock-in periods or hidden restrictions. With Utopia, you have the freedom to move your digital dollars as you please, at any time, without incurring any fees.
MONEY THAT PUTS YOU IN CONTROL:
We will never shut down your Utopia account or take your digital dollars. Your money is yours – no random closures, account shutdowns, or de-platforming.
For additional questions, email support@utopialabs.com. For product updates, follow @utopialabs_ on Twitter.
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Sock is a world of finance in your control. Earn interest, invest, and send money safely. Sock is entirely non-custodial and never touches your money.
Here’s more about what you get with Sock:
EARN UP TO 10% ON YOUR MONEY*
- Opt-in to earn on your crypto
- Supported tokens are USDC, USDT, DAI, and ETH
*Base APY rates as of February 16th, 2024. APYs are variable.
SEND MONEY INSTANTLY, FOR FREE*
- Pay anyone instantly in 60+ countries worldwide.
- Enter a Sock username to easily find friends and family when sending.
*Bitcoin sends are not fee-free.
NON-CUSTODIAL - WE NEVER TOUCH YOUR MONEY
- Unlike a bank, we never touch or lend out your money.
- Your money is secured on the blockchain and managed by you.
- Access your keys any time
- Safely backup your keys with our secure iCloud backup or store them manually if you prefer.
NO NETWORK FEES
- Sock more away for yourself by never paying network fees (gas) on your transactions (Arbitrum network only).
INVEST WISELY WITH SOCK RISK SCORES
- See how one token's risk profile compares to the overall market. Uncover tokens that pair with your investment strategy.
- Sock risk scores are a simple A-F score that helps you more easily understand a token’s fundamentals. Not investment advice, do you own research.
- No memecoins. Outsmart the hype by trading from a curated set of tokens with real utility.
AUTO-BUY OR SELL AT THE PRICE YOU SET*
- Protect what you’ve Sock’d away by setting Sock up to automatically sell your crypto when a token hits a price you set.
- Limit orders- set your tokens to sell and reap the rewards if it hits your target high price.
- Stop-loss orders - if you’re only willing to lose a certain amount, set it to automatically sell if the price ever falls to your target low price.
* Automatic orders do not apply to Bitcoin
EASILY TURN CASH TO CRYPTO AND BACK
- Move your money in and out of crypto in minutes—not days.
- Connect your Coinbase account or debit card to turn cash into crypto.
- Turn your BTC, ETH, or USDC into cash and withdraw to your bank account or debit card.
- Use your Coinbase balance and connected payment methods to transact in Sock.
TRANSACT SAFELY AND SECURELY
- Data secured with AES 256-bit encryption and TLS 1.2 in transit.
SUBSCRIBE TO ALERTS
- Get alerted when the price of an asset you hold changes significantly
- Get alerted when the the value of your portfolio changes significantly
SUPPORTED ASSETS
Sock supports BTC, ETH, USDC, DAI, USDT, WBTC, UNI, LINK, LDO, ARB, GRT, MKR, CRV, and 100+ more.
BUY, SELL, SWAP, SEND, AND RECEIVE CRYPTO
- Buy, sell, send, receive, and hold BTC on the Bitcoin network
- Buy, sell, or swap Ethereum and hundreds of other crypto tokens on the Arbitrum network.
- Buy crypto with your existing Coinbase account or your debit card.
- Easily send or receive crypto on the Arbitrum or Bitcoin networks with your Sock username or account address.
For support, email us at support@sock.app.
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- Free
- Finance
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Utopia- Send Digital Dollars VS. 
Sock - Up to 10% on your moneyDecember 30, 2024