Getting started
Step-by-Step Process for Beta-Minting USDM
Setup Checklist
[ ] Two-Factor Authentication: Before entering the Retail Minting App, ensure you have a two-factor authentication app, like 2FAS or similar, on your mobile device.
Step 1: Account Registration
Go to: Mint/Burn app (You must be within a state currently approved)
User Login: Click on the user icon at the top right.
New Users: Select “Sign Up” at the bottom of the page.
Enter Details: Fill in your email, given (first) name, family (last) name, and password. Follow instructions carefully, as this will be your “Real” account password.
Verify Email: Retrieve the verification code from your email and enter it.
Two-Factor Authentication: Use your authenticator app to complete this step, entering the code when prompted. (Note: Leave the optional device name empty.)
KYC Process: Click “Start KYC” to continue, and follow the steps with our KYC partner, Plaid.
Step 2: Plaid KYC Process
Phone Verification: Provide a phone number to receive a Moneta verification code, then proceed.
Identity Confirmation: If previously verified with Plaid, information may populate automatically. Otherwise, manually enter and click “Share my information.”
Document Upload: Scan the QR code with your phone and upload a photo of one of the listed documents (Driver’s License, ID Card, Passport, Residency Permit, or Temporary Visa).
Selfie: Take a selfie with your phone (ensure good lighting), click save and continue
Complete KYC: Click “Finish” to return to the Mint and Burn App.
If you have any issues, they can be answered here Plaid
Upon return to our app, click the bell icon (top right) to ensure you have a KYC “Success” notification, once confirmed click “close”
Step 3: Wallet and Account Setup
Link Wallet: Click on the wallet icon (third from the right) and select an approved wallet. You’ll then be prompted for a small 10 ADA transaction to offset KYC costs.
Confirm Transaction: Follow prompts at the bottom right and authorize through your wallet.
Skip Edit Wallet: If prompted, click “Cancel” on the edit wallet screen.
Manage Bank: Click the Mint/Redeem icon (second from the left), select “Manage Banks,” then click “Add Bank” and follow Plaid’s instructions.
Step 4: Plaid Bank Setup
Verify Phone: Enter your phone number and verification code.
Provide Bank Information: If not populated, enter routing and account information manually.
Login to Bank: Follow instructions to authorize interactions between your bank and Mint and Burn App.
Confirmation: Return to the app, where your verified account will display with the last four digits and a green check mark.
Step 5: Minting and Burning USDM
Mint USDM: Click the Mint button, select the appropriate account if more than one is linked.
Enter Amount: Add the USD amount to convert to USDM and click “Acknowledge.”
Pre-Auth Code: Upon clicking “Deposit,” a Pre-Auth code and wire instructions will be displayed.
Wire Transfer: Click “I acknowledge,” then go to your bank website and begin the wire process, for your convenience the Pre-Auth code and wire instructions will be in your message area (bell icon), do not delete until confirmed by Moneta Digital LLC.
Mint Confirmation: Once the minting is complete, your USDM will be credited to your selected wallet.
FAQs
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Our Frequently Asked Questions cover a range of topics, from account setup to using USDM.
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