The Vault is a crypto wallet required for storing your Timeless tokens. It is automatically created for you when you purchase your first MiCAR fraction. You need it to securely store and manage your MiCAR assets.
The key is the private key for your crypto wallet. With this, you gain access to your wallet. That's why it is securely stored on your smartphone.
Don't worry: We automatically create this "Vault" for you as soon as you make your first purchase. So, you don't need to do anything further and can invest as usual.
What does it mean that the key to my Vault is stored on my smartphone? Is that secure?
The key is the private key for your crypto wallet. With this, you gain access to your wallet. That's why it is securely stored on your smartphone.
It is important to make regular backups to secure your private key and be able to restore it in case of loss.
Can I transfer my MiCAR fractions to an external crypto wallet?
No, the Timeless tokens can only be stored in the dedicated Vault. A transfer to an external crypto wallet is not yet possible.