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July 25, 2022

Mode Explained

Mode App 101 📚

New to Mode? You’re in the right place. We’ve put together a quick run-down on just about everything you need to know about the app.

iPhone display image of SaaS fintech product, a digital UK, regulatory registered Bitcoin and Crypto app

Getting started with a new financial app can be a little confusing at times, and when it comes to your finances - confused is the last thing you want to be. In building Mode, our aim has always been to take the complexities out of crypto and make it as easy as possible for anyone and everyone to kick start their own crypto journey, with education at the forefront of what we do.

We’re over the moon to have you join the Mode community, and we’re set on making sure you feel confident & ready to start building your financial future with us. So without further ado - welcome to Mode 101: the essential guide to your fave new crypto app.

What is Mode? 👋

Mode, in short (if you’re still not sure), - is a crypto app.

It’s a UK-based financial product that enables its users to access the world of cryptocurrency and start owning Bitcoin in a couple of quick steps.

We built Mode with one core goal in mind: to make crypto more accessible. That’s why you’ll notice that all of our features in the app work to do just that. Whether you’re buying Bitcoin in a few quick clicks or earning a bit of Bitcoin on your online shopping spree - our team works day in, day out to make joining the future of finance possible for all.

Buy, earn and grow Bitcoin with

Why Mode? 👀

You might have noticed, but the world of finance is changing - and we believe for the better.

For most of us, we’ve witnessed a pretty dramatic economic landscape throughout our lives so far - from recessions to excessive inflation (£9 Lurpak, we see you), traditional financial foundations have long been proving themselves to be a little outdated, and not-so-beneficial to way too many of us.

Cryptocurrency was born off the back of the 2008 economic crash as a means to create a new financial ecosystem that would give people back the power of control over their own money. Bitcoin was the first cryptocurrency to be developed and has since flourished into a fully-fledged industry, boasting a market cap in the trillions, tens of thousands of different cryptocurrencies, and an estimated 1 billion crypto owners by the end of 2022.

Want to learn more? Watch our latest video on how Bitcoin was created 👇

Interest in crypto has boomed - and it's still booming. Yet, so many crypto apps still present themselves as incredibly intricate and complex products - often making it a little too difficult for many to really get into the space.

You don’t need to be an electrician to flick on a light switch, so why should you have to be an expert to use crypto?

That’s where we come in.

What can I do with Mode? 📲

Buy, earn & grow 📈

Mode’s main feature allows users to buy, sell, and store Bitcoin in a custodial wallet supported by some of the most reputable names in the game like partner BitGo. You can buy Bitcoin straight from your bank account, sell your Bitcoin just as easily, and send Bitcoin to friends & family through our peer-to-peer network in seconds.

With Mode’s extensive dashboard, you can watch your funds grow and change in real-time as and when the crypto market moves.

Find out more about buying, selling, and holding Bitcoin here.

Stack while you shop 🛍

Our most popular feature among savvy shoppers is our Bitcoin Cashback product. We work with over 200 top UK brands to offer customers up to 50% back in Bitcoin on their shopping.

With a variety of brands - including Samsung, Trip.com and other major stores - you can start seriously building your Bitcoin portfolio without actually having to spend a dime directly on purchasing the cryptocurrency itself.

Learn how you can stack more sats with Bitcoin Cashback.

Pay with Mode 👛

At certain brands, you can pay with Mode using your GBP balance or bank account through Open Banking. With selected brands, you can receive instant Bitcoin Cashback when you pay with Mode as well! Anyone with a UK bank account can pay with Mode, and we’ll soon be opening this up to enable payments from your crypto holdings.

Want to #PayWithMode? Find out more here.

Get paid in Bitcoin 🤑

Want to have a little bit of your salary paid into your Bitcoin account each month? While we don’t offer this as an in-app feature, we do offer businesses and payroll providers the ability to enable this optional feature within the workplace.

This link should help you bug your boss for a Bitcoin salary.

Other ways to earn 💸

Want a little more from us? Go on then.

We’ve got a pretty neat referral programme too - refer a friend and both receive £10 in Bitcoin from us as soon as they’ve made an eligible account & purchase. We’ll also be regularly introducing new reward features, so watch this space!

T&C’s apply.

Run a store or business? DW - we didn’t forget about you 💈

Mode For Business leverages a variety of opportunities in the crypto space to offer businesses different ways of utilising crypto across their company. As well as being able to pay employees in Bitcoin, businesses and merchants can receive GBP payment through Mode for a cheaper, smarter, safer alternative to card payment, and offer instant crypto rewards to their customers at the same time. We’ll soon be opening this up to enable crypto payments too - so watch this space!

Discover Mode For Business here.

Download

and get earning today!

Why should I use Mode? 🔒

What puts us above our competitors?

The crypto space is still new, and it can be hard to know what kind of businesses you can rely on if you’re new to the game. We’re one of just 33 FCA registered crypto asset firms which means being transparent with you is at the core of what we do. In fact, we’re the only rewards-based crypto app in the UK to hold this status.

We also believe that when it comes to something new, education is key to removing barriers and helping you get the most out of it. Our dedicated academy page is set up to always help our community learn and grow with us while this incredible space continues to expand.

While we’d love to spend the day talking about Mode with you, we’re going to save some bits to add a little more detail later - so this is us for now. If you’ve ever got any questions, don’t hesitate to reach out to us in the app for a quick chat with someone from the team.

As ever, thanks a bunch for reading and for helping us to grow… always 🌱

Much love,

Want to keep in touch with the latest? Follow us on Twitter.

Fibermode Limited trading as Mode is a registered Cryptoasset firm with the UK Financial Conduct Authority, pursuant to the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. Firm Reference Number: 928786.Greyfoxx Limited is an authorised and regulated firm with the UK Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money and payment instruments. Firm Reference Number: 901025.Mode Global Holdings PLC is a public limited company incorporated and registered under the laws of England and Wales with company number 12794676.

Products are applicable to 18+ and UK residents only. Bitcoin is not regulated in the UK. The value of Bitcoin can go up or down or can drop to zero.  There could be a substantial risk you could lose your money. There is no Financial Services Compensation Scheme or Financial Ombudsman Service protection.

Download Mode and get ready for the future!

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