I need a wallet
What is a wallet?
A wallet is a segregated account in an authorized payment entity. It is like a virtual portfolio with which you can manage your money virtually from the platform and make investments easily and safely at any time.
How is it created?
The wallet is created automatically and at no cost once you have completed the KYC process. The wallet can present 3 states depending on the documentation provided and the state of its validation.
KYC process pending or in validation.
KYC process completed and validated.
Bank account associated with your wallet.
Yes, the creation of the wallet to operate in icrowdhouse is mandatory since Investors' money never passes through the icrowd balancehouse. Your money is in a segregated account belonging to a bank account, opened by the Payment Institution. In other words, we never receive, manage or accumulate Investor funds in compliance with the requirements of Law 5/2015, of April 27, on the promotion of business financing. For this we use an independent payment entity, authorized by the Bank of Spain, thus guaranteeing maximum transparency and security in all operations carried out through the platform.
How does it work?
The Wallet basically works like a bag of money that you have available to invest. It is not possible to invest directly from your bank account in a project, first it is necessary that you transfer the funds you want to invest to the wallet and once it has been credited and appears as available on the platform, you can allocate it to the project you consider. The platform collects all the activity related to your wallet in the payment entity.
The main wallet operations are: