Individual EUR current accounts in Credits wallet (IBAN)

Credits is launching a new product for its users.

This is Individual European IBAN accounts for EUR payments online by using the Credits app. Now users of cryptocurrencies can store money in a safe and secure place, and know that their money is insured by the government. 


IBAN is a complete European bank account. A user can open a similar account in any brick and mortar bank (UBS, Barclays, Citibank, etc.) or in a Neo Bank (Revolut, Mono, N26).

Using an IBAN bank account together with the Credits crypto functionality opens up new possibilities at the intersection of two financial systems (classical and crypto) for each user.


Here are some of the most popular options now available to Credits users:

  • Funding your personal IBAN bank account with crypto inside Credits.

  • Investing in crypto assets through an IBAN individual payment account.

  • Instant transfer to crypto assets within one interface: Credits

  • Convenient balance replenishment and withdrawal via SEPA in EUR. 

  • Transfers and payments to any European IBAN account.

  • Guarantee of the security of funds in a European financial institution.

This is a completely new product on the crypto market, not available on other exchanges or wallets.

Guaranteed security of funds

One of the significant advantages of our service is that the money stored on accounts is insured by the UK government. The funds are placed on a separate, segregated bank account.

Differences between an IBAN current account and a cryptocurrency balance

The main difference between an IBAN account and a balance inside a crypto wallet is that IBAN is the same as a bank account. It allows you to make transfers to third parties, receive from any individual, organization or partner.

The Credits IBAN bank account enables you to use the Credits application as a fully-fledged Neo Bank (digital bank, challenger bank). This is a branchless banking service that is cheaper and easier than traditional banks.

With an IBAN Credits bank account, you can send transfers and pay bills throughout Europe. And when withdrawing to a bank card - all over the world.

On the Credits’ crypto wallet interface, the user can see their fiat balance in EUR, GBP or other currencies. It is possible to replenish the balance from a bank card or from an individual IBAN settlement account.

The user's fiat balance in the crypto wallet (Crypto screen) is completely different than the user's individual IBAN bank account in the Wallet section.

The difference between an IBAN account and a cryptocurrency balance is that you cannot send your funds to another recipient or make payments to organizations from a Credits fiat balance, from another crypto wallet, or from an exchange.

Replenishment and withdrawal are  only available to another account or user card opened for the same person.

New operation for crypto users

A Credits user can transfer EUR to third party accounts, receive wages and transfers, transfer funds to recipients or users in other countries.

At the same time, you have all of crypto’s functionality at your disposal and an instant transfer from crypto to EUR and other fiat currencies!

Both the launches of a fully-fledged banking product and VISA payment cards, which are scheduled for release in Q1 2023, are huge steps toward a fully-integrated Credits’ Neo Bank for crypto users.