How to deposit funds into my Fipto account?

Introduction

Your Fipto account, a multi-currency business account, allows deposits in both fiat (traditional currencies) and cryptocurrencies. Here's how to make deposits using different methods:

  • Transfer Euros from your Bank Account: Create Fiat Wallets in Fipto, and use your EUR IBAN to receive euros.
  • Transfer Crypto from an Exchange or External Wallet: Create Digital Wallets in Fipto, and use your crypto wallet address to receive cryptos.
  • Request Client Payments Through Fipto: Encourage clients to pay directly to your Fipto account using an IBAN, crypto wallet address, or through Payment Links.

Let’s dive into the different available options and their benefits.

How to Transfer Euros from your Bank Account?

To receive euros on Fipto, you will need a Euro Wallet. Each Euro Wallet comes with a nominative IBAN that you can use to receive funds. To find your IBAN:

  1. Find Your IBAN:
    • Open the “Wallets” section in your app;
    • Then scroll down or click the “Fiat” tab to select one of your Euro Wallets (or create a new one using "Add Wallet” - top right of your screen);
    • Click on your chosen wallet to find the IBAN under "Wallet Details".

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Did you know?

The “Wallet Details” section regroups your account’s details (IBANs for Euro Wallets - Address for Crypto Wallets). Each “Wallet Details” has at least one IBAN/ Address, but you can associate multiple Virtual Wallets (IBANs or Addresses) to each “master” wallet. A Virtual Wallet is like a sub-wallet. It does not hold any funds but instead roots the funds it receives to its associated “master” wallet. It can be used for instance to streamline transactions reconciliation (if you attribute a distinct virtual IBAN to each payer, invoice,…) or to keep your privacy by disclosing a virtual IBAN instead of your main IBAN.

  1. Copy and Use Your IBAN: Use the "copy" button to easily share your IBAN when adding Fipto as a beneficiary from your existing bank account (source of funds).
  2. Initiate Transfer: Follow your bank's instructions to complete the euro transfer (note that Fipto supports instant SEPA transfers).

How to Transfer Crypto from an Exchange or Wallet?

To receive crypto on Fipto, you will need a Digital (Crypto) Wallet. Each Crypto Wallet comes with a wallet address that you can use to receive funds. By default, your Fipto account will not have any Crypto Wallets, but you can create them on the go by following these simple steps:

  1. Create a Crypto Wallet:
    • Open the "Wallets" section in your app;
    • Click "Add Wallet" (top right);
    • Name your wallet (e.g., "Main Wallet," "Client Payments");
    • Select the desired cryptocurrency and network (e.g., USDC on Ethereum or Polygon);
    • Confirm creation by clicking "Add Wallet".
  2. Copy Your Wallet Address: Your crypto address is the series of figures and characters that appear next to "Address" in your Wallet Details. Click "copy" to save it.

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Did you know?

Similar to virtual IBANs, you can create multiple Virtual Addresses under your Crypto Wallet “Wallet Details” for better organization. This can be used to streamline transactions reconciliation (if you attribute a distinct Virtual Address to each payer, invoice,…) or to keep your privacy by disclosing an associated Virtual Address instead of your main Wallet Address.

Request clients to pay you on Fipto

Additionally, remember that the simplest way to make sure your Fipto Account remains well funded is by having your clients pay you directly on a Fipto IBAN/ Wallet Address:

  • Share Your IBAN or Wallet Address: Provide your clients with your unique payment details obtained in the previous sections.
  • Use Fipto Payment Links: Simplify client payments by using Payment Links. With Payment Links, clients pay you in stablecoins, which Fipto instantly converts to euros and deposits directly to your selected Euro Wallet. Learn more about Payment Links in this dedicated article.