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Why do I need to use my own wallet?

You stay in full control of your funds

Monetrix is designed so that you always keep control of your money and your crypto.

You send funds from your bank account and receive crypto in your wallet, or send crypto from your wallet and receive funds in your bank account. Monetrix provide only the exchange service but does not store your funds.

💡 How it works in practice

When you buy crypto

  1. You send money from your bank account

  2. Monetrix processes your order

  3. Crypto is sent directly to your wallet

Your crypto goes straight to you — it is never stored on Monetrix

When you sell crypto

  1. You send crypto from your wallet

  2. Monetrix processes your order

  3. Money is sent directly to your bank account

Your money goes straight to you — it is never stored on Monetrix

What this means

  • ❌ No balance is stored on Monetrix

  • ❌ Monetrix does not hold your crypto

  • ❌ Monetrix does not hold your money

  • ✅ You always use your own wallet and your own bank account

Monetrix only processes the transaction — it does not store your funds at any time.

What is “your own wallet”?

Your own wallet is any wallet or account that belongs to you and that you control.

You can use:

  • Personal wallets like MetaMask or Trust Wallet

  • Accounts on trusted platforms such as Binance or Kraken

The important point: the wallet or account must be yours

Why this is safer

Using your own wallet provides a higher level of security:

Full control

You are the only one who controls your crypto and your funds.

No custody risk

Your assets are not stored on a platform, reducing risk.

Direct transactions

Funds go directly between your bank and your wallet — no unnecessary intermediaries.

⚠️ Important requirements

To avoid delays or issues:

  • Always use a wallet or account in your name

  • Do not send funds from third-party wallets

  • Make sure you have full access to your wallet

Transactions that do not meet these conditions may be delayed or rejected.

Summary

Using your own wallet ensures:

  • Full control of your funds

  • Higher security

  • Faster and smoother transactions

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