Managing your investments efficiently is crucial, and it's important to note that Fairmint does not custody any investments. Instead, investments are directly transferred to your designated bank account or cryptocurrency wallet from your investors.
Here’s how you can set up and receive funds:
Bank and Crypto Receiving Options
1. Direct to Your Bank Account:
Investors can send funds directly to your bank account. Make sure your bank details are correctly updated in the settings section of your Fairmint account to facilitate smooth transactions.
2. Direct to Your Crypto Wallet (USDC):
If you choose to receive investments in cryptocurrency, investors will send funds directly to your Ethereum wallet in the form of USDC (USD Coin). Ensure your Ethereum wallet address is added in your account settings if you wish to receive crypto funds.
How to Update Your Receiving Details:
Access Settings: Log into your Fairmint account and navigate to the settings area.
Enter Financial Information: Here, you can add or update your bank account information and your Ethereum wallet address. If you prefer not to receive investments in cryptocurrency, simply leave the wallet address field blank. This will ensure that investors are not given the option to invest via crypto.