Account types

Coinmerce offers its Services to Clients via two Account Types. These Account Types have been developed to cater the needs and desires of different types of Clients.

Based on the Account Type you choose, there will be different Services made available to you and different risks will be applicable. Please ensure to read the Risk Disclaimer, in particular the relevant section covering risks applicable to your selected Account Type.

Choosing your Account Type should be done based on your goals, experience and risk appetite. If you have a long term horizon in which you will not actively be managing your Crypto Assets and want to minimise risks, a Custody account is best suitable for you. In contrast, if you expect to be quite active, wish to generate yield on your Crypto Assets or are a bit more tolerant to risk, a Normal account might be more suited for you. You are not allowed to have multiple accounts at Coinmerce, meaning that you can not have a Custody account and a Normal account at the same time. However, you are free to change your Account Type at any time. You can do so in your User Interface under ‘account settings‘.

Custody account

A Custody account is most suited for Clients who are long term holders and don‘t expect to transact much during a year. Your assets will be held by a separate entity - the Foundation - to make sure your assets are segregated from Coinmerce company assets. Crypto Assets of Clients with a Custody Account are for a large part stored in Foundation cold wallets to provide maximum security. Custody Accounts do not have access to Yield Services, meaning you are not able to generate yield on the Crypto Assets in your Account.

Normal account

A Normal account is most suited for Clients who are more active, prefer to have the lowest Exchange fees possible, and want to generate yield on their eligible Crypto Assets. By choosing for a Normal account, you provide explicit consent for having (a portion of) your eligible Crypto Assets being dedicated to the Earn program to generate weekly paid-out Rewards. Your Euro balance and Crypto Assets not dedicated to the Earn Program will be held in Foundation Wallets on your behalf.