We're excited to announce a groundbreaking new feature available now to all Fold users: Insured Deposits. This feature allows anyone to deposit or receive bitcoin directly into institution-grade cold storage custody covered by $250M of insurance.
Whether you're saving bitcoin for the future or using bitcoin for your daily financial needs, Insured Deposits opens up new possibilities:
Here’s what you can do with your Insured Deposits:
- Unlimited Bitcoin Deposits: Deposit as much bitcoin as you need into your account.
- Receive Bitcoin from Friends: Seamlessly receive bitcoin from others into your account.
- Spend Bitcoin on Your Debit Card: Push to card and use your bitcoin for all your purchases.
- Pay Bills via Account and Routing Number: Cover all your largest monthly bills.
- Withdraw Cash from any ATM: Convert your bitcoin into cash whenever you need, using any ATM.
Fold has partnered with BitGo to ensure that your bitcoin is held securely in cold storage, covered by insurance from Lloyd’s of London. This is the same institutional-grade custody solution used by major Bitcoin ETFs, providing you with a safe place to hold your bitcoin while ensuring full availability to serve your daily, monthly, and long-term financial plans. Enhanced personal insurance coverage to further protect your assets is also available. If you hold over $100k in bitcoin and would like to be contacted about additional coverage please visit foldapp.com/insurance.
Here’s How Depositing Bitcoin Works
Depositing bitcoin to your Fold account takes three simple steps.
- Head to the Bitcoin tab, then tap Receive.
- Scan QR code or copy your Fold wallet address.
- Paste Fold wallet address into your send wallet and initiate transaction.
Visit the receive bitcoin support page for a further breakdown.
Make a Deposit Today
Try it out today, follow the steps above and make a bitcoin deposit to your Fold account. For the month of November 2024 you will earn 100 spins when you make your first deposit.**
This feature is designed to give you confidence as you accumulate bitcoin on Fold, knowing your balance is safe while it awaits withdrawal to self-custody. Whether you’re saving for the long term or using your bitcoin as part of your personal finances, there is no better place to do it than with Fold.
At Fold, we’re committed to creating the best place to hold, accumulate, and leverage your bitcoin. Welcome to the future of financial freedom. Welcome to Fold.
**This offer is available to Fold and Fold+ users. Please view offer details and terms in the Fold app. The spin wheel is located in the top left corner of the app. If you do not see your spins after 24 hours of making your deposit please reach out to support@foldapp.com.
