Settlement

The section explains how you can deposit funds (top up your account balance) and withdraw funds from your FinchTrade account.

How is a trade settled?

As we operate in the OTC market, we need to settle a net open position (NOP) directly with our trading partners. It might be a blockchain transaction or a bank wire.

Normally, we exchange the standard settlement instructions (SSIs) prior to trading, as adding a new blockchain address usually takes up to 48 hours due to white-listing procedure.

We usually require our trading partners to deliver or pay first. Alternatively, we can DVP settle via one of our custodian partners.

Please ensure that your sending and receiving addresses are the same. This is a mandatory requirement.

What are the settlement options?

• Fiat currencies:

  • EUR: SEPA, SEPA Instant, SWIFT, BLINC

  • USD: SWIFT, BLINC, ACH, Fedwire

  • GBP: Fast Payments (FPS), CHAPS (upon request)

• Digital assets:

  • a blockchain transaction

Which banks do you work with?

We have bank accounts with several banks and payment institutions. Settlement within the same banking partner is a great option to improve the delivery process, as it is usually available 24/7, triggers fewer AML compliance questions, and incurs no or minimal fees. Check our website to discover the banks we currently have accounts with.

What is the limit for SEPA Instant payments?

The SEPA Instant limit is 1M EUR per transaction. For amounts exceeding this limit, the payment can be sent via standard SEPA or split into several transactions. For specific cases, please reach out to your account manage

Do you support SWIFT payments?

Yes. SWIFT is supported for both USD and EUR withdrawals and deposits (EUR also via SEPA / SEPA Instant / BLINC; USD also via BLINC / ACH / Fedwire)

Where can I find FinchTrade's bank details and wallet addresses?

All current bank details and crypto wallet addresses are available in your account at app.finchtrade.com. For crypto settlement addresses: first add your own sending/receiving address for the asset; once it is added, the system generates and shows FinchTrade's corresponding receiving address.

Can you handle Fiat on/off ramps?

Yes, our main focus is EUR liquidity, namely BTC/EUR; however, we support other fiat currencies like USD or GBP, too. Contact us to figure out if we can help you with your specific request.

What reference should I include when making a fiat deposit?

We have automated the process of deposits: 1. Please add all your IBANs on app.finchtrade.com (make sure to tick the box indicating it is a pooled account). 2. When sending funds, please specify your number in our system (MG9999) in the description field. MG ID Can be found by clicking your profile icon in the lower left corner of the app under your email and company name.

Do you support payments to third parties?

We only send a fiat currency to the bank account in your name and a digital asset to your wallet.

However, we are ready to discuss your particular case and find a suitable solution.

Do you use cold wallets? Are there security certificates?

FinchTrade uses Fireblocks and Inabit as custodians, which use MPC technology and provide a powerful tool to manage blockchain wallets and transactions. All addresses are white-listed.

How are my crypto assets stored and how long can I keep them?

Your crypto assets are held in our custody solution (Fireblocks and Inabit, using MPC technology). If your company has dedicated professional treasury, assets can be stored indefinitely. If not, the maximum holding period is 60 days.

Is intraday (instant) trade settlement available?

Yes. FinchTrade supports instant settlement without the need to wait until end of day. Clients can perform multiple settlements throughout the day, providing greater flexibility in liquidity management.

Deposits are taking longer than expected. What could be the reason?

Please ensure that the blockchain transaction has “confirmed” status and that the sending address is added and approved in your FinchTrade account before contacting support. Note: a first-time deposit is credited automatically only after the sending address has been added and approved. Immediately after address approval a short sync time is normal before the deposit appears — this does not mean the process is manual.

How long does a withdrawal take?

Withdrawals are processed automatically and in most cases complete within minutes. Occasionally processing can take up to about an hour, e.g. during periods of high demand for a specific stablecoin/network or when a receiving address is being verified. If your withdrawal has not arrived within ~1 hour, contact your account manager and they will prioritise it.

Is it possible to lock the position parameters at the moment a request is created?

Once a request is submitted, the system requires a short processing time. During this period, market conditions or position parameters may change. If, at the time of actual processing, the required conditions are no longer met, the operation may not be executed.

Your compliance team asked about one of our transactions — what should we do, and does it affect our trading?

Requests from our compliance team about a specific transaction (for example, to confirm the source of funds) are a routine part of our AML/KYC obligations — they are not an accusation. Please respond as soon as possible. Such a request does not, by itself, suspend or restrict your trading — you can continue trading as usual unless we explicitly tell you otherwise.