Frequently asked questions
WHAT IS BANKAERO?
BANKAERO is a multi-currency digital wallet that provides users with a secure and convenient platform for exchanging, storing, and accepting Bitcoin and other cryptocurrencies via one easy-to-use interface.
HOW CAN I USE BANKAERO TO BUY BITCOIN?
BANKAERO is a platform for instantly buying and selling Bitcoin. We make it fast, easy, and secure. Simply register for a BANKAERO account and create a Bitcoin Wallet - there are Buy and Sell features built right in.
WHERE IS MY BITCOIN ADDRESS?
The wallet address is located in the My cryptowallets section of the BANKAERO account. Clicking on the ‘Generate address’ button will open a new window with your QR code (a form of address that can be scanned to transfer funds) and your Bitcoin address.
WHAT ARE LABELS?
Labels are short, easy-to-remember words for long, complicated wallet addresses. For example, it is a lot easier to remember the label "homewallet" than it is to remember the wallet address "3Gi9yMNjBqz1rJwnkcXYxj72LhnyU...".
WHAT ARE ACCEPTABLE FORMS OF IDENTIFICATION?
In order to fully utilise your account, you will have to verify yourself. To verify yourself, you will need to provide a proper form of identification such as:
- Valid driver’s license
- Valid passport
- A government issued identification card
You will also need to provide proof of residence by providing a (or multiple) utility bill(s), such as the following:
Utility bills must contain the following information:
- Your name
- Full address
- A barcode or a stamp and signature from the utility provider
You may also provide a current bank statement showing recent transactions and signed by a banker as proof of residence. Proof of residence should be less than 3 months old.
HOW DOES A BANKAERO LOAN WORK?
You can just transfer your crypto assets to your BANKAERO Wallet and get an instant crypto loan (credit line), which you can immediately access using the free BANKAERO Debit Card (pending development) or by withdrawing EUR to your personal/business bank account. In order to obtain a loan, follow these steps:
- Sign up for your BANKAERO account at www.bankaero.com
- Go to “My Loans” where you will see the available loan amount after you input all the necessary data
- Deposit your crypto assets to the show address. The platform supports BTC with major altcoins being added on a regular basis
- Choose the preferred withdrawal method and enter your bank account
- Enjoy spending your BANKAERO Loan
WHAT HAPPENS IF I DON'T REPAY MY BANKAERO LOAN?
If a borrower does not repay the Loan in the due term, BANKAERO will initiate an automatic loan repayment process by selling deposited crypto assets in order to repay the Loan balance. Sell market orders are made at the market price on leading cryptocurrency exchanges. The funds received back from the exchange will be instantly applied towards repaying your loan balance.
WHAT CAN I USE BANKAERO LOANS FOR?
You are free to allocate the funds from your BANKAERO Loan towards your specific needs or financial goals. Different borrowers around the world have varying demands and preferences for how long they will use the funds from their BANKAERO loans. As people who have been in the business of lending for over 10 years, we know how important it is for our clients to have access to cash when they need it. This is why we serve both small and large requests so that our clients can pay for day-to-day expenses or take advantage of a good investment opportunity.
WHAT IS THE INTEREST RATE OF MY LOAN?
Annual Percentage Rate (APR) is 20%.