Canonical: https://unicorncurrencies.com/features/multi-currency-wallets/

# Intelligence: Multi-Currency Wallets

## Summary

Hold 20+ currencies with unique banking details for each



Hold GBP, USD, EUR, AED and 20+ other currencies in separate wallets, each with unique banking details (IBAN, SWIFT, Sort Code). Instant conversions between currencies with real-time balance tracking and no monthly fees.

## How It Works

- **Step 1:** Open Currency Wallets — Activate any of 20+ currency wallets with one click. Each wallet gets unique banking details—your own IBAN, account number, or routing details for that currency.

- **Step 2:** Receive Payments — Share your wallet details with customers. They pay you in their local currency (EUR, USD, etc.) directly into your wallet. No conversion loss on receipt.

- **Step 3:** Hold or Convert — Hold funds in any currency until rates are favorable. Convert between wallets instantly at 0.5% spread when you choose.

- **Step 4:** Pay Suppliers — Pay suppliers directly from the matching currency wallet. No FX needed if you hold their currency—zero spread on same-currency payments.

## Benefits

- Hold 20+ currencies in separate wallets

- Unique account details for each currency (IBAN, Sort Code, etc.)

- Instant inter-currency conversions at 0.5%

- Real-time balance updates with animations

- No monthly fees or minimum balances

- Receive customer payments in their currency

## Use Cases

- **Import/Export Currency Matching:** You export to the EU (receive EUR) and import from China (pay CNY). Hold EUR until favorable CNY rate, then convert. No double conversion loss.

- **Multi-Region Supplier Network:** Pay suppliers in India (INR), Turkey (TRY), and Vietnam (VND). Hold each currency and pay directly—no conversion needed for routine payments.

- **Customer Payment Collection:** US customer pays your USD wallet directly. No 3% bank conversion on receipt. Convert to GBP when rates suit you.

## Operational Difference

- **Currencies:** Unicorn Currencies: 20+ with unique details each. Banks: Limited multi-currency.

- **Monthly Fees:** Unicorn Currencies: £0. Banks: £20-50/currency.

- **Conversion Speed:** Unicorn Currencies: Instant. Banks: 1-2 business days.

- **Minimum Balance:** Unicorn Currencies: None. Banks: Often required.

## FAQs

- **How many currencies can I hold?** You can activate wallets in 20+ currencies including GBP, EUR, USD, AED, CNY, INR, JPY, AUD, CAD, CHF, SGD, HKD, and more. Each wallet has its own unique banking details.

- **Do I get my own account numbers?** Yes. Each currency wallet has unique banking details—IBAN for EUR, sort code and account for GBP, routing and account for USD, etc. Share these details with customers for direct payment.

- **Are there fees for holding multiple currencies?** No monthly fees, no minimum balances, no inactivity charges. Hold as many currencies as you need for as long as you need. You only pay 0.5% spread when converting between currencies.

- **How fast are conversions between wallets?** Instant. Click convert, lock the rate for 15 seconds, confirm, and funds move between wallets immediately. Real-time balance updates show the transfer.

- **Can customers pay directly into my wallets?** Yes. Share your EUR wallet details with EU customers, USD details with US customers, etc. They pay in their local currency, you receive the full amount with no incoming wire fees.