Gluwa Invest (Bond Account) FAQ

A list of frequently asked question about how our Bond Account operates

When can I withdraw?

Your deposited balance plus your earned interest will become withdrawable 12 months (365 days) after date of deposit. If you have made multiple deposits, each deposit will become separately withdrawable 12 months (365 days) after deposit date.

What documents are acceptable for proof of address?

The below document types will be acceptable provided they have been certified by a certifying authority (lawyer, doctor, accountant etc.). The document must clearly show your name and must match the residential address you provided during user sign-up.

  • Utility bill (dated within 90 days)

  • Bank statement (dated within 90 days)

  • Lease agreement

  • ...

Why do I have to provide proof-of-address?

We require certified proof of address in order to meet our KYC compliance obligations.

What is KYC and why do I have to do it?

KYC or Know Your Customer is a procedure any financial services company is obligated to go through to verify the identity of its users. The procedure fits within the broader scope of their Anti-Money Laundering (AML) policy.

Can I open a Bond Account if I'm a U.S Citizen?

No. The Gluwa Invest Bond Account is available in most countries worldwide except for the United States. We are currently working with our partners to make our products available to U.S. citizens. Join our waitlist here to get notified when this happens.

Where can I view/download the agreements I provided consent for

All agreements and documents related to the Gluwa Invest Bond Account can be found under Menu -> Account -> Agreements + Documents within the Gluwa App.

What is 'Total Withdrawable Balance' mean?

The total withdrawable balance is the amount you are able to withdraw at that time. In other words, it is the total of your deposits that have matured by 12 months/365 days.

How does a Gluwa Bond Account work?

The Gluwa Invest Bond Account enables individuals to earn interest on their deposited crypto.

What is the Gluwa Invest Bond Account?

The Gluwa Invest Bond Account is an interest-bearing account that offers market-leading yields (15% APY) to crypto investors. Users can deposit crypto into the account to start accruing interest daily. Your deposit plus the interest you've earned is withdrawable 12 months after you deposit (i.e. when the balance matures).

Are there any tax implications for me using the Gluwa Invest Bond Account?

Gluwa cannot provide any tax, legal or accounting advice. You should always consult your own tax, legal and accounting professional before engaging in any transaction.

We are required to collect tax information from you in the Subscription Agreement during user sign-up/deposit.