1 min read
Hardware wallet or phone: where to keep your savings
The question is not which is safer in general, but how much you hold and how often you touch it. Hardware removes one class of threats and leaves three others in place.
Security and AML
Checks, frozen funds, tainted USDT and how not to lose money because of someone else’s transfer history.
1 min read
Ledger: what the device really protects and what it does not
The device guarantees one thing: the private key never leaves the chip.
1 min read
Seed phrase: how to store it and what to do if it is lost
A seed phrase is access to your funds, not a password to an app. Lose the device and you can restore everything. Lose the phrase and the money is gone for good.
1 min read
Card blocked after a P2P trade: what to do
First find out what is restricted: a single transaction or the whole account. Then find the deadline in the bank's request.
1 min read
Your bank asks about the source of funds after a crypto sale: what to send
There is no official list of documents for crypto income, and the banks' own lists do not mention cryptocurrency at all.
1 min read
Order No. 465: the official list of red flags that stop a transfer
Banks do not invent risk criteria, they are listed in Ministry of Finance Order No. 465, in force since 24 February 2023.
1 min read
Financial monitoring: why a bank asks about a transfer under 400 thousand
The 400,000 UAH figure is a threshold for mandatory financial monitoring only, and it works together with one of the four indicators in Article 20.
1 min read
AML Checks and “Dirty” USDT: Why an Exchange May Freeze Your Coins
An exchange service may pause a transaction if AML scoring identifies a high-risk origin for USDT. The check assesses the history of the coins, not the customer’s identity.