Frequently Asked Questions
What is EQI?
EQI is a regulated and licensed offshore bank, whose founders and directors have over 240 years of combined experience in banking, financial services, exchanges, asset management
How is EQI different to other institutions?
EQI is the first licensed and regulated global bank that provides a single ecosystem encompassing national currency and cryptocurrency banking, trading, custody, lending, clearing
What are the benefits of opening an EQI account?
Business checking accounts contain a range of services that can be tailored to each client’s requirements, while business lending and trade accounts benefit from extensive international payment, cryptocurrency and foreign exchange services.
Who can open an account?
Those who deposit 5,000 EQI Tokens into EQI’s insured escrow account, thus taking them out of circulation, are able to obtain Bronze membership which is the minimum requirement to be eligible for an account.
Are my crypto and digital assets secure with EQI?
Less than 2% of client funds are kept online at any time, while assets in custody with EQI are secured to full banking standards. Cryptocurrency and digital assets are kept offline in cold storage vaults at secure locations and are further subject to fraud protection and risk-screening processes.
Is my EQI crypto wallet insured?
How will EQI ensure that it remains compliant?
EQI will introduce a seamless onboarding process and empower a network of partners to use a solution native to the platform, called EQICheck, in order to address the exponentially growing demand for efficient KYC and AML/CDD requirements.
How does lending work on EQI?
EQI will provide traditional bank loans and a P2P platform that enables clients to borrow or lend against their cryptocurrencies and digital assets. The use of smart contracts makes this a safe and efficient process.