What is my 'Account Type'?
Understanding Account Types on AUDD Digital
Auddrey
Last Update 6 เดือนที่แล้ว
Choosing the right account type is crucial when joining the AUDD Digital platform, as it determines the range of features and functionalities available to you. AUDD Digital caters to a diverse user base by offering four distinct account types: Individual, Business, Partner, and Wallet. Each is designed to meet specific needs, from personal use to corporate applications and partnerships. This guide outlines the benefits and functionalities of each account type to help you select the one that best fits your requirements.
Individual Accounts
Designed for personal use, the Individual account type offers a comprehensive set of features for everyday users. Upon verifying your identity, you gain access to a basic range of functionalities that include:
- Depositing and withdrawing Australian Dollars (AUD)
- Buying and selling AUDD
- Sending and receiving AUDD on-chain and through the claimable balance feature
- Participating in the AUDD Digital rewards program
This account type is ideal for users looking to manage their AUDD transactions efficiently, with the added benefit of engaging in the rewards program.
Business Accounts
The Business account is tailored for corporate or institutional use, including sole traders, partnerships, companies, trusts, SMSFs, and more. It requires entity verification to access its features, which encompass all the functionalities available to Individual accounts, along with additional business tools designed to streamline operations. These tools include:
- Invoicing capabilities
- Transaction metrics for detailed analysis
- Payouts for managing bulk transactions
Business accounts are suitable for entities seeking to integrate AUDD into their operational workflow, offering tools that facilitate financial management and reporting.
Partner Accounts
Partner accounts are designed for users referred by one of AUDD Digital’s preferred partners. This account type utilises an express signup service, enabling quick and easy account opening. It includes all the features listed for Individual accounts, offering a seamless transition for users coming through partner referrals. This account is ideal for those looking to leverage the benefits of AUDD Digital through our partnership network, ensuring a streamlined experience from the get-go.
Wallet Accounts
The Wallet account focuses on AUDD-only functionality. It allows users to:
- Send and receive AUDD on-chain
- Engage with the claimable balance feature
- Participate in the AUDD Digital rewards program
This account type is perfect for users primarily interested in the digital currency aspect of AUDD Digital, providing a simplified interface for managing AUDD transactions without the additional features of the other account types.
AUDD Digital’s diverse account offerings ensure that users from various backgrounds and with different needs can find a setup that suits them best. Whether you're an individual looking to explore digital currencies, a business aiming to incorporate digital transactions into your operations, a partner referred to take advantage of specific benefits, or someone interested in the basic functionality of sending and receiving AUDD, there's an account type for you. Understanding the features and benefits of each can help you make an informed decision, allowing you to maximise the advantages offered by the AUDD Digital platform.