What is Swype?

A guide to getting started with a crypto-banking stack.

Swype is a non-custodial crypto wallet tied to a custodial bank account with the main goal being to simplify onboarding and offboarding back and forth from your bank account and decentralized applications.

Using crypto today requires you to have access to 3-4 different apps/platforms.

  1. An exchange account, like Coinbase, to on-ramp and off-ramp

  2. A wallet to interact with decentralized applications

  3. A bank account to convert crypto to dollars

Swype combines these three experiences into one, allowing for easy onboarding into the world of crypto and web3.

The Wallet

Swype's wallet is entirely non-custodial. This means that Swype does not store your keys and that they are safely stored on your iOS keychain. This also means that Swype saves your wallet keys under your Apple ID.* Keeping your Apple ID secured is essential to ensuring that your keys remain protected.

Additionally, Swype allows you to import and export your keys to other wallets, such as MetaMask and Coinbase wallets, to prevent vendor lock-in and give you complete flexibility.

*The benefit of tying your keys to your Apple ID is that it allows you to access your Swype wallet on any iOS device you own, provided that you are signed into the appropriate Apple ID.

The Bank Account

Swype uses Evolve Bank & Trust to secure your custodied fiat assets. This means that your funds are FDIC insured up to $250,000, making the bank account that you hold with us functionally equivalent to any other legitimate bank account. All of your funds are accessible at any time or place through the Swype app via a variety of methods such as:

  • ATMs

  • Debit Cards

  • Wire Transfers

  • ACH Push & Pull

  • Digital Checks

Your bank account with Swype is the same as your bank account with any other bank except that it comes with native crypto features, such as the ability to directly convert fiat in your account to crypto or to convert crypto from your wallet to fiat in your account.

Our bank accounts require KYC compliance due to federal laws, but our crypto wallets do not require this. To ensure an optimal experience with Swype, we recommend verifying your information with us. Swype does not own or sell any of your data. All sensitive data you input is sent directly and securely to our banking partners for processing.


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