Banknode FAQ
Clear answers about swaps, storage, transfers and account protection.
Questions, answered
Yes. Sign up with just your email and confirm the code. No passport, selfie or proof of address is required. Every transaction still passes AML screening.
A flat 0.5% for swaps between any of the 21 supported coins. The fee is shown before confirmation, and the exact exchange rate is shown in the app.
Banknode is a custodial wallet: Banknode holds the keys, so you do not need a seed phrase. Sign-in and withdrawals are protected by 2FA. Your balance is shared across Telegram and the web app.
Receive crypto using a deposit address on a supported network. Each network has a separate deposit address. Send crypto to external addresses on supported networks. Network fees depend on the chain, and every transfer passes AML screening.
Every transaction is screened for links to illicit activity. Funds linked to illicit activity can be blocked. No KYC does not mean no rules.
2FA is required on every Banknode account and protects sign-in and withdrawals. Sign in, choose to enable two-factor authentication, and scan the QR code with your authenticator app. Enter the 6-digit code shown in the authenticator app to confirm setup. Use fresh codes for sign-in and withdrawals.
Banknode supports USDT, BTC, ETH, TON, TRX, USDC, BNB, SOL, XRP, DOGE, ADA, AVAX, LTC, POL, NEAR, ATOM, ALGO, HBAR, TRUMP, HT and KRRX. Supported networks are listed on each coin’s page.
Networks depend on the coin. Each network has a separate deposit address. Check the supported networks on the coin’s page before transferring.
The flat 0.5% fee applies to swaps. Network fees for transfers depend on the chain.
If you lose access to your authenticator, use the recovery route provided by Banknode. If a setup key or backup codes are shown during setup, keep them safely offline. Never share your 2FA or email codes.
Banknode works as a Telegram mini app and a web app. Both share the same balance, with email registration and 2FA.
Start with just an email
Your coins. One balance. Telegram or web — the choice is yours.
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