How Does MW-Wallet Work?

How Does MW-Wallet Work?

The app allows MTBank clients to buy, store, and exchange cryptocurrency.

To understand how everything is set up, it’s important to know which companies are involved and what roles they play.

Who is involved in MW-Wallet's operation?


MTBank

This is your bank, used for operations in Russian rubles (RUB).
You can use your MTBank card to purchase cryptocurrency in MW-Wallet.

MW-Wallet

This is the app you use to interact with crypto assets.
It serves as the interface for managing cryptocurrencies and provides access to a licensed exchange platform.

Regulated Cryptocurrency Exchange – FREE2EX

This is the licensed exchange platform responsible for storing and exchanging cryptocurrency.
All crypto transactions go through this exchange.
Your crypto assets are stored here, and you can withdraw them to external wallets.

How does it work?


You fund your MW-Wallet account with RUB from your MTBank card.

In the MW-Wallet app, you initiate an exchange transaction—converting RUB to cryptocurrency. This exchange happens on the crypto exchange.

Your cryptocurrency is stored on the exchange, and you manage it via the MW-Wallet app.

You can:
  1. Exchange cryptocurrency for fiat or other cryptocurrencies
  2. Deposit and withdraw cryptocurrency to/from external wallets
  3. Deposit and withdraw RUB to/from your MTBank account








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