Understanding Your Wallet
Your ClapPay wallet is your digital account for holding, sending, and receiving money. Here's everything you need to know.
What is Your Wallet?
Your wallet is like a digital bank account. You can:
- Hold money in multiple currencies
- Send money to anyone, anywhere
- Receive money from others
- Pay for goods and services
- Convert between currencies
Wallet Overview
When you open your wallet, you'll see:
Total Balance
The combined value of all your currency holdings, shown in your default currency.
Currency Balances
Individual balances for each currency you hold (USD, EUR, GBP, etc.).
Available vs. Pending
- Available: Money you can spend or send right now
- Pending: Money that's on its way (incoming transfers not yet completed)
Managing Your Wallet
Add Money
Fund your wallet by:
- Bank transfer
- Debit card
- Receiving from another user
Withdraw Money
Send money to your bank account:
- Instant or standard transfer options
- Available in your local currency
Convert Currencies
Exchange between currencies:
- Competitive exchange rates
- Instant conversion
- No hidden fees
Wallet Security
Your wallet is protected by:
- Bank-level encryption
- Two-factor authentication
- Real-time fraud monitoring
- Instant freeze capability
If you notice suspicious activity, you can freeze your wallet immediately from the app.
Wallet Limits
Your wallet has limits based on your verification level:
| Feature | Unverified | Verified |
|---------|------------|----------|
| Wallet balance | $1,000 | $25,000 |
| Monthly inflow | $1,000 | $50,000 |
| Monthly outflow | $500 | $10,000 |
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