about nuud money
what is nuud money?
nuud money is a self-custody platform that makes it easy to send, receive, and manage money across borders using bitcoin and stablecoins. we help individuals and businesses move money globally in minutes — without banks or middlemen.is nuud money a bank?no. nuud money is not a bank or financial institution. we don’t hold or manage your money. we simply provide the technology that enables you to send, receive, and store digital currency securely and directly — in your own control.
what does “self-custody” mean?
self-custody means you hold your own money. instead of a bank or app keeping it for you, you hold it yourself through your own wallet and secret words. these secret words are the only way to access your funds — no one else, not even nuud money, can touch your money or recover your access. in traditional banking, the bank owns the keys. with self-custody, you own them.does nuud money have access to my funds?
no. nuud money never touches or holds your funds. the wallet lives on your device, and your funds sit on the blockchain — not in our accounts. we simply provide the software and network rails that make peer-to-peer transactions clear, fast, and easy.
using nuud money
what can i do on nuud money right now?
you can:
receive crypto payments from anywhere in the world
send crypto (USDC for now) to other wallets or bank accounts in supported countries
store bitcoin, ethereum, polygon, and usdc in self-custody
use nuud business to manage your company treasury and global payments
which countries can i send money to?
right now, you can send usdc to bank accounts in nigeria, uganda, kenya, and tanzania. you can also send bitcoin, ethereum, polygon, and usdc to wallets on the same networks globally.can i receive money from another country into my local bank account?
yes. if someone sends you usdc through nuud money, you can off-ramp it directly into your local bank account in supported countries. funds arrive within minutes — no long clearing times.can i convert my crypto to cash?
yes. through nuud’s off-ramp service, you can send usdc to your bank account in supported local currencies.can i buy crypto (on-ramp) with nuud money?
not yet. nuud money currently doesn’t offer an on-ramping service — which means you can’t buy crypto directly using your local currency inside the app. to use nuud money right now, you’ll need to already have usdc (a digital dollar stablecoin) or other supported crypto such as bitcoin, ethereum, or polygon.how do i get started then?
you can:a. get usdc from another wallet or exchange you already use (like coinbase, binance, or a friend who can send it to you).
b. transfer that usdc to your nuud money wallet address — once received, you can send, receive, or off-ramp it instantly to bank accounts in supported countries.
when will on-ramping be available?
we’re working on partnerships that will allow users to buy crypto directly with local currency. once live, you’ll be able to top up your nuud wallet without leaving the app.is nuud money safe?
yes — but safety depends on you too. since nuud money is self-custody, your funds are as safe as your secret words. no one can steal your funds from our side, but if you lose your secret words or share them with someone, your funds cannot be recovered. ever.what are “secret words”?
your secret words (sometimes called a “seed phrase” elsewhere) are a unique set of 12 or 24 words that give you full access to your wallet. think of them as the keys to your safe. write them down privately and never share them with anyone. nuud will never ask for them.
for businesses
what is nuud business?
nuud business is a self-custody treasury solution for companies that send, receive, and hold money in bitcoin or stablecoins. nuud business offers business the ability to send USDC to teams and suppliers in supported local currency countries (nigeria, kenya, tanzani and uganda)can i pay employees or contractors abroad with nuud business?
yes. you can pay staff, suppliers, or freelancers anywhere in the world using bitcoin or stablecoins — instantly, peer-to-peer. stablecoins can be sent to bank local bank account in in supported local currency countries (nigeria, kenya, tanzani and uganda), this is converted to local currency.can businesses still comply with local tax and accounting laws?
yes. businesses are still responsible for declaring crypto transactions where required. nuud provides records of your transactions for accounting and reporting purposes.
regulation and compliance
does nuud hold my company’s funds?
no. your business holds its own funds directly. nuud only provides the wallet infrastructure and tools for managing them securely.is self-custody regulated?
the rules on self-custody differ from country to country. in many regions, holding your own crypto (self-custody) is not illegal and doesn’t require a license — but using it for business or payments may involve compliance with local financial or tax regulations.nuud money operates within a legal framework where we only provide technology — not custody, exchange, or investment services. however, we encourage all users to check with their local regulators or legal advisors for the most up-to-date guidance on using self-custody wallets and digital assets in their country.
does nuud money report my transactions to the government?
no. because we don’t hold custody or manage accounts, we don’t have visibility into or control over your funds. however, depending on your jurisdiction, you may be required to report your crypto transactions to tax or regulatory authorities.can i use nuud money even if crypto is restricted in my country?
you should always follow your local laws. some countries restrict or ban the use of digital currencies. we recommend checking the regulations in your country before using nuud money for remittances or business transactions.how does nuud money protect my privacy?
we don’t store your secret words, passwords, or private keys. we only collect minimal data needed to operate the app, such as device and transaction metadata. the wallet itself is decentralized — your assets live on the blockchain, not our servers.
technical and legal
who owns the wallet?
you do. your wallet is tied to your secret words. if you uninstall the app, you can recover your funds using those words on any compatible wallet.what happens if i lose my phone?
you can recover your wallet on another device using your secret words. if you lose both your phone and your secret words, your funds are permanently lost. nuud cannot restore them.what is the legal status of nuud money?
nuud inc. is a registered technology company that provides wallet software and financial infrastructure tools. it does not hold customer funds, provide investment services, or act as a money transmitter. all transactions are peer-to-peer and self-custodied.where are disputes resolved?
all disputes relating to the use of nuud money’s software are subject to arbitration in delaware, united states, as set out in our terms of service.can nuud money help me recover my secret words or password?
no. for your security, nuud money has no access to your secret words or private keys. keep them safe — they’re your only way to restore access to your wallet.