Wallbit is a financial platform that enables you to open a U.S.-based account and access banking and investment services directly from Latin America. When you open a Wallbit account, both a checking account and a brokerage account are established in your name within the United States.
To provide these services, we partner with U.S.-based banking and investment infrastructure providers that operate under strict regulatory frameworks established by U.S. government entities and financial oversight bodies.
Our technology partners implement industry-leading cybersecurity practices, including end-to-end encryption, multi-factor authentication (MFA), and continuous transaction monitoring to prevent fraud and suspicious activity. This ensures a secure, transparent, and reliable platform, allowing our users to invest with total peace of mind.
What Role Do the SEC and SIPC Play in Protecting My Funds?
Our providers are registered with and supervised by entities such as the Securities and Exchange Commission (SEC) and are members of the Securities Investor Protection Corporation (SIPC).
This ensures they operate under rigorous standards designed to protect investors. In the event that one of these providers faces financial insolvency, SIPC protection covers up to $500,000 per customer (including a $250,000 limit for cash), providing an essential layer of security and backing for Wallbit users.
Your U.S. Account
In short, opening a Wallbit account gives you access to a U.S. checking account and a brokerage account. Both accounts are protected by regulatory agencies and allow you to conduct banking and investment transactions in the United States from anywhere in the world.
If you have further questions about how Wallbit works or how to open an account, please do not hesitate to contact our customer support team. We are here to help you make the most of your Wallbit experience.