How the route-based model works
Routes are reusable verified conversion paths between the user's own External Accounts. Buy routes use a Virtual Account Number. Sell and Swap routes use a Liquidation Address. Routes are not accounts and do not represent balances held by Credium.
Credium Digital EAD is currently preparing and pursuing authorisation as a Crypto-Asset Service Provider under MiCA. The services described on this website are not currently offered, available or open to customers. They will only be provided after the required regulatory authorisation has been granted by the competent authority. This website is for informational and explanatory purposes only and is intended to describe the proposed business model.
How the route-based model works
After authorisation, users will complete onboarding and verification.
Users add verified fiat accounts and crypto addresses. These are the only endpoints that may be used for routes.
The user selects a source External Account and a destination External Account. The system identifies whether the route is Buy, Sell or Swap.
The user accepts that the displayed price is indicative and that the final execution price is determined when funds or crypto-assets are received, reconciled and ready for execution.
Buy routes use a Virtual Account Number. Sell and Swap routes use a Liquidation Address. These are route identifiers, not balances or accounts.
Three core concepts
A Credium-controlled route-specific operational address used for Sell and Swap routes. It identifies one verified crypto-in conversion path and is used only to reconcile and process crypto-assets sent through that route.
The Liquidation Address is not a client wallet, not a custody account, not a payment account, not a deposit and not a continuing client balance.
A route-specific payment reference code assigned to a verified Buy Route. It is used only as the payment reference for fiat transfers sent through that route, to reconcile them with the corresponding verified conversion path.
It is not an IBAN, not a bank account, not a payment account, not a deposit and not an e-money instrument.
A verified bank account or crypto address that belongs to the user. Routes can only be created between verified External Accounts. Crypto accounts are verified per address on a supported network; fiat accounts are verified per currency and payment rail.