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What types of wallets can I use?

Written by Anna

Internal wallets

VaultNow gives you an access to create unlimited number of internal wallets that can be used for split you finance flows as necessary. You can use them both for pay ins and payouts.

For example, you can create unique wallets for specific customers to track receivables or create for specific spends with allocated budgets like marketing, business trips, salary etc.

Using this type of wallets help you to forget about gas fees allocations because we will handle with this. So you don't need to buy and send TRX or ETH to make transfers.

All transaction data made using this wallets will be reflected in the tab Transactions.

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External wallets for tracking

External wallets can be connected for tracking only. In this case:

  • transactions and balances are displayed in the system

  • payments are not available from these wallets

To connect an external wallet just for tracking, select For tracking during connection.

You can't track wallets with exchange tags, wallets with a large number of transactions, or contract addresses. These wallets will be marked as Suspicious and will not be shown on the Transactions page.

External wallets for payments

External wallets can also be connected for payments and tracking.

To use an external wallet for payments:

  • during wallet connection, you must select For payment

  • the wallet will then be available for selection during payment

Important note

The connection mode is defined at the moment of wallet connection:

For tracking β€” tracking only, no payments

For payment β€” payments and tracking

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