To open a Damex account you need to be at least 18 years old and a UK resident. You also need an iOS or Android phone along with a valid means of ID. We accept your:
– Passport
– Full driving licence
– Residency permit
– National identity card
Yes, you currently need to be a UK resident to open a Damex account. We will soon launch in other countries as well!
Your credit history won’t stop you from opening a Damex account. We believe in creating an account that is truly built for everyone.
We accept different types of photo IDs including:
– Passport
– Full driving licence
– Residency permit
– National Identity card
You will need one of these to open a Damex account.
There can be several reasons why we’d need additional documents, here are some examples:
KYC – Know Your Customer
We need to confirm that you are who you say you are.In the banking world, this is called Know Your Customer (or KYC for short). Normally this will happen automatically as part of the account opening process, but at times this might not be possible and we’ll need to review manually. The most common reasons for this are if you’ve recently changed your address or are not on the electoral roll, but there can be other factors.
AML – Anti Money Laundering
We need to make sure that there is no money laundering on Damex. If you reach a certain threshold when depositing, or exchanging funds, we may need to ask for additional information.
Change in Circumstance
Any changes to your circumstances such as changing your name or address can mean that we’d need additional documentation to confirm this.
Quality Assurance
At times we randomly choose accounts to undergo further verification. We do this to ensure our checks are working and to protect our clients.Please don’t be worried about this, it’s standard practice and one which all responsible financial firms carry out.
In the app, go to Settings>Change my phone number and add your new one.
In order to change the email associated with your account, please send an email to [email protected] with the following:
1. A selfie holding the same proof of identity that you used in your photo verification process along with a written note with today’s date and DAMEX written on it, and
2. Provide your old email and the new one
Send us an email at [email protected] and our client support team would be happy to help.
Send us an email to [email protected] and our client support team would be happy to help get this across to you.You can also find details of all your transactions in the Damex App under Activity.
Damex will always hold and use your data securely, responsibly, and transparently under our Privacy Policy.
Once we’ve received your complaint, we’ll acknowledge this by email. We’ll then investigate all the details of your complaint and issue our response within a couple of days, but this can take up to 15 business days.
If you already have an account with Damex and you’ve tried logging into your app but have been asked to verify your phone number, you may have accidentally entered an alternative email address.
To fix this, simply go back and enter the email address you originally signed up with.
If you can’t remember what email this is, you can search in your inbox for your original signup email from us.
Select the Forgot Access code link which you’ll find when opening the app.
A member of the client support team will be notified and will give you a hand resetting your access code.
Log in to the app, then select your profile in the top left. You’ll see the option to Log out.
Yes. damex.io and the Damex Group is regulated and registered in a number of different jurisdictions for different products and services. Damex.io is registered as a partner of an authorised EMI distributor under Modulr Finance, registered with the Dutch National Bank in the Netherlands, by the FCA in the UK and the GFSC in Gibraltar, which allows Damex to issue IBANs and sort codes to clients within the Damex ecosystem in the UK and EU. Damex.io UAB is also registered in Lithuania with the FCIS to offer virtual currency exchange and custody services. damex.io was among the first DLT providers authorised by the GFSC to provide broker/dealer and custody services.
Visit our website www.damex.io, scroll down and you will see the option Privacy policy. Or visit this link → Privacy Policy
No. We are a payment platform, you can use it as a bank, for trade with cryptos or to swap cryptocurrencies.
Log in to the app, then select your profile on the top left.You’ll see the option Settings. Go to the tab Security and activate the 2-step verification.
The exchange rate will be automatically quoted, either leaving you the choice on the device to exchange or Damex to convert the foreign currency into your local currency.
You can use your Damex Card everywhere, as long as you have sufficient balance, there will be no problem. Please note that there are fees imposed on ATM withdrawals above a certain amount per month.
We recommend you report your suspicions to us immediately by contacting [email protected] who will then walk you through the next steps,and activate the in-app – freeze your card – safety feature on your card to stop any online payments.
You will be able to use your Damex card abroad as long as you have sufficient funds in your main account. This applies to customers with multiple accounts and/or currencies.
Well, this should be easy, just make a standard transfer to your Damex account. **For Gibraltar clients there may be some issues sending funds from Revolut. To fix the problem, set your country of residence in Revolut to the UK (as it appears on Damex).
You can make payments to your Damex account through your external bank app but not from within the Damex app. We are working on making this possible in the future.
Firstly you will need to activate a Two-Factor-Authentication in your account. To do this, click your profile in the top left corner, go to Security and turn on both options on the 2FA Settings (Sign In and Funding). You will be prompted to use the Google Authenticator app to verify your account. Once verified, you can send funds to Damex Friends or external accounts.
Yes, however only to another Damex user (Damex Friends). Once you add another user as your Damex friend, the option to send funds will become available (click Send, next to the user’s name and follow the steps).
You can also send money to external accounts (this will not come with zero fees) by going to Accounts > select the currency you would like to send > Pay > Bank Transfer > Add Beneficiary. You will then enter the person’s bank details.
Yes, on the Home page, go to Accounts>select the crypto you would like to send>Pay>External Wallets>Add external wallet. You will have the option to scan a QR code or enter the address manually. These details will be saved for future payments.
Your Instant, Easy, and Safe Mobile Payment App
Simplify Your Asset Exchange Experience
We’ve got the right solution to keep your funds safe
Turn Your Finances into a Rewarding Adventure!!
Swipe, Shop, and Celebrate: Financial Freedom with Damex Visa Cards!
Unlock the True Potential of Your Finances
Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes
Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk.
Damex offers three alternative custody solutions.
Find out more about Damex.
Join the DAMFAM.
We are dynamic, we are progressive, we are united.
We are dedicated to make ownership and management of Digital Assets simplified.
As you may have read, Damex’s retail arm has been acquired by Ziglu, one of the world’s leading licensed cryptocurrency platforms. We’re ready to officially join forces, so you can benefit from Ziglu’s platform.
If you are a UK or Gibraltar retail customer, we invite you to transfer your account and services with Ziglu.
If you are an EEA customer migration to Ziglu will be available in phase two, expected in Q1 2025.
The transfer process of your Damex account to Ziglu is simple and secure.
Simply follow the link in your email to create your Ziglu account, where you will be guided through the necessary steps to confirm your account details and agree to Ziglu’s Terms of Service.
Suppose you are already a Ziglu customer then, good news! In that case, simply email us at [email protected] requesting a balance transfer to your Ziglu account. Once we’ve done all the necessary verification we will connect your Ziglu account and you will see your Damex funds reflected there within 5 business days, at no cost to you.
Once you’ve been verified as a Ziglu customer, Damex will receive a prompt and any remaining balance on your Damex App will be automatically transferred to your Ziglu account within 5 business days, at no cost to you.
Accounts & Payments
Exchange & Trading Features
Crypto Yield Accounts
Cards [UK only, GIB feature access from 2025]
Settings & Other
There is no charge to a customer when ordering either a Virtual or Physical card.
Ziglu does not currently support direct debits for the account. It’s recommended that customers change any required direct debits to a supported account.
Transactions will be charged to the currency the card has been issued in. Any transactions that take place outside of the issued currency will incur the Mastercard FX rate fee. When traveling there is the option to temporarily convert currency into either USD or EUR with a favourable FX rate, transactions will then be linked to that currency.
More information on asset support and services offered by Ziglu for Damex clients can be found here.
Not all assets provided by Damex are offered by Ziglu. If you own one of the following assets, you must exchange or withdraw it from the Damex App before signing up with Ziglu:
If you do not wish to transfer your Damex account to Ziglu, you can withdraw your assets and close your account.
Apple Pay is currently not present in Gibraltar
