Choosing Your Wallet
Last updated
Last updated
We recommend two types of wallets that work perfectly with FIVA:
Best for: People who already use Telegram and want maximum simplicity Setup time: 3-5 minutes KYC required: Yes (need to verify your identity) Type: Custodial
Pros:
Built into Telegram app you already use
Very simple interface
Can recover wallet if you lose phone
Cons:
Need to verify your identity
Best for: People who want complete control over their money Setup time: 5-15 minutes KYC required: No Type: Non-custodial
We recommend either:
(most popular choice)
(newer alternative)
Pros:
You have complete control of your money
No company can freeze or access your funds
Works on phone, computer, or web browser
No identity verification needed
Cons:
More responsibility for security
If you lose recovery phrase, money is gone forever
Need to download new app