FAQ

Anyone who is at least 18 years old and older, has a bank account of the EU or EEA and who is not a citizen of a country included in the Financial Action Task Force anti-money laundering (FATF AML) list and high-risk jurisdictions list of the EU.

You need to register on the Esketit Platform, confirm your email address, complete the identity verification process by providing either a National ID or a passport, and verify your bank account.

The identity verification process is completed online. You will need to make a photo of your identification document showing both sides and your face. The KYC and identification services are performed fully online, using Veriff, an online identity verification provider.

It usually takes a few minutes to verify a Private account. For Institutional, it may take longer.

You can verify your account after your identity is confirmed. To do so, you need to transfer funds to one of the bank accounts listed on our website. This allows you to connect your bank account to your User Profile. You only need to do this once. Minimal amount is just 10€.

The bank verification process is complete after your bank delivers your payment to us. Delivery time depends on how fast your bank delivers payments in EUR currency.

Please contact [email protected]

To add the funds to your user profile balance, you must make a transfer by following the procedure specified on the section ‘Top-up & Withdrawal’ in your user profile. Please make sure to add your user’s ID (starting with INV-) in the payment details/purpose. Your user ID is visible on the “Account Overview” section of your user profile. We accept SEPA (Single Euro Payment Area) payments in Euro currency only. Swift payments and payments via credit/debit cards are not accepted.

The minimum claim purchase amount is 10€.

EUR and USD.

Yes, an electronically concluded Assignment Agreement will be made available on your user profile.

There is no limit, as long as you have funds available on your user profile.

Yes, by using Esketit Automated strategies or by offering the claim for sale on the Secondary Market.

The auto-purchase feature enables you to buy claim rights automatically, saving you valuable time. Simply set your preferred parameters, limits, and settings that align with your goals and risk appetite, then activate auto-purchase in your user profile. Once enabled, auto-purchase will execute transactions on your behalf as soon as matching claim rights become available on Esketit.

Please note that auto-purchase works based on a queuing system, the logic works upon FIFO (first in first out) method – the first strategies added into the queue (after creation or update) are first taken out to be fulfilled.

A claim is available for purchase for as long as it has not been purchased by another user.

The interest is calculated in accordance with the interest rate specified in an assignment agreement. The interest is calculated on a daily basis starting from the day on which you have concluded the assignment agreement until the end date of the assignment agreement on which you receive repayment.

The formula for calculating interest = days of the assignment agreement / 365 * interest rate * claim purchase agreement.

Most lenders provide a guarantee in the form of a buyback obligation. This means that the lender is required to buy back (redeem) the user’s claim rights against the defaulted borrower if the borrower’s repayment has been delayed for more than 60 calendar days or as specified in the assignment agreement. When exercising the buyback obligation, the lender pays a buyback price, which consists of the initial claim price paid by you and the accrued and outstanding interest.

Whether a buyback obligation applies to a particular claim rights offer will be specified on Esketit.

Yes, a loan could be extended up to 5 times and each extension could be no more than 31 days.

The secondary market provides an opportunity to offer claim rights for sale before their maturity. Esketit does not charge a fee for using the secondary market, making it a useful option if you need a quick exit.

Yes, the interest will be calculated until another user buys it.

You may choose to offer a claim right for a sale on the secondary market by applying a discount or premium to a claim price, which may impact how fast the claim right may be purchased by others.

Yes, you may offer for a sale on the secondary market a claim right you have purchased previously on the secondary market.

Each user receives their own unique referral code that they can copy & paste from the referral page and send to friends, colleagues, family, social media followers... anyone. When a new user registers with Esketit using your unique referral code and verifies the account, it gets added to your referral list. Your friend needs to complete the identity verification for them to count as a referral. After registration and verification, your friend must make the first purchase of a claim right within 30 days for you both to receive bonuses.

You don't need to join. When you register with Esketit, you automatically get a unique referral code that you can share with anyone. Every user that shares their code successfully, automatically becomes eligible for the referral program bonus.

You can refer an indefinite amount of people – the more, the better. And the more your friends purchase, the bigger your bonus; however, per each referral, your maximum bonus is € 1000.

In legal terms, it goes like this: The referral bonus is calculated in the amount of 1% from your referral’s purchased outstanding amount of funds on Esketit within 30 days of registration, but not more than € 1000.

Don't forget, that this is a win-win situation, because both, you and your buddy will receive the bonus. The referral bonus will be credited to both of your user profiles in one instalment within 10 business days after 30 calendar days from the date of the referral's registration with Esketit.

If you're really interested in all the legal information, visit the Referral program's T&Cs page. But other than that, it's pretty straightforward: more friends = more rewards. So share your code and receive tasty bonuses.

Sharing is caring. Sharing is earning.

You can withdraw any amount shown under the “Available funds“ field by specifying how much you want to withdraw and press the “Withdraw“ button. The requested amount will be credited to your linked bank account according to the terms and conditions specified in the platform user agreement.

Esketit Platform does not take responsibility for paying taxes on capital gain or the interest earned. Each User is responsible for familiarizing themselves with the tax laws applicable in their state and paying all required taxes.

If you have questions that are not covered in the Frequently Asked Questions section or want to share any feedback with us, please do not hesitate to contact us at [email protected] We will be happy to hear all your ideas and implement the most requested ones.

Two-factor authentication (2FA) is a security procedure requiring two distinct identification forms to access information online.

Two-factor authentication is used to strengthen the security of your assets available in your Esketit account in an unlikely case of a security breach or data leak. 2FA does this by requiring two types of information from the user—a password and a code sent to the user’s smartphone via authentication service, in our case, Google Authenticator—before your assets can be accessed. Even if your password gets stolen, the attackers can not access your assets without your physical mobile device.

First, you need to install the Googe Authenticator app on your smartphone. For Android, press here, and for iOS, you can get it here.

Once you have set up the authenticator app, visit your Esketit profile > Two-factor authentication to enable the new security feature.

After enabling it, open the window with instructions, generate a QR code, and follow the on-screen instructions.

To disable 2FA, visit the Security page, enter a new 6-digit code generated by the Google Authenticator app on your phone, enter it in the space that says “6-digit code”, and press “disable”.

NB! We strongly suggest keeping the 2FA enabled at all times so secure your assets.