Company: FLDDW
Filing Date: 2025-03-28
Form Type: 10-K
Source: 0001013762-25-004107
Chunk: 7

Company: Fold Holdings, Inc.
Filing Date: 2025-03-28
Form: 10-K
Item: Item 1
Chunk 7
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Provider then processes the trade using their own technology and liquidity partners. If a processing error is encountered, whether at
Fold or at the Bitcoin Service Provider, the sale is considered failed and the BTC is returned to the user’s account. Once Fold
receives a success notification from our Bitcoin Service Provider via API, the USD becomes visible in the user’s app and they receive
a sale confirmation email with the final details of the transaction.

●To withdraw bitcoin, users navigate to the Bitcoin
tab of the Fold app and select the “Send” button. They then select the “Withdraw” option which prompts them to
enter a specific bitcoin address to send to. Users are currently only able to withdraw 100% of their available bitcoin balance. After
entering the address, users are presented with a confirmation page that outlines the amount of bitcoin being sent, the address to which
it is being sent, and any applicable processing or network fees. After confirming the transaction, a series of automated API requests
are sent to Fold’s Bitcoin Service Providers requesting to complete the withdrawal. Once Fold receives a success notification from
our Bitcoin Service Provider via API, the transfer request becomes visible in the user’s app and they receive a transfer confirmation
email with the final details of the withdrawal.

4

●To deposit bitcoin, users navigate to the Bitcoin
tab of the Fold app and select the “Receive” option. After selecting this option, a user is presented with their Fold bitcoin
wallet address via both an alphanumeric address and a QR code. Users then copy that address into the bitcoin wallet from which they plan
to deposit bitcoin and initiate the deposit via that bitcoin wallet. Processing of the bitcoin deposit occurs via the bitcoin network.
When the deposit is received at the address specified, the Bitcoin Service Provider notifies Fold via API request. The deposit is then
visible in the user’s app, and they receive a deposit confirmation email with the details of the deposit.

Gift Card Buying 

●Users can purchase gift cards by navigating to the “Gift
Card” tab of the Fold app and selecting the gift card they wish to purchase. From there, users are prompted to complete the transaction
by either entering a personal debit or credit card or utilizing the current USD balance in their Fold account.

Rewards 

●Users can access their earned rewards by selecting the “Reward”
tab in the Fold app. From that tab, users can review their earned reward history and withdraw their eligible rewards. To withdraw rewards,
users select the “SEND” button and are prompted