Company: FLDDW
Filing Date: 2025-07-11
Form Type: S-1
Source: 0001213900-25-062935
Chunk: 171

Company: Fold Holdings, Inc.
Filing Date: 2025-07-11
Form: S-1
Chunk 171
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 on the state they live in. Customers also undergo KYC checks by the Bitcoin Service Provider to which they are onboarded, and they are required to accept the terms and conditions of the Bitcoin Service Provider to which they are onboarded. Once a user has been onboarded to both Fold and the Bitcoin Service Provider, they are able to interact directly through Fold’s mobile application to buy bitcoin via spot trades, recurring trades, direct deposits, and by rounding up spare change on Fold Card purchases, as well as the ability to deposit and sell their bitcoin. Each of those transactions are executed by the user through Fold’s mobile app and processed via the Bitcoin Service Provider to which the user is assigned. Refer to the following section for further details. 102 How Fold Users Access Fold Products and Services In order to access all Fold related services, users must first download the Fold app from either the Apple or Google app store. Upon using the Fold app for the first time, users are prompted to provide certain information for account creation and verification and to accept Fold’s user terms and conditions. Once Fold completes a review of a user’s initial application, the user is then granted access to the Fold platform. From there, users can utilize the following services: Fold Pre-paid Debit Card •Users may apply for a Fold pre -paiddebit card by selecting the “Fold Card” tab in the Fold app and following the on -screenprompts. Once an application has been submitted, Fold utilizes Sardine, a third -partyservice, to perform the required KYC and AML verification along with internal reviews completed by the Fold compliance team when needed. •Once a user has been approved, a Fold pre -paiddebit card is issued by Sutton Bank, Fold’s banking partner, and sent to the user’s address on file. Users can activate a Fold pre -paiddebit card by either calling the number provided on the card or by following card activation instructions in the Fold app. After activating a Fold pre -paiddebit card, users can view card details by selecting the “Fold Card” tab in the Fold app. •To deposit or withdraw funds, users can select the “Deposit” or “Withdraw” option on the “Home” or “Fold Card” tab. From there, users can select from and utilize a number of deposit and withdrawal methods. All funds directly deposited to, spent on, or withdrawn from the Fold Card are in USD. As described in the “Bitcoin Buying and Selling” section below, eligible users also have the ability to deposit bitcoin