At Rand, we know that when it comes to saving and growing your money, security comes first.
Many users ask us if their funds are protected, how we ensure their safety, and what sets us apart from traditional banks. In this blog post, we’ll answer all those questions and explain why Rand is a reliable and secure option to maximize your savings.

Fund Protection: Beyond the Deposit Guarantee Fund (FGD)

The Deposit Guarantee Fund (FGD) is a mechanism created in Europe to protect customers if a bank goes bankrupt. However, at Rand, we don’t operate as a traditional bank, and therefore, we’re not subject to the FGD. But that doesn’t mean your money isn’t protected. On the contrary:

• Your money in Rand’s Checking Account is in your name and always available — unlike traditional banks, which technically don’t keep your money on hand.
• We don’t use or invest your funds without your consent.
• Rand works with an electronic money institution, which means we cannot access your money without your explicit approval.
• Your Rand account is based in Spain. When you open an account with us, a current account is automatically created in your name with the entity PECUNIA CARDS (https://www.pecunpay.es/).

Coverage Up to $500 Million with Lloyd’s of London

To ensure maximum protection, funds held in Earn and Prize accounts are insured for up to $500 million through Lloyd’s of London, in collaboration with Copper. This company holds ISO and SOC2 certifications, among others, ensuring that your funds remain protected even in the unlikely event of Rand’s insolvency.

Why is this better than the FGD?

• The FGD covers up to €100,000 per customer in traditional banks.
• Our coverage protects up to $500 million and includes risks like employee collusion, third-party theft, cyberattacks, or insolvency.
• We don’t rely on a single protection system — we’ve built a more advanced protection structure.

Rand Doesn’t Depend on Crypto Volatility

Another common question: Can I lose money if crypto prices drop?
The answer is no. Rand doesn’t speculate with cryptocurrencies or depend on their volatility. Instead, we act as validators on the blockchain, generating a stable APY thanks to our staking and lending partners.

This means that whether the market goes up or down, your yield remains unaffected. It’s a safe and efficient way to grow your money without unnecessary risk.

Regulation and Transparency: Rand is Registered in Spain

Rand operates under the highest regulatory standards and is registered with the Bank of Spain as a digital currency provider and exchange (registration number D697). You can verify our listing here:
👉 Bank of Spain Registry

Being fiscally based in Spain, we comply with all European regulations and guarantee a safe operation — no tricks or fine print.

Rand vs. Traditional Banks: Innovation and Efficiency

Traditional banks have high physical and operational infrastructure costs, which limit the returns they can offer. Rand, on the other hand, leverages blockchain technology and full digitalization to offer higher returns securely.

Benefits of Rand over traditional banks:

• Greater security: We meet the highest standards, including biometric access to the app and two-factor authentication for withdrawals — ensuring your money is protected.
• Higher returns: Better yields thanks to blockchain technology.
• Total accessibility: No hidden fees or unnecessary costs. Withdraw whenever you need to, directly from your phone, and completely free.
• Transparency: Official registration in Spain and full compliance with European regulations, including the new MiCA law.

Rand is built so you can save and earn more — with peace of mind.
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👉 Sign up for free here and start saving with the security and transparency you deserve.

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