Best way to buy/sell the dollars you invest
Transparent rates you can trust as you grow your dollars with Cenoa.
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Why do 350k+ people trust Cenoa?
Protect your money from inflation in 5 minutes
3 Simple Steps
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Buy Dollars
Withdraw in 5 minutes
What do people say about Cenoa?
Trusted by world's most prestigious publications
6 reasons to love Cenoa
Buy digital dollars in minutes
Create a free account and convert your money to dollars in minutes!
%1 Spread
Stop paying 10% spread to banks. Buy & sell dollar with fixed 1% spread 24/7.
Transfer dollars for free
Transfer dollars between Cenoa users without any fees, in minutes. Available in 40+ countries globally.
5% annual yield
Earn 5% yield on dollars. No lock-ins. Withdraw earnings hourly.
Fastest withdrawals
Enjoy the light speed withdrawals, completed in less than 5 minutes.
Trustworthy & Secure
Built by world-class executives. Backed by top VC firms. Integrated with licensed fintechs.
Meet The Founders
Cenoa is built by executives who managed global businesses with 50+ million customers
Seçkin Çağlın
Co-CEO, leading Growth
14 years experience building and distributing financial products in >10 countries
View profileEmre Ertan
Co-CEO, leading Product
15 years experience building & scaling global consumer technology products
View profileBuğra Çakmak
Co-Founder, leading Blockchain development
14 years engineering experience building military-grade cybersecurity and backend applications
View profileSırrı Perek
Co-Founder, leading Mobile development
14 years experience as software engineer building consumer tech products used by billions
View profileOur investors are top global VCs...
...who backed some of the top unicorn fintechs/neobanks
Upcoming products
We are working on more dollar-based products to make your money devaluation-proof
Enterprise-grade security
You work hard to earn your money, we work harder to protect it!
The advantage of being a Cenoan
See how much your $10,000 will grow in Cenoa vs a bank
In 30 years with Cenoa
+ $43,219.42
In 30 years with average bank
+ $10,397.70
FAQ
Cenoa, one of the seven companies selected for the Mastercard Start Path program, is revolutionizing access to dollar investments for over 300,000 users globally. This non-custodial digital dollar account allows users to buy digital dollars with local currencies at competitive rates, earn yields with zero fees, and withdraw to local bank accounts within minutes. Additionally, with the introduction of US Dollar-based debit cards and instant money transfer services, Cenoa now offers more ways to spend and send money globally, quickly, and securely.
Our latest features address the financial challenges of inflation and currency devaluation in emerging markets, making access to dollars easier and more cost-effective than ever before. Cenoa stands at the forefront of financial inclusion, providing a secure, efficient, and empowering platform for global financial transactions. Join us and experience the future of finance today.
A non-custodial wallet is the most secure way to stay in charge of your money. Let’s explain with house ownership. If you own a house today and get an agent to rent out the house for a commission, they don’t own the paper. All they have is access to rent out on your behalf.
The same thing applies to non-custodial wallets. We have the permission to coordinate your investments but we never get direct access to your money because you own the private keys (papers). With these keys you can even access your money on other non-custodial wallets.
When you set up a Cenoa account, a set of private keys peculiar to your account is created for you. Without these keys no one, not even us, can access your Cenoa account from another device. So, it is important that you never lose them.
To help we have created an option to ensure you back them up. If you want to see your private keys, please visit advanced settings under the settings section of your app.
Our investment team is made of thorough professionals, and is led by Berkay Kangal, a former VP at Deutsche Bank. He has over 15 years of expertise in trading, risk, and treasury management in global tier 1 banks and funds.
The treasury team ensures that we only put your money to work in blue-chip assets—outstanding assets that are considered to be reliable investments by multiple authorities.
Got more questions, we always have answers. To reach us please send email to hello@cenoa.com or send us WhatsApp message to +234 1 912 5177.
Cenoa is for everyone who wants to protect their savings towards inflation.
We are currently available across more than 40 countries mostly in Europe, with plans to launch to new markets in Latin America, Africa, Southeast Asia in 2024.
To get started with Cenoa, there is no requirement for a minimum amount of funds. However our trusted financial partner in Europe require a minimum transaction amount of $30.
Cenoa superwallet enables easy-access to digital dollars and inflation-resistant yields because Cenoa's non-custodial solution cuts out the costs for branches, intermediary fees, and other inefficient procedures of traditional banking. Cenoa achieves this by helping you access modern technologies such as blockchain and decentralized finance platforms (also known as open finance, or peer-to-peer finance).
Cenoa superwallet aims to make your entire experience super easy, secure and cost-free, so it is integrated and partnered with multiple third party services. Licensed fintechs connect Cenoa with the local banking systems and enable you to deposit and withdraw money easily. Blockchain-based peer-to-peer platforms such as Aave help you buy/sell digital dollars and earn higher yields.
To learn more about how Cenoa works, scroll down to "How does Cenoa Work? (Advanced Version)"
Cenoa is different from traditional financial institutions. Cenoa's main source of income is not fees or commissions paid by its users.
Cenoa generates revenue only through one of its partner third party services. When the realized yields are higher than 5%, the partner makes a profit and it pays a revenue share to Cenoa superwallet.
Cenoa is founded by a world-renowned team, made up of experts from Getir, Garanti BBVA, Facebook, Amazon, Google and McKinsey - who have previously managed global businesses with 50+ million customers.
We're also backed by top global venture capital investors - who backed some of the most iconic Fintechs before.
This team got together all with the common goal of creating something incredible. To learn more about us and our investors, find more about us from our page and do not hesitate to reach out to us from hello@cenoa.com
We believe biggest benefit of blockchain is empowering people to cut-out banks and gain control. So we built Cenoa superwallet as a non-custodial wallet to give you full control. If the worst happened to Cenoa as a company and Cenoa superwallet disappeared, you could still easily access, manage and withdraw your digital dollars using another wallet.
First of all, Cenoa is not a bank and traditional finance institution. So, customers using Cenoa superwallet actually get rid of some of risks they are already taking such as savings losing value due to inflation and devaluation, or savings getting frozen by banks in the worst-case scenario.
Second, the one of the biggest benefits of blockchain is it cuts out rent-seeking intermediaries (like banks). Users never give up full control when using Cenoa superwallet, as it is a non-custodial wallet. If Cenoa as a company went bankrupt, customers could still easily access, manage and withdraw their digital dollars - simply by using another wallet.
At the same time, as Cenoa is a software company, cybersecurity is a potential risk just like any software. We ensure cybersecurity by:
- Being built and regularly audited by world-class security experts
- Using best-in-class security solutions, just like many other technology companies and mission critical systems
- Integrating and partnering only with leading and battle-tested decentralized finance platforms such as Aave; and regulated fintechs such as Transak.
- Keeping blockchain development fully transparent and open source - customers can check themselves how the system works and manage their digital dollars
- Never holding customer funds. They are safely stored away on the blockchain which is programmed to pay back the principal and a fixed yield
Cenoa superwallet enables easy-access to digital dollars and inflation-resistant yields because Cenoa's non-custodial solution cuts out the costs for branches, intermediary fees, and other inefficient procedures of traditional banking. Cenoa achieves this by helping you access modern technologies such as blockchain and decentralized finance platforms (also known as open finance, or peer-to-peer finance).
Cenoa superwallet aims to make your entire experience super easy, secure and cost-free, so it is integrated and partnered with multiple third party services. Licensed fintechs connect Cenoa with the local banking systems and enable you to deposit and withdraw money easily. Blockchain-based peer-to-peer platforms such as Aave help you buy/sell digital dollars and earn higher yields.
Let's discuss in more detail how the solution works and what partners help it work:
1. Opening an account in Cenoa superwallet mobile app:
Cenoa superwallet helps you open an account on Avalanche blockchain in just 1 minute. It gives you an interface to manage your digital money (also known as digital assets). Cenoa superwallet is a non-custodial blockchain wallet, which means it can never control, move or invest your digital assets. Only you can control, move or invest your digital assets.
2. Depositing money to Cenoa superwallet:
Cenoa superwallet is integrated with fintechs (such as BiLira or Transak -a UK Financial Conduct Authority licensed fintech) so that users can connect with the local banking systems and deposit/ withdraw money easily within Cenoa superwallet app.
When a user wants to deposit money to Cenoa superwallet account, she sends money to the integrated fintech (e.g., Transak) via local banking system and in local fiat currency (e.g., Euro). The integrated fintech converts the money to digital money (also known as digital asset) and sends it to the user's account on Avalanche blockchain. The user can view and manage the received digital asset by using Cenoa superwallet.
3. Buying digital dollars
When a Cenoa user wants to buy digital dollars and earn yield, she approves a transaction in Cenoa superwallet mobile app to move her digital assets to the automated investment module.
This module is developed and published to Avalanche blockchain by a trusted software developer partner. It is a fully-automated, immutable and decentralized software (also known as smart contract). This means nobody can change the rules or logic in the software, including the software developer. This provides transparency and security to the user, because the user can see how her digital dollars will be managed by the software and can know nobody can touch her digital dollars.
The module uses only USDC as digital dollars. USDC is known as a fully-reserved stablecoin, every digital dollar of USDC on the internet is 100% backed by cash and short-dated U.S. treasuries, so that it’s always redeemable 1:1 for U.S. dollars. USDC is issued by Circle, a fintech that is regulated as a licensed money transmitter under U.S. state law just like PayPal, Stripe, and Apple Pay. Circle’s financial statements are audited annually and subject to review by the Securities and Exchange Commission in the US. Circle holds more than $43 Billion in reserves and enabled $9 Trillion in transaction volume.
First, the module swaps her local digital money for digital dollars using real market rates via a blockchain-based peer-to-peer exchange platform named TraderJoe that operates on Avalanche blockchain.
4. Earning yield
Second, the module stakes the digital dollars to decentralized platforms that allow peer-to-peer lending and borrowing, such as Aave, Benqi and Stargate to earn yield. The module automatically manages allocation of digital dollars to these yield platforms based on the defined rules to minimize risk and optimize returns.
5. Ensuring a fixed yield rate
Cenoa integrated with a liquidity provider to ensure the yield rate is fixed for users. The automated investment module does not allow user deposits, unless the fixed yield rate defined in its code is already locked by a liquidity provider into the module.
For example, if someone wants to deposit 100 USDC and the coded rate is 8% annual yield, the module does not accept customer deposit unless it has 2 USDC already locked by a liquidity provider. (The 2 USDC in this example refer to the standard 90 day investment cycle. Annualized this will be 8 USDC.)
Customers get the fixed yield rate defined in the code regardless of what the automated investment module generates. The liquidity provider takes both upside and downside risk regarding the yield rate.
The liquidity provider deposits digital dollars as liquidity into the automated investment module on day 1. The liquidity provider can withdraw digital dollars only after the module's 90-day active period ends. And the liquidity provider can withdraw only the excess amount, which is the difference between the amount owed to users (principal and yield) and the existing amount.
Summary
In summary, the Cenoa superwallet enables people to buy dollars and earn a fair yield securely and with zero fees via blockchain-based decentralized finance platforms. At the same time, it integrates these platforms to create a seamless customer journey and greatly moderate risk.
Even in the absolute worst case scenario of Cenoa superwallet going bankrupt and our wallet app disappearing – customers can still easily access, manage and withdraw their digital dollars through another wallet.