> For the complete documentation index, see [llms.txt](https://docs.xft.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xft.finance/bitnet/accounts.md).

# Accounts

To use BITNET, users need to first open either an omnibus or individual wallet account with XFT.

| ACCOUNT TYPE       | CONTAINS                          |
| ------------------ | --------------------------------- |
| 
Omnibus 
 | Subaccounts of multiple investors |
| Individual         | Single investor                   |

**FBO Accounts:** Banks hold funds on behalf of fintech’s end-users.

**Omnibus Accounts:** Brokers or intermediaries pool multiple clients’ funds in a single account without individual segregation.

**OBO Accounts:** Funds are managed on behalf of a specific client, common in asset management and trust services. Each model presents advantages in efficiency, customization, and regulatory handling, along with potential compliance risks.