Swapin Terms: Limits, Fees And More
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Swapin is a crypto-to-fiat service that enables users to make cryptocurrency transfers with instant and automatic conversion into euros to a bank account. The platform has many solutions for both individuals and businesses. Swapin allows users to make transfers, pay bills, utilities, rent, and more. Operations conducted by Swapin are legal as the company has an Estonian license. In addition, the company is a member of the Swiss Crypto Valley Association.
Swapin Services and Solutions
The Swapin platform provides services that can be used in a variety of ways — for example, the simple conversion of cryptocurrency to fiat or integration of services into an online store.
Individuals may be interested in: InstaPay, InstaFill, or Predefined payments. Also, there are CoinCollector and E-commerce widget solutions for businesses.
In order to start working with InstaPay, InstaFill, and Predefined payments, the user must to go to their personal account and select the “Overview” section in the website header.
With InstaPay, digital asset holders can send crypto to an IBAN account. During the transaction, the assets are automatically converted at a favorable rate into euros and the recipient receives the euros to their bank account.
If users need fiat but they have only cryptocurrency, there is the InstaFill solution. With the help of this service, the conversion is automatic — all the user needs to do is to connect the Swapin crypto account to an IBAN account. Conversion fees will range from 0.8% to 1.35%. For comparison: in order to withdraw fiat from the Binance crypto exchange to a bank card, the user will have to pay a commission of 2% per transaction.
If users pay bills, loans, or other recurring payments on a monthly basis, it is convenient for them to use a template and avoid having to write all the information from scratch every time. Predefined payments is the solution to this problem. With the help of the service, users create recurring payments that are made every month.
Thanks to Swapin’s business tools, companies have the opportunity to issue invoices in cryptocurrency with instant conversion into euros to an IBAN account.
The tools act as a bridge between cryptocurrency and fiat. Using the CoinCollector service, companies issue invoices in fiat, and they can be paid with cryptocurrency. Clients are given the opportunity to choose one of the ten digital assets presented on the platform.
Owners of an online store are able to easily integrate a payment system in cryptocurrency, using the E-com widget solution. Clients pay for purchases with digital assets and the seller receives euros to an IBAN account.
There is a fee of 0.25% for using CoinCollector and E-com widget solutions.
There are ten popular coins accepted on Swapin:
Bitcoin Cash (BCH)
Service Coin (ESCT)
Users can open personal and business accounts for free and there are no maintenance fees required.
The minimum amount for transfers starts from 5 EUR. The maximum has no limits.
The fee for bank transfers is from 0.2% to 0.5%
Using the Swapin services is both convenient and profitable, thanks to low transaction fees. Working with Swapin solutions, users can automatically and instantly convert cryptocurrency to fiat, as well as save money. Join right now!