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.
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.
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