AdvCash is a payment system designed with users in mind, allowing both cryptocurrency and fiat payments. Thousands of users from all over the world choose AdvCash, and there are reasons for that.
This article is dedicated to the Advcash platform, its advantages and disadvantages. You also can learn more about modern payment systems as well as all about the financial sector on Rates.fm.
What Is Advcash?
ADV wallet is a part of the ADV ecosystem. It helps users to receive, send, spend, and exchange funds, no matter where they are – in the USA or Italy. Advcash has more than five million customers worldwide. The site supports more than 150 countries and more than 20 payment methods.
The payment system was created in 2014 and is registered in the British Virgin Islands.
Advcash system supports various currencies, including USD, EUR, GBP, JPY, CHF, etc. It also supports several languages, including English, Spanish, Portuguese, Russian, etc.
Advcash partners are Kraken, OKCoin, Bitstamp, and many others.
What Is Advcash Used For?
With Advcash, you can make online payments, transfer money between accounts in the system, and withdraw funds to bank cards, bank accounts, e-wallets, and other payment systems. In addition, Advcash provides cryptocurrency exchange services and mobile account replenishment.
Advcash supports cryptocurrencies such as Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash and many others.
Therefore, Advcash can be used to work with forex brokers and cryptocurrency exchanges. You can learn more about cryptocurrencies, crypto exchanges, and other components of the financial sector more on Rates.fm.
With Advcash, you can replenish your balance in cryptocurrency and use it to send and receive payments online. In addition, Advcash allows you to convert cryptocurrency into other currencies, including US dollars and euros.
Advcash Security
Advcash is regulated by the laws of the country where the company providing Advcash services is registered. AdvCash Limited is registered in the Bahamas and operates in accordance with local rules and laws.
In addition, Advcash complies with the requirements of international regulators such as the Financial Action Task Force (FATF) and Anti-Money Laundering (AML) regarding combating money laundering and terrorist financing.
To ensure the safety and security of users, Advcash has mechanisms for verifying the identity and origin of funds, as well as transaction monitoring systems for suspicious transactions.
Thus, Advcash complies with the rules and requirements of regulators and provides a high level of security and protection for users.
Tariffs For Using the Advanced Cash Payment System
The indisputable advantage of the electronic payment system remains a reasonable pricing policy (in this parameter, the platform is among the leaders among competitors). Here are the main fees for using the Advanced Cash features:
- Free account opening and internal transactions.
- Depositing funds into the system is no more than 3.5% of the amount (the specific amount is determined by the replenishment method).
- Rates for transferring funds (withdrawal) to a MasterCard card are only 2% + 3 dollars or euros per transaction.
- Withdrawal to other electronic payment systems is no more than 1.5% of the transfer amount.
- Free plastic card servicing.
- The cost of withdrawing cash from an ATM is only 1.99 EUR / USD per transaction.
- Loyal limits on withdrawing cash from an ATM (no more than 80,000 EUR / USD per month and 2,500 EUR / USD daily).
- The maximum amount of purchases through POS terminals from a card is 20,000 EUR / USD per day.
- Free payment in the store using a card (provided that the payment is in euros or US dollars). If currency conversion is required, then 2.95% of the amount is charged for this.
Features of Exchanging Funds in Advanced Cash
A large number of electronic payment systems make it relevant to transfer money from them to Advanced Cash for subsequent withdrawal or use. Several options are offered for this:
- Built-in currency converter. Having several currency accounts in the system, you can instantly and without commission exchange them for each other at the current rate.
- Built-in tools for working with cryptocurrencies.
- Third-party exchange services.
- Due to the popularity and convenience of the platform, it is supported by almost all exchangers, so there should be no problems finding a suitable option.
AdvCash And Cryptocurrencies
There are no crypto accounts in the main AdvCash system, that is, you cannot store digital currencies. However, you can buy and sell them using this payment system. You can also link a Binance exchange account, thanks to which you can buy crypto by paying from the platform account and crediting it directly to the exchange account.
In addition, a separate version of the Adv2 system has been launched, which is equipped with a custodial crypto wallet function. It allows you to store cryptocurrencies using a convenient web interface, and send, receive, and exchange them.
Registration In The Advanced Cash Payment System
The procedure for opening an account in the EPS is extremely simple and straightforward. To do this, go to the system’s website and click on the “Registration” button. Then simply fill in your details, indicating your full name and email address.
During registration, you need to select one of two tariff plans (Personal and Business). The difference between them is the ability for the second plan to top up the account without a commission via Swift.
In addition, Business allows you to make mass payments of funds automatically and accept cash payments on the website. To use such a tariff plan, you must register in the system as a legal entity.
To open access to most actions, you must also pass verification. Verification usually takes about 15 minutes, after which you can use all the features of Advanced Cash.
Final Thoughts
Advcash is one of the most popular payment systems that provides a wide range of services and is trusted by many users.
Many users note its convenience and ease of use, fast transactions, and low fees. Advcash supports many payment methods, including bank cards, e-wallets, and cryptocurrencies, which makes it convenient to use in various situations.
Use Rates.fm to learn more about the financial sector, including banking services of Bank of America, Chase, and HSBC, as well as currency finance rates.
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