3 weeks ago

    Using Coinify, Perfect Money and Volet on Prime XBT

    Table of contents

      Prime XBT has integrated third-party suppliers like Coinify, Perfect Money and Volet to streamline the onramping process for Bitcoin, following a common industry practice where exchanges use external services—sometimes under a white label and sometimes not—to enhance fast user access to additional financial services. In the case of Prime XBT, the user has direct exposure to the supplier’s branding, so let’s get to know a little bit more about these suppliers, who they are, and what they do.

      Who is Coinfy?

      Coinify is an established player in the global virtual currency market, offering comprehensive two-way currency conversion services designed to meet the needs of both businesses and individuals. At its core, Coinify provides an array of payment solutions tailored for various online and physical businesses through its Coinify Payment Suite. This suite includes tools for invoicing, deposits, payouts, and the acceptance of virtual currencies in daily operations.

      The company caters to merchants, payment service providers, financial institutions, retail stores, and wallet providers. With a team of dedicated team with backround in payments, finance, risk management, e-commerce, and compliance, Coinify has been deeply involved in the digital currency landscape since 2014. Their efforts also extend to collaborating with regulatory bodies and financial institutions to ensure their services are compliant in 180 countries they operate and meet industry standards.

      Coinify offers various services to enhance cryptocurrency engagement for businesses:

      • Trade Solutions: This service allows businesses to enable their customers to buy and sell cryptocurrencies seamlessly.
      • Payment Solutions: Businesses can accept cryptocurrency payments and opt to settle in either cash or crypto.
      • Direct Crypto Sales: Businesses can buy or sell cryptocurrencies directly to their accounts.
      • Crypto-Fueled Mastercard: Offers a Mastercard powered by cryptocurrency to its customers.
      • Personal Broker Assistance: Coinify provides personal broker services for handling large crypto transactions.

      Operating with a team of about 40 employees, Coinify ApS is a limited liability company incorporated in Denmark. It is registered under the Danish Anti-Money Laundering Act (“Hvidvaskloven”) with the Danish Financial Supervisory Authority and also with the Financial Crimes Enforcement Network (“FinCEN”) in the United States, reinforcing its compliance and legitimacy in the financial sector.

      Step-by-Step Guide to Using Coinify for Prime XMB

      Using Coinify is specifically tailored for users of Prime XMB. The main goal of this platform integration is to facilitate the buying, selling, and accepting of cryptocurrencies through Coinify’s services.

      1. Visit Prime XMB Website: Go to the official Prime XMB website.
      2. Go to Buy Crypto: Introduce the ammount you would like to buy for the first time. The logo ‘Powered by Coinify’ appears in the screen.
      3. Sign Up: Click on the “Sign Up” button, usually found at the top right of the homepage.
      4. Enter Your Details: Provide the required information such as your name, email address, and choose a secure password.
      5. Verify Your Account: Complete any necessary verification processes, which may include verifying your email address and providing additional identification documents.

      Once you

      Who is Perfect Money?

      For online trading platform PrimeXBT, one of the way to buy bitcoin is to use Perfect Money or Volet, depending on where you are in the world. Let’s delve into what each of these services is and how they function.

      Perfect Money is a financial service that allows users to make instant payments and to make money transfers securely through the Internet. It offers unique features for business and personal usage alike. Users can convert their funds into other currencies within their accounts, which can help manage the volatility of cryptocurrency markets. Perfect Money is widely used because it provides a secure, fast, and versatile method of depositing and withdrawing funds.
      According to their website, Perfect Money is a licensed payment service provider authorized by The Autonomous Island of Anjouan. Now for those of you wondering, Anjouan is in Comoros, near Mayotte, between Madagascar and Mozambique. If you have a complaint to make you need to prepare some more stamps for this one.

      But according to their wikipedia page (in Russian of course), legally, the system belongs to the legal entity Startup Research & Investments LTD, number in the register of the British Virgin Islands and the corporate name of the company – Perfect Money Finance Corp – is registered in Panama, headquarters and operating service – in Zurich and Hong Kong. I mean really they are hitting tax haven bingo these guys. Obviously, when looking at previous criticism for Perfect Money, it seems that more than a thousand financial pyramids accepted Perfect Money (2011). Only Liberty Reserve was more popular for such purposes. Pfiu!

      Step-by-Step Guide to Using Perfect Money on Prime XBT

      1. Account Setup: Before you can use Perfect Money on Prime XBT, you must first create an account on the Perfect Money website. This involves filling out a registration form and setting up security features.
      2. Funding Your Account: Once your account is set up, you can add funds to it using various methods such as bank transfer, other e-money services, or even cryptocurrency.
      3. Making Deposits on Prime XBT:
        • Navigate to the deposit section of your Prime XBT account.
        • Select ‘Perfect Money’ from the payment method dropdown menu.
        • Enter the amount you wish to deposit and confirm the details.
        • You will be redirected to the Perfect Money website to complete the transaction securely.
      4. Withdrawals: Withdrawals follow a similar process, where you select Perfect Money as your withdrawal method and follow the prompts to transfer funds back to your Perfect Money account.

      Who is Volet?

      Volet will be in the case of PrimeXBT the accepted payment method for geos like Europe. It allows for quick and secure online payments. While not as internationally recognized as Perfect Money, it offers competitive services that may be preferred by users in specific regions or for certain transaction types. The exchange is incorporated as Queensland Foreign Exchange Inc in 50 Carroll Street, Toronto, Ontario, M4M3G3, Canada.

      Volet payment screen Prime XBT
      Using Volet on Prime XBT

      How to use Volet on Prime XBT

      Using these payment methods on platforms like Prime XBT is straightforward. Below are the steps typically involved:

      Step-by-Step Guide to Using Volet

      1. Account Registration: Similar to Perfect Money, you start by creating an account with Volet, which will require verification of your details for security purposes.
      2. Depositing Funds: Add funds to your Volet account through accepted means, which might include bank transfers or debit card deposits.
      3. Making Deposits on Prime XBT:
        • Go to the deposit page on Prime XBT.
        • Choose ‘Volet’ as your payment method.
        • Specify the deposit amount and confirm your transaction details.
        • Complete the payment through the Volet interface, which might redirect you from Prime XBT.
      4. Withdrawals: To withdraw, select Volet in the withdrawal section of Prime XBT, enter the desired amount, and follow instructions to transfer it to your Volet account.

      Conclusion

      Understanding how to use payment methods like Coinify, Perfect Money and Volet on platforms like Prime XBT can enhance your trading experience by providing secure and efficient ways to manage funds but in the same time might get you scratching your head for a while. Each payment method has its nuances, so choosing the right one depends on your specific needs, such as where you are located or the means you want to use to buy bitcoin.

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