It’s been more than 2 weeks since the launch of our wallet services for personal users for crypto exchange, and we have received an overwhelming response and suggestions from our community to improve our services. In this article, we explained all the methods through which you can currently fund your account. To know the complete features of the Cashaa wallet for personal use, read this.
We currently have fiat wallets denominated in GBP, EURO, and INR, which users can fund in more than 200 currencies (ex. PHP, SGD, SEK) around the world using the following payment methods. Through the application, you can decide which wallet you want to fund, currencies other than EURO/GBP/INR will be converted into GBP.
1. FPS Transfer (the UK, only for GBP deposits)
Faster Payments Service (FPS) is a UK banking initiative to reduce payment times between different banks’ customer accounts from three days to typically a few seconds. This payment method can be used when you are making the payment from your existing UK bank account (including Cashaa issued account) to the Cashaa GBP wallet. FPS transfers will be reflected within a few minutes after the payment is done.
Deposit fee: Free for the amount above 1,000 GBP. Less than 1,000 GBP a fee of 2.5 GBP.
Withdrawal Fee: 2.5 GBP for any amount.
Deposit and Withdrawals time: Up to 2 hours during working hours 9-5 PM
2. SEPA Transfer (Europe- Only for Euro deposits)
The Single Euro Payments Area (SEPA) is a payment integration initiative of the European Union for the simplification of bank transfers denominated in Euro. Countries covered are the 28 EU States: Austria, Germany, Netherlands, Belgium, Greece, Poland, Bulgaria, Hungary, Portugal, Cyprus, Ireland, Romania, Czech Republic, Italy, Slovak Republic, Denmark, Latvia, Slovenia, Estonia, Lithuania, Spain, Finland, Luxembourg, Sweden, France, Malta, United Kingdom, and Croatia. Several factors influence the time it takes for funds to reach an overseas account. However, standard time for most transfers is about 1 to 3 business days to your Cashaa Euro Wallet.
Deposit fee: Free for the amount above 1,000 Euro. Less than 1,000 a fee of 10 Euro.
Withdrawal Fee: 5 Euro for any amount.
Deposit time: 1-2 business days
3. NEFT, IMPS and RTGS Transfer (Indian User for INR Wallet)
With the help of local payment provider, we have made sure that the Indian crypto community has access to Bitcoin. NEFT enables bank customers in India to transfer funds between any two NEFT-enabled bank accounts on a one-to-one basis.
We are working on reducing this fee, but as you know currently in India banking is restricted for the crypto community this is best what we able to offer at the moment. Compared to any other P2P exchange or any company in India with zero deposit fee-our prices are far less. We do not charge users a premium on bitcoin like other exchanges which results in the Bitcoin price more than 5-8% compared to Global price. You can check our bitcoin and another crypto price at here https://cashaa.com/bitcoin-india
Deposit fee: 1.5% + GST ( charged by our local provider)
Withdrawal Fee:1.5% + GST ( charged by our local provider)
Deposit and Withdrawals time: Up to 2 hours during working hours 9-5 PM.
4. SWIFT Transfer (Worldwide- In any local currencies)
SWIFT payments are required when you are funding your GBP wallet from another country than the UK. Normally such transfers take 3–5 business days. You can fund your GBP wallet with a SWIFT transaction from more than 210 countries after the KYC is complete.
Deposit time: 1- 3 business days
5. Debit or Credit Card (Worldwide- In any local currencies)
Users can use debit and credit cards issued by any bank having Mastercard or Visa logo to buy CAS tokens.
Deposit time: Instant
The Cashaa Team
The Next Generation Banking Platform