Swapin Guide 2022 – crypto.news

The Swapin is a licenced platform, which provides users with unique solutions for integration of digital economy into traditional one. The platform is very convenient and offers services for both: individuals and businesses. Users can easily make transfers, receive payments and pay for some purchases and services in crypto.

Coinremitter

Swapin operations are totally legal as the company has an Estonian license and meets the European standards.

Registration

The user needs to follow the official Swapin website to register on the platform and click  “Get started” or  “Go to app”.

Then Swapin will redirect the user to the registration form, where the user will be required to choose the type of account – business or personal.

  • Personal account. To create it, it is required to enter an email address, set a password and agree to the platform policy.
  • Business account. To create a corporate account it is required to specify the name and legal form of the company additionally. Also you need to enter your email and set a password.

To complete registration of the account, users need to verify their email. The letter will be sent to the specified email, in which the user needs to click “Verify email”.

Аccount verification

After completing the registration process, the Swapin user is provided with introductory access to the platform. You need to pass identity verification to fully use the platform’s tools, thanks to which you can make purchases using cryptocurrency and receive crypto payments.

Personal information

To start the verification process users are required to enter personal data and answer some extra questions.

  • Full first and middle names
  • Full surname(s)
  • Code and Phone number
  • Country of residence
  • Birth country
  • Citizenship
  • Level of verification and limits

Filling in all the fields go to the Identity verification tab to confirm all data. Then click “Save & Continue”.

Start Verification

Click “Start verification”. There will be a form, in which it is required to specify a phone number.  After that, a link will be sent to the specified phone on which you need to go.

For users convenience, Swapin offers two ways of verification – QR-code or phone number.

By choosing the first option, the service automatically transfers the user to the Veriff website, where you need to upload photos. If you choose the second option, a message will be sent to the specified phone number with a link to the Veriff website.

Veriff.com

It is required to upload all the necessary documents: photo of your passport and a selfie with it to the Veriff site.

After the documents are sent, click “Save & Continue” and proceed to the next step.

Level of Verification and limits

Provide all the necessary documents, the user should select the verification level and limit.

Based on the selected verification level, the user will be required to provide the following information: address of residence, which needs to be confirmed, and income information.

In “Your address” section fill in the following:

  • Country of residence;
  • County / State;
  • City;
  • Postal Code;
  • Address.

Photos of documents will be required to confirm the address:

  • Utility bill
  • Credit card statement
  • Lease agreement or mortgage statement

Documents can be downloaded in .jpg, .png and .pdf format. It is worth noting , that the company can require legal translation of all documents into English if it is necessary,

To verify income information, the user must provide:

  • Purpose of transactions;
  • Employer name;
  • Net income;
  • Source of funds.

Finish the verification process by clicking “Save & Continue”.

Swapin services

The platform provides users with different tools for converting cryptocurrency to fiat for individuals as for businesses.

B2C Solutions

InstaPay. Provides a way to send digital assets, which are automatically converted, and delivered instantly to the recipient’s IBAN account. During the transaction, the assets are automatically exchanged into euros and fiat reaches the recipient.

InstaFill. Users can automatically convert digital assets to fiat directly in their personal bank account. All you need to do is to link an IBAN account to a crypto account on Swapin. When you need fiat, you can top up your balance on Swapin in cryptocurrency, and InstaFill will automatically and instantly convert it to fiat, and send euros to the specified IBAN account.

Predefined payments. A useful feature that allows you to create a ready-to-go template for recurring payments, such as rent, loans or utilities. After making a transaction, you can set up a reminder option about the date of the next payment.

B2B Solutions

CoinCollector. The tool links digital and fiat assets. With it, businesses can issue invoices to their customers in EUR, which can be paid with cryptocurrency, and the company will receive credit in EUR.

E-com widget. The solution that is easily integrated into the site and allows online stores to accept crypto payments. The cryptocurrency with which the purchase was made is automatically and instantly converted into fiat currency and transferred to the seller’s corporate IBAN account.

Supported currencies and cryptocurrencies on the platform

Currently, Swapin supports top 10 popular cryptocurrencies:

  • Bitcoin (BTC).
  • Ethereum (ETH).
  • Bitcoin Cash (BCH).
  • Litecoin (LTC). 
  • Dash (DASH). 
  • Tron (TRX).
  • USDT ERC-20.
  • USDT TRC-20.
  • USDC ERC-20.
  • Service Coin (ESCT).

Service Coin is a stablecoin fully backed by the EURO (€), issued by Ungaro LLC (operator of Swapin.com) to enable customers to store their virtual assets in fixed value crypto currency. Service Coin allow customers to make payments using stablecoin and in the near future to buy and sell other supported crypto currencies. Service Coin is a private blockchain token and it is usable in swapin.com environment. Redemption value of 1 ESCT is 1€.

To date, only EUR is available for use among fiat currencies on Swapin. According to the roadmap, the company is planning to include support for GBP (in addition to EUR) in the second quarter of 2022.

Commissions and fees

Platform users can open and maintain an account on Swapin for free, no commission is charged for this. However, there are fees for other types of transactions on the platform:

The minimum amount of transactions is 5 EUR and the maximum is unlimited. Swapin platform supports the following digital assets: Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Dash, Service Coin, Tether USD (ERC-20), Tether USD (TRC-20), USD Coin (ERC-20), Tron. There is currently only EUR among fiat currencies, but the platform plans to add GBR support in the near future.

Personal account

In the personal account, the user can find all the necessary tools and information. In addition, users can edit personal data and get their own referral link for the affiliate program.

All Transactions section

Here you can see all the transactions made earlier by clicking on the tab in the header of the site.

Partnership program

Swapin has an affiliate program with which you can earn extra income and discount vouchers from referring new users.

To become a site partner, you should go to the “Rewards” tab, register and receive a personal affiliate link. Then share the link with your friends or post it on social networks. After that, the partner will receive a reward from each exchange operation that the invited users make.

Additional Information

On the main Swapin page, you can find all the necessary information about the platform in the “Blog” section. The company’s news and updates are posted there, and users can also get acquainted with the roadmap for 2022-2023 about the company’s future plans.

Summary

The Swapin project has provided its users with many useful cryptocurrency-related features, during its short existence. The project can be called unique as Swapin built a bridge between the crypto and the traditional banking system for B2B and B2C segments, closing the gap between the crypto and the banking system.

In addition, the development of the company will help to significantly increase the interest of the mass audience in cryptocurrencies as a means of payment. The presence of a license, publicity, professionalism and fame of the team members and advisors, as well as excellent reviews about the platform on Trustpilot, do not cast doubt on the reliability of the company. Thanks to Swapin’s B2B and B2C solutions, companies can now pay employees in crypto and solve the problem of accepting and converting cryptocurrencies to fiat in a fast, simple, and legal way. Join now!

Source: https://crypto.news/swapin-guide-2022/