Fiat24 - crypto Swiss IBAN

[JohnnyDoe]

https://fiat24.com/
Personal CH IBAN with SR Saphirstein AG.
Only for on-off crypto ramp, so fiat transfers are only allowed to/from your own personal account.
It connects to ThorWallet (and other wallets), can be used to get a Visa debit card: https://www.thorwallet.org/card

I have registered and obtained a virtual visa.

 

[EliasIT]

Limits 100K $ per months... maybe we can make two accounts? How is verification process, like any other financial service?

 

[JohnnyDoe]

Verification via ReadID, very simple if your NFC passport works.

The sloppy part is the geolocation: you must apply from your place of residence and have GPS enabled (easy to trick it if you need). However, if your are somewhere in the countryside and the street is not in the geo database you need to play around it as you are not allowed to enter the address manually.
My street address was incorrectly indicated as 4.9km off place and not recognized, somehow I found a way to complete this step, let’s see if the card will arrive (that’s why you need to always give some gifts to the postman and couriers).

 

[EliasIT]

Or you simply find a ghost house setup a postal box and wait for the mail to arrive.

Thanks for the info, really simple to achieve all of it without revealing your real location.

 

[JohnnyDoe]

They are also going to offer a Mastercard with a $1m monthly limit and $100k daily limit. Only for Swiss, HK, Sg and Chinese residents: https://docs.fiat24.com/products/mastercard-debit

 

[JohnnyDoe]

Sorry I just realized that the Visa card is virtual only:

The Fiat24 Card is a virtual card only and currently enabled with Apple Pay, Google Pay and Samsung Pay.

 

[Piano]

https://fiat24.com/
Personal CH IBAN with SR Saphirstein AG.
Only for on-off crypto ramp, so fiat transfers are only allowed to/from your own personal account.
It connects to ThorWallet (and other wallets), can be used to get a Visa debit card: https://www.thorwallet.org/card

I have registered and obtained a virtual visa.

Any protection on your money with FIAT24 ?

 

[JohnnyDoe]

Any protection on your money with FIAT24 ?

Irrelevant, as it is only supposed to be used (Like any bank) for quick transactions.

 

[diatessaron]

That 1% to 0.25% crypto deposit fee pissed me off so much. And they have no deposit or withdrawal fee for fiat .

 

[linusAG]

Any protection on your money with FIAT24 ?

All the funds are deposited in the central bank of swiss.

 

[DerAufklaerer]

Worh not with german National ID Card

 

[alain]

All the funds are deposited in the central bank of swiss.

That's already something.

If used like we use Wise for pass through it's a nice solution.

 

[spagge123]

Looks promising. Do you get crypto wallets so you can use the wallet addresses for invoicing to receive payments to crypto accounts?

Only on Arbitrum network I assume?

 

[JohnnyDoe]

It links to Thor wallet so you can use any chain

 

[spagge123]

Cool solution but pretty pricey for a standard business account. 500 F24 tokens = 1,1 ETH.

 

[Piano]

That 1% to 0.25% crypto deposit fee pissed me off so much. And they have no deposit or withdrawal fee for fiat .

How much is the fee for USDT ?

 

[Piano]

What is the fee for USDT in function of the amount deposited ?
I dont get this fee structure ..

 

[diatessaron]

How much is the fee for USDT ?

The same as everything else I would assume. I don't really understand why they decided to charge crypto deposits, no other established platform does that.

 

[iknowwhatyoudid]

Cool solution but pretty pricey for a standard business account. 500 F24 tokens = 1,1 ETH.

I haven't tried it, but you can find the F24 token in Coinmarketcap and it's $0.04718 per F24 right now, huge discrepancy, but the token address is the same as in their website https://docs.fiat24.com/products/f24-token

 

[russelw65]

https://fiat24.com/
Personal CH IBAN with SR Saphirstein AG.
Only for on-off crypto ramp, so fiat transfers are only allowed to/from your own personal account.
It connects to ThorWallet (and other wallets), can be used to get a Visa debit card: https://www.thorwallet.org/card

I have registered and obtained a virtual visa.

Interesting. UK citizens allowed?