PiixPay is rebranding as SWAPIN, but is retaining all its existing services under the new name! This is our very first step towards becoming an industry standard setter by upgrading our product to the highest level. We welcome you to join us on our great journey at www.swapin.com.
Don’t worry, all of our existing products like InstaPay, InstaFill, and CoinCollector have been transferred and are available on the new website.
How To Transfer Crypto From MetaMask To Fiat To A Bank Account With Swapin?
Last month, crypto-to-fiat payment provider Swapin launched an all-new Web3 wallet integration, enabling instant conversion of crypto assets from a Web3 wallet like MetaMask to a bank account. In a supporting blog post, Swapin explained how to transfer crypto from MetaMask to a bank account.
With the tool now live for the last several weeks, we’ve had ample time to test out the feature. As a result, we have expanded on Swapin’s guide and created this handy ‘how to’ tutorial to assist you with transferring crypto from MetaMask to fiat to a bank account with Swapin.
Swapin Web3 Support Grows Starting With MetaMask, More To Come
Swapin offers a robust set of innovative B2B and B2C tools that conveniently and seamlessly convert popular cryptocurrencies like BTC, ETH, USDT, and more into fiat currencies like GBP and EUR and moves them to a bank account in an instant.
The new Web3 wallet implementation made its debut at Swapin, launching with support for several top Web3 wallets like Trust Wallet and MetaMask. Additional support for more wallets like Coinbase Wallet will be released in the future.
The Web3 wallet connection, once established, lets individuals and business users connect to a variety of Swapin products and services and offers a wide range of benefits. Benefits include complete custody over crypto assets, and more flexibility, convenience, and control.
A Guide On How To Transfer Crypto From MetaMask to a Bank Account Using Swapin
Using MetaMask with Swapin’s lineup of crypto-to-fiat solutions is possible in four simple steps:
Click the “Connect Wallet” button that has been added to the Swapin website to connect to the integrated Web3 wallet.
Choose MetaMask from the list that includes Ledger, Trust, Rainbow, Crypto.com, Argent, and Exodus wallets.
Establish the connection to a Web3 wallet you control. Only Swapin-supported digital assets will be shown, so don’t worry if some tokens aren’t appearing.
Moving forward, the option to complete transactions using the connected MetaMask Web3 wallet will become available.
Why Swapin And MetaMask?
Swapin products include B2B services like SwapinCollect and SwapinCheckout, and B2C tools like SwapinPay and SwapinGet. Both businesses and individuals are able to convert crypto-to-fiat to make payments, send crypto, or transfer money to a connected bank account.
The Swapin brand is synonymous with trust, and is licensed and regulated in Europe. MetaMask is the most trusted Web3 wallet with more than 30 million monthly active users. MetaMask’s large install base made it a logical choice for improving the convenience for Swapin users.
By using the MetaMask Web3 wallet, crypto holders, DeFi users, NFT creators, and so many other blockchain enthusiasts can access the freedom and innovation of Web3. Check out Swapin services today and try the all-new Web3 wallet.
Swapin’s Approach To AML/KYC Explained
Our mission to bridge the gap between crypto and traditional finance has been made beyond clear. And while we will continue to make that the primary message we convey as a brand, we also aim to raise industry standards around operating within a fully regulated environment and be ahead of the curve with crypto-related compliance.
Swapin is also a regulated European digital services provider and as a member of the greater financial community, will strictly adhere to recommendations and guidelines surrounding AML/KYC procedures and policies. Transparency is also an essential pillar of Swapin’s brand image, which is why we will be using this blog post to shed some light on our AML/KYC process.
How Swapin Sets To Raise Industry Standards Across The Board
Since the Swapin rebranding, revamped roadmap release, and successful €1.68M funding round, the company has been growing at a tremendous rate. The innovative lineup of B2B services is attracting partners like RE/MAX, Pax World, Aufort Gold, and E-Jewels, while B2C products are helping more consumers than ever before pay for everyday goods or recurring monthly bills.
As a fully regulated European financial entity, a member of the Estonian Chamber of Commerce and Industry, and a Swiss Crypto Valley Association member, Swapin takes its responsibilities extremely seriously. Business customers complete an onboarding process, while individuals are subject to identity verification as part of Swapin’s AML/KYC process.
What Is AML/KYC? AML/KYC Procedures And Policies Explained
AML stands for “anti-money laundering,” and KYC is an acronym for “know your customer.” Each represents a slew of laws, regulations, policies, and procedures aimed at uncovering the flow of illicit funds. These two policies go hand and hand and require the verification of personal details such as identification, address, employment, and more.
These policies are put in place across all members of the international financial community to ensure the safety of all participants and target crimes such as tax evasion, human or drug trafficking, and the funding of terrorist organizations. Annual money laundering flows are estimated to be over $1.6 trillion per year.
How Swapin Approaches AML/KYC For Its Customers
Customer due diligence is a necessary piece of the KYC process. Financial institutions like banks, brokers, or digital asset providers, must screen new customers. Swapin’s AML/KYC process was designed to be as minimally invasive as possible, requiring only a few critical steps. The entire process only takes a few minutes unless Swapin’s verification team cannot legibly make out the verification documents provided. Customers can try again immediately if this occurs.
The Swapin AML/KYC process will require identity verification, as well as address verification. Supporting documents such as a utility bill, mortgage payment, tax bill, etc., are acceptable forms of address verification. Additional information may be requested, such as income levels, employment information, and how much capital you intend to deposit. Swapin reserves the right to update the AML/KYC policy at any time to ensure ongoing compliance with global financial regulators.
Get Verified And Follow Swapin
With the AML/KYC verification process complete and all information verified, you can now use everything that Swapin has to offer and take advantage of the future of finance! Crypto-to-fiat payments become possible in just a few clicks with our innovative B2B and B2C solutions.
For more information regarding Swapin’s license and regulatory status, you can visit the Swapin About Us page. Stick with the official Swapin blog for more details on exclusive Swapin B2B and B2C solutions, as well as announcements of any new partnerships in the future. You can also follow Swapin on Facebook, Twitter, Instagram, or on LinkedIn.
Be sure also to try Swapin and make your first deposit today and access the future of finance. Swapin is a pioneer in crypto-to-payment solutions, catering to both B2C and B2B segments with a wide range of proprietary products and services. Click here for more information about Swapin or to join the Swapin team!
How To Cash-out Crypto Using Piixpay SwapinGet
Hello Piixpay Fans,
We would like to give you an overview of how to make your first cash-out payment with Piixpay. Here’s how you can do you – easy, fast and affordable (0.99%) – SwapinGet.
2. On the right, you will see the tab “SwapinGet”, click on it. It’s next to “New Payment”
3. Select your destination IBAN and coins you want to use. Click “Continue”. Please note the IBAN has to belong to you.
4. As a final step, you need to send crypto to the given BTC address. It’s up to you how much coins you want to convert to EURO. As you see we don’t hold any keys so you can use your personal mobile app or exchange account for the transfer.
Congrats! You’ve made your first payment with SwapinGet!
Final note: At the moment you can use SwapinGet with Bitcoin, Litecoins, Dash and our Service coin. More Crypto will be added soon!
Also note: We are non-custodial exchange. We don’t hold your keys.
So as soon as Cryptos are sent (from your wallet provider) we will execute the payment. Thus, confirmations can take up to 2h depending on your wallet provider.
You can cash-out as much as Cryptos you like depending on your user limit levels.