1/ 🧵Question - what is app.swapin?
ChatGTP Answer
Swapin is a platform designed to facilitate fast and secure crypto-to-fiat transactions, providing users with a seamless experience to convert cryptocurrencies into traditional currencies like EUR or GBP and send the funds directly to bank accounts. Launched in 2017, it operates as a licensed and regulated payment solution within the EU, supporting over 10 cryptocurrencies and serving customers in 36 countries.
Some of the key features Swapin offers include:
SwapinGet: Converts crypto to fiat and transfers the funds to your bank.
SwapinPay: Allows paying invoices or sending money to SEPA bank accounts using crypto.
SwapinBuy: Lets you buy crypto directly from your bank.
SwapinCollect: Enables businesses to accept crypto, which is immediately converted to fiat.
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2/🧵
Its focus on security, regulatory compliance, and fast transaction speeds (95% of transactions processed within 5 minutes) makes it a popular solution for individuals and businesses looking to bridge the gap between digital assets and traditional finance.
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1/ 🧵
Question - Do I need to complete KYC to buy/sell crypto on app.swapin?
chatGTP answer -
Yes, to buy or sell crypto on Swapin, you are required to complete a Know Your Customer (KYC) process. Swapin prioritizes security and regulatory compliance, so all users must undergo KYC verification before conducting transactions. The KYC process involves identity verification, which is typically completed in just a few minutes using industry-leading providers like Veriff and Onfido.
This verification ensures that Swapin adheres to international standards and protects against fraud, making it a safe and secure platform for crypto-to-fiat transactions.
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