We accept USD deposits from almost every country in the world as long as you can make telegraphic (wire) transfers.
In order to deposit/withdraw/trade with fiat currency, you must first complete the Customers Due Diligence (CDD). For more information, you may refer to here. Otherwise, there will be an error message as below:
If you have completed CDD, you would be able to see this screen as shown below:
USD deposit can be done through telegraphic/wire transfers. Most banks offer telegraphic transfers through internet banking and usually take 1 - 5 days to credit. Please contact your bank for more details.
Please note that there is a one-time charge of 0.1% or US$10, whichever is higher, on our side after receiving the deposits on our bank for each transaction.
Bank's telegraphic transfer fees are usually less than 50 USD and have 3 components:
- Your sending bank may charge you either at a fixed amount or amount proportional to your deposit with a cap. Please contact your bank for more details.
- Our bank charges 0.1% or S$10 (whichever is greater) for each transaction.
- The intermediary banks may have additional charges.
All currencies other than USD will be converted to USD by the bank automatically based on the bank's rate. Third-party deposits* will be rejected and returned to the source.
*Third-party deposits are those which originate from a financial institution which is titled in a name different from our name on COINUT.
(Last updated: )