At the moment, cryptocurrencies have already entered closely into the life of every person. However, sometimes it is very difficult to control your savings, because money is accessed from different places. For example, one type of crypto is in one wallet, some other type is in a second wallet, some part is in an exchange account, and fiat money is somewhere else. Vexel’s financial system, powered by https://vexel.com/, allows you to manage your monetary assets from one system. How does it work and is it really practical and profitable to use the service?
Initially you have to register in the system, then if you wish you can verify your identity to increase your payment limits and activate some additional options, let’s say, the use of bank transfers.
Clients of the service are given the opportunity to transfer fiat money and exchange it later for crypto. To buy cryptocurrency in the service, you can use your own bank card MasterCard and Visa. Plus, it should be noted that accepting cryptocurrency to personal wallets in the service is free of charge.
You can withdraw money from the system to any crypto wallets, it can be private wallets, wallets of exchanges, third-party financial systems. Currency conversion is usually made derivatively. Clients of the system can withdraw money to Visa, MC, Maestro and other debit cards. The service also allows SWIFT transfer to personal accounts in banks.
The system has a unique feature, you can make an internal transfer to another Vexel user quickly and without commission. Users can quickly exchange their own funds in different directions, let us say, to exchange fiat money to Monero, the transaction will be carried out at a special rate of the system. Very soon it will be possible directly in the system to issue a loan or send a part of the funds to a deposit and receive interest. Due to such variety of various instruments this service is called one of the best in the sphere of online finance.