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Login with your StraitsX Personal or Business Account.
- What Is xfers?
- Do I Need An Xfers account?
- How to Open An Xfers Account
- How to Deposit Funds Into Xfers
- How to Withdraw Funds from Xfers
- Is Xfers Safe?
- What If I Don’T Want to Go Through All This Hassle?
- Final Note on Crypto Trading
Xfersis a platform that lets businesses send and accept payments and track cashflow. The company is regulated by the Monetary Authority of Singapore. Er, okay, so what’s this got to do with cryptocurrencies? Well, one of Xfer’s features is Xfers Wallet, a digital assets wallet that lets you exchange SGD for cryptocurrencies when you link it with a ...
Most crypto exchanges in Singaporewill require you to open and link your Xfers account. Otherwise, you can’t start using it. Xfers Wallet is to cryptocurrency what Central Depository or CDP accounts are to local stocks. Both are prerequisites in order to start trading. (The exception is if you are using a stock brokerthat holds the shares on your b...
Singapore residents with a local phone number can sign up for an Xfers account. You first need to register for an Xfers account on their website. Keep your phone on standby as you will be sent a One-Time Password. You will then be asked to verify your email address. Your account will be approved in 24 hours to 5 business days. Once that’s done, you...
Once your account has been opened, you can deposit SGD into your Xfers account. To do so, click on [My Account] and add your bank account details. Once your bank account is successfully linked, you can make an SGD deposit from your bank account by clicking [Digital Goods Wallet > Deposit]. Your deposit destination should be[Digital Goods Wallet]. Y...
Click on [Digital Goods Wallet > Withdraw]. Select your Digital Goods Wallet as the wallet you wish to withdraw from, and then select the bank account you wish to transfer the money to. Enter the amount you wish to withdraw and then finish the transaction. The minimum withdrawal amount is $10. Funds are usually received within one day, but dependin...
Xfers is licensed by the Monetary Authority of Singapore (MAS) to provide e-money issuance services under the Payment Services Act, which regulates payment service providers and protects their customers. This includes safeguards that ensure that the company is liable for your money. So, yes, the platform is safe to use. The part that is less “safe”...
Most crypto exchanges will require you to open an Xfers account separately if you want to trade cryptocurrencies. There is one exception though — the crypto exchange Gemini. Their platform is integrated with Xfers, so you don’t need to take the extra step of opening an Xfers account. However, an Xfers-integrated platform isn’t necessarily better as...
Not to be a nag, but before closing, here’s yet another gentle reminder to be careful when trading crypto or crypto derivative products. Cryptocurrencies are extremely volatile, and crypto exchanges aren’t well-regulated, leaving investors vulnerable to security risks. If you’ve made up your mind to explore the world of crypto trading, read our new...
- Joanne Poh
1. Register for an account. Sign up with Singpass MyInfo or fill in your information with your KTP. 2. Link your bank account. Link your local bank account to enable bank transfers to and from your StraitsX Personal Account. 3. Transfer SGD or IDR in.
Aug 26, 2021 · MoneySmart. Xfers Account Singapore: Step-by-Step Guide to How Xfers Works. Joanne Poh. 26 August 2021 · 5-min read. The days when Bitcoin was a goldmine have dissipated together with our...
- Joanne Poh
Xfers launches Xfers Direct to enable quick bank transfers in Singapore — powered by a single API
Personal Account. Email Address. Don't have an account? Sign up now. If you wish to login as an Business user, please click here .
Oct 11, 2021 · In our mission to accelerate access to digital assets in Southeast Asia, we are excited to unveil a new look for the StraitsX platform, featuring a new logo for the StraitsX Singapore Dollar (XSGD) and a brand new refreshed user interface. For existing users, your Xfers personal account is now a StraitsX personal account.
