Cryptocurrencies are now very much a part of every person’s life. However, sometimes it can be very difficult to control one’s personal finances because money is accessed from different systems. For example, one kind of crypto is in one wallet, another kind is in another, some money is in an exchange, and some fiat money is somewhere else. The Vexel financial system, available at https://vexel.com/, helps manage monetary assets from one system. How does it work and is it really profitable and practical to work with the service?
First you have to register with the service, then you can verify the user to increase your payment limits and activate some additional options, such as using a bank transfer, if you wish.
Users of the service can transfer fiat money and exchange it for crypto. To purchase crypto from Vexel, users can use a personal MasterCard or Visa bank card. Plus, it’s worth noting that accepting crypto into their accounts at the service is commission-free.
It is possible to transfer funds from Vexel to third-party cryptocurrency wallets, for example, to personal wallets, balances of exchanges, other financial systems. Currency conversion is usually performed automatically. Clients of the service can transfer funds to Visa, MC, UnionPay and various other debit cards. The system also allows sending SWIFT transfers to personal bank accounts.
The service has an interesting feature, you can make intra-system transfer to another user of the service quickly and without commission. Users have an opportunity to exchange their own funds in different directions, let’s say, fiat money can be exchanged into Ethereum, the exchange will be carried out at an internal rate of the system. Very soon it will be possible to take a loan directly in the system, or send part of the money on deposit and receive interest. Thanks to the rich abundance of various instruments, Vexel can be safely called one of the promising ones in the financial sphere.