Crypto Top-up

What is the Crypto Top-up function?

Fiat24 users can top up their cash account with their cryptocurrencies. The crypto top-up is done in seconds, much faster than the cash top-up.
A demo tutorial is provided here.

Which cryptos can be used to top up the cash account?

Within the Fiat24 dApp, the user can directly choose from major cryptos, such as USDC or ETH, for the top-up.
In our metaverse, you can top up your Fiat24 account using other tokens. There are plots of metaverse land already occupied by token issuers or exchanges. You can see their logos in the metaverse on our homepage. If you click on a plot and there is a fiat/cash price indicated in the popup window, you can top up your Fiat24 account with the indicated token at this indicated fiat/cash price by scanning the QR code with your Fiat24 dApp.

Is there a commission for the top-up?

Standard individual users with NFTs obtained directly from www.fiat24.com are charged 1.0% by Fiat24 for each top-up.
Premium users enjoy lower rates.
For all information, please refer to our Pricing page.
In addition, third party infrastructures may charge further fees, commissions, and/or deductions which are not retained by Fiat24. Fiat24 is only responsible for the charges listed on the Pricing page.
The amount of fiat money you can expect to receive at the end of your crypto top-up transaction will be shown to you in the dapp.

Do I have to register before using this function?

Yes, you have to register for a Standard account in order to be able to use the crypto top-up function.
For verified Standard users with Live accounts, the 30-day transaction limit is 100'000 CHF (around 105'000 USD), which also includes the crypto top-up.

What happens if I top up with a token listed in the metaverse?

Theoretically, Fiat24 only accepts USDC for the crypto top-up. However, with DeFi technologies, any token can be converted into USDC through Uniswap V3 in Arbitrum if there is liquidity for this swap.
In the case of topping up with a token other than USDC, Fiat24 initializes the swap of the token for USDC in Uniswap, and then executes the USDC top-up function in the Fiat24 system.

Is the crypto top-up and crypto-to-crypto or crypto-to-fiat event?

Fiat24 is licensed in Switzerland to exchange your crypto tokens for fiat money in the required currency (CHF, EUR, or USD). We use our own Fiat24 CHF24, EUR24 and USD24 tokens as tokenized deposits exclusively to book the transactions and balances on the blockchain. Each CHF24, EUR24 and USD24 tokenised deposit token is mapped 1:1 to a unit of equivalent fiat currency in our correspondent bank. We do not conduct pure crypto-to-crypto exchanges.
Please note that the above cannot be construed as tax or legal advice, and we are not responsible for other countries' and institutions' assessment of the crypto top-up.