Crypto Top-up

What is the Crypto Top-up function?

Fiat24 users can top up their cash (or fiat) account with their cryptocurrencies. The crypto topup can be done in seconds, much faster than the cash topup.
A demo tutorial is provided here.

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

From the Fiat24 dApp, the user can directly choose major cryptos, such as USDC or ETH, for the topup.
In our metaverse, you can top up your Fiat24 account using other tokens. There are plots of our metaverse land occupied by token issuers or exchanges. You can see their logos in the metaverse on our homepage. If you click on such 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 topup?

For example, if the user tops up 1270 USDC to USD, he will get exactly 1270 USD.

Do I have to register before using this function?

Yes, you have to register for a Standard account to be able to use the crypto top-up function. For verified Standard users with Live accounts, the 30-day limit transaction limit is 100,000 CHF (or equivalent), which also includes the Crypto Topup.

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

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