MiFinity is an e-wallet that charges super-low transfer fees. It processes transactions instantly and is available in more than 170 countries. MiFinity was created by Paul Kavanaugh in 2002. Since its founding, MiFinity has continually advanced and now even accepts crypto deposits and withdrawals. This is because of its integration with Cryptopay, a blockchain-based platform. Below are the top crypto casinos that support MiFinity for deposits and/or withdrawals.
Top 5 crypto casinos with support for MiFinity
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- 1 Top 5 crypto casinos with support for MiFinity
There are many crypto sites that accept MiFinity, and this is because the deposit method is available worldwide. However, it is only for crypto casinos and not for crypto exchanges or platforms.
MiFinity also offers very high levels of security and uses the latest anti-fraud tools. The company has a license from the FCA and is certified by Union Pay International to offer payment services. The customer support team of this company has also been noted to be very fast and supportive. Find the top pros and cons for this deposit method below.
+Your deposits will be processed instantly.
+MiFinity is available in almost all countries in the world.
+This deposit method is highly secure and uses anti-fraud tools.
+MiFinity supports 15 fiat currencies.
+It has been in existence for more than 19 years.
-You won’t be able to transact anonymously.
-The verification process for MiFinity may take a few days.
-US residents cannot use this funding method.
-It is hard for traders to predict the exact transfer fees.
-Only a handful of fiat currencies are supported by MiFinity.
What is MiFinity?
Although the verification process of this e-wallet takes a long time, it is very straightforward. You only need to upload a few documents and take a photo of your passport or face. With a fully verified account, you will enjoy high payment limits, as well as other benefits. It is worth noting that this e-wallet has a mobile app that is available on Google Playstore and the Apple App Store.
The transfer fees will vary depending on your country of residence and the currency you intend to transact in. MiFinity’s fees are quite low and can even be 0%. You will always be able to see the fees charged before you complete the transaction. It is worth noting that this funding method does not have any hidden fees.
If the transaction involves currency conversion, you will have to pay an extra fee of 2.99%. You should note that the actual exchange rates vary and may be applied without any notice to you.
Transaction speed for MiFinity
A key reason for the popularity of MiFinity for crypto deposits is the high speed of transactions. The transactions will reflect in your crypto exchange account instantly. It is worth noting that this funding method requires users to verify their identity and address before they make transfers. The verification process will usually be completed within two days. After that, you will be able to make instant transactions.
MiFinity Deposits: How does it work?
1. Go to your crypto exchange site and sign into your account
2. Visit the deposit page and select ‘MiFinity’
3. Add the amount you want to deposit
4. Complete the payment by adding your MiFinity password
Which are the main countries where MiFinity is used?
Although this payment method is available in more than 170 countries, it is mainly used in Europe and China. You can’t make MiFinity mobile payments in the USA, Cuba, Iran, Iraq, Liberia, and Sudan.
Can you withdraw with MiFinity?
Yes, you can withdraw money from your crypto exchange to your MiFinity account. It is worth noting that this e-wallet does not charge you to receive money. Since MiFinity integrated Cryptopay, traders can now withdraw their cryptocurrencies and hold them in their MiFinity wallets. It is also possible to withdraw crypto, and then the equivalent fiat currencies will be added to your MiFinity account. If you find it complicated to make withdrawals using this payment method, you should consider making the transfers to your bank account or other e-wallets.
Reputation of MiFinity
MiFinity has expanded rapidly as a global payments provider, and since it integrated cryptocurrencies, it has become popular among crypto traders. The payment method is highly trustworthy. Many people appreciate the fact that it offers quick support and always processes transactions quickly. The main issue with this deposit method is that it takes a long time to check customers’ verification documents. If this is a major issue for you, consider using PayPal as it typically completes the verification process quickly.
Here are some of the most frequently asked questions related to deposits with MiFinity.
Is it safe to use MiFinity for cryptocurrencies?
Yes, it is safe to use this deposit method for crypto payments. The service uses the latest anti-fraud tools and security features to keep your money safe. You should avoid clicking on untrustworthy links in your email or SMS as these can be used to access your sensitive data.
How do I set up MiFinity?
To set up MiFinity, you need to provide personal details like your email address and password. You will also have to verify your account. You can do this by sending copies of your identification documents. Similarly, you need to send copies of your recent bank statements or utility bills.
Is MiFinity instant?
Yes, the greatest appeal of this deposit method is the fact that it processes payments instantly. You only need to ensure that all your details are properly verified.
When was MiFinity founded?
This payment method was created in 2002. However, the e-wallet itself was first released in 2017. To keep up with changing trends in online payments, the company would integrate Cryptopay into its services in 2021.
Where is the mother company based?
The mother company of MiFinity is based in Belfast in Northern Ireland. It has regional offices in Dublin and Malta.