WebMoney is a digital payment service that is used to process large transactions for low fees. Do you know which crypto sites that accept Webmoney for deposits? Luckily, we got the answer in the top list below.
This payment option is accepted on a wide range of crypto exchanges, and that makes it highly convenient to use as a deposit method. The WebMoney Transfer Ltd company was founded in the late 1990s and has consistently improved its service over the years. Below are the best crypto sites supporting transfers and deposits with help of Webmoney.
Top 8 sites for buying, selling and trading crypto with Webmoney
This is the toplist with the best sites to buy, sell or trade cryptocurrencies through Webmoney. To learn more why a certain site is ranked the way it is, you can read our review by clicking the review button.
We generally recommend using an exchange or platform with good track record, great reputation and positive feedback from its customers. The better option for you as customer, the better ranking we give them.
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You can transact with Webmoney using the Android app, Apple app, or desktop version of the payment system. The platform primarily uses the Russian ruble as it was founded in Russia, but it accepts lots of other fiat currencies. You can create multiple currency wallets, including Euro, GBP, ZAR, CAD, JPY and Dollar. You can access the wallet 24/7 and can make payments at any time.
Below are the main pros and cons that is worth looking into before starting.
+Webmoney uses a certification system to prevent fraud.
+You can use many different currencies when transacting.
+ Webmoney transactions can be made via the mobile app.
+The transaction fees are low, and you can access promotions.
+There are many crypto sites that accept Webmoney.
-You have to verify your details..
-Webmoney doesn’t have a fee calculator for exchange rates.
-Transactions are final and cannot be reversed.
-Lots of countries are excluded from the site.
What is Webmoney?
With Webmoney, users’ funds are stored in a purse, and the funds are stored as electronic assets that correspond to the underlying currency. The service can be used for peer-to-peer payments, and you can also use it to make deposits and withdrawals on crypto exchanges. It charges very low fees of 0.8% of the transacted amount.
When making payments with this deposit method, you will have to pay a fee that is equal to 0.8% of the transacted amount. The minimum fee you can pay for a transaction is 0.01 WM. However, the minimum fee will be increased if the transactions are confirmed via SMS. WebMoney Transfer does not charge any fees for payments made between wallets of the same type and those belonging to the same WMID.
Transaction speed for Webmoney
Lots of people use this funding method because it offers instant transfers. You should verify your account when prompted as failing to do this can cause unnecessary delays.
Webmoney Deposits: How to do it?
1. Go to the crypto exchange and enter your login details
2. Navigate to the payment page, where you will choose Webmoney from the available options
3. Add the deposit amount and click the confirmation button
4. Complete the payment with a verification method of your choice
Which are the main countries where Webmoney is used?
This deposit method is mostly used by residents of Russia and Ukraine. It also accepts customers from Asian and Eastern European countries like Armenia, Belarus, Moldova, and Turkmenistan. Some of the prohibited countries on Webmoney include Mali, Afghanistan, Pakistan, the United States, and Iran.
Can you withdraw with Webmoney?
You can transfer funds from your crypto exchange account to your Webmoney account, and this transaction will be processed in a few seconds. If you find it complicated to withdraw funds with this option, you should consider using cryptocurrencies, credit cards, or bank transfer.
Reputation of Webmoney
Most users of this payment method have reported positive experiences with it, and it has a very high rating on Google Play and the Apple Store. Tens of millions of people use this funding method to make payments, so you can expect it to be high in quality. The main complaint people have with it is that it has excluded many countries from its service.
Below are some of the most frequently asked queries received about Webmoney as a payment method when buying Bitcoin or other cryptocurrencies.
Is it safe to use Webmoney for cryptocurrencies?
Yes, this deposit option is safe to use as it uses a certification system to prevent fraud. However, it is important to be wary of phishing attempts and other forms of fraud since the customer support team will not help you recover any lost funds.
How do I set up Webmoney?
To set up Webmoney, you should go to www.wmtransfer.com and create an account. You may have to verify your personal details in order to make transfers.
Is Webmoney instant?
Yes, Webmoney offers instant transactions.
When was Webmoney founded?
This payment method was created in 1998 during the dot com bubble. It was initially developed as a method for Russian residents to make payments online with US dollars.
Where is the mother company based?
This company is based in Moscow, Russia. It has offices in many other countries.
Does Webmoney only work on Apple devices?
This payment method works on Apple and Android devices, and it has applications for both of these operating systems. You can also make the transactions on the website. Go to the official WebMoney website and create your account today.