Advertorial Traveling to Thailand with Crypto? Withdraw in cash at local ATM with no extra charge. No card required.

[ASEAN NOW Sales]

Traveling to Thailand with Crypto? Withdraw in cash at local ATM with no extra charge. No card required. 

 

Targeting financial services to expat, digital nomad and cryptocurrency communities, the fintech challenger Everex.io came with a new and interesting service of using blockchain for instant cross-border transfer and domestic money exchange. Serving currency corridors between USD, EUR, crypto and THB, Everex offers huge savings on currency exchange, transfers, and most importantly, free cardless ATM withdrawals.

 

When you run out of cash and it’s time to get a new stash, that’s when most of us get caught with 200-220 THB ATM international withdrawal fees that are charged by banks on the top of the currency exchange rate, which may reach additional 4-5%. Everex found a way to deliver THB only for around 1% over interbank currency conversion rates. There are no additional fees or commission, whether you do transfer to Thai bank account or request cardless ATM withdrawal. And what’s cool is а real same day delivery and no withdrawal fees. Bank account or card is not required to use this service.

 

 

 

How it Works

 

1. Sign up and verify your identity. After verification, add THB to your wallet by depositing the quoted amount in EUR or USD. If you are a crypto friendly person, you can use DAI (USD) or EVX token to send to your wallet address.
2. Once Everex team receives your funds, THB will appear in your Everex wallet within minutes. If you transfer EVX or DAI it will appear on your Everex balance automatically.
3. To receive cash in THB, locate Withdrawal function in the wallet and specify how you want to receive it: via ATM or Thai bank account. If you select Cardless ATM, note that there is 20,000 THB limit per transaction. For bank account withdrawal the limit is 30,000 THB. No bank account or card is required for ATM withdrawals. Nor you will pay any withdrawal fees.
4. This service is available in any major city in Thailand, including Bangkok, Pattaya, Phuket, Chiang Mai and other popular destinations.

Do you first transfer with Everex Wallet. For more details visit Everex site. 

 

 

Get the app

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[wombat]

do gold shops in Thailand  take crypto ?

[davidst01]

On 8/26/2019 at 10:01 AM, ThaivisaSales said:

add THB to your wallet by depositing the quoted amount in EUR or USD.

I dont understand step 1. The heading of the article is 'traveling to thailand with crypto'. So why would I deposit fiat (baht). 

 

Its unclear what this technology is suited for. Please explain and I might thus register but at the moment I dont understand. 

[PerkinsCuthbert]

1 hour ago, davidst01 said:

I dont understand step 1. The heading of the article is 'traveling to thailand with crypto'. So why would I deposit fiat (baht). 

 

Its unclear what this technology is suited for. Please explain and I might thus register but at the moment I dont understand. 

No mention of the crucial point - the conversion rate. And what if your funds originate in currencies other than USD or EUR? Is there an additional forex conversion charge?

[Caldera]

How do you "travel with crypto"? More like travel with (access to) your keys.

[Elizaa]

On 9/10/2019 at 9:03 AM, wombat said:

do gold shops in Thailand  take crypto ?

You can convert crypto to EVX, DAI or USDC and then transfer to Everex Wallet first. When making payments, you can exchange your assets to THB in the wallet and withdraw via Cardless ATM or Bank Transfer.

[Elizaa]

On 9/10/2019 at 10:13 AM, davidst01 said:

I dont understand step 1. The heading of the article is 'traveling to thailand with crypto'. So why would I deposit fiat (baht). 

 

Its unclear what this technology is suited for. Please explain and I might thus register but at the moment I dont understand. 

Basically the article instructs to deposit stablecoins (DAI, USDC) or crypto (EVX) in the wallet that can also be bought with fiat, and convert into THB, USD or EUR when needed. Crypto and stablecoins can be transferred to popular crypto exchanges as well, thereby the wallet serves as Fiat-crypto gateway.

Edited September 16, 2019 by Elizaa

[Elizaa]

On 9/10/2019 at 11:47 AM, PerkinsCuthbert said:

No mention of the crucial point - the conversion rate. And what if your funds originate in currencies other than USD or EUR? Is there an additional forex conversion charge?

Everex delivers THB around 1% over interbank currency conversion rates. If you specify the exact amount of USD or EUR to your bank they will arrange the payment.

[Elizaa]

On 9/10/2019 at 2:44 PM, Caldera said:

How do you "travel with crypto"? More like travel with (access to) your keys.

Rather like 'travel with crypto/stable coins in a digital wallet that you can withdraw when needed.'

[Yme]

Be careful with this mob. 

I dealt with a similar mob and they wanted full reproduction quality photos of passport, electricity bill/ bank account/ drivers licence. The same requirements as Payoneer, who I also won't use over the risk of identity theft.

 

Edited September 24, 2019 by Yme

[wombat]

On 8/26/2019 at 10:01 AM, ThaivisaSales said:

No card required. 

how does that work ?

[Sangsomm]

2 hours ago, Yme said:

Be careful with this mob. 

I dealt with a similar mob and they wanted full reproduction quality photos of passport, electricity bill/ bank account/ drivers licence. The same requirements as Payoneer, who I also won't use over the risk of identity theft.

 

Everex requires a selfie and passport copy only. Where did you get this list of requirements for KYC. Electricity bill/ bank account/ drivers licence are not required and never asked by Everex Wallet.

[Sangsomm]

2 hours ago, wombat said:

how does that work ?

If you hold crypto, you can exchange it for USDC/DAI/EVX and send to Everex Wallet; which you can either withdraw to your Thai/US/European bank account or via ATM in Thailand. ATM withdrawal in Thailand is cardless, meaning you will use reference codes provided by Everex to withdraw from ATM.

[Tayaout]

Anyone know if this solution is cheaper than bitkub? 

[Elizaa]

35 minutes ago, Tayaout said:

Anyone know if this solution is cheaper than bitkub? 

There are no fees for Everex withdrawal. Everex delivers THB for around 1% over inter-bank currency conversion rates. Also you can transfer to/from exchanges that accept USDC/DAI/EVX for free. So you can certainly profit from arbitrage using Everex wallet.

[denby45]

Why bother with all that hassle when Transferwise is around half of one percent total cost?

I tried the crypto way already. It's very expensive.

 

Den

[MartiniMan]

 

1 hour ago, denby45 said:

Why bother with all that hassle when Transferwise is around half of one percent total cost?

I tried the crypto way already. It's very expensive.

 

Den

Exactly! This sounds like a very dodgy scam I will not ever use these volatile instruments or their pump and dump scammers who fleece retail investors

Transferwise, or interbank wire transfer works fine. Don't need crypto its a total con

[Tayaout]

1 hour ago, MartiniMan said:

 

Exactly! This sounds like a very dodgy scam I will not ever use these volatile instruments or their pump and dump scammers who fleece retail investors

Transferwise, or interbank wire transfer works fine. Don't need crypto its a total con

Good for you but some of us either bought a stack long ago and did not dump, get paid or run business that accept bitcoin payment. In my case transfewise would not work at all and I don't have a bank account outside Thailand to wire from. 

[Tayaout]

I want to verify my account but it require to add my phone number. The app doesn't let me enter my phone number and there is no login on everex website. I sent an email so I will see if support is fast. 

 

 

[denby45]

17 hours ago, MartiniMan said:

 

Exactly! This sounds like a very dodgy scam I will not ever use these volatile instruments or their pump and dump scammers who fleece retail investors

Transferwise, or interbank wire transfer works fine. Don't need crypto its a total con

I don't view it as a scam although it may well be. I don't care really because I use it for gambling. Trying to buy low and sell high. It's very volatile so good for playing and you need that volatility to make any gains. I found the turnaround baht-bitcoin-baht is rather expensive. Maybe I am using an exchange that overcharges and has large spread but I believe it is no different than others. Certainly my set up is not good for exchanging money. The charges and spreads actually defeat the object of crypto's so unless the exchanges can get their charges to a more reasonable level then I do not see it taking over from banks.  

 

 

Den

[Sangsomm]

14 hours ago, Tayaout said:

I want to verify my account but it require to add my phone number. The app doesn't let me enter my phone number and there is no login on everex website. I sent an email so I will see if support is fast.

 

Hope you got answers from Everex support already. If you are referring to everex.io website, it is the official site of Everex, which has 'Online Wallet' button in its main header navigation menu. You can login to Everex at https://everex.cash (Online Wallet).

 

Regarding adding mobile number, did you click on "Change"?

[royalmice]

Can i top up my crypto wallet from Everex using PayPal ?

[Tayaout]

On 9/25/2019 at 10:44 PM, Sangsomm said:

Hope you got answers from Everex support already. If you are referring to everex.io website, it is the official site of Everex, which has 'Online Wallet' button in its main header navigation menu. You can login to Everex at https://everex.cash (Online Wallet).

 

Regarding adding mobile number, did you click on "Change"?

Yes clicked "change" after contacting support. Stupid me. ????

[Tayaout]

24 minutes ago, royalmice said:

Can i top up my crypto wallet from Everex using PayPal ?

I see the option but there is 5% extra fees.

[royalmice]

2 minutes ago, Tayaout said:

I see the option but there is 5% extra fees.

Thanks

[royalmice]

will the withdrawals to my TH bank be recorded as an international transfer by the bank or will it be seen as a inter bank transfer

Edited October 18, 2019 by royalmice

[Tayaout]

^^ In this case they don't ask for your address. Only passport and phone number. 

 

It's not recommended to reuse the same address and most wallets send change to a new address automatically. 

 

You can also use decoy account with a ledger wallet for example. 

 

"Plausible deniability

To protect yourself in case of physical threat, make sure your primary PIN code unlocks only a minor part of your crypto assets. Then set up a passphrase attached to a PIN code and store more significant amount of crypto assets on the passphrase-protected accounts.

If you are under duress to unlock your Ledger Nano S, you can surrender your main PIN code to the attacker while hiding the PIN code that unlocks your passphrase-protected accounts."

https://support.ledger.com/hc/en-us/articles/115005214529-Advanced-passphrase-security

Edited October 18, 2019 by Tayaout

[john69]

On 9/10/2019 at 9:03 AM, wombat said:

do gold shops in Thailand  take crypto ?

Assuming it is not a scam of sorts, why even consider using it?

[denby45]

Why would anyone use this service? If they ever get all costs end to end below half of one percent  then they will become a viable option.

 

Den

[LillyBangkok]

We will definitely need a Bitcoin ATM like this one in Florida to withdraw Bitcoin into fiat money. Any possibility in Thailand?

https://www.supercryptonews.com/bitcoin-atm-machine/