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Tuesday, February 7, 2023

Relaypay Cryptocurrency Exchange Review: Relaypay Is Legit

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About Relaypay Exchange

Founded in 2019, Relaypay Exchange is a cryptocurrency exchange platform based in Australia. It is a fintech firm that works as a medium of exchange to facilitate quicker transactions from fiat to crypto and vice versa.

Along with being an exchange platform, RelayPay has simplified the use of cryptocurrencies in everyday lives by providing the users an elementary method to spend it in the same way as cash.

To make the use of cryptocurrencies as smooth as cash, the platform provides investors with various options that enable them to use frictionless crypto to fiat exchange mechanism. One can pay in cryptocurrencies instead of cash by using RelayPay.

Key Information

ExchangeDetails
Exchange NameRelaypay Exchange
Exchange TypeCryptocurrency
Withdraw FeeFree
Support24/7
LangugaeEnglish
Deposit FeeFree
Supported Fiat CurrenciesAUD, USD, EUR
Website Homepage

How To Sign Up & Start Relaypay ExchangeTrading

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You Sign Up For A User Account By Providing Basic Information.

On Every Exchange You Will Get Option For Sign Up Or Create Account . Just Fill Some Basic Details Like Name , Email , Password , Security Question Etc For Registration . It Is First Step To Start Trading On Any Exchange

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You Then Receive An E-mail In Your Gopax To Activate Your Account.

Before You Can Login, You Must Active Your Account With The Code Sent To Your Email Address.Then You Will See A Message That Your Financial Account Is Activated And Ready To Go. This Means That You Can Log In And Start Trading In Cryptocurrency.

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Identity Verification

For Successful Verification You Will Need Identity Documents. For Example, You Can Use A Driver’s License Or Passport, Where The Name Is Duplicated In Latin Letters.Confirmation Of Identity On Exchange Is An Optional Step. The Procedure Must Be Completed Only If You Want To Remove The Restrictions Of Btc On Deposit Or Withdrawal Of Funds Per Day.

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RelayPay Fees

RelayPay is highly liberal and transparent when it comes to fees. The platform keeps the additional fees mechanism to a minimum, and if any trading fee is charged on buying/selling of an asset, then it is all-inclusive. Moreover, RelayPay does not charge any fee on deposit or withdrawal of assets from an account. Thus one can transfer funds free of cost anytime.

RelayPay Deposit & Withdrawal Methods

There are two ways in which the users can deposit the funds in their account to convert them to crypto-assets of their preferred choice. The deposit methods are as follows:-

  • Bank Transfer (ACH)
  • PayID

The method of withdrawing funds from an account is quite elementary; one is required to provide the bank details of the bank account of any supported country and initiate the transfer. Investors can also use the crypto-assets directly to purchase everyday amenities and items.

RelayPay Accepted Payment Method

Following payment methods are available on the platform:-

  • PayID
  • OSKO
  • POLi

The platform will shortly add Mastercard, Visa, and Cash-in options into its payment methods.

How Does RelayPay Work?

RelayPay uses an aggregator model that compares the price feed of some of the renowned and regulated crypto exchanges worldwide to provide the users the best rates with utmost transparency. This methodology saves traders the unnecessary nuisances of going through multiple exchanges separately while getting the most competitive rate at that time. The platform uses BPay biller technology to spend cryptocurrencies in payment of any bill or credit card statement.

Features

Supported Countries

Australia, Austria, Bahrain, Belgium, Canada, China, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Ireland, India, Italy, Japan, United States, and many more.

RelayPay Referral Program

Invite your friends and earn 0.10% of their entire transaction volume. RelayPay rewards are uncapped, do you know any whales?

Refer & Earn!

Invite your friends to RelayPay and you’ll earn 0.10% of their total transaction volume. It’s easy and rewarding, all they have to do is click the link you send, create an account, and complete a transaction

RelayPay Customer Support

The customers get a dedicated FAQs section for navigation of the exchange. On facing the issues not mentioned in the FAQs section, they can leave an inquiry in the ‘contact us’ section and get help from the customer service team of the platform.

Is RelayPay safe to use?

  • To promote the safe use of blockchain technology for improving the digital economy RelayPay is certified by the industry body, Blockchain Australia.
  • The company is also registered with AUSTRAC as a Digital Currency Exchange and Independent Remittance Dealer, so it complies with all regulations required. The exchange is checked by the Australian Transaction Reports and Analysis Centre.
  • RelayPay requires all users to verify their ID before utilising any of the features on the platform. This requires a copy of a photo ID to be sent to the exchange for verification. Thanks to biometric matching 80% of consumers are approved within two minutes or less.
  • Only regulated international exchanges are used in the order-matching system.
  • Multiple payment options including PayID, Osko, POLi, Mastercard, Visa and cash-in options will soon be added.
  • RelayPay is a non-custodial platform meaning a user always remains in control of their digital asset private keys. A user can interact with RelayPay via any personal digital wallet.
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Disclaimer

Crypto investments come with high risk and you should always exercise caution when investing in any crypto asset. Investing in crypto carries a high level of risk, and may not be suitable for all investors. Any investment decisions made by you are made at your own risk and we are not responsible for any losses that may occur. Before investing, we recommend you consult a financial advisor to understand the risks and rewards associated with investing in crypto.

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