Best ADVcash Brokers 2024

ADVcash is an e-wallet system that accepts a range of fiat currencies and cryptos. The payment provider is supported in multiple countries including the UK. Importantly, ADVcash can be used to complete transactions for goods and services as well as to deposit and withdraw from trading accounts. In this review, we cover how ADVcash works, any card fees, charges and limits, plus making payments at online brokerages. We also list the top brokers that accept ADVcash deposits in 2024.

How ADVcash Works

ADVcash is a crypto-friendly wallet and digital payment system. It was set up in 2014 and has headquarters in Belize where it is licensed by the International Financial Services Commission (IFSC). The payment method can be used to pay for various products and services as well as to transfer money, acting as an alternative to bank transfers, debit cards, Visa, Apple Pay and PayPal.

ADVcash supports several global currencies including GBP, USD, and EUR, as well as popular cryptocurrencies like Bitcoin, Ethereum and Dogecoin. It can be used as a virtual card to make payments online, while customers can also apply for a physical card that allows them to load and withdraw cash from their account as well as make payments in-store. Importantly, the payment solution can be used by traders to fund accounts at various brokers across the UK, including RoboForex. At digital exchanges, the wallet service can also be used to buy and store cryptos.

ADVcash is supported in over 150 countries including the UK, France and Germany. The customer service team is available 24/7 if a payment has failed, you have any issues, or you simply want to give feedback.

Registering For ADVcash

Traders can register for the service for free on the official website. When you sign up, you must select whether you want a personal or business account and complete the verification process. You will not have access to all features until the sign-up process is complete. Unsurprisingly, verification can take time and will require details of your address, phone number and chosen language, alongside the email you want to use to set up the account.

Once verification is complete, you can login and view your account number, wallet ID and email. You can also then use the payment method to transfer to a bank account, business or online broker.

Note, if your account gets blocked or you want to delete it, contact the customer service help centre.

Fees

It is free to sign up, though there are different charges depending on the method used to load the account. There is no fee when transferring funds from another ADVcash user, while Visa and Mastercard deposits have a 3.5% charge. Cryptocurrency deposits have a variable internal exchange rate which can be viewed on the official website.

The ADVcash withdrawal fee varies depending on where the money is being sent. Like deposits, a transfer to another user is free of charge. Local bank transfers have fees starting from 0.5%, while Visa and Mastercard transfers start from around 2% plus a fixed charge in the chosen currency. Again, cryptocurrency transfers have an internal exchange rate that is applied at the time of the transfer.

Importantly, most brokers offer fee-free deposits and withdrawals via ADVcash. Remember though, this can vary and brands also have a minimum deposit requirement. In addition, some brokers invoke a maximum transfer amount and a daily or monthly limit.

Speed

ADVcash is a fast payment method. When you send money to your account, another user or a business, the transaction is completed almost instantly. At many UK brokers, deposits with ADVcash are near-instant, meaning you can send money and start trading right away.

Withdrawals are a little different. They tend to take longer and vary from broker to broker. The time taken is not limited on ADVcash’s end, it is usually the time it takes for the UK broker to process the transaction. Typically, this can take anywhere from 24 hours to two business days.

Security

ADVcash offers a range of protection tools to safeguard customers against malpractice and other issues. All users are encouraged to set up two-factor authentication (2FA). This requires a one-time password during the sign-in process and makes it more difficult for third parties to access accounts.

Customers are also protected at every step, from submitting know-your-customer (KYC) documents to making secure payments. The company uses HSM-encrypted servers to ensure data is protected. The firm also analyses the payment environment regularly to minimise the risk of phishing and similar attacks.

How to Make ADVcash Deposits & Withdrawals

If you want to start using ADVcash to make deposits and withdrawals at UK brokers, follow these steps:

1. Head to your broker’s payment section and select deposit or withdrawal
2. From the list of options select ADVcash
3. Enter the amount you wish to deposit or withdraw
4. Once redirected to the ADVcash portal, enter your email and password
5. Choose the wallet and currency you would like to use
6. Hit confirm to make the payment

Benefits of ADVcash

• Two-factor authentication
• No fees for internal transfers
• Compatible with popular cryptos
• Store different currencies in one account

Drawbacks of ADVcash

• No mobile wallet app
• ADVcash is an offshore company
• Fees for debit card deposits and withdrawals

ADVcash Verdict

ADVcash is an e-wallet and payment system that supports a selection of popular crypto and fiat currencies like GBP. At many UK brokers, deposits are instant while withdrawals are completed promptly. On the downside, there are fees for transfers to and from certain payment solutions like debit cards.

Overall, the firm is a fast, reliable and secure payment method. Check out our list of UK brokers that accept ADVcash deposits and follow this guide to start trading today.

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