Advcash review in 2024

Detailed review of Advcash

The Advcash electronic wallet has been in the market for over 8 years and is available in 150 countries, which provides an opportunity to write an unbiased review of the wallet. The number of active users is 5 million and the number is growing. Complaints about the services are never related to its features, security or fees. Some clients are not happy with the operation of customer support, although TU experts checked and did not discover any issues.

Also, sometimes unavailability of certain currencies or cryptocurrencies is mentioned as one of disadvantages of the Advcash payment system. There is only one thing to say in this case. Very few platforms offer 9 currencies and 13 cryptocurrencies with mutual conversion. Advcash does not set limits or restrictions on assets. They are freely converted between each other; they can be deposited and withdrawn, and used to pay bills, shop and pay for services. The possibility of ordering a physical payment card, which will be delivered nearly anywhere, is a conceptual advantage of the system. The card is accepted everywhere where Visa and UnionPay cards are used.

There are two account types: personal and business. A business account provides an opportunity to manage a company's finance in a centralized manner, automatically pay salaries and invoices. The system also offers many template solutions, such as cash back or cryptocurrency exchange points. In order to add a solution to your company’s website, you only need to activate the option in your user account and receive a code.

Advcash in figures:

• 8 years of successful operation;

• 150 countries – current coverage;

• 5 million users;

• 9 currencies and 13 cryptocurrencies;

• up to 10.3%+ on savings;

• 0 – service fee.

No service fee, average transaction fees and a big choice of assets helped the Advcash electronic wallet to gain a wide audience. 5 million active users is one of the highest indicators in the segment. Still, crypto savings accounts remain one of the most significant instruments offered by the platform, because this is a one of a kind offer. Competitors offer staking or deposits in dApp projects at best. Advcash offers a full-fledged crypto savings account, and at a high APY.

Useful features by Advcash:

• Holding currencies and cryptocurrencies. Verified users can deposit funds in 9 currencies and 13 cryptocurrencies to their Advcash electronic wallet. There are no limits.

• Transfers in currencies and cryptocurrencies. Transfers between users of the platform are free; the fee on other transfers is average. It is particularly beneficial to make large transfers.

• Currency exchange (conversion). Users can exchange one currency for another in their user account. Also exchange between cryptocurrencies and crypto-fiat is available at a rate close to the market rate.

• Online shopping. Advcash works with dozens of thousands of online stores and services. You can pay from your account at zero fee, if the store supports such payments.

• Payments at offline stores. Users can order a physical Advcash card. The card is accepted everywhere where Visa or UnionPay cards are accepted.

• Crypto savings account. Clients can make deposits in crypto. There is no minimum or maximum amount; the deposit period is up to 36 months, at up to 10.3% APY.

• Referral program. Advcash clients receive a unique code. Every new user who registers with this code will bring its owner 20% of transaction fees.

• Solutions for business. In addition to personal, a corporate account is available, enabling businesses to manage company finance, pay salaries to employees, create reports, etc.

Advcash review of the platform’s features shows full correspondence of the service to modern requirements and standards. The system provides all features for holding funds in different currencies and cryptocurrencies and transferring them at low fees.

Benefits of Advcash payment system:

• Wide choice of assets. Users can hold funds in 9 currencies and 13 cryptocurrencies in their wallet.

• Conversion. You can exchange USD for EUR or ETH for BNB (as an example) at any time, at a rate close to the market rate.

• Transfers without limitations. Advcash clients can send any amount to residents of 150 countries and accept payments from them.

• Financial benefits. The platform does not charge a service fee. Transfers between Advcash users are also free.

• Passive income. Advcash wallet owners can earn passive income thanks to the crypto savings account.

• Activity bonuses. The partnership program provides a decent extra income for referring new users.

• Reliability and security. The system has never been hacked. It always performs its obligations to the clients.

• Various deposit and withdrawal options. Bank cards, accounts, other wallets or crypto wallets are accepted.

• Physical card. A virtual card is provided instantly, but you can also order a physical Visa card.

• Solutions for business. The corporate account helps make company’s work easier through automation of financial processes.

Types of accounts in the Advcash payment system

There are two account types. The first one is for personal use. The features in the account become available once you pass verification. Clients with a personal account can deposit and withdraw funds (currencies and cryptocurrencies), convert them, shop online with a virtual card and, if they ordered a physical card, also shop offline.

The second account type is for businesses. Owners of such an account enjoy the features of a personal account plus receive a functionality for realization of corporate tasks. For example, they can integrate the Advcash ecosystem into their website to receive payments through it. They can also connect the cash back option. With the Advcash corporate account, business owners can quickly and easily pay salaries to their employees anywhere in the world (automation solution). A business account is provided for free, same as a personal account. However, there are some differences in fees.

Therefore, the Advcash payment system satisfies the needs of all its clients. Some use the service for personal needs, and some – for business. Simplicity, reliability and deliberate nature of offered solutions are what makes both account types popular. Individual conditions can be discussed for businesses (you will need to contact the system’s customer support).

Banking features

Banking features mean standard banking services, such as international transfers, conversion, savings account, etc. Today, they are also often applied to online banks, which don’t have physical branches. The Advcash payment system fully meets the modern banking standards, providing a wide list of services related to this segment. The Advcash wallet is certainly no virtual bank, but it allows users to hold, convert, transfer funds and earn passive income with deposits.

Social programs of Advcash

Advcash does not implement any social programs (aimed at charity, protection of environment, etc.). However, the platform provides quality service in convenient format for individuals and businesses, and it is beneficial to work with it.

How to open an account at Advcash

• Step 1. Go to the official website of the Advcash payment system. In the top corner of the screen, you will see the language icon. The language is determined automatically based on your location, but you can change it if needed.

• Step 2. In the top right corner click the Sign Up button. Or you can click Create free account now, Create free ADV account now, Earn crypto now! and Try ADV2 for free now! buttons. These buttons are available on most pages of the website and all of them initiate the process of registration of a new client.

• Step 3. Choose the account type: Personal or Business. Type in your first name, last name, email, and come up with a password. Drag the slider to the right to pass the anti-bot check. Review the conditions by clicking on two links below, and if you accept them, tick the two boxes. If you do not accept the terms and conditions, you will not be able to open an account. Once you tick the boxes, click the Register button.

• Step 4. You are now a registered user. In order to gain access to all features of the platform, you need to verify your identity. In the top right corner of your user account, there is a Not verified notice written in white letters on the red background. Click on it. You can also select Verification in the pop-down menu.

• Step 5. Verification consists of two steps. For the first step, you need to provide your phone number and click the Send code button. The code will be sent as a text message to your phone. Enter it on the same page. For the next step, you need to provide a photo of your ID document (for example your passport) and take a selfie with the document. You can also get verified by scanning a special QR code with your phone. All these features are available in the Verification tab with detailed instructions and FAQs.

• Step 6. Wait for verification to be completed. It may take up to several days. Sometimes moderators contact new clients to clarify some details. The lengthy KYC verification guarantees protection against scammers and fake accounts. As soon as you pass verification, the Not verified notice next to your name will disappear and you will have access to all features of the service.

Technical support

The company’s headquarters are located at the following address: Unit 104, #16 A Street. King’s Park, Belize City. Postal address: 35 Barrack Road, Belize City, Belize. The service has a multichannel call center. You can find the phone numbers in the Contacts section. Also there, you can find three email addresses: general customer support, business and partnerships, and new partnerships, synergy ideas. Make sure you select the right email address, and you will receive the answer to your question promptly. Customer support is available 24/7, with no holidays.

You can also use the tick system to contact Advcash customer support. You will find the form in the Contacts section and receive the response to your email. If you are a registered user, you will have access to direct chat with the support in your user account. Note that there is a link to the Help section in the footer of the website with two sub-sections. The Support sub-section features answers to frequently asked questions. The For Developers sub-section features information on merchant tools, API and payment gateway.