WebMoney

WebMoney is a digital payment service that facilitates large transactions with low fees. Are you curious about which crypto sites accept WebMoney for deposits? Fortunately, we have the answer for you in the top list below.

This payment method is widely accepted across various crypto exchanges, making it a highly convenient option for deposits. WebMoney Transfer Ltd, the company behind the service, was founded in the late 1990s and has continuously enhanced its offerings over the years. Below, you’ll find the best crypto casino sites supporting WebMoney deposits and transfers, followed by trading platforms that also accept WebMoney.

Summary

WebMoney allows transactions via its Android app, Apple app, or desktop version. While it was founded in Russia and primarily uses the Russian ruble, it accepts numerous other fiat currencies. You can create multiple currency wallets, including Euro, GBP, ZAR, CAD, JPY, and USD. The wallet is accessible 24/7, enabling payments at any time.

Below are the key pros and cons you should consider before getting started with WebMoney.

What is WebMoney?

With WebMoney, users’ funds are stored in a “purse,” which represents electronic assets corresponding to the underlying currency. It can be used for peer-to-peer payments, as well as deposits and withdrawals on crypto exchanges. WebMoney charges a minimal fee of 0.8% of the transaction amount.

WebMoney Costs

When using WebMoney for payments, you’ll incur a fee equal to 0.8% of the transacted amount. The minimum transaction fee is 0.01 WM, though this increases if the transaction is confirmed via SMS. WebMoney Transfer does not charge fees for payments made between wallets of the same type within the same WMID.

Transaction Speed for WebMoney

WebMoney is favored for its instant transfers. Ensure your account is verified, as failing to do so may cause delays.

WebMoney Deposits: How to Do It?

1. Log into your crypto exchange account.
2. Navigate to the payment section and choose WebMoney from the available options.
3. Enter the deposit amount and click the confirmation button.
4. Complete the payment with your preferred verification method.

Which Are the Main Countries Where WebMoney is Used?

WebMoney is mostly used by residents of Russia and Ukraine. It also serves customers in some Asian and Eastern European countries, including Armenia, Belarus, Moldova, and Turkmenistan. However, countries like Mali, Afghanistan, Pakistan, the United States, and Iran are excluded from WebMoney’s services.

Can You Withdraw with WebMoney?

Yes, you can withdraw funds from your crypto exchange account to your WebMoney account, and the transaction will typically be processed within a few seconds. If you find this method complicated, you may consider using cryptocurrencies, credit cards, or bank transfers for withdrawals.

Reputation of WebMoney

Most users have had positive experiences with WebMoney, and it has received high ratings on Google Play and the Apple Store. Tens of millions of people rely on this service for payments. However, one common complaint is that many countries have been excluded from its services.

WebMoney FAQ

Here are some frequently asked questions about using WebMoney as a payment method for buying cryptocurrencies:

• Is it safe to use WebMoney for cryptocurrencies? Yes, WebMoney is safe to use, as it incorporates a certification system to prevent fraud. Be cautious of phishing attempts and other forms of fraud, as customer support won’t be able to recover lost funds.
• How do I set up WebMoney? To set up WebMoney, visit www.wmtransfer.com and create an account. You may need to verify your personal details before making transfers.
• Is WebMoney instant? Yes, WebMoney offers instant transactions.
• When was WebMoney founded? WebMoney was created in 1998 during the dot-com boom and was initially developed to help Russian residents make online payments in US dollars.
• Where is the parent company based? The company is headquartered in Moscow, Russia, with offices in several other countries.
• Does WebMoney only work on Apple devices? No, WebMoney works on both Apple and Android devices. It also allows transactions through its website.