OPERATIONS WITH FIAT CURRENCIES

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The present Conditions regulate operations with the Fiat currency at the site eXion.IO. With regard to regulatory requirements, particularly CDD (Customer Due Diligence) and KYC (Know Your Customer), these conditions impose certain limits onto the operations with the Fiat currency. They are subject to both daily and one-time limits on funds deposit and withdrawal at the site eXion.IO. More details are available on the Finance page at the site eXion.IO.


GENERAL

Deposit and withdrawal of funds in Fiat currency is possible only using the payment cards previously registered and verified in the Cards page at the site eXion.IO. If a payment has been received from a payment card that is different from the card registered and verified by a user at the platform, such payment will be suspended till clasification of the payment circumstances. Yet, this suspension will last at least 48 hours with no notice to the user thereof. eXion.IO reserves the right to run additional checking of such payments by any means legally available, or request additional information about the payment from the user. In case of false information about the payment presented, eXion.IO reserves the right to interpret such user's actions as fraud. In this case the payment along with the user's account will be suspended and the amount of direct or indirect damages of eXion.OI will be debited to this account.


FIRST DEPOSIT OF FIAT CURRENCY

At the first deposit of your account at the site eXion.IO in the fiat currency using a payment card for implementing the CDD policy, withdrawal of any funds, whether fiat or crypto currency ones, from the user's account shall be suspended for 48 hours to ensure compliance with the CDD policy. The suspension time is calculated from the moment of the notification popup "PAYMENT SUCCESS" presented to the user. This limit shall not be applied to all further deposits in the Fiat currency.


DEPOSIT OF FIAT CURRENCY

Depositing funds in the Fiat currency to the user’s account at eXion.IO is possible in several main ways:

  • Payment Card
  • Deposit transaction in the Fiat currency is done by the user from the payment card registered and verified at the site eXion.IO. The choice of which is available in the drop-down list. Successful transaction is confirmed by the popup "PAYMENT SUCCESS". The user's account at the site eXion.IO will be credited with the whole amount excluding the commission fee of the transaction processing center, which is calculated in the modal of a deposit of funds. eXion.IO does not charge any fee for deposit in the Fiat currency.

    Funds are credited to the user's account on the next banking day after the payment day. After this, the funds are available for trading operations and are shown on the user's account. When funds are received by the eXion.IO account, the user gets a corresponding notification to one's e-mail.

    Deposit Transaction in the Fiat currency may be delayed due to bank verifications and checks for a period up to one (1) month. The Terms and Conditions state this in paragraph 10.4.


    Deposit of Card

    The minimum and maximum amounts for depositing Fiat funds are indicated in the operation window.

  • Bank Transfer
  • Depositing funds in the Fiat currency is done via bank transfer to eXion.IO bank details. The user’s account at eXion.IO will be credited with the complete amount transferred excluding the commission calculated in the funds deposit window. This method offers minimum commission for funds deposit.

    Funds are credited to the user's account on the next banking day after the payment day. After this, the funds are available for trading operations and are shown on the user's account. When funds are received by the eXion.IO account, the user gets a corresponding notification to one's e-mail.

    Deposit Transaction in the Fiat currency may be delayed due to bank verifications and checks for a period up to one (1) month. The Terms and Conditions state this in paragraph 10.4. To speed up the procedure of crediting the user’s account with the Fiat funds, the amount of payment shall coincide with the amount indicated in the Invoice.

    To form an Invoice for depositing Fiat currency to the user’s account, in the DEPOSIT window select the Bank Transfer method, indicate the type of the Fiat currency and enter the amount to be transferred. After pressing the INVOICE button, an invoice in the PDF format will be formed, which can further be printed or saved to one’s computer.


    Deposit of Bank

    The minimum and maximum amounts for depositing Fiat funds are indicated in the operation window.


WITHDRAWAL OF FIAT CURRENCY

Withdrawal in the Fiat currency from the user’s account at eXion.IO is possible in several main ways:

  • Payment Card
  • Withdrawal of the Fiat currency is done by the user to the payment card registered and verified at the site eXion.IO. The choice of which is available in the drop-down list. The user guarantees that the funds are withdrawn to the payment card owned by the user. Payment is made during the same day, if confirmed by 16:00 UTC. Otherwise, if confirmed after 16:00 UTC, the payment is processed the next day.

    Transfer of funds in the Fiat currency is made in full excluding the commission fee of the transaction processing center, which is calculated in the modal of a withdrawal of funds. eXion.IO does not charge any fee for withdrawal in the Fiat currency. The user will be notified about the successful transfer of the Fiat funds via e-mail

    Withdrawal Transaction in the Fiat currency may be delayed due to bank verifications and checks for a period up to one (1) month. The Terms and Conditions state this in paragraph 10.4.


    Withdrawal of Card

    The minimum and maximum amounts for withdrawal of Fiat funds are indicated in the operation window.

  • Bank Transfer
  • Withdrawal of the Fiat funds is done to the user’s bank details. Bank details can be obtained from a representative of the bank that issued the user’s payment card. The user guarantees that the funds are withdrawn to the bank account owned by the user. Payment is made during the same day, if confirmed by 13:00 UTC. Otherwise, if confirmed after 13:00 UTC, the payment is processed the next day.

    Transfer of funds in the Fiat currency is made in full excluding the commission fee, which is calculated in the modal of a withdrawal of funds. This method offers minimum commission for funds deposit. The user will be notified about the successful transfer of the Fiat funds via e-mail.

    Withdrawal Transaction in the Fiat currency may be delayed due to bank verifications and checks for a period up to one (1) month. The Terms and Conditions state this in paragraph 10.4.

    To perform the bank transfer in the Fiat currency, in the WITHDRAWAL window select the Bank Transfer method, indicate the type of the Fiat currency and enter the amount to be transferred. Additionally, the bank details shall be filled out:

    • Account number - bank account number for crediting funds.
    • Recipient - payee (full name).
    • EDRPOU - code of the bank.
    • MFO - MFO bank code.
    • Purpose of payment - purpose of payment (indicated in bank details).

    Withdrawal of Bank

    The minimum and maximum amounts for withdrawal of Fiat funds are indicated in the operation window.

You can email us all additional questions to support@exion.io.