Volet is a popular fiat on-ramp used by many crypto exchanges as a 3rd party payment gateway. On Volet you can purchase crypto such as Bitcoin or Ethereum with local bank transfers and Visa or Mastercard cards.
Deposit and purchase fees
| Account Load Method | Fee | Currency |
|---|---|---|
| Transfer from personal account | No fee | USD, EUR + others |
| Local bank transfer | No fee | AED, ARS, BRL, CLP, COP, EUR, IDR, INR, KES, MXN, MYR, NGN, PEN, PHP, THB, TRY, VND |
| Visa / Mastercard cards | 3.5% | USD, EUR, GBP, KZT, TRY |
| Crypto | No fee | BTC, ETH, TON, BNB, SOL, POL, AVAX, LTC, BCH, XRP, TRX, DASH |
| Stablecoins | From 0.5 USD | USDT (TRC20, ERC20, BEP20, SOL, POL, AVAX, ARB, OP, TON), USDC (ERC20, BEP20), EURC (ERC20) |
Local bank transfers are available in certain countries of the European Union in EUR (Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Portugal, Slovakia, Slovenia, Spain).
Non-European countries where bank transfers are supported include India, Turkey, UAE, Mexico, Vietnam, Indonesia, Nigeria, Chile, Colombia, Peru, Brazil, Kenya, Thailand, Malaysia, Philippines and Argentina (in national currencies of these countries).
In other supported countries, users can deposit only through Visa and Mastercard cards.
Account Withdrawal Fees
| Withdrawal Method | Fee | Currency |
|---|---|---|
| Transfer to personal account | No fee | USD, EUR + others |
| Cross-border local bank transfers | From 0.5% | AED, ARS, AUD, BDT, BRL, CAD, CNY, EUR, COP, DOP, HKD, INR, IDR, KRW, JPY, LKR, MAD, MYR, NPR, NZD, PEN, PKR, PHP, SGD, THB, TRY, ZAR, VND + Others |
| Cross-border SWIFT transfers | 0.5% + 25 USD | USD |
| Visa / Mastercard cards | 3.5% + 3 USD | USD |
| 3.5% + 3 EUR | EUR | |
| 3.5% + 300 KZT | KZT (Kazakhstan) | |
| 3.5% + 1 AZN | AZN (Azerbaijan) | |
| 3.5% + 50 TRY | TRY (Turkey) | |
| Crypto | Network fee | BTC, ETH, TON, BNB, SOL, POL, AVAX, LTC, BCH, XRP, TRX, DASH |
| Stablecoins | 0.5% + Network fee | USDT (TRC20, ERC20, BEP20, SOL, POL, AVAX, ARB, OP, TON), USDC (ERC20, BEP20) |
Overview of fees deposit and withdraw fees for personal accounts can be found on Volet’s website here.
Volet does not charge any additional fees or costs for creating or closing an account, and has no verification, monthly or annual maintenance fees. However, accounts without transaction history in 6 months will be charged $1 per month.
Is Volet Good For Buying Crypto?
When buying crypto on Volet, it’s important to pay close attention to the quoted prices. Even though their fees clearly states the fee for buying crypto with cards is 3.5%, the live calculator on the website shows a significant discrepancy in prices:
Buying USDT with USD had more than a 10% fee at times. At the same time, buying USDC via BEP20 cost 4.5% in fees. We’re not sure where these massive price differences come from, so caution is advised when purchasing to ensure reasonable prices. Swap between different crypto assets to ensure spreads and quotes are within your acceptable margins.
As is the case with some 3rd party gateways, fees can be unclear and high. However, Volet.com offers a simple and easy to use crypto on-ramp and off-ramp, allowing you to deposit and withdraw fiat from and to your bank account.
Virtual and Physical Visa & Mastercard
In addition, Volet also provides a digital and physical Visa and Mastercard in EUR and USD. Some cards are only available in EEA (European Economic Area), while some are available internationally. In case you do not want to withdraw money to your bank account, you can alternatively use the cards to spend your assets.
FAQs:
Is Volet Safe?
Volet is perfectly safe. This is a reputable financial services company operating since 2014. This is a well-known and trusted fiat gateways used by many crypto traders, and implemented into multiple large crypto exchanges.
Does Volet require KYC?
Volet will require a KYC process separate from an exchange. Due to their privacy policies, crypto exchanges will only share limited data with 3rd parties. Know-Your-Customer data will not be shared, meaning you will need to undergo additional identity verification on Volet even if you use is through a crypto exchange.
Conclusion
Using Volet to buy crypto is accessible, convenient and safe. Many exchanges implemented this service as a 3rd party gateway to on-ramp users and fund their accounts. On the downside, fees can in some cases be unreasonably high, and spreads can significant reduce your assets.
For most users, using an exchange with direct bank or card deposits will be cheaper and even more convenient. For users with fewer on-ramp options, Volet provides a crucial service.
