For non-USD holders
You can easily deposit currencies onto the Kinesis monetary platform, using SWIFT or domestic wire transfers.
As the year progresses, Kinesis will continue to expand fiat on-ramping solutions, with enhanced British Pound (£) and Euro (€) depositing options to follow.
For USD holders
ACH transfers are available for all Us dollar depositors.
There are two elements to the cost of the transfer.
- The fixed charge that your sending institution makes (bank, TransferWise, Revolut etc.)
- The exchange rate that you get.
The conversion is done using the mid-rate plus a loading just before the funds are sent to your Kinesis USD Account.
Typically, a UK bank will make a £15-20 fixed change and then apply a 2.75% loading to the mid-rate for GBP/USD.
You can improve significantly on this by using a company like Transferwise to do the conversion and send the international transfer.
If you are going to get Transferwise to convert your currency to USD, then you'll need to select USD as your destination currency.
If you need to breakdown the Address, then these are the components:
- Street: Level 3, 10 Market Street
- City: Brisbane
- State: QLD (=Queensland)
- Post or Zip: 4000