What is ‘send-to-email’?
The ‘send-to-email’ feature enables Kinesis users to send digital assets to other account holders, as well as outside of the Kinesis Monetary System, simply by using a recipient’s email address. This means that payments can be made to current users and those that are not yet registered on the Kinesis platform.
Do I need to be a Kinesis Money account holder to receive funds transfers using the Send-to-email feature?
Send-to-Email funds transfers can be sent to everyone within the Kinesis Monetary System, as well as outside of the system (eg. to potential new users), as long as the sender knows the recipient's email address.
However, to accept transfers and receive sent funds, the recipient is required to create an account within the Kinesis Money System. The recipient is forwarded to the sign-up page, at the moment of accepting the transfer, by clicking the link in the email.
Upon signing up to KMS, the receiver is deemed as referred by the sender.
What cryptocurrencies can I transfer with ‘send-to-email’?
With ‘send-to-email’, users can transfer all cryptocurrencies listed on the Kinesis Exchange, which are shown in the table below:
In the future, additional cryptocurrencies will be added.
Please note that the withdrawal fee for Kinesis Velocity Token (KVT) is charged in Ethereum (ETH).
Can I send fiat currencies via email?
No, the ‘send-to-email’ function is built specifically for the transfer of cryptocurrencies. This means that transferring fiat is not possible using the ‘send-to-email’ function.
Can I still send to ‘Contact’, ‘Wallet’, and ‘Address’?
Yes, you can still send crypto via other sending options available on the Kinesis Money platform. However, ‘send-to-email’ is a faster alternative for users, since it requires minimal information about the recipient.
Can I receive a Referrer’s yield by inviting new users to the Kinesis Monetary system?
Through the ‘send-to-email’ feature, the existing account holders will be able to invite new, potential users onto the Kinesis Money platform, making the sender automatically eligible to receive the Referrer’s yield.
If a recipient, who did not previously hold a Kinesis account, accepts the funds and creates an account, the sender becomes eligible for the Referrer’s yield.
The Referrer’s yield entitles the sender to a 7.5% share of every single one of the referee’s Kinesis transaction fees.
Find out the benefits of the Referrer’s yield here.