How to Withdraw from YourSafe/Bitsafe -Verotel for Less Than a Dollar!

Admin By Admin 8150 views

How to Withdraw from YourSafe/Bitsafe -Verotel for Less Than a Dollar!

So, you have made some sales and received some KinkCoins from your loyal customers, YAY! Then you request a free withdrawal from ATW/MTW to your YourSafe/Bitsafe account and receive your dollars in YourSafe/Bitsafe. Great!

But then, when you try to withdraw these to your account from YourSafe/Bitsafe you realise that unless you already have an EUR or USD account you will need to pay a large fee (€25) to withdraw your funds which basically wipes out most of your profits. Frustrating right?

Update: If you have a GBP account you can initiate a 'SEPA transfer' directly to your UK bank account (there may be a small conversion fee charged by your bank).

The Solution

Not to worry there is a solution that you will only need to set up once & will only cost 75c per withdrawal.

The Steps required

  1. Create a multi-currency account (Transferwise, Revolut)
  2. Find your EUR Account Number (IBAN) within your account
  3. Log into YourSafe/Bitsafe and select ‘Transfer Money’
  4. Then choose ‘SEPA transfer (EUR)’ and use the EUR IBAN to withdraw directly to your account

Then at this point, you have 2 options to manage your money which include;

  • Converting from EUR to your desired currency and transferring the funds to your main account
  • Spend directly with the Free bank card that comes with the account

Why It's Worth The Effort...

We appreciate the effort to set this up initially takes a bit of work but once set up all future payments will be quick & seamless.

It’s important to realise why we have introduced KinkCoins and the benefits it provides for our members. These include;

  • Stopping accounts being shut down and money seized by Paypal, Stripe, CashApp, and Venmo due to the nature of the business we are in.
  • Avoiding personal information being exposed using external payment providers. (e.g. Paypal, bank transfer).
  • Help with restrictions on payment services that are not available in certain countries.

An Added Bonus

You may not know this but Multi-currency cards are super easy to use and will give you a substantially better exchange rate than banks with no hidden fees. So next time you are on holiday you could save yourself some extra money!

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