How to Transfer Money to Xfers Singapore

13 April 2021, I received a message.

“[XFERS] Your Xfers account has been successfully verified. Log in to http://app.xfers.com to see your new limits and features. Please note that you can not make any payment or withdrawal within 48 hours after your first successful top-up.’

So it took one day to approve my application via Binance Singapore… https://adrianvideoimage.blogspot.com/2021/04/how-to-open-binance-sg-account-in.html

What next?

What is Xfers?

• Xfers is a Singapore-based payment processing gateway offering credit card processing and Internet banking transfers. … Each bank transfer payments had to be manually verified via a screenshot-as-proof process.
  https://xfershelp.zendesk.com/hc/en-us/articles/360002831651-What-is-Xfers-

How do I transfer money to Xfers?

1. Sign in to your Xfers account, below the Digital Goods Wallet on the landing page, then choose “Deposit”.
2. Select the wallet that you intend to deposit.
3. If you have more than one bank account registered, pick an account where you will be sending the funds from.
4. Enter an amount not more than the amount designated based on your imposed deposit limit and click “Next” then click “Proceed.
5. You will go to the deposit instructions to get the Xfers’ bank details.
6. If you have made a FAST transfer, click “I’ve transferred” to confirm if your deposit process has been completed.
7. Transfer instructions will be shown. Take note of transfer type, comment/description, and receiving (payee) bank account name and number.
8. Make a FAST transfer from your bank’s mobile app or website.
9. Once done, wait for a few minutes for the transfer to be credited to your Xfers account.
10. Source – https://xfershelp.zendesk.com/hc/en-us/articles/360002390931-How-do-I-deposit-funds-into-my-Xfers-account-

Now let me now transfer money to Xfers.

• Go to http://app.xfers.com as instructed.
• Login in with my email and password. 

It says…
“You’re now fully verified. You can use your Digital Goods Wallet for the purpose of trading XSGD and cryptocurrencies.” What is XSGD? XSGD is the Singapore-Dollar-backed stablecoin issued on a 1:1 basis by Xfers, a major payment institution that is licensed for e-money issuance activity. Xfers is a Singapore-based payments company that is focused on enabling businesses to accept payments and send money…
…each XSGD token is backed by one Singapore-Dollar that is being held and safeguarded in segregated accounts with a licensed financial institution.
https://blog.liquid.com/buy-xsgd-stablecoin-on-liquid Let’s continue…

•  Go to my Digital Goods Wallet and click on Deposit.

•  Added a local DBS bank account.
• Transferred S$500 from DBS to Xfers.
• Xfers says the bank transfer is pending. 
• 7 minutes later, Xfers says the bank transfer is complete.

Now let’s go over to Binance SG and buy some Ether. See the next post.
~ Adrian Lee

PS:

What should I find out more about Xfers?

• Xfers – Singapore, Login, Account, Fees, Binance, Withdrawal Limit, Direct Charge, Withdrawal Fee, Review, Limit, Digital Goods Wallet, Credit Card, Review, Crypto, to DBS, Coinbase, Binance Singapore, Contact Number, Support
• Is Xfers Safe? 
• How to Open an Xfers account?
• How to link Xfers to – Binance Singapore, Coinbase, Gemini, Luno, Coinhako
• How to transfer money – from Xfers to Binance, Binance to Xfers, Coinhako
• How to Open an Xfers account? 
• How to set up Xfers?
• How to withdraw money from Xfers? 
• What is Simple Xfers?