FAQs
Everything you need to know about the product or invoicing.
What is Binamite?
Binamite is a modern payment rail that transmits money across borders without using the fee and time consuming banking networks. On Binamite, your money is teleported to the destination currency on the blockchain and in real-time!
Why do I need to complete KYC?
Binamite is regulated for your safety and to ensure that, all users have to complete an instant verification before using the platform.
How to use Binamite?
Binamite can be used to send funds for freelancer/vendor payments, and to friends and family abroad. Sign up to access the 'Invoice', 'Request for Payment' and 'Direct Payments' on Binamite.
1. Invoice: Freelancers and vendors can create and send invoices to payers, and get paid in their preferred currencies.
2. Request for Payment: Raise a payment request for other small payment needs.
3. Direct Payments: Payers can pay without receiving an invoice or request for payments here.
How can I get paid?
To get paid, you can “Create Invoice” from your dashboard or the invoices tab. While creating the invoice, you can choose the mix of crypto/fiat that you wish to receive payments in.
After the invoice is paid, the relevant crypto/fiat balance will reflect on your Binamite account. You can then withdraw your funds into your crypto wallet and/or bank account through the payouts tab.
How can I withdraw funds to my bank account?
To withdraw funds, head to the Payout section on your Binamite account. Here, you can see two tabs, one for crypto payout and another for local bank payout. Add your wallet and bank details to get paid out accordingly.
Why is my balance denominated in USD?
In the process of getting paid, your funds may be crossing borders and currencies. Hence, to maintain uniformity all amounts are denominated in dollars. Rest assured, during bank payout you shall receive funds in your local currency.
What crypto currencies are supported?
Currently, we support Bitcoin, Ethereum, USD Coin and USD Tether.
What countries are supported?
Payments from and payments to most countries are supported by Binamite.
Why can’t I see my crypto wallet address?
Crypto wallet addresses will be revealed after the user has completed the KYC. Head to your profile section to get verified in a few simple steps.
Which countries are supported by Binamite?
Binamite is supported in all non-sanctioned countries. Payout methods may vary by country.