TokenSpot assists businesses in using crypto to support their operations. If your company receives payments from counterparts in crypto and would like to trade crypto for RUB, USD or KGS and receive fiat currency to its bank account, here is what you need to do:
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Sign up and Undergo Full Account Activation
Create an account → press to create an account
Link a phone number → press to link a phone number
Enable two-factor authentication → press to enable google authenticator
Undergo remote customer onboarding → press to learn about customer onboarding
See our detailed guide on full account activation → press to view the guide
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Receive Crypto from Counterparts to Your TokenSpot Account
Provide your business partners with your wallet address and network name for transferring crypto.
Your wallet address is displayed on your Wallet page whenever you select your preferred cryptocurrency and network.
See our detailed guide on topping up with crypto → press to view the guide
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Trade Crypto for Fiat
With crypto coins on your balance, you can trade them for fiat currency on our website’s Trade page.
We support the following fiat currencies: RUB, USD, KGS.
Pick the trading pair you want, press ‘Sell’ and trade crypto for virtual fiat.
You can sell crypto by posting a market order, which will be filled instantly at the best price currently available, or a limit order at your price, and it will be filled once another user buys crypto at your ask price.
Once your order is filled, the fiat currency will be credited to your balance and appear on your Wallet page.
See our detailed guide on trading crypto for fiat → press to view the guide
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Withdraw Fiat to Your Bank Account
Once you have traded crypto for fiat currency on the spot market, you can withdraw the fiat currency to your company’s bank account in RUB, USD or KGS.
Submit a withdrawal request using our website’s Wallet page, specifying your preferred fiat currency and providing your bank details.
Fiat withdrawal requests are processed on weekdays in accordance with bank operating hours in the Kyrgyz Republic.
Average payment processing time is 1 to 5 days.
See our detailed guide on withdrawing fiat currency → press to view the guide
You will find our fee rates and minimum withdrawal amounts here.
We can provide you with an Account Statement summarizing your transactions for financial reporting purposes upon request. You can request such a statement through your Personal Manager.
Should you have any questions, feel free to contact our 24/7 Customer Support team using our website chat widget, our Telegram support bot @tokenspot_support_bot, or email [email protected].