Deposit Fiat/Crypto
Last updated
Last updated
The GCB Exchange offers users the ability to seamlessly deposit both cryptocurrencies and fiat currencies through express feature. This feature supports a range of popular fiat currencies, enabling global access and liquidity. Users can easily convert cryptocurrencies into fiat and vice versa, benefiting from competitive exchange rates, instant transactions, and minimal fees. This makes the platform ideal for traders who need to liquidate their digital assets quickly.
These are the following steps to deposit crypto.
Select the coin you want to deposit and ensure you are on the same Blockchain network, Be Careful if the deposit address is not on the same network, you will lose your fund.
Or use our third party Moonpay and AlchemyPay to purchase directly from your card or virtual card.
In a P2P system, users can send and receive money using a secure platform, allowing them to trade cryptocurrencies or convert them to fiat currency easily. The process works by allowing users to connect with each other on a marketplace or platform where they can create and accept offers for buying or selling digital assets. Once both parties agree on the terms, the transaction is processed securely, ensuring that funds are transferred quickly and efficiently.
One of the main advantages of P2P transfers for users is the increased flexibility and convenience they offer. Users can transact at their preferred times, often with lower fees compared to traditional banking methods. Additionally, P2P transfers provide a more accessible way to trade cryptocurrencies, enabling users to exchange funds directly with others in their network. This direct exchange can lead to faster transactions and greater control over the process, enhancing the overall user experience.
Find people near you and trade freely and securely,
https://otc.gcbex.com/en_US/assets/otcAccount
At GCB, we make depositing funds into your GCB account effortless and secure. Whether you're receiving payments from others or transferring money from your own accounts, our platform ensures that deposits are processed quickly and efficiently. With GCB, managing your funds is straightforward, giving you the flexibility to top up your account and access your money whenever you need it.
At GCB, we’re committed to making your financial transactions as smooth as possible. That’s why we have a network of trusted agents, our employees are located globally and they ready to help with deposits and withdrawals from your GCB accounts. Whether you’re near or far, our agents ensure that your transactions are handled securely and efficiently, giving you peace of mind.
This flowchart outlines the process for handling a deposit into a GCB account:
Deposit: A user initiates a deposit.
The Assets get added to the liquidity
Automatic Verification: The transaction pass through an algorithm that checks with the transactional history.
Two possible outcomes from verification:
If the user passes verification and is compliant with Anti-Money Laundering (AML) regulations, the transaction successful.
If the user does not pass the automatic check, the information get transferred to our manual check.
Manual Verification: The information get transferred and managed by GCB risk management team.
Three possible outcomes from verification:
If there's uncertainty ("Maybe"), The information is re-analyzed by the risk management team to reassess the legitimacy of the transfer.
If the user passes verification and is compliant with Anti-Money Laundering (AML) regulations, the account get whitelisted.
If the user is not compliant, the information is sent to relevant authorities for further review.
Decision Points: If the account is in good standing ("Yes"), it proceeds to be "in the green."
End: Once all checks are cleared, the process concludes successfully.
To ensure compliance with international regulations, users must complete a Know Your Customer (KYC) process before they can access crypto-to-fiat conversions. The KYC process involves verifying the identity of users by collecting essential information, such as government-issued identification, proof of address, and other relevant personal details. This step is crucial for preventing fraud and money laundering, ensuring that all transactions meet legal requirements.
In addition to the KYC process, GCB has integrated secure payment gateways to facilitate both withdrawals and deposits efficiently. These payment gateways enhance transaction security, providing users with a safe and streamlined experience when managing their funds. By implementing robust KYC measures alongside secure payment processing, GCB upholds its commitment to regulatory compliance and customer safety.
