With the increase in Web3 participants, the Kresus crypto SuperApp has enhanced its withdrawal service, now offering users a 0% fee when cashing out USDC, thanks to a partnership with Coinflow Labs.
The on- and off-ramp systems are crucial links between the crypto world and traditional finance. Improving these systems is key to bringing Web3 to the mainstream.
Choosing a complimentary or fee-based withdrawal process lets users control their options, encouraging seamless crypto-to-fiat transitions that could drive wider adoption.
Mass Adoption is Coming
Converting digital money to fiat often means high fees, delays, and limits. Kresus is now offering a no-fee USDC withdrawal solution.
Now, users can turn their crypto holdings from various chains, like Polygon, Solana, and Ethereum, into fiat of their choice, aiding those with non-fiat-supporting web wallets.
A single verification is needed, and then Kresus users can make multiple withdrawals without repeatedly undergoing KYC.
The Kresus SuperApp serves as a gateway into the Web3 realm and is crafted to manage users' digital assets securely. It features an advanced recovery mechanism, non-custodial design, and user-centric experience, enabling smooth asset migration and withdrawals.
By collaborating with Coinflow Labs, this crypto wallet SuperApp allows users to cash out up to $100,000 straight to their bank accounts, free of charge, available across 50 U.S. states.
The Race of Web3 Wallet Developers
Navigating today’s crypto landscape comes with technical hurdles, and developers are easing the user experience to empower crypto owners. Kresus offers an unmatched withdrawal solution by minimizing intermediaries that lead to user costs.
MetaMask, the most widely used self-custodial hot wallet with a robust user base of over 22 million, has launched its new feature , allows ETH to be converted to local fiat types through various 'off-ramp' partners.
To begin, users designate their country and select the cash-out amount. They’ll find a list of 'off-ramp' providers like MoonPay and Transact.
Next, the chosen provider will manage the transaction, converting ETH to fiat and depositing it in users' bank accounts promptly. Furthermore, users can withdraw via PayPal, a MetaMask collaborator.
Even though the process is generally straightforward and affordable, users need to cover gas fees, paid to validators for processing transactions on decentralized networks.
Additionally, they may incur a transaction fee from the cash-out provider, leading to a potentially significant cumulative cost of up to 8%.
Why #Kresus is Your Top Choice for Cashing Out Crypto?
Have you heard about MetaMask's new service enabling ETH sales? It allows you to convert $ETH to $ but at a whopping 5-9% fee!
Why is Kresus the go-to choice for cost-free cryptocurrency withdrawal?
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— Kresus: Crypto & NFT SuperApp (@Kresusofficial) September 8, 2023
Conversely, Kresus employs on-chain technology to eliminate fees as it forgoes cuts and network charges. This is achieved through Coinflow Labs integration, enabling direct crypto offloading from self-custody wallets.
Kresus executes the majority of the withdrawal process on-chain, cutting intermediary costs and helping crypto holders gain maximum value from their digital wealth.
