Advanced Cash (AdvCash) is an e-currency and e-payment platform. AdvCash’s goal is to offer you finance solutions at low fees. Users of the platform are provided with a number of services including transactions services via the dashboard and also a card which they can order. Four fiat currencies can be used through the platform which includes the Euro (EUR), Great British Pound (GBP), US Dollar (USD), and the Russian Ruble (RUB).
In terms of the card, there is no maintenance fee associated which is an attractive feature when compared with competitor’s rates. Transaction fees vary based on their type but in many cases, they are lower than competitor rates. If you believe you might be trading off with security and reliability for these lower rates, AdvCash state they employ a data backup system and encryption at the data centre. However, they have not been audited so this cannot be verified.
When it comes to cryptocurrencies, there is support for Bitcoin, Litecoin, Bitcoin Cash, and Ethereum. In terms of cryptocurrencies, this support is not extensive and is very limited. This solution is more tailored for other types of payments. The cryptocurrency community online has also voiced problems with using the cryptocurrency services of AdvCash. Many have complained online that deposited funds never arrived and there was limited support from the AdvCash team when this happened. With these complaints online, the risk of losing cryptocurrency when depositing to AdvCash cards is higher.
- Four fiat currencies including the Russian Ruble
- Zero maintenance fees for cards
- Strong security promised
- Competitive rates when compared with competitors
- Online cryptocurrency community have voiced issues over the depositing and use of cryptocurrencies on the platform
- Support for cryptocurrency is very limited
- Higher risk of losing funds when depositing cryptocurrency