FIATO is the mobile phone extension of Kryptono Exchange that allows you total control of your crypto funds and seamless crypto/fiat transfers. With FIATO, you can easily access your crypto on Kryptono Exchange anytime, anywhere, and hedge them to various fiat currencies of your choice. You can also make P2P transfers in crypto or fiat to others within the Kryptono network. It takes just seconds, with no transaction fees or endless sign-ins. In addition, FIATO lets you use your crypto for everyday payment needs in fiat by handling the payment process from checkout to conversion with just a tap.
A FIATO ID is a unique identification for each account. It acts as your address when you send and receive crypto within the FIATO network, facilitating free and instant transactions just by scanning QR codes provided in your FIATO ID. For better convenience, you can save your QR code to the photo library on your device. Your FIATO ID can be found by tapping the QR code symbol on the top right of the main screen. Alternatively, you can manually enter the email address under your FIATO ID when sending crypto on-chain.
To invite your friends to use FIATO app, tap the Account tab found in the bottom menu. Your Referral ID is located just below your FIATO ID. You can tap on it to have it copied to your clipboard and share it with your friends.
To receive crypto off-chain within the FIATO network, you will need to present your FIATO ID to the sender. All they have to do is scan the QR code on your device, or enter it manually, to make instant transfers that are free of charge. Please see how to find your FIATO ID here.
Crypto to USD conversion is processed instantly and securely on FIATO. To convert any crypto available on FIATO to USD, first select the crypto you wish to convert under the “Crypto" tab. Then choose the option convert to USD (as demonstrated below). Next, enter the amount and tap on “Submit” button. As the final step of this process, tap “Confirm” button after checking for correct information.
If you can't scan the QR code, you can enter the code manually by tapping “Enter manually here". You can choose from the drop-down list to send crypto on-chain or off-chain. Fill in the field for the receiver's FIATO ID, which can be found under the “My FIATO ID" tab on their device.
On-chain transactions are transactions that are processed on the main blockchain while off-chain refers to transactions that are not. Within the FIATO network, users can make off-chain transfers that are instant and completely free. However, a standard network fee is applied to on-chain transactions to ensure your transaction confirmation is within a reasonable amount of time.
You can send crypto/fiat within the FIATO without any transfer limit. However, there will be a transfer limit equivalent to 2 BTC applying to your on-chain transactions. If you wish to increase your transfer limit, please submit your verification documents to Kryptono Exchange.
FIATO is a simple and fuss-free way for online merchants to easily onboard cryptocurrency payment options for their customers. It provides seamless and secure cryptocurrency payment solutions for such merchants while granting them full control over their cash flow.
FIATO handles the payment flow from checkout to settlement, providing unique addresses for each order, real-time transparent exchange rates for customers, and a platform for merchants to track and manage their payment history and payouts. Merchants can choose to receive their final payouts in fiat money instead of cryptocurrency.
We charge competitive fees (as low as 0.5%) to convert to or from crypto (more info on pricing here). No hidden fees, and the price is always fair.
Once the payment from a customer is received, it is sent to your wallet immediately. There is no holding. This typically takes only a few minutes. However, delays may occur depending on the blockchain network load. Transactions are aimed to be quick so as to facilitate retention and growth of your sales process, and, at the same time, your customers’ payment convenience.
FIATO does not hold or store your incoming payments - all your funds are sent to your payout address or accounts that only you have control over. You can configure your payout address from your Dashboard (located in Account Settings).
Your payouts will be in USDT and stored in you registered account with Kryptono Exchange. To make withdrawals in USD/EUR, please fill this request form, and we will send the money directly to your designated bank account or PayPal account.