digital wallet service

How to use LATOKEN

What is LATOKEN

LATOKEN is a cryptocurrency exchange platform that allows users to trade a variety of digital assets, including cryptocurrencies, tokens, and fiat currencies. The platform was founded in 2017 and is based in Singapore.

In addition to trading, LATOKEN offers other features such as a digital wallet, OTC (over-the-counter) trading, and token issuance services. The platform also hosts Initial Exchange Offerings (IEOs) where users can invest in newly launched tokens directly through the platform.

LATOKEN aims to provide fast and secure trading services, with a user-friendly interface and low trading fees. The platform supports multiple languages and offers customer support through various channels, including email and live chat.

The history of LATOKEN

LATOKEN is a relatively new player in the cryptocurrency exchange market, having been founded in 2017 by Valentin Preobrazhenskiy. Preobrazhenskiy is a Russian entrepreneur who previously worked in investment banking and fintech before starting LATOKEN.

The platform launched its beta version in August 2017 and began offering trading services for various cryptocurrencies and tokens. It quickly gained traction among the crypto community due to its low trading fees and a wide range of trading pairs.

In December 2017, LATOKEN raised $8 million in a successful initial coin offering (ICO) to fund its development and expansion plans. The company continued to grow, adding new features such as OTC trading and a digital wallet.

In 2018, LATOKEN also started offering token issuance services, allowing companies to launch their own tokens and list them on the exchange. The platform also began hosting Initial Exchange Offerings (IEOs), where users can invest in newly launched tokens directly through the platform.

Today, LATOKEN is one of the fastest-growing cryptocurrency exchanges, with over 1.3 million registered users and over 350 trading pairs. The platform has offices in Singapore, the United States, and Europe, and continues to expand its services and offerings to meet the growing demand for cryptocurrency trading and investment opportunities.

How LATOKEN works

LATOKEN operates as a centralized cryptocurrency exchange platform. This means that all the trades on the platform are facilitated through the exchange’s order book, which matches buy and sell orders from different users.

When a user places an order on LATOKEN, it is first verified by the platform’s system to ensure that it meets the necessary requirements. Once verified, the order is added to the order book, where it waits for a matching order from another user.

When a matching order is found, the platform executes the trade and updates the order book accordingly. LATOKEN charges a small fee for each trade, which is deducted from the user’s account balance.

LATOKEN uses an algorithmic trading system that facilitates fast and efficient trades on the platform. The algorithm takes into account various factors such as market conditions, order book depth, and liquidity to ensure that trades are executed quickly and at the best possible price.

In addition to trading, LATOKEN also offers other features such as a digital wallet, token issuance services, and OTC trading. The platform’s digital wallet allows users to store and manage their cryptocurrency assets, while the token issuance service enables companies to launch their own tokens and list them on the exchange.

Overall, LATOKEN is designed to provide a fast, secure, and user-friendly platform for cryptocurrency trading and investment, with a range of features and services to meet the needs of a diverse user base.

Can LATOKEN be trusted

As a cryptocurrency exchange, LATOKEN has received mixed reviews from users and industry experts. While the platform has several positive features, there have also been some concerns regarding its security and customer support.

On the positive side, LATOKEN has a user-friendly interface, low trading fees, and a wide range of trading pairs. The platform also offers other features such as a digital wallet, token issuance services, and OTC trading, which add to its appeal.

However, some users have reported issues with the platform’s customer support, including slow response times and unhelpful responses. There have also been concerns about the platform’s security, with some users reporting instances of hacked accounts and stolen funds.

That being said, LATOKEN has taken steps to address these concerns and improve its services. The platform has implemented various security measures such as two-factor authentication, email confirmation, and SSL encryption to protect user accounts and transactions. It has also increased its customer support team to address user concerns more quickly and effectively.

Overall, while there have been some concerns about LATOKEN’s security and customer support, the platform has taken steps to address these issues and has several positive features that make it a viable option for cryptocurrency trading and investment. However, users should always exercise caution when using any cryptocurrency exchange and take steps to protect their assets.

Does LATOKEN charge a fee

Yes, LATOKEN charges fees for trading and other services offered on its platform. The fee structure is relatively simple and transparent, with the fees varying depending on the specific service being used.

For trading, LATOKEN charges a maker-taker fee model, which means that the fees differ depending on whether the user is providing liquidity (maker) or taking liquidity (taker) from the order book. The maker fee is typically lower than the taker fee. The trading fees range from 0.1% to 0.2%, depending on the trading volume and the user’s membership level.

LATOKEN also charges fees for other services such as token issuance, OTC trading, and digital wallet services. The fees for these services are generally lower than the trading fees and vary depending on the specific service being used.

Overall, while LATOKEN charges fees for its services, the fees are relatively low compared to other cryptocurrency exchanges, which can make it an attractive option for users who want to trade cryptocurrencies and tokens at a lower cost.

How to use LATOKEN

Here is a step-by-step guide on how to use LATOKEN:

1. Sign up: To use LATOKEN, you need to create an account on the platform. Go to the LATOKEN website (latoken.com) and click on the “Register” button. Enter your email address, password, and other required details to create your account.
2. Verify your account: Once you have created your account, you need to verify your identity to use the full range of services offered by LATOKEN. Click on the “Verify” button on the top right-hand corner of the screen and follow the instructions to complete the verification process.
3. Add funds to your account: To start trading, you need to add funds to your account. Click on the “Deposit” button on the top right-hand corner of the screen, choose the currency you want to deposit, and follow the instructions to transfer funds to your LATOKEN account.
4. Start trading: Once you have added funds to your account, you can start trading cryptocurrencies and tokens. Click on the “Trade” button on the top left-hand corner of the screen and select the trading pair you want to trade. Enter the amount you want to buy or sell, and click on the “Buy” or “Sell” button to place your order.
5. Withdraw your funds: If you want to withdraw your funds from your LATOKEN account, click on the “Withdraw” button on the top right-hand corner of the screen, choose the currency you want to withdraw, and follow the instructions to transfer funds to your external wallet.

Overall, using LATOKEN is relatively straightforward, and the platform has a user-friendly interface that makes it easy for users to buy, sell, and trade cryptocurrencies and tokens. However, it’s important to note that cryptocurrency trading is a high-risk activity, and users should always do their own research and exercise caution when investing in cryptocurrencies.

If you need to exchange currency or, maybe, buy crypto you can always use a trusted WELLCOINEX.COM exchange!

Samsung Pay: mobile payment and digital wallet service

What is Samsung Pay

Samsung Pay is a mobile payment and digital wallet service developed by Samsung Electronics that allows users to make payments using their Samsung smartphones, tablets, and smartwatches.

It uses both near-field communication (NFC) and magnetic secure transmission (MST) technology to make payments, which enables it to work with both traditional magnetic stripe card readers and newer contactless payment terminals.

Users can add credit and debit cards, as well as loyalty cards, to the service and make payments by holding their device near the card reader.

The history of Samsung Pay

Samsung Pay was first announced by Samsung Electronics in March 2015 and was initially launched in South Korea in August of that year. It later expanded to the United States in September 2015 and to China in March 2016.

The service uses both NFC and MST technology to make payments, which allows it to work with a wide range of card readers, including those that only support magnetic stripe cards. Samsung Pay also includes a feature called “Samsung Pay Mini” which allows users to make payments using QR codes.

In 2017, Samsung Pay was made available in more than 20 markets worldwide, including Spain, Singapore, Russia and Brazil. In addition, Samsung Pay was also made available on non-Samsung devices like Gear smartwatches and tablets.

In 2020, Samsung Pay announced that it reached a total of 100 million registered users. Samsung Pay continues to expand its services, including online payments in some regions, and has partnerships with various financial institutions and retailers.

Samsung Pay is available in a variety of countries worldwide, with varying levels of support and availability. The availability of Samsung Pay is subject to change, and it’s best to check the Samsung Pay website or contact Samsung support for the most up-to-date information.

As of 2021, Samsung Pay is available in some countries in Asia, Europe, Africa, and America. Some of the countries where Samsung Pay is available include:

• South Korea
• United States
• China
• Spain
• Singapore
• Russia
• Brazil
• India
• Malaysia
• Thailand
• Australia
• Canada
• Mexico
• UAE
• South Africa

It’s important to note that availability of Samsung Pay may vary depending on the device and the carrier you are using. Additionally, the features available in each country may vary depending on the region and the local regulations.

It’s always good to check the Samsung Pay website or contact Samsung support for the most up-to-date information on the availability of Samsung Pay in your country.

How Samsung Pay works

Samsung Pay works by using near-field communication (NFC) and magnetic secure transmission (MST) technology to make payments. Users can add credit and debit cards, as well as loyalty cards, to the service and make payments by holding their Samsung device near the card reader.

Here is a step-by-step guide on how to use:

1. Open the Samsung Pay app on your Samsung device.
2. Add a credit or debit card to the app by taking a photo of the card or manually entering the card information.
3. Verify your card by entering a one-time code sent to your email or phone number.
4. To make a payment, open the Samsung Pay app and select the card you want to use.
5. Hold the back of your Samsung device against the card reader at the point of sale. The device will emit a sound to indicate that the payment has been made.
6. Some terminals may require you to confirm the payment by entering a pin or signing a receipt.

Samsung Pay also allows you to use your device for in-app or online payments, and with Samsung Pay Cash, you can also send and receive money to other users.

It’s important to note that Samsung Pay uses tokenization to protect your card information, it creates a unique token that replaces your card number to be used for transactions, so your sensitive information never touches the merchant’s systems.

Can Samsung Pay be trusted

Samsung Pay is a widely used and well-established mobile payment service, and it is generally considered to be a safe and secure way to make payments. The service uses multiple layers of security to protect user’s information and transactions.

One of the key features of Samsung Pay is tokenization, which replaces your card number with a unique token for each transaction. This ensures that your sensitive information never touches the merchant’s systems, reducing the risk of fraud.

In addition to tokenization, Samsung Pay also uses fingerprint authentication or a pin code to confirm payments, which adds an additional layer of security. The service also uses encryption to protect your data and transactions.

Samsung Pay also offers a feature called “Find My Mobile” which allows you to remotely lock or wipe your device in case it gets lost or stolen.

As with all mobile payment services, it is important to keep your device and apps updated with the latest security patches and to be cautious when downloading apps or clicking on links that may be malicious. In general, Samsung Pay is considered to be a safe and secure way to make payments, but it is always good to be aware of potential risks and take appropriate precautions.

Does Samsung Pay charge a fee

In general, Samsung Pay does not charge any additional fees for using the service to make payments. Users will be subject to any fees that may be imposed by their financial institution or card issuer when using the service. Some banks may charge for transactions made through Samsung Pay, but it varies from bank to bank.

For transactions made with Samsung Pay Cash, standard fees may apply for some features, such as ATM withdrawals, foreign currency transactions, and cashback.

It is important to check with your financial institution or card issuer to see if they charge any fees for using Samsung Pay or to check the fees schedule on Samsung Pay website. Keep in mind that there may also be fees associated with using certain features or services within the Samsung Pay app, such as ATM withdrawals or foreign currency transactions.

Can I exchange currency using Samsung Pay

Service does not have a built-in currency exchange feature. However, if you have a card that supports foreign currency transactions, you may be able to use Samsung Pay to make payments in other currencies while you are traveling abroad.

Keep in mind that there may be additional fees associated with making foreign currency transactions with your card, such as foreign transaction fees. It’s best to check with your financial institution or card issuer to see if they charge any additional fees for using Samsung Pay to make foreign currency transactions.

Another option can be using Samsung Pay Cash, which allows you to send and receive money to other users. Depending on the region and the country you are in, the money can be sent to a bank account, or to a mobile wallet, and it could be used for local purchases.

It’s important to note that if you want to exchange currency, you should use a currency exchange service or bank, as they will generally have better exchange rates and lower fees than other options.

Can’t use Samsung Pay in your country? Use WELLCOINEX! The safest way to exchange currency!

Step-by-step guide on how to use Masterpass

What is Masterpass

Masterpass is a digital wallet service offered by Mastercard that allows users to securely store their credit, debit, and other payment information in one place. This allows users to make purchases online or in-store using their stored payment information, without the need to enter it manually each time.

Additionally, Masterpass can also be used to make in-app purchases and for peer-to-peer transactions. It is a digital wallet that can be used for online, in-app, and in-store purchases.

The history of Masterpass

Masterpass was first launched in 2013 by Mastercard as a digital wallet service. Initially, it was only available to a select group of banks and merchants, but over time it has been made available to a wider range of financial institutions and merchants.

In 2017, Mastercard rebranded MasterPass to Mastercard Masterpass, and expanded the service to be used for in-app payments, peer-to-peer transactions, and more.

In 2018, the service expanded the usage of Masterpass to allow users to make payments in physical stores through contactless payments, QR codes and more.

Mastercard continue to expand the usage of Masterpass by adding features such as loyalty program integration and enabling payments via virtual reality experiences.

Today Masterpass is widely used for online, in-app, and in-store payments, as well as for peer-to-peer transactions and more.

How Masterpass works

Masterpass works by allowing users to store their payment information, such as credit and debit card information, in a secure digital wallet. When a user wants to make a purchase, they can select the Masterpass option at checkout and sign in to their account. The stored payment information will then be automatically populated, and the user can confirm the purchase.

This makes the purchasing process faster and more convenient, as the user does not have to manually enter their payment information each time.

Masterpass can also be used for in-app purchases, peer-to-peer transactions and in-store payments.

In-app purchases, customers can use their stored payment information to make purchases within mobile apps, without the need to manually enter payment information.

For In-store payments, Masterpass enables customers to make contactless payments with their mobile devices, pay with QR codes or even use their Masterpass cards.

For peer-to-peer transactions, Masterpass allows users to send and receive money from other Masterpass users using their stored payment information.

Overall, Masterpass is a secure and convenient way to store and use payment information for various types of transactions.

Can Masterpass be trusted

Masterpass, like all digital wallets and payment services, is designed to be secure and protect users’ personal and financial information. Mastercard uses various security measures to protect users’ information, such as encryption, tokenization, and secure servers.

Masterpass uses encryption to protect users’ payment information as it is transmitted and stored. This means that the information is converted into a code that cannot be read by unauthorized parties.

Additionally, it uses tokenization, which replaces sensitive information with a unique code, or token, that can be used for transactions without exposing the actual information.

Mastercard also maintains compliance with industry standards such as PCI-DSS, which is a set of security standards for organizations that handle credit card information.

While no system can be completely foolproof, Mastercard takes security seriously and continues to invest in new technologies to protect users’ personal and financial information. However, as with any digital wallet or payment service, it’s important to be vigilant and monitor your account for any suspicious activity.

In summary, Masterpass is a secure and trusted option for storing and using payment information, but it’s important to be aware of the potential risks and take steps to protect your information.

Does Masterpass charge a fee

Mastercard does not typically charge a fee for using Masterpass. However, some merchants or financial institutions may charge a fee for using certain features or for certain types of transactions. It is always best to check with the merchant or financial institution you are using for any additional fees.

It’s worth noting that, depending on the bank or financial institution that issued your credit or debit card, there may be fees associated with using that card through Masterpass. It is also best to check with your bank or financial institution regarding any potential fees that may be associated with using Masterpass.

In general, most merchants and financial institutions do not charge any additional fees for using Masterpass, making it a cost-effective option for securely storing and using payment information.

Can I exchange currency using Masterpass

Masterpass can be used to make purchases in different currencies, but it does not have a built-in currency exchange feature.

When you make a purchase with Masterpass, the transaction will be processed in the currency that is accepted by the merchant. If the currency of the merchant is different from your card’s currency, your card issuer will perform the currency conversion for you.

The exchange rate and any associated fees will be determined by your card issuer.

Masterpass does not have a built-in function to exchange currency, if you are looking to exchange currency, you may need to look into other platforms such as currency exchange bureaus or online platforms that offer currency exchange services.

It’s worth noting that some merchants may not accept service in certain countries, it’s always best to check with the merchant or financial institution you are using for any additional fees or limitations.

Step-by-step guide on how to use Masterpass

Here is a step-by-step guide on how to use Masterpass:

Step 1: Sign up:

• Visit the Masterpass website and sign up for an account.
• You will need to provide your personal and financial information to set up your account.

Step 2: Add Payment Information:

• Once your account is set up, you can add your credit or debit card information to your Masterpass wallet.
• You can also add multiple cards to your account if desired.

Step 3: Make a Purchase:

• When you are ready to make a purchase, look for the Masterpass logo at checkout.
• Select the Masterpass option and sign in to your account.
• Your stored payment information will be automatically populated, and you can confirm the purchase.

Step 4: In-App Purchases:

• For in-app purchases, look for the Masterpass logo within the app.
• Select the Masterpass option and sign in to your account.
• Your stored payment information will be automatically populated, and you can confirm the purchase.

Step 5: In-Store Payments:

• For in-store payments, look for the Masterpass logo on the terminal.
• Select the Masterpass option and sign in to your account.
• Your stored payment information will be automatically populated, and you can confirm the purchase.

Step 6: Peer-to-peer transactions:

• The service allows users to send and receive money from other users using their stored payment information.
• To make a payment, you will need the email or mobile number of the recipient.
• Sign in to your account, enter the recipient’s information, and confirm the payment.

Please note that the process may vary depending on the merchant or financial institution you are using. Always refer to the instructions provided by the merchant or financial institution.

It’s also worth noting that you will need to have a account or a debit/credit card that is enabled for Masterpass.

Not sure if Masterpass fits you well? You can use WELLCOINEX to buy crypto or exchange currency safely!

Online payment service Visa Checkout

What is Visa Checkout

Visa Checkout is an online payment service that allows customers to make purchases on participating websites using a single login. It simplifies the checkout process by storing the customer’s shipping and billing information, so they don’t have to enter it each time they make a purchase.

It also provides an added layer of security by using a two-factor authentication process. Visa Checkout is accepted at a growing number of online retailers, including major retailers such as Best Buy, Neiman Marcus, and Expedia.

Visa Checkout was first introduced in 2013 as a pilot program in the United States and Canada, before being launched globally in 2014. The service was designed to make online shopping more convenient and secure by allowing customers to pay with just a few clicks, without having to enter their payment and shipping information each time.

With a single login, customers can store their information and use it to quickly complete purchases at any participating retailer.

The service was built on the foundation of the Visa Wallet, which was an earlier mobile payments service developed by Visa. The Visa Wallet was retired in 2016 and its features were integrated into Visa Checkout.

Since its launch, it has been adopted by a growing number of online retailers and e-commerce sites, including many major retailers such as Best Buy, Neiman Marcus, and Expedia.

As of 2021, Visa Checkout has been rebranded as Visa Direct, which allows user to make payments through the internet and mobile devices, allowing merchants to easily integrate payments and customers to make purchases with a single click.

How Visa Checkout works

Visa Checkout (now Visa Direct) is a digital wallet service that simplifies the process of paying for online purchases. This allows customers to securely store their payment and shipping information in one place so they don’t have to enter it every time they make a purchase.

Here’s how it works:

1. The customer creates a Visa Checkout account by providing their name, email address, and password, and then adds billing and shipping information.
2. When a customer is ready to make a purchase on a participating merchant’s website, they click the Visa Checkout button at checkout.
3. Customers are asked to log into their Visa Checkout account and confirm payment details.
4. The customer completes the purchase by clicking the “Checkout” button.
5. The payment is processed through Visa’s secure network and the buyer receives a confirmation of purchase.

Visa Checkout also includes two-factor authentication for an added layer of security, requiring customers to enter a one-time code sent to their mobile phone or email address before making a purchase.

In addition, Visa Direct enables payments through mobile devices and also allows merchants to easily integrate payments and help customers complete purchases with a single click or a single touch.

Can Visa Checkout be trusted

Visa Direct is a widely used and trusted online payment service. It is provided by Visa, one of the largest and most well-established payment companies in the world. Visa has a reputation for providing secure and reliable payment services, and Visa Checkout is no exception.

Visa Checkout uses a number of security measures to protect customer information and prevent fraud. These include:

• Encryption: All sensitive information, such as payment and shipping details, is encrypted and stored on secure servers.
• Two-factor authentication: Customers are required to enter a one-time code sent to their mobile phone or email address before completing a purchase.
• Fraud monitoring: Visa Checkout uses advanced fraud detection and prevention technology to detect and prevent fraudulent activity.

Additionally, Visa Checkout is PCI DSS (Payment Card Industry Data Security Standard) compliant, which means it meets the security standards set by major credit card companies to protect customer information. .

However, like any online service, Visa Checkout is not completely immune to security breaches or fraud. It is important for customers to take precautions to protect their information and be on the lookout for any suspicious activity.

All in all, Visa Checkout is a safe and secure online payment service. It is widely used by both retailers and customers, and is supported by Visa’s reputation and resources.

Does Visa Checkout charge a fee

Visa Checkout (now Visa Direct) is a free service for customers to use. Customers do not have to pay any fees to create or use a Visa Checkout account.

However, merchants who accept Visa Checkout as a payment option may be charged a fee by their payment processor. These fees can vary depending on the merchant’s payment processor and the type of merchant account they have. Merchants should check with their payment processor for more information on any fees associated with accepting Visa Checkout.

It is also worth noting that depending on the merchant’s agreement with their payment processor, they may have to pay a percentage of the transaction amount as a fee to the processor. This fee is a standard practice in the industry and is called the merchant discount rate.

In summary, while Visa Checkout is a free service for customers, merchants may incur fees when accepting Visa Checkout as a payment option, but it depends on their agreements with the payment processor.

How to exchange currency using Visa Checkout

Visa Direct is primarily used for online shopping and payments, it is not a currency exchange service. It allows customers to make online purchases in the local currency of the merchant, and the payment is processed through Visa’s secure network. It does not have the capability of exchanging one currency to another.

If you’re looking to exchange currency, you can use a currency exchange service such as a bank or a currency exchange bureau. These services allow you to exchange one currency for another at a specific exchange rate. Some of these services may be available online, but the process and fees can vary.

Alternatively, you can also use a digital currency exchange platform, like Coinbase, Binance, or Kraken, which allow you to buy, sell and trade different digital currencies. However, it’s important to do your research and compare different options before using any of these services.

In summary, Visa Checkout is not a currency exchange service, it is a way to pay for online purchases, if you want to exchange currency, you should use a specialized service, such as a bank, currency exchange bureau or a digital currency exchange platform.

Still not sure whether to use Visa Checkout? You can always use WELLCOINEX instead of Visa Checkout! We protect your privacy and help you to exchange your money fast and safely!