About XAMAX
What is XAMAX?
XAMAX offers a robust platform designed to facilitate seamless financial transactions across the globe. Our mission is to bridge the gap between traditional financial systems and the digital economy, providing businesses with secure, efficient, and borderless payment solutions.
What does XAMAX offer?
XAMAX offers two primary products designed to modernize financial transactions for businesses and individuals globally:
Crypto Processing: This product facilitates the movement and management of funds in cryptocurrencies, enabling secure and efficient transactions within the digital currency space.
Fiat Processing: This solution connects people and businesses across local and global scales, supporting transactions in both local currencies and widely accepted international currencies. It aims to streamline the payment process, making it more accessible and user-friendly.
These products are crafted to cater to the evolving needs of the digital economy, offering secure, reliable, and flexible financial services.
What features does XAMAX have?
To offer convenient, stable, simple, and effective operational environment for merchants and users, XAMAX introduces a comprehensive suite of services:
- Accepting Payments: Facilitates the receipt of payments in various currencies and methods, ensuring flexibility and ease of transaction for businesses.
- XAMAX Account: Offers secure savings options for users, enhancing financial management and growth.
- Mass, Single, and Auto-payouts: Provides versatile payout solutions, catering to different business needs for efficient fund distribution.
- Swaps: Enables currency swaps, allowing users to easily exchange currencies within the platform.
- Local Payment Methods: Supports integration with local payment options, promoting accessibility and convenience in specific markets.
- Classic Payment Methods (Payment by Card): Maintains traditional payment options, ensuring users and merchants can process transactions using debit and credit cards.
These offerings are designed to streamline financial operations, making them more accessible and efficient for XAMAX's diverse user base.
What cryptocurrencies does XAMAX support?
XAMAX supports a wide range of cryptocurrencies, ensuring direct integration to offer independence from major crypto exchanges including Binance and Huobi. The supported cryptocurrencies include Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Bitcoin Gold, Tron, Qtum, Zcash, Dash, Binance Coin, and stable coins such as Tether USD (ERC20, TRC20, BEP20), and USDC (ERC20). Additionally, XAMAX supports various local currencies to cater to a global audience, including USD, EUR, THB, VND, PHP, INR, IDR, MYR, NGN, KES, MXN, ARS, and BRL. This extensive support enables users to engage in transactions flexibly and efficiently across different regions and markets.
In what units does XAMAX calculate?
For API requests, XAMAX accepts values in the smallest units of cryptocurrency, such as satoshi for Bitcoin, wei for Ethereum, and so on. Here's a brief overview of the units used for different cryptocurrencies:
| CURRENCY | CODE(AT ACCOUNT) | CRYPTO CODE | BLOCKCHAIN UNIT | LINK |
|---|---|---|---|---|
| USDT (ERC-20) | USDT (ERC-20) | usdt | 1000000 | Ethereum ERC-20 USDT |
| USDC (ERC-20) | USDC (ERC-20) | usdc | 1000000 | Ethereum ERC-20 USDC |
| ETHEREUM | ETH | eth | 1000000000000000000 (wei) | Ethereum |
| BITCOIN | BTC | btc | 100000000 (satoshi) | Bitcoin |
| BITCOIN CASH | BCH | bch | 100000000 | Bitcoin Cash |
| BITCOIN GOLD | BTG | btg | 100000000 | Bitcoin Gold |
| LITECOIN | LTC | ltc | 100000000 | Litecoin |
| QTUM | QTY | qty | 100000000 | QTUM |
| DASH | DASH | dash | 100000000 | DASH |
| ZCASH | ZEC | zec | 100000000 | Zcash |
| USDT (TRC-20) | USDT (TRC-20) | usdt_trc20 | 1000000 | TRON TRC-20 USDT |
| TRON | TRX | trx | 1000000 | TRON |
| BINANCE COIN | BNB | bnb | 1000000000000000000 | Binance Coin |
| USDT (BEP-20) | USDT (BEP-20) | bscusd | 1000000000000000000 | Binance-Peg BSC-USD (BEP-20) |
For enhanced user convenience, XAMAX ensures that all data related to balances and transaction amounts entered or displayed within the user's personal account is presented in a classic, easily understandable format. This approach applies to both cryptocurrencies and fiat currencies, simplifying the user experience by providing information in familiar units rather than the minimal cryptocurrency units used for API requests.
For fiat currencies, both in API requests and within the personal account interface, XAMAX utilizes the conventional representation of values. This means that amounts are shown in standard currency formats (e.g., USD, EUR, etc.), making it straightforward for users to interpret their financial information without needing to convert from minimal units or navigate complex cryptocurrency denominations.
This user-centric approach ensures that while the backend transactions and operations may involve detailed, technical units for accuracy and security, the user interface remains accessible and intuitive for all users, regardless of their technical expertise or familiarity with cryptocurrency transactions.
What are the minimum acceptable amounts?
XAMAX implements artificial minimum restrictions to ensure swift and efficient processing of transactions due to the inherent "rules of the game" within blockchain networks, where smaller amounts may experience slower processing times. These restrictions are established to facilitate the quick acceptance and dispatch of transactions, optimizing the user experience by navigating around the potential delays associated with the blockchain's operational characteristics.
The table of minimum values* for input and output is below:
| Currency code | Value (USD) |
|---|---|
| Bitcoin | 10.00 |
| Bitcoin Cash | 10.00 |
| Bitcoin Gold | 10.00 |
| DASH | 10.00 |
| QTUM | 10.00 |
| Zcash | 10.00 |
| Litecoin | 10.00 |
| Ethereum | 10.00 |
| Tether USDT (ERC20) | 10.00 |
| USDC (ERC20) | 10.00 |
| TRON | 10.00 |
| Tether USDt (TRC20) | 10.00 |
| Binance Coin | 10.00 |
| Binance USD | 10.00 |
| Tether USDt (BEP20) | 10.00 |
- If You need a smaller minimum values, please, contact with Your manager
What is the difference between a XAMAX wallet and an invoice wallet?
XAMAX optimizes user convenience by utilizing two types of wallets:
Invoice Wallet: This wallet is automatically generated for each incoming transaction or a pool of transactions and is designed to be temporary ("dies" after use). Users have the flexibility to withdraw funds from this wallet based on specific settings, providing a seamless way to manage transaction-related funds.
XAMAX Plugin Wallet: Serving as a permanent solution, the XAMAX plugin wallet functions both as a savings wallet and for facilitating withdrawals. It offers a stable and secure means for users to store their funds and perform transactions as needed.
Users can effortlessly monitor the balances of both their XAMAX wallet and all invoice wallets directly within the currency card interface, ensuring a comprehensive overview of their financial activities on the platform.
What is wallet rotation? Its necessity and constraints?
Rotation is a critical mechanism implemented by XAMAX to ensure efficiency and prevent the diminishment of transaction values due to blockchain network fees. Given the blockchain's operational nature, smaller transactions incur proportionally higher fees relative to their value, which can significantly reduce the amount received by the recipient. To address this, XAMAX has established a rotation threshold of 2000 USD for the invoice wallets.
Purpose of Rotation: Rotation ensures that the network commission does not consume a significant portion of the withdrawn amount. By accumulating funds in an invoice wallet until they reach the equivalent of 2000 USD in cryptocurrency, XAMAX ensures that transactions are economically viable and the network fees do not disproportionately affect the transaction value.
How Rotation Works: When the balance in an invoice wallet reaches this 2000 USD threshold, the funds are either transferred to the user's XAMAX wallet or, if configured, to an external wallet. This process allows for more efficient management of funds and minimizes the impact of network fees on smaller transactions.
Customization of Rotation Limits: Users have the flexibility to request adjustments to the rotation threshold through XAMAX support. This customization option allows users to align the rotation mechanism with their specific transaction patterns and financial strategies. However, users cannot modify these settings independently within the platform settings; such changes must be facilitated through XAMAX support.
Application to Invoice Wallets: It's important to note that the rotation policy applies exclusively to invoice wallets, which are designed to temporarily hold transaction funds before they are either used or withdrawn. This mechanism does not affect the XAMAX plugin wallet, which serves as a permanent savings and withdrawal solution.
By implementing the rotation mechanism with a set threshold, XAMAX enhances the transaction process, ensuring that users and merchants can conduct financial activities effectively without undue erosion of their assets due to network fees.
Which currencies are available for conversion within XAMAX?
XAMAX enhances user convenience by allowing the input of amounts in widely recognized and familiar currencies, such as the US dollar (USD), Euro (EUR), and others. When a user selects one of the available currencies for entry, the system automatically converts and displays the equivalent amount in the desired cryptocurrency. This feature facilitates a more intuitive and user-friendly experience, allowing users to interact with the platform using currencies they are familiar with, thereby simplifying the process of cryptocurrency transactions.
Currently Supported Currencies:
- USD (US Dollar)
- EUR (Euro)
- GBP (British Pound Sterling)
- CNY (Chinese Yuan)
Upcoming Currencies (Addition expected within the Next 3 Months):
- ARS (Argentine Peso)
- BRL (Brazilian Real)
- RUB (Russian Ruble)