Q: What is an internal transfer? How much is the fee? How long does it take to process?
A: An internal transfer refers to the ability of one RedotPay user to transfer cryptocurrency and USDs to another RedotPay user on RedotPay APP internally. Currently, internal transfers are free of charge and are generally processed instantly.
Q: Is identity verification required for internal transfers?
A: The payer and the payee must complete identity verification to conduct internal transfers.
Q: Is there a minimum limit for internal transfers?
A: Please refer to the table below for details on the internal transfer limits:
Q: How to perform an internal transfer?
A:
1. Open the RedotPay APP, click on Wallet, and select Send or Scan.
2. Choose the transfer method; you can transfer funds on RedotPay APP using the payee’s email/phone number or
RedotPay UID.
Please note that internal transfers cannot be revoked. Please be careful when making transfers, and avoid
transferring money to strangers to prevent financial losses.
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