Use this tool to see the exchange rates of Beans App for any currencies. The amount you see is what the recipient will get - no hidden fees!
Free wallet to wallet transfers
Instant wallet to wallet transfers
Easy & intuitive interface
Because international transfers should be instant, free & safe.
Use this tool to see the exchange rates of Beans App for any currencies. The amount you see is what the recipient will get - no hidden fees!
Free wallet to wallet transfers
Instant wallet to wallet transfers
Easy & intuitive interface
Because you might be losing up to 4% of your money in transfer fees.
MoneyGram cash deposits and withdraws are always free.
Beans App is for workers abroad who take care of their families. For freelancers who think globally. For people who want to escape inflation in their countries and save in stable currencies. For anyone who wants to invest in cryptocurrency. For international students who sometimes have too much month left at the end of their money. For travellers.
We take security really seriously. Three useful features to know:
Sending money involves sending it through transfer services to forward it to the recipient. We use blockchain tech to offer decentralized exchange - meaning; no intermediaries. Like exchanging cash in person!
We allow you to purchase & hold cryptocurrencies without the private key vulnerability. We've built our own account recovery system that allows you to access your investment anytime.
Safe and easy to use? Yes. It's possible. Unlike the 2-Factor Authentication processes of many other services out there, ours is built specifically for mobile devices and it's extremely easy to use.
When you create your Beans account your private key is bound to your email, phone, and pin code. When you prove ownership over this information the servers are able to restore your account!
We have a detailed article about how account recovery works, which can be found here: Medium.com/account-recovery
Yes! Our integration with MoneyGram allows you to withdraw your money from Beans using one of their 300.000+ stores in over 200 countries! Deposits are available in a limited amount of countries as well.
Check out this post if you want to know more.
We make use of the Stellar blockchain, where transaction fees are so low that we decided to sponsor them. This will allow you to send free cross-border and cross-currency transactions!
Beans is a peer-to-peer money sending solution. The use of blockchain technology allows for faster, more efficient, and secure transactions by eliminating intermediaries and reducing associated costs. By leveraging the advantages of blockchain, Beans App eliminates fees that are typically associated with traditional banking systems. This results in lower costs for international money transfers.
A bank deposit into Beans involves two key steps. First, you create a deposit ticket in the Beans app, which generates a unique ID and requires you to specify the deposit amount. Second, you perform a bank transfer to the provided bank address for the exact amount stated in the ticket. It's crucial to include your unique ID, a combination of letters and numbers, in the transfer details when possible. This identifier links your deposit to your Beans account. Ensuring the transferred amount matches the ticket and including the unique ID are essential for the successful processing of your deposit.
In this case you should contact the organization to which you sent the money, as they cannot link it to your account without the memo. They might be able to recover your transaction.
International transfers between Australia and Argentina can be done through services like MoneyGram. In Australia, you can deposit money via MoneyGram or credit card, then transfer it to the recipient's app. The recipient in Argentina can then withdraw the money to a bank account or through MoneyGram. It's important to enter the recipient's unique username correctly as transactions are not reversible. Tutorials on how to use the app can be found here: https://beansapp.tawk.help/es/
Beans is an app designed for low-cost international money transfers in multiple currencies. Unlike a bank, it doesn't provide cards or traditional accounts. Users can send money to others by downloading the app and locating recipients through unique usernames. The platform allows for currency conversions between dollars, euros, and cryptocurrencies, with competitive exchange rates for local currency transfers. While there are no account opening or maintenance fees, deposits and withdrawals incur a 1-2% fee depending on the transaction type and country. Beans also supports cryptocurrency transfers via the Stellar network, offering flexibility for users who prefer digital assets.
Your Beans account is securely tied to your email, phone, and pin code. By verifying this information, our servers can restore your account in case of any issues. For more information on account recovery, please visit our detailed article on: Medium.com/account-recovery
No, we are not a bank. Beans is a non-custodial wallet that makes it super simple to do free international payments using blockchain technology. You will earn yield by our seemless integration with DeFi and CeFi partners.
To deposit money into Beans, you will need to click on "Deposit" in the app, choose the "Bank Transfer" option, and follow the prompts to complete the deposit through our partners website. Make sure to have your DNI or passport handy, as well as be prepared for identity verification. Note that there can be fees associated with the deposit.
You can withdraw money from Beans in 3 ways: bank transfer, in-person withdrawal via MoneyGram, or transfers via the Stellar network (the latter option is only recommended for advanced users).
We regret to inform you that transactions made through our platform are not reversible. To better understand this process, we invite you to consult the following explanatory guide: https://beansapp.tawk.help/es/article/por-que-no-puedo-cancelar-una-transferencia. If you have made a transfer to another Beans user, we can manage communication with them to request the return of the money to the original account. Please keep in mind it is not garanteed that the user will send back the money.
Try restarting the app first and try again. This will tell us if the issue was a one-time problem. If the issue occurs again, please contact our supportdesk. Preferably with a screenshot and a detailed description of the problem.
Great to have you on board! Here is a guide to help you get started: https://beansapp.tawk.help/article/discovering-beans-a-beginners-guide
Beans is a fully non-custodial platform, meaning that your funds are not controlled by a centralized entity like a bank. Users have complete custody of their assets through private keys, ensuring maximum security and privacy. In the event of losing account access, recovery can be securely done through a 2FA mechanism involving email and pin.
Yes, in Beans you have full control and ownership over your assets and you are in full control over your own keys. We have abstracted away all the complexity, giving you a bank experience with blockchain technology. Our goal is that even our moms can use beans. This approach enhances security, privacy, and decentralization, allowing users to have complete control over their funds during international money transfers.
MoneyGram deposits wirh Beans work in two steps:
1. Create a Deposit Ticket: - Use the Beans app to generate a ticket with a unique ID. - Specify the deposit amount and select the MoneyGram agency you'll use.
2. Cash Delivery: - Visit the chosen MoneyGram agency. - Pay the amount specified in your deposit ticket.The deposit is completed once you've paid the cash at the agency matching your deposit ticket details.
Go to "Withdraw" on the main screen, then to "History" (bottom left, click on the withdrawal you made and you should be able to see the reference number there).
Bank transfers are not always immediate due to various factors in the banking system. While many people expect instant transactions, the reality is more complex. Transfers are only immediate if both the sender's and receiver's banks participate in the SEPA Instant system, a European Union initiative for instant payments. If either bank doesn't use this system, transfers can take up to four business days to process. Even digital banks like Wise and Revolut, known for their modern approach, don't always provide consistent instant transfers. This delay is a common feature of the current banking infrastructure and varies depending on the institutions involved in the transaction.
Sorry to hear that! In certain cases you need to reach out to Anclap/MyKobo/Banxa/Kado (depending on which country you are). They are in charge of that process.
There are no limitations on the amount of money you can send through Beans. For larger amounts, we recommend breaking them into smaller transactions to benefit from better rates on the decentralized marketplace. Deposits and withdrawals may be subject to limitations as they involve third parties.
Yes, MoneyGram has maximum limits on transfers. The exact limit can vary depending on factors like the sending/receiving countries, payment method, and your account status. For specific details, it's best to check MoneyGram's website or contact their customer service directly.
To send money from Spain:1. Download the Beans app.2. Deposit euros into your Beans account.3. Your recipient in another country should also download Beans and set up an account in their local currency.4. Send money to their Beans username.5. They can then withdraw the funds to their bank account in their local currency.Beans offers peer-to-peer transfers with competitive exchange rates and no added fees. However, there may be small fees for depositing and withdrawing. It's recommended to start with a small amount to familiarize yourself with the process.For more details or to compare rates, you can use the calculator on the Beans website.
Beans does not provide you with a personal IBAN. Your account is identified by a unique username, which is used for transfers within the Beans system only. To deposit funds from a bank into your Beans account, you'll need to use the IBAN of Beans' local partner, Mykobo. You send money to Mykobo's IBAN, and they then credit your Beans account with the transferred amount, minus a small 0.5% fee. This process allows you to fund your Beans account without having your own IBAN in the system.
Yes, MoneyGram applies extra fees when transferring money through the Beans app. Because MoneyGram is a third party, we can’t eliminate their fees.
These are the fees regulated by MoneyGram:
Between 1 USDC and 99 USDC, the fee in USD is $2.
Example: If you transfer 50 USDC, the fee is $2.
Between 100 USDC and 999 USDC, the fee in USD is $2 + 1% of the transaction.
Example: If you transfer 120 USDC, the fee is $2 + (1% of 120 = 1.20) $1.20 = $2.20
Between 1000 USDC or higher, the fee in USD is $10 + 0.5% of the transaction.
Example: If you transfer 2500 USDC, the fee is $10 + (0.5% of 2500 = 12.50) $12.50 = $22.50.
To withdraw through MoneyGram using Beans:1. Deposit funds into your Beans account.2. Set yourself as both sender and receiver.3. Visit a registered MoneyGram agent listed in the Beans app.4. Ask the agent to select "Send Money," "Send Money (to an account)," or "USDC Wallet" option.5. The agent should follow on-screen instructions to complete the transaction.Ensure the transaction is completed within 24 hours at your chosen location. If the agent has difficulties, they can contact MoneyGram for assistance. Remember, this process is treated as a regular transaction where you're both the sender and receiver.
With Beans, you don't have a traditional CBU (Clave Bancaria Uniforme). Instead, your Beans account is identified by a unique username, which functions similarly to a CBU alias within the Beans system. This username is used for internal transfers between Beans users but cannot be used for external transfers from Argentinian banks or apps like Mercado Pago. To deposit funds into your Beans account from an Argentinian source, you'll need to use the CBU of Beans' local partner, Anclap. They receive the money on your behalf and then credit it to your Beans account, minus a small fee.
While we cannot eliminate the fees associated with deposits and withdrawals from third parties, Beans itself does not charge any fees or markups. This means that, even after factoring in these external fees, your friends will receive more money compared to other similar services.
Yes, MoneyGram has maximum limits on transfers. The exact limit can vary depending on factors like the sending/receiving countries, payment method, and your account status. For specific details, it's best to check MoneyGram's website or contact their customer service directly.
The exchange rate changes due to the liquidity of the system for that currency pair and amount at a precise moment. It is not a simple multiplication of the exchange rate by the amount being converted. This variability means that sometimes converting smaller amounts may result in a better exchange rate. The total amount to be received is always shown before the operation.
We are using digital currencies and blockchain technology to take-away inefficiencies in cross-border payments and lending and borrowing. Ultra-Capital provides the yield on the offered assets.