Wise activation: low-cost deposit with e-wallet Quppy

• How to make good use of the virtual bank card series
  • "Virtual Bank Card Usage Scenarios and Consumption Traps"
  • "Wise: How to open a virtual bank card and a physical bank card"
  • "Wise Virtual Card: Successfully subscribe to DeepL and enjoy efficient translation"
  • "Use Quppy to transfer Wise registration and deposit activation"
  • "Wise/Duppy Pro/Onekey Cost Comparison" (too lazy to write)

If you have read the first three tweets and are really interested in Wise, you may wish to continue reading this one.

There are many tutorials on Wise registration and activation. The specific process will not be listed again. I will only talk about some key points in registration, activation and daily use, so as to make Wise’s holding cost lower and its use more convenient.

[Because I have registered, some pictures from other tutorials are borrowed below, which may be different from the latest version of the product interface]

1. Must read before using Wise

Unlike various virtual banking applications whose origins are unknown, Wise is a formal cross-border remittance institution, regulated by local financial institutions, and one person has one account. Once you violate the rules and fail to appeal successfully, you will say goodbye to Wise forever.

Therefore, do not use Wise to directly receive large or frequent amounts of money from unknown sources. Once there is, you must be able to provide proof of the source of the funds. It is best to transfer funds from other sources to your own account with the same name first, and then return to Wise. vice versa.

For example, it is not a good idea to use Wise for cryptocurrency trading, securities investment, and "crossing bridges and counterattacks."

2. Wise registration information

Select a personal account and be sure to provide real information:

• Supports mainland Chinese user registration
• Support mainland China mobile phone numbers
• Chinese passport can be used as identity document
• Provide real address

I have forgotten a lot of the process, but the general principle is to fill it out according to your true situation.

3. Electronic wallet Quppy

After registering for Wise, you need to transfer £20 to your account to activate it. Remittance methods include overseas debit cards, credit cards, etc. But if you have these, you probably won’t need Wise. Therefore, using the electronic wallet Quppy is a good choice.

I chose Quppy because they are both British banks and there is no handling fee for GBP remittances;

I chose LTC because the handling fee is lower than USDT.

Taking Binance as an example, if the same value of US$121 is transferred to Quppy, the USDT handling fee is 1USDT (approximately 7.11 yuan), and the LTC handling fee is 0.001LTC (approximately 0.5 yuan).

There are also many registration tutorials, so I will simply list the process:

1, Register Quppy

In Google play or App Store, Apple remembers to change the Apple ID in another area. After registration is completed, generate an LTC (Litecoin) wallet to store LTC.

2, apply for iBan account

To verify KYC, just use your real identity information and mobile phone number.

Currently Quppy only has Euro and GBP accounts.

3, Purchase LTC (Litecoin) and transfer to Quppy

Purchase LTC on digital currency trading platforms such as Binance or Ethereum and transfer it to Quppy

[At that time, the minimum amount of redemption was still 0.06LTC, but now it has increased to 1LTC]

4, Convert LTC to British Pounds

In Quppy, when converting LTC to pounds, the minimum amount is 1LTC, so don’t transfer too little.

This process is slightly more lossy than implementing exchange rates.

In the open market, 1LTC can be exchanged for 55.68 pounds, while in Quppy you can only get 53.72 pounds, which is a loss of 3.5%.

I remember that the total loss was 2.7% when I redeemed it last time. I don’t know how it became 3.5% this time. Anyway, this 3% fluctuates up and down, just understand it.

5, import into Wise

This is divided into first-time activation and daily deposit. The only difference is that before Wise is activated, you cannot directly check iBan and need to check it through specific channels. After successfully activating Wise for remittance and opening a GBP account, you will be able to see the iBan, and then just wire transfer normally.

In daily remittances, just fill in the surname, first name, and iBan normally. In the payment purpose/message column, remember to fill in the wise membership code, which is the "P+ number" in the wise account.

If all the information is correct, Wise can usually receive and remit money within a few dozen minutes, and there is no handling fee.

4. Account activation

After successful registration of Wise, you need to activate your account before you can use it.

At this time, you can create a pound account first, and then you will be asked to remit no less than 20 pounds. This is where Quppy comes into play.

What needs to be reminded is that don’t let your Wise account easily get involved with strange accounts, because you won’t know which accounts are bad. Money laundering is one of the red lines for any formal financial institution. When our country conducts strict investigations, it can be traced back to the fourth to sixth levels of related transactions. If you don’t want to be banned, don’t take shortcuts.

1,payment method

Choose to pay manually from the bank account, then select another bank, select "Yes, I'm the account holder", and you will see Wise's payment information.

2, Query iBan information

There is no iBan information in the picture above. In this case, you need to enter this website:click to enter

Use the "Account number" and "Sort code" in the picture above to find out Wise's iBan in the British bank.

3, Pay with Quppy

Regarding filling in the message box, I remind you again to only fill in the string of characters "P + number".

Never write in Chinese, don’t ask, you will be rejected if you ask.

As for how to use a virtual bank card to subscribe to overseas apps, that’s the end. As for the content of comparing the fees of different virtual bank cards, I am not going to publish it. After all, my purpose is not to talk about virtual bank cards, I just hope that everyone can use various software and services conveniently.

Regarding virtual bank cards, I have some thoughts and plans to share with friends who are using them for the first time: CurrentlyThe international financial environment is turbulent, with reference to the sale of HSBS HSBC in Russia and the restrictions imposed by HSBC banks on Russian nationals in other countries, there are still risks even in formal overseas financial services. If you think about it again, Citibank has withdrawn from the Chinese market a long time ago. Please use such products with caution.

In addition, many similar products experience problems during registration and use.same path: Fully open for registration to mainland Chinese users—passport registration only—with multiple or comprehensive restrictions on use. Maybe one day the e-wallet will no longer be able to activate Wise, or one day Wise will completely shut down Chinese user accounts.

Finally, in addition to Wise, there is another bank that is gradually becoming "The first overseas bank card applied by young people”, that is Singapore Overseas Chinese Bank (OCBC). This is the second largest bank in Singapore, and mainland Chinese users can apply remotely. After successful application, not only will there be a virtual card, but also a physical card can be mailed. Interested friends can go to the App Store to download , and then go to YouTube to watch the application tutorial. There are still some things to pay attention to.

It would be even better if you can use my invitation code VIPP37JB. We all get a S$15 reward.

• Wise :Registration link click here
• Quppy:Registration link click here
• Duppy pro:Invitation code: 454948 Registration link click here
• Onekey:Invitation code: 0OQH09 Registration link click here
• Binance:Registration link click here
• OCBC: Invitation code VIPP37JB

Okay, if you find it useful, please click some ads for me to restore blood.