Storspay Exchange vs an account at a trading platform, for a business
Large trading platforms offer deeper books and lower fees. Why a business might still keep its digital dollars on Storspay — and when it should keep an account at both.
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The short answer. A trading platform wins on depth and fee; Storspay wins on everything around the trade — verified business counterparties, local-currency cash-out to your own business account in 30 countries, payroll from the same balance, invoices and statements. Many businesses will keep both: the platform for size, Storspay for operations.
What a trading platform does better
Deeper order books, more pairs, fees near 0.1% on conversions, and tools for active trading. If you move large amounts between digital dollars and want the best price, that is where to do it.
What Storspay does that a platform does not
Pay a team in Lagos, Nairobi and Manila from the same balance; collect local currency through Get paid; cash out to your own business bank or mobile money the same business day; invoice-linked deposits and statements with counterparty business names; one account for dollars, euros, USDC and USDT.
Account freezes and withdrawals
Platform accounts for businesses in some countries are hard to open, easy to freeze, and withdrawing to a local bank often means a P2P leg with a stranger. Storspay’s cash-out goes to your own business account through its payout rails, with a receipt.
A sensible split
Keep the trading platform for large conversions if you need the price. Send what the business needs to Storspay — for the network fee — and run payroll, collections and cash-outs from there. Each account does what it is good at.
How it works, in four steps
- Apply once. A verified business on a paid Storspay plan applies from the Exchange tab: a few questions about what it will trade and why, a one-time identity check for a director, the wallets it plans to use. Reply within one business day.
- Receive or convert. A client sends USDT or USDC to the address in your business name, or you convert dollars or euros from your balance at 0.75% all-in.
- Trade or hold. Keep the balance, convert between USDC and USDT at 0.25%, or trade with other verified businesses on the P2P market — taker 0.5%, makers free, settled the instant the buyer confirms.
- Cash out or send. Pay your local bank or mobile money the same business day at 2% all-in, or send to any wallet address for the network fee only.
What it costs
| Step | Fee |
|---|---|
| Receive USDC or USDT | Free |
| P2P market — taker | 0.5% (makers free) |
| Convert US dollars or euros ⇄ USDC or USDT | 0.75% all-in |
| Convert USDC ⇄ USDT | 0.25% |
| Send to a wallet address | Network fee only |
| Cash out to a local bank or mobile money | 2% all-in (1% · min US$2 to India, Indonesia, the Philippines and Thailand) |
Who this is for — and who it is not for
Businesses, and a sole trader counts: every movement is a business transaction with an invoice, a contract or work delivered. Traders are welcome as businesses and should expect what the page says plainly — verified counterparties, instant settlement and a cash-out to their own business account, not the tightest spread on the internet. Personal accounts, gifts and family transfers are not what this is.
Keep your invoices and statements for your records and ask a local accountant how income in digital dollars is taxed where you live.
Read next
- Storspay Exchange — hold, convert and trade digital dollars
- Digital dollars for African businesses
- Storspay Exchange vs P2P exchange apps
- Can a freelancer hold USD, EUR, GBP or CAD?
Storspay Exchange is in early access — apply from the Exchange page. Fees and availability are as published there on the day you read this.
See your own corridor number. What your team receives, what Storspay costs, what you keep — no sign-up.
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