How does MinexPay work?

All MinexPay cards are issued by our own offshore bank with an international license (category B), established and managed by MinexSystems. By ordering a MinexPay card, each client becomes a participant in the trust fund and, at will, transfers their assets to be managed by the fund.

The fund, based on the value of said assets, acts as a guarantor of the corresponding credit limit (opened by the bank for the cardholder). 

Fees associated to that guarantee are 0.01% per year.

When a client spends his credit limit, the fund immediately sells the cardholder's crypto-assets at an exchange rate defined on Coinmarketcap.com (at the time of payment). 

After the sale, the client’s available balance is updated accordingly.