Kinesis partners with Pegasus for new USD deposit & withdrawal option

Kinesis has partnered with global mobile wallet provider, Pegasus, to offer US-based users an efficient and low-cost method of depositing and withdrawing US dollars on the Kinesis platform.

Key features of Pegasus​

• Fast USD deposits – seamless transfers into Kinesis
• Low fees – low-cost deposits or withdrawals from Kinesis
• Accessible – available via the Kinesis platform and mobile app

Deposit USD with Pegasus in 3 steps​

You can deposit your USD into Kinesis in a few steps:

1. 1. Sign up for a free Pegasus wallet and fund your Pegasus wallet in USD via bank deposit. Processing takes 2–3 business days, with a maximum deposit of $10,000 per day.
2. 2. Log in to your Kinesis account and head to ‘Deposit’ in the top right corner of your Home dashboard. Select the mobile wallet deposit option and follow the steps.
3. 3. Your USD will be available for use on the Kinesis platform in minutes.

Sign up for your Pegasus wallet here.

Expanding on-ramping and off-ramping​

While the initial offering of Pegasus wallet is focused on US-based residents, the next stage of the partnership will utilise the global capabilities of the Pegasus mobile wallet, opening up fast, low-cost, multi-currency on-ramping and off-ramping for Kinesis users worldwide. The next phase will offer the global community debit and credit card deposit options into a Pegasus wallet, with instant transfers into the Kinesis platform, from anywhere in the world.

The Kinesis team have been working hard behind the scenes, we are now in the final stages of delivering a wide range of on-ramping solutions for faster, cheaper, and more localised deposits. Our partnership with Pegasus is the first stage of a global rollout of on-ramping and off-ramping options designed to make the Kinesis Monetary System seamlessly accessible to all.

As ever, Kinesis is committed to enhancing the access of the platform for users across the globe.

 

[InalienablyFree]

Hey everyone, I'm sharing the Pegasus guide in case you haven't seen it yet. We've reviewed the process carefully and believe it addresses all the questions raised in this thread, but feel free to share any feedback if you think there's room for improvement:

• USD Deposits with the Pegasus Wallet: https://support.kinesis.money/hc/en-gb/articles/26011529409949-USD-Deposits-with-the-Pegasus-Wallet

@Uchiki

This is a great help and addresses most of the vagaries of the process. However, is the phone call from an Account Rep required to initiate/confirm the Pegasus Wallet to Kinesis Account transfer as mentioned above?

If so, then that needs to be mentioned in the guide.

 

[InalienablyFree]

This is a great help and addresses most of the vagaries of the process. However, is the phone call from an Account Rep required to initiate/confirm the Pegasus Wallet to Kinesis Account transfer as mentioned above?

If so, then that needs to be mentioned in the guide.

Final update: yesterday I had the wallet transfer confirmation call with my Kinesis rep and the questions circled around making sure that I knowingly and voluntarily intended to transfer the funds out of the Pegasus wallet and into my Kinesis account. The call was recorded and relatively quick in nature. My rep mentioned that the call would be necessary for every transfer no matter the amount. The funds were available for trade on the Kinesis platform a few hours
later.

So I guess I can confirm that the Pegasus wallet does in-fact offer a low cost means to load your Kinesis account but it is neither quick nor hands-free. I was hoping to do a modest weekly deposit on paydays moving forward to DCA KAU purchases, but the existing kinks are giving me second thoughts and I’ll probably just do fewer transactions for now.