RedotPay alternative for turning USDT into local money
Keep RedotPay for its card. When its transfer list leaves out your currency, Unigox is a RedotPay alternative: you sell USDT, and a P2P merchant or a payment business pays the local money to your account.
When Unigox fits better than RedotPay
Your currency is not on RedotPay's payout list
If your currency is missing from RedotPay's transfer list, you may still be able to sell USDT for it on Unigox, and the P2P merchant or payment business that takes the sale pays your account. RedotPay's International Transfer pays out only in the currencies its app lists, 21 of them named.
You would rather not pick an ad
On Unigox you enter an amount and confirm one quote; a P2P merchant or a payment business takes the trade. On RedotPay P2P you browse the buyers' ads, compare their payment methods, time limits and conditions, and choose one yourself. RedotPay's International Transfer needs no ad: you pick the currency, enter the amount and confirm.
When to stay with RedotPay
You use RedotPay's card or its other features
RedotPay's card works in shops and at cash machines, and the app adds Earn, credit, loans, scan-to-pay and crypto trading.
You trade P2P inside the app and want no fee
RedotPay says its P2P trades carry no fees. On Unigox the fee sits inside the rate, so set the price on a RedotPay buyer's ad against the Unigox quote for the same amount.
RedotPay pays out in your currency
Then a RedotPay transfer may be the simpler route, and the app shows the exact fee before you send.
RedotPay vs Unigox
| Topic | RedotPay | Unigox |
|---|---|---|
| What it is | A stablecoin card and a multi-currency wallet, with P2P trading, international transfers, crypto trading, Earn, credit and loans. | Swaps USDT and USDC with local money. A P2P merchant or a payment business takes the other side of each trade. |
| Getting local money out | Local currency to personal bank accounts and e-wallets; the app shows fees and limits for each currency.
| You sell USDT on Unigox, and the P2P merchant or payment business that takes your trade pays the local money to your account. |
| Fees | A transfer's fee depends on the currency and receiving method; the app shows it, with the amount received, before you send.
| Built into the rate you see for your amount, before you confirm a sale. |
| Where the crypto sits during a trade | In a P2P order RedotPay holds the crypto until both sides confirm. | During a trade the crypto sits in an on-chain escrow that Unigox can release only to the buyer or the seller. |
| Identity check | Required for P2P, international transfers and the full app.
| Required before your first trade, at any amount. |
| Regulation | Its terms are governed by Hong Kong law.
| Unigox works through two companies: UNIGOX NETWORK CORP. in Canada handles the local-money side and is registered with FINTRAC as a money services business and with the Bank of Canada as a payment service provider; UNIGOX NETWORK CORP. in Panama handles the crypto side, including wallets and escrow. |
| Where it is not available | No card, no app access and no identity check for people in or from the US, Russia, Iran, Cuba and other places listed in its help centre. | Unigox does not currently offer its services in the United States or in the other places listed in section 6.4 of its Terms of Service. |
UnigoxCashing out on Unigox instead of a RedotPay transfer
Move your USDT
In RedotPay, withdraw USDT on-chain to the deposit address your Unigox Wallet shows. Pick the same network on both sides.
Verify and start a sale
Verify your identity before your first trade, then choose Sell, your currency and the amount, and confirm the quote.
Get paid
The money arrives in your account. If a P2P merchant paid you, confirm in Unigox once you see it.
Cashing out without RedotPay: questions
Who are RedotPay's competitors for cashing out USDT?
RedotPay is mostly compared with other crypto cards. Unigox competes with a different part of RedotPay: turning USDT into local money, which RedotPay does with International Transfer and P2P selling.
What are RedotPay's fees, and how does Unigox charge?
RedotPay's card costs 10 USD (virtual) or 100 USD (physical), and using the card carries fees such as 1% on crypto conversion and 2% to 3% on ATM withdrawals. RedotPay says P2P trades are free, and its transfer fees depend on the currency and receiving method. On Unigox the fee is already in the rate you see.
Are there apps like RedotPay for cashing out USDT?
For turning USDT into local money, yes: on Unigox you sell USDT and a P2P merchant or a payment business pays your account, with no card involved. Unigox runs in a phone browser and on Android from Google Play; its iPhone app is listed only in Canada's App Store.
Is Unigox similar to RedotPay, and can I move my USDT across?
In one part only: both turn USDT into local money, and card spending stays with RedotPay. You can move USDT across: RedotPay lets you withdraw it on-chain to another wallet or exchange, and your Unigox Wallet takes deposits from an outside wallet or exchange.
Check a Unigox quote against your RedotPay transfer
Get the Unigox quote for your amount and compare it with what RedotPay's app shows for the same transfer.
RedotPay and other names and logos are trademarks of their respective owners. Unigox is not affiliated with, endorsed or sponsored by them. Information about other companies comes from public sources, mainly the companies' own websites, and each company can change its products and fees at any time.