FAQ

What is Everex?
Everex is a digital currency service based on the Ethereum and Bitcoin blockchain platforms. Like other cryptocurrencies, Everex lets users trade money online, instantly, on a decentralized platform. There is just one key difference:

Everex cryptoassets are pegged to hard assets, including fiat currencies and gold. This means that every Everex issued asset is underpinned and 'insured' by another asset, providing the speed and affordability of cryptocurrencies, along with the reliability of fiat currency.
What are the benefits of using Everex?
Everex lets you send money around the world instantly, with no fees or service charges. This is a massive improvement over services like Western Union or Moneygram, which take days to send money along with massive fees.
How do I get started?
The easiest way to get started is to download the Everex Transfer App from Google Play Store. If you are using IPhone please use our web application from http://th.everex.com. Click here to visit the download page.

*Note. Our service is currently available for Thailand ONLY. We will be adding more countries in the very near future. Please sign up to our newsletter to be notified about new markets.
What problems Everex solve?
We greatly reduce the transaction cost and settlement times for traditional financial services, by allowing customers to operate independently in a peer to peer fashion. We offer our technology solution in remittance, payments, crowdfunding, trading (equity, currencies, commodities), lending and other financial sectors
What is Everex's value proposition?
We bring technological and social advantages via Blockchain technology to regular people, allowing the wider population of under banked to receive access to global financial markets.
What services does Everex offer?
Our primary service is placing fiat currencies onto the blockchain in the form of cryptocash units. With cryptocash, users around the world have access to a wide range of financial services which are available on a peer to peer basis. Remittance, payment for products and services, trading, lending, crowdfunding. These are some examples of the services we offer at Everex. Once cryptofiat currencies are introduced to the mainstream public, we will add digital gold units, Evergold; which is backed by real gold bullion for trading and investments. The next steps will include an addition of Crowd Finance Units (CFU) along with blockchain charter companies (BCC). Please feel free to research this further in our services section.
Where and how can I exchange my fiat currency to its cryptofiat equivalent?
You will need to download and install our app, Everex Transfer that may be found on the Google Play store available on Android smart phones. Alternatively and for Iphones you may also use our web version at http://th.everex.cash. In the app you will see the Deposit and Redeem functions, you may select the exchanger among our networking partners. i.e., bank branches, currency exchanges, remittance companies or individual tellers. Please note that exchange services are available for both cash transactions and bank transfers.

*Important Notice* Currently this service is only available in Thailand, we are working dilligently to add more countries in the near future. Please feel free to sign up for our newsletter to receive any notice about these respective markets as we expand to better suit your needs.

Everex allows conversion of fiat currency into cryptocash. Exactly how is Everex different and better than the other exchanges (Coinbase, Bitstamp, etc.) that convert fiat currency into bitcoin and other cryptocurrencies?
Everex is completely different. Other exchanges are primarily cryptocurrency exchanges that enable users to trade fiat currencies for bitcoin, litecoin, ether and other cryptocurrencies. Everex creates its' own crypto assets which are pegged to fiat currencies and the issue is underwritten by licensed financial institution. This way we introduce fiat currencies on the blockchain in "traditional cryptocurrency form" so it may be directly used as currency instead of other cryptocurrencies. Everex is NOT an exchange, we are a wallet application, as well as a platform for asset creation and transfers.

Who are the issuers, underwriters, and custodians of the currency and gold reserve funds which are used to back up your assets?
Everex only partners with high capitalized banks and licensed financial institutions. Banks and financial companies with large amounts of declared capital are eligible to be the underwriters of cryptocash. However, the technological part of issuance is only conducted by Everex. We are ensuring that the amount of issuing units is directly corresponding and equal to the declared financial guarantee from the underwriter. The gold bullion reserves are held by 3rd party vaults such as Brinks and Malco Amit, and are under the custody of 3rd party insurance companies. At no point in time will Everex have access to either currency reserves or gold!