How do I send precious metals to someone?

VeraCash offers the option of sending grams of precious metal to other members on the platform for free, from your account on the website or in the app. This feature is called sending VeraCash or sending VRC.

On the mobile app:

  1. On the homepage, click on the “Send” tab.
  2. Enter the amount you want to send.
  3. Enter the recipient’s public ID, or their email address in the case of a referral.
  4. Select a reason for the transfer from the following options: “Payment for an item or service”, “Gift”, “Pooled funds”, “Referral”, “Reimbursement” or “Prefer not to say”.
  5. Optional: You can choose to add a short personal message.
  6. Click on “Send”.

On the website:

  1. Go to www.veracash.com.
  2. Log into your account.
  3. Click on “Send V” on the left side of the screen.
  4. Enter the amount you want to send.
  5. Enter the recipient’s public ID, or their email address in the case of a referral.
  6. Select a reason for the transfer from the following options: “Payment for an item or service”, “Gift”, “Pooled funds”, “Referral”, “Reimbursement” or “Prefer not to say”.
  7. Optional: You can choose to add a short personal message.
  8. Click on “SEND”.

Is there a limit on how much precious metal I can send?

You can send up to €5,000 (or VRC 5,000) worth of precious metals between verified accounts, per sliding month. From a verified account to an unverified account and vice versa (unverified to verified), you can send precious metals worth up to €250 (or VRC 250) per month.

Precious metal cannot however be sent from one unverified account to another.

See also: