Invity.io Review – Scam or Not?

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About the company

Invity.io is a cryptocurrency rate comparison site for buying Bitcoin and many altcoins. By choosing the best offers, users can turn their fiat currency into crypto, as well as exchanging crypto assets instantly. Invity has highly-recognized providers to support basically any coin in the market, among which we can find Changelly, ChangeHero, ChangeNOW, Fox.exchange, SideShift.ai and LetsExchange.

Registered in Czech Republic, Invity.io was co-founded by Štěpán Uherík and Jiří Brada in late 2019. The founders are part of the SatoshiLabs Group, the creators of the Trezor hardware wallet. The company has not disclosed information about the location of their headquarters.

Invity’s verified social media:

The Invity.io website is currently available in English. Invity features in Trezor Suite are available in English, Czech (beta), Japanese (beta), Russian (beta), and Spanish (beta). More languages will be supported in time.

Invity does not feature an official mobile app for the moment. Click here to access Invity’s service on its website.

Supported countries

Invity offers its services on a worldwide level, with the exception of some countries, due to intern regulatory measures. The restricted countries are Hawaii, USA (New York), Iran and North Korea.

About 50 countries can access special services such as buying crypto with local payment methods or local fiat currencies. These countries are Australia, Austria, Belgium, Canada, Denmark, Germany, Hong Kong, India, Indonesia, Luxembourg, Malaysia, Netherlands, New Zealand, Philippines, Singapore, Switzerland, Thailand and Vietnam.

How to use Invity?

For buying crypto

Select your local currency and the cryptocurrency you want to get

Use the fiat currency dropdown menu on the main page to find yours. Then, select the cryptocurrency you want to buy.

Compare and buy

Get the available deal for the amount you want to buy by clicking on “Get this deal”.

Enter your receiving address

Paste your personal crypto address. This is where the tokens you buy will be sent to.

Choose your payment method

Select the available payment methods including Visa and Mastercard. Type your card details and proceed.

For exchanging crypto

Pick your swap

Choose the cryptocurrency pair you want for the swap.

Choose the deal

Explore the available offers with fixed and floating rates. Once you find the best option for your swap, click on “Get this deal”.

Enter your receiving address for both assets

Enter the crypto addresses for both assets; One to receive the tokens once the exchange is complete and another one in case the exchange fails. This is where your initial crypto will be returned to in said scenario.

Make the deposit

Send the specified ammount to the address Invity sets for your exchange. Your tokens will be sent to your wallet after the transaction is confirmed.

Confirm your transaction

Make sure your crypto is in your wallet as soon as the exchange is complete.

Invity features

Invity has multiple distinctive features, among which we can find:

  • Invity’s comparison tool collects offers from crypto exchanges around the world and displays them in a single unified interface. This allows customers to find the best rates in the crypto market, while choosing their desired payment methods and most trusted crypto providers. If a deal is not of the customer’s liking, there are many more to choose from.
  • Users can access the comparison tool on a standalone website with full integration with Trezor hardware wallets, which are known to be the most secure wallets in the crypto ecosystem. By using a Trezor hardware wallet with the Trezor Suite interface, users can enjoy all of Invity’s features such as buying/selling and exchanging. All of these services can be used in a safe environment.
  • A cryptocurrency exchange section that allows users to instantly swap their coins. This process takes a couple of minutes and gives many exchange options.
  • Fixed and floating rates; Fixed rates will arrange an order for a time limit, protecting the user from market volatility, while floating rates starts the transaction at the current market price.
  • Non-custodial crypto service with many available cryptocurrencies.
  • Affilliate program that rewards users with roughly 70% of all your referred transactions. Earnings can go up to 80% after 10 successful conversions.

Fees

Invity has a wire/credit card fee which will depend on the partner exchange and payment method.

For buying crypto

  • Banxa – 1%–4%
  • BTC Direct – 2.5%–4%
  • CEX – 6.5%
  • Coinify – 2.2%–4.2%
  • Mercuryo – 4.95%
  • Simple Coin – 2.2%–4%
  • Simplex – 6%
  • Wyre – 1.2%–4.9% + USD 0.30 (minimum USD 5.00 total)
  • Xanpool – 0.75%–2.8%

For exchanging crypto

  • ChangeHero – 1.5%
  • Changelly – 1.5%
  • ChangeNow – 1.5%
  • LetsExchange – 1.5%–1.9%
  • SideShift.ai – 1.25%

For selling crypto

  • BTC Direct – 2.5%

Supported cryptocurrencies

Invity supports over 500 cryptocurrencies, including major performing assets like Bitcoin, Ethereum and BNB and many other altcoins. There are also recognized crypto assets like Stellar, Cardano, Tezos, DASH, EOS, DOGE, Matic, Fantom, ATOM, NANO, Ethereum Classic and more.

Supported fiat currencies

Invity supports payments in ZAR, AED, ARS, AUD, BRL, CAD, CHF, CLP, CZK, DKK, EUR, USD, GBP, HKD, HUF, ILS, INR, JPY, KRW, MXN, MYR, NOK, NZD, PHP, PLN, RUB, SEK, SGD, THB, TRY, TWD, UAH and VND.

Payment methods

Depending on the fiat currency and location, Invity can offer over 21 payment methods. These include credit card (Visa/Mastercard) and debit card (Visa/Mastercard).

The expanded payment are set according to supported countries:

  • Countries in the European Economic Area (EEA) – SEPA transfer
  • Australia – BPAY, Australia Post Billpay, PayID
  • Austria – SEPA transfer, Sofort, Giropay, EPS
  • Belgium – SEPA transfer, Bancontact
  • Canada – DCBank Interac e-Transfer
  • Denmark – SEPA transfer, Sofort
  • Germany – SEPA transfer, Sofort, Giropay
  • Hong Kong – FPS
  • India – UPI
  • Indonesia – GoJek
  • Luxembourg – SEPA transfer, Bancontact
  • Malaysia – DuitNow
  • Netherlands – SEPA transfer, iDeal
  • New Zealand – Bank Transfer
  • Philippines – Instapay
  • Singapore – PayNow
  • Switzerland – SEPA transfer, Sofort, Giropay
  • Thailand – Prompt Pay
  • Vietnam – Viettel Pay

KYC Verification

There will be some providers that require KYC procedures to process a deal. Invity automatically displays these requirements when listing all the available deals, if they are needed.

KYC documents include a picture of your passport/ID card and a selfie holding one of them. Verification can take 1-5 days and then, the user can exchange with any of the supported providers.

Ease of use & interface

Invity.io is very easy to use and users are guided through every step of a purchase/exchange. Also, fees are taken into consideration before the user agrees to go on.

However, Invity’s interface is very charged with different data and can be more complicated to navigate for beginners. It is recommended to explore Invity’s Frequently Asked Questions section before carrying out any exchange or crypto purchase.

The main page lists all of the available Invity services, so you can go straight to any operation from the menu.

Security

As mentioned before, Invity has a full integration with Trezor hardware wallets to offer the most secure environment for all operations. Also, being a non-custodial exchange makes Invity a lot safer than other alternatives.

Although users can sign up for an official Invity account, there is no 2FA and other security measures for completing exchanges.

Customer Support and User Experience

Customer support is offered via email, which can be accessed via Invity’s FAQ or the help button in the lower righthand corner of Invity.io pages. Although not instant, the Customer Support is always ready to analyze cases and solving problems within the platform.

Invity.io has a 4/5 score on its TrustPilot review page  and although there are few complaints, Customer Support has been quick to tackle on any issue. The Invity service has not been hacked before and no transactions have been corrupted.

Pros and Cons

Pros

  • Non-custodial exchange.
  • Highly recognized founders and technical team.
  • Multiple available features (Buying, selling and exchanging crypto).
  • Relatively small transaction fees.
  • Many supported crypto and fiat currencies.
  • Secure platform with useful integrations.
  • High-rewarding affiliate program.

Cons

  • No mobile app.
  • No trading tools.
  • Interface can be a little confusing to beginners.
  • Swaps/Purchases are limited.
  • Not an anonymous service.

 

 

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