IN1 is a mobile app for everyday crypto and fiat operations, built on third-party card providers. In January 2026, the Polish financial regulator KNF revoked the licence of IN1’s card partner — Quicko Sp. z o.o.: IBAN accounts, SEPA transfers and card payments were suspended according to the company’s official notice. But even before that, IN1 did not address the core need of a serious investor: if the task is to legally move €50,000+ from Bitcoin or USDT, purchase real estate in the EU or enter an investment — IN1 stops where the real work begins: it does not issue Proof of Funds for a notary, cannot open a full bank account for a non-EU resident, and does not provide compliance support with the receiving bank. Xpaid is a regulated financial service where crypto source verification, IBAN, and Proof of Funds are part of a single process.
Who should choose Xpaid — and who should choose IN1?
Both services work with cryptocurrency and fiat — but for fundamentally different purposes. Before comparing the details, it is worth identifying your situation:
| Xpaid is the right choice if… | IN1 is the right choice if… | Neither service fits if… |
| Your transaction is from €10,000 — real estate, investment, corporate payment | You need a crypto card for everyday spending and online purchases | You need anonymity without KYC — neither Xpaid nor IN1 offers that |
| A notary, bank or investment fund requires Proof of Funds — an official document confirming the origin of funds | You want convenient crypto and fiat storage in a single app | The sender’s or recipient’s country is under international sanctions |
| You are a non-EU resident or a Ukrainian citizen without a European bank account | A €15,000 daily limit is sufficient for your card operations | The amount is under €1,000 — transaction costs will make any option impractical |
| You need a full bank IBAN — not an e-wallet, but a real account at a regulated institution | You have EU residency and need convenient conversion of smaller amounts | — |
| Your business requires a corporate account, bulk payouts or compliance documentation | — | — |
| You need end-to-end support: crypto source verification, conversion, IBAN and transfer in a single process | — | — |
Xpaid vs IN1: comparison by key parameters
| Parameter | Xpaid | IN1 |
| Product type | Regulated financial bridge for large-scale operations | Crypto wallet and mobile app for retail users |
| Target audience | Investors, entrepreneurs, businesses with capital from €10,000 | Individuals for everyday payments and small transfers |
| Minimum amount | €10,000 | No minimum |
| Proof of Funds | Yes — official document following AML verification, accepted by EU notaries and banks | No — not included in the product |
| Account type | Full bank IBAN at a regulated EU institution | IBAN as an e-wallet reference — not legally a bank account |
| SEPA withdrawal | Built into the process — following crypto source verification | 1% (min. €3) — but SEPA top-up via IBAN is temporarily suspended |
| Conversion fee | Transparent fixed fee with no hidden spreads | 1% for ETH/BTC, free for other assets — but 2% for currency exchange by card |
| Crypto AML verification | Certified blockchain analytics — built into onboarding | Basic KYC at registration |
| Documents for notary | Full compliance package — AML confirmation, source of funds statement, Proof of Funds | Not available |
| Corporate accounts | Yes — for legal entities, bulk payouts | No |
| Non-EU resident support | Yes — specialises in clients without an EU bank account | No — available to European Economic Area residents only |
| Ukrainian citizen support | Yes — both EU residents and non-residents | Limited — EU residency required |
| Card operation limit | Not a card product — no transfer amount cap | €15,000 per day for online purchases |
| Inactive account fee | Not applicable | €100 if no transactions within 30 days |
| Regulatory status | Polish Virtual Currency Register, certificate 2401-CKRDST.4225.173.2025 | Registered in the UAE (Abu Dhabi), Poland and Dubai |
| Intended use | Real estate, investments, corporate payments, capital legalisation | Everyday spending, small transfers, crypto card |
| Current status | Fully operational | IBAN, SEPA and card operations suspended from 21.01.2026 — licence of partner Quicko Sp. z o.o. revoked by KNF decision. Transition period until 30 April 2026 |
Data current as of 2025–2026. IN1 terms may change — check current fees at in1.io/fees. Xpaid fees are confirmed individually depending on transaction amount and direction.
What happened to IN1 in January 2026
On 21 January 2026, the Polish Financial Supervision Authority (KNF) revoked the licence of Quicko Sp. z o.o. — IN1’s card provider. The company published an official notice for its customers. The following were suspended:
IBAN accounts and SEPA transfers in EUR — unavailable until the end of the transition period (30 April 2026).
Card payments — in-store, online, and via Apple Pay and Google Pay are suspended.
Card top-ups — from external apps are unavailable.
This situation illustrates the structural difference between a mobile app and a regulated financial service. IN1 depends on external card providers — when a partner loses its licence, the client loses access to core functions. Xpaid does not depend on card providers: crypto source verification, IBAN and Proof of Funds form a single regulated process with no external vulnerabilities.
Proof of Funds: why IN1 does not solve the core problem
There is one task that no crypto wallet in the world can solve — however convenient it may be. When approaching a notary to purchase an apartment in Spain, entering an investment fund, or opening an account at a major EU bank — the question is not how much is in the account. The question is where the funds came from. And this is where the fundamental divide between IN1 and Xpaid lies.
What Proof of Funds is and when it is required
Proof of Funds is an official document confirming the legal origin of funds used in a transaction. Not a balance statement. Not an app screenshot. A legally significant document confirming the source of capital.
It is required in four key situations:
Notary when purchasing real estate in the EU — without Proof of Funds, the transaction will not proceed regardless of the balance in the account. Spain, Portugal, Poland, Cyprus — the requirement is universal.
Bank when opening an account — when making a large deposit or transferring a significant sum, the bank’s compliance department will halt the operation and require an explanation of the origin of funds.
Investment fund or partner when entering a deal — no legitimate fund in the EU will accept capital without confirmation of its cleanliness.
Tax authority when declaring large assets — particularly relevant for Ukrainians legalising crypto capital in Europe.
What IN1 provides and why it is not enough
IN1 is a reliable product that does its job honestly: stores crypto, converts to fiat, provides a card for spending. But when a notary or bank requests Proof of Funds — IN1 can only provide a wallet statement or transaction confirmation.
This is not the same as Proof of Funds. The fundamental distinction:
A statement from IN1 confirms — “the client has €80,000 in the account”
Proof of Funds confirms — “these €80,000 have a legal origin, verified through certified AML tools, and here is the document that proves it”
A notary in any EU country understands the difference. The first document will be rejected. The second — will close the deal.
Additionally: IN1 is designed exclusively for residents of the European Economic Area. For Ukrainian citizens without EU residency, full use of the service is not possible — let alone obtaining any documentation for a transaction.
How Xpaid resolves the documentation issue systematically
At Xpaid, Proof of Funds is not an add-on service ordered separately. It is the standard outcome of onboarding. Xpaid is not an app where the client independently navigates documents and banks. It is personal support from crypto source verification through to a closed deal.
The process works as follows: the client provides the wallet address and transaction history → Xpaid conducts AML analysis through certified blockchain tools → verifies address cleanliness, absence of links to sanctions lists and suspicious protocols → the client receives an official document that EU banks and notaries accept without further questions.
Typical situation: A client held €95,000 in USDT on IN1. Found an apartment in Warsaw. Went to the notary with an app statement — and was refused. The notary explained: Proof of Funds with AML verification of the crypto source is required, not a balance statement. Through Xpaid, the client received the full documentation package within 48 hours and closed the deal without any further questions from the notary.
IBAN vs E-wallet: the fundamental difference for large-scale operations
Both services — Xpaid and IN1 — provide an IBAN. But these are different things with the same name. And when it comes to a large transaction — purchasing property, transferring to a notary, or entering an investment — this difference determines whether the deal happens at all.
Why e-wallets are not accepted when purchasing real estate
Developers, notaries and receiving banks in EU countries, when processing large transactions, check not only the transfer amount — they check the status of the sender’s account. This is where the problem begins.
An e-wallet is a payment instrument. It allows funds to be stored, converted and used for payments. But legally it is not a bank account in the traditional sense. The IBAN issued by an e-wallet service is a technical reference for receiving transfers — not confirmation that funds are held at a regulated banking institution with full compliance status.
In practice this means: a notary in Portugal or Spain processing a €150,000 transaction will request confirmation that the transfer originates from a full bank account. A transfer from an e-wallet IBAN will either be rejected or placed on hold for additional review — and the deal will remain in limbo for an indefinite period.
What a full bank IBAN is and why it matters
A full bank IBAN is the account reference of an account held at a regulated financial institution operating under the supervision of a central bank or financial regulator in an EU country. Such an account has a complete transaction history, meets AML/KYC requirements and is legally equivalent to a traditional bank account in any transaction.
The difference between a bank IBAN and an e-wallet IBAN is not in the number sequence — it lies in the legal status of the issuing institution and the operations that can be conducted with it:
Bank IBAN is accepted by: notaries when purchasing real estate, developers for escrow settlements, investment funds when entering a deal, corporate partners for large B2B payments.
E-wallet IBAN is sufficient for: subscription payments, peer-to-peer transfers, small online purchases, conversion of smaller amounts.
When the transfer amount crosses the €10,000–15,000 threshold and the transaction involves real estate or investment — the bank status of the account becomes the decisive factor.
How Xpaid opens an IBAN for non-residents online
The core problem for most Xpaid clients is not the absence of funds — it is the absence of an account. EU banks refuse Ukrainian non-residents account opening due to heightened Due Diligence requirements. Without an account — no IBAN. Without an IBAN — no legal transfer for a transaction.
Xpaid breaks this deadlock. A full bank IBAN is opened in the name of the client or legal entity in an EU jurisdiction — entirely online, with no physical branch visit.
What is required for opening: passport, proof of residential address, and the results of the crypto source AML verification from the first onboarding step. Timeline — 1–3 business days.
Importantly: Xpaid opens an account at a regulated financial institution — not a payment wallet. This means the transfer from this IBAN is accepted by the notary, developer or receiving bank as a standard bank transfer with no additional questions about account status.
Typical situation: An entrepreneur from Kharkiv held €130,000 in USDC. Found commercial premises in Kraków. Three Polish banks refused to open an account — non-resident. IN1 is unavailable without EU residency. Xpaid opened a full IBAN within 2 business days, verified the USDC wallet and transferred funds to the notary. Deal closed on time.
Large amounts: where IN1’s capabilities end
IN1 honestly positions itself as a product for everyday finances. And in that niche it works well. But there is a point beyond which the architecture of a retail app begins to create problems — and that point arrives much sooner than most clients expect.
Limits and compliance risks with large transactions through retail platforms
The first obstacle a client encounters when attempting to move a large amount through IN1 is the product’s technical limitations. The card online transaction limit is €15,000 per day. SEPA top-up via IBAN is temporarily suspended at the time of writing. The card top-up fee is 2.5% of the amount. On an €80,000 transaction, the top-up fee alone comes to €2,000 — before accounting for conversion and transfer.
But technical limits are only the first part of the problem. The second — and more serious — part is the compliance risk on the receiving bank’s side.
When a receiving bank sees a large incoming transfer from an e-wallet platform, automated compliance filters flag the transaction as potentially suspicious and route it for manual review. The reason is straightforward: large sums of crypto origin through retail platforms are a classic pattern that banking AML systems are trained to detect.
What follows: funds frozen at the receiving bank, the client receives a request to provide documentation on the origin of funds, and IN1 is unable to assist in this situation — compliance interaction with the receiving bank is not part of its product. The client is left alone with the bank, without documents and without support.
Typical situation: An entrepreneur attempts to withdraw €85,000 USDT through a retail crypto platform to a Polish bank account for a property payment. On day four the bank sends a request regarding the origin of funds. The platform provides only a transaction statement. The bank freezes the funds — the client independently assembles documentation through a lawyer at a cost of €4,500 and several weeks of waiting.
In a retail app the client is left alone with the bank — without documents and without support. At Xpaid there is a dedicated manager and a full compliance package — at every stage from verification to transfer.
Why Xpaid is built for large-scale operations
Xpaid is built on the assumption that a compliance check will happen — and resolves this before the funds move, not after.
The €10,000 minimum is not an access restriction — it is the product’s focus. Crypto source verification takes place at the onboarding stage through certified blockchain analytics tools. By the time funds are converted and transferred to the IBAN — Xpaid already holds full documentation of their origin.
The result: a transfer from an Xpaid IBAN arrives at the receiving bank as a standard bank transaction with a verified source. Automated compliance filters do not trigger because there are no grounds — the funds have already passed AML verification and carry documentary confirmation.
For the client this means one thing: the deal closes on time, without frozen accounts and without calls from the bank’s compliance department.
Corporate clients: why IN1 is not a B2B solution
For individuals who need to pay conveniently by card and convert smaller amounts — IN1 addresses that need. But for companies with a corporate crypto treasury or with regular payouts to team members and counterparties — IN1 simply does not have the required product. Not because it is poor quality. Because it was not built for that purpose.
What businesses need for legal crypto settlements
A business operating with crypto capital and obligations to a team or counterparties in the EU faces a set of tasks that are qualitatively different from retail operations.
Corporate account with IBAN — a legal entity cannot use a personal account for business settlements. A separate corporate IBAN in the company’s name is required, capable of processing B2B payments and receiving funds from counterparties.
Source of funds confirmation for audit — accounting departments and tax authorities during audits require documents explaining how funds arrived in the corporate account. A crypto wallet statement does not work here — AML verification and an official document confirming the origin of capital are required.
Bulk payouts — if a team has 10–20 people across different EU countries, monthly salary payments must be processed as standard bank transfers in EUR to employees’ personal accounts. No corporate partner will accept payouts from a crypto wallet.
Corporate reporting — every transaction must be documented in a format accepted by an accountant and auditor. Statements from retail crypto apps are not designed for this purpose.
IN1 has none of these tools. No corporate accounts, no bulk payouts, no compliance documentation for business use. It is a retail product — and it makes no claim to be anything else.
Xpaid for business: corporate IBAN and bulk payouts
Xpaid opens corporate accounts for legal entities — including companies with Ukrainian founders that EU banks systematically refuse due to heightened Due Diligence requirements for non-residents.
The process for a corporate client is just as straightforward as for an individual: verification of the company’s crypto treasury through certified AML tools → opening a corporate IBAN for the legal entity → conversion of crypto assets to EUR → bulk payouts to employee and counterparty accounts as standard bank transfers.
Every transaction is accompanied by full documentation accepted by accountants, auditors and tax authorities. No crypto app statements — only standard banking documents.
Typical situation: An IT company with Ukrainian founders held a corporate treasury in USDC — €180,000. Team: 14 people in Poland, the Czech Republic and Portugal. Objective: monthly salaries in EUR to employees’ personal bank accounts. Three EU banks refused to open a corporate account — founders are non-residents. IN1 has no corporate product. Xpaid verified the USDC treasury, opened a corporate IBAN within 3 business days and processed bulk payouts to all 14 employees in a single process instead of 14 separate transactions.
How Xpaid works: from crypto to legal transfer
The entire process is online. From first contact to transfer to the notary’s, developer’s or corporate partner’s account. No physical branch visits and no need to personally explain the origin of crypto assets to a bank.
Days 1–2: Crypto source verification
The client provides the wallet address and transaction history. Xpaid conducts AML analysis through certified blockchain tools: verifies address cleanliness, absence of links to sanctions lists and suspicious protocols. The verification result forms the legal basis for Proof of Funds.
Days 2–4: IBAN opening
A full bank IBAN is opened in the name of the client or legal entity in an EU jurisdiction. Required for opening: passport, proof of address, and the verification results from the first stage. The account is opened at a regulated financial institution — not a payment wallet.
Days 4–6: Conversion and crediting
Cryptocurrency is exchanged for fiat — EUR, USD or GBP — at the market rate with no hidden spreads. Funds are credited to the IBAN as a standard bank deposit with a full transaction history and source documentation.
Day 7: Transfer and Proof of Funds package
A standard bank transfer is made from the IBAN to the recipient — notary, developer or investment fund. Simultaneously, the client receives an official documentation package: AML verification, source of funds statement and Proof of Funds in a format that EU banks and notaries accept without further questions.
Total timeline: 5–7 business days from first contact to closed deal.
When IN1 is not enough: three real-world scenarios
Below are three scenarios with which clients come to Xpaid. Not hypothetical — these are typical situations that repeat across different amounts and countries but follow the same logic: capital exists in crypto, there is a specific objective, and there comes a moment when the retail platform stops and says “we can’t go further from here”.
Scenario 1. Purchasing real estate in the EU with crypto capital
Situation: An entrepreneur sold Ethereum worth €200,000 and wants to purchase an apartment in Spain. Funds were held on IN1. The notary scheduled the signing date in 10 business days and specified two mandatory documents: a transfer to an escrow account and Proof of Funds confirming the legal origin of funds.
Why IN1 does not work: IN1 does not issue Proof of Funds — the product is not designed for this. The app statement the client brought to the notary was rejected: the Spanish notary explained that an official document confirming the origin of capital with AML verification is required, not a balance confirmation. Separately — the €15,000 daily card limit makes withdrawing €200,000 technically impossible within an acceptable timeframe. SEPA top-up is suspended. The client is at a dead end with 10 days to signing.
How Xpaid resolves it: Xpaid verifies the client’s Ethereum wallet through certified AML tools within 48 hours. Opens an IBAN, converts the funds and transfers them to the notary’s escrow account. Simultaneously the client receives the full Proof of Funds package in a format the Spanish notary accepts without further questions. Deal closes on time.
Scenario 2. Entering an investment fund or private deal
Situation: An investor accumulated €280,000 in USDT from the sale of a startup stake. Received an offer to enter a commercial real estate deal in Poland through an investment structure. The fund set a deadline for participation confirmation — 14 business days. Entry condition: confirmation of the legal origin of capital and a transfer to the fund’s account from a verified bank account.
Why IN1 does not work: The investment fund does not accept transfers from an e-wallet platform and does not recognise a crypto app statement as confirmation of capital origin. The client is not an EU resident — IN1 is not fully accessible. Even if the technical capability existed — the product lacks the tools to generate the compliance documentation the fund requires. A legal consultant estimated independent resolution at €8,000–12,000 and 2–3 months of work with no guaranteed outcome.
How Xpaid resolves it: Xpaid conducts full verification of the USDT source, opens an IBAN and provides the fund with a complete compliance package: AML verification, capital origin confirmation, Proof of Funds in a format the investment structure accepts for deal entry. The client enters the investment as a legal partner with confirmed capital — on time and without additional legal costs.
Scenario 3. Corporate payouts from a crypto treasury
Situation: A product company with Ukrainian founders operates in the EU market. Corporate treasury — €220,000 in USDC. Team: 16 people in Poland, Germany, Romania and the Czech Republic. Monthly salary payments in EUR are required to employees’ personal bank accounts. Additionally — regular payments to contractors and SaaS services.
Why IN1 does not work: IN1 has no corporate product. Paying salaries from a founder’s personal crypto wallet is legally incorrect and impossible to document for accounting purposes. Opening a corporate account at an EU bank for a company with Ukrainian founders is possible but takes 3 to 6 months and frequently ends in refusal. The team is waiting for salaries. Contractors are issuing invoices. The treasury exists — the tool does not.
How Xpaid resolves it: Xpaid verifies the corporate USDC treasury as a legal source of payouts, opens a corporate IBAN for the legal entity within 3 business days and processes bulk payouts in EUR to the accounts of all 16 employees and contractors. One process instead of 16 separate transactions. Every payout is documented in a format accepted by accountants and auditors.
Transfer money securely with expert support at every step — including compliance checks and financial monitoring.
Xpaid is a fintech hub specializing in the integration of cryptocurrency solutions and financial services, simplifying transfers and payments.
CHOSEN XPAID?
Xpaid — the regulated bridgefor those IN1 can't support.
Crypto source verification, IBAN, Proof of Funds and transfer — in a single process. No legal intermediaries, no months of waiting.
- Onboarding within 24–48 hours
- Proof of Funds for a notary or EU bank
- Bank IBAN — not an e-wallet
- Certificate 2401-CKRDST.4225.173.2025
Frequently Asked Questions About the Difference Between Xpaid and IN1
About Proof of Funds, bank IBANs, and when an IN1 isn't enough.
