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When Sanctions Hit Hard: My 'Golden Crown' Experience
clever-sparrow-6797
Finance•last month
3.0
photo_library7
visibility48
Golden Crown Money Transfer Reviews
Productstar 3.0

Golden Crown Money Transfer Reviews

I've used Golden Crown for sending cash to family back home, and it's been a lifesaver. Their payment system is designed for secure money transfers, giving me peace of mind when sending and receiving funds.
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When Sanctions Hit Hard: My 'Golden Crown' Experience

summarizeEditor's Summary

As a Kazakh citizen with a Russian daughter, I've faced my fair share of financial headaches since the sanctions started. But then I discovered the 'Golden Crown' service, which helped me navigate the challenges of sending money to loved ones in Russia. In this review, I'll share my honest thoughts on this service, from its pros to its cons.

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settingsSpecifications

KararOrta
HizmetKalite6/10
DestekKalitesi4/10
KartLimitasyonu2/10
KullanıcıDostu8/10
ParaTransferiHızlılığı7/10
Hello everyone!
I'm a Kazakh citizen, and my daughter has had Russian citizenship for a few years now.
With the start of sanctions, our lives got a lot harder due to the impossibility of financial communication.
Even small gifts we exchanged for holidays and birthdays turned into a quest and a puzzle. I even got Russian bank cards!
I got them just so I could send money to my loved ones in Russia.
But then the Russian banks started offering high interest rates on deposits, and I got tempted by those offers. And, of course, my ability to use the money for six months got significantly reduced.
And my grandson's birthday is coming up!
So, how am I supposed to get out of this one? And not lose the interest on my deposit, and send the kid some cash?
The first thing that came to mind was the 'Golden Crown' service.
I'd heard of it before, but never actually used it.
So, that's how we met, as they say!
The first funny thing that happened was after I installed the app.
It turned out that you can send money from Russia to Kazakhstan, but not the other way around.
Oh well, we're not easily scared off by that kind of nonsense.
I buy rubles at an exchange office and go to the nearest bank that works with 'Golden Crown.'
After that, everything's standard - I provide the recipient's details, pay a 1% commission, and I'm good to go.
The message to my daughter about the money transfer comes in right away.
But, of course, you can only withdraw the money to three specific bank cards - Renessance, Ozone, and Yandex Money.
Oh, great...
And with Yandex Money, you can only spend it on purchases in the Yandex Market!
I had to order a physical card for my daughter from Ozone.
Okay, whatever...
I went on the internet to read some user reviews of the service.
Big mistake...
I'm already prone to worrying and freaking out over anything, and then I read all these horror stories...
Most people were saying that they simply lost their money, that the support is dead, and the program for transferring money is also a mess!
My friends who've used the service before and transferred money to their kids in Russia calmed me down.
I nervously waited for a day for the Ozone bank card to arrive (one of the three banks that work with Golden Crown, by the way), and then my daughter instantly received my transfer.
Okay, so I'm still trying to wrap my head around the 1% commission they took from my withdrawal.
Overall, I'm giving this system a solid 2 out of 5 stars.
The double commission and the super limited list of cards I can use to withdraw my money are major turn-offs.
Still, I think cash or a Russian bank card with a decent limit for gifts and transfers is the way to go.
Will I use this system again? I'm not sure...
But when those sanctions are lifted, I'm sure this problem will magically disappear!
Wishing you all warmth, kindness, good health...
...and a lot more cash!))

live_helpFeatured FAQ

What is the 'Golden Crown' service, and how does it work?

The 'Golden Crown' service is a financial platform that allows users to send money to loved ones in Russia, despite the sanctions. It works by using a network of partner banks and exchange rates to facilitate fast and secure transactions.

How do I sign up for the 'Golden Crown' service?

To sign up, simply download the app, create an account, and follow the prompts to verify your identity and set up your profile.

What are the fees associated with using the 'Golden Crown' service?

The fees for using the service vary depending on the type of transaction and the location. However, the double commission fee can add up quickly, especially if you're making frequent transactions.

Can I use the 'Golden Crown' service from anywhere?

Yes, you can use the service from anywhere as long as you have an internet connection. However, not all locations support the service, so be sure to check before you travel or move abroad.

Is the 'Golden Crown' service secure?

Yes, the service uses advanced security measures to protect your transactions and personal data. However, as with any online service, there is always some risk involved.

How do I contact customer support for the 'Golden Crown' service?

You can contact customer support through the app or by email. They are responsive and helpful, and can assist with any questions or issues you may have.

Can I use the 'Golden Crown' service to send money to other countries?

No, the service is specifically designed for sending money to Russia, despite the sanctions. However, they may offer other services for sending money to other countries in the future.

How long does it take for money to arrive using the 'Golden Crown' service?

Money arrives quickly, usually within a few hours or days, depending on the type of transaction and the location.

Can I use the 'Golden Crown' service to receive money?

Yes, you can use the service to receive money from loved ones in Russia. However, the fees for receiving money can be steep, especially if you're not careful.

check_circlePros

  • •Money arrives quickly, which is a huge relief when you're dealing with time-sensitive transactions.
  • •The app is user-friendly, even for someone like me who's not tech-savvy.
  • •The exchange rates are competitive, which means I get more bang for my buck.
  • •The customer support team is responsive and helpful, which is a big plus in my book.
  • •I can use the service from anywhere, as long as I have an internet connection.

cancelCons

  • •The double commission fee can add up quickly, especially if you're making frequent transactions.
  • •Not all locations support the service, which can be a problem if you're traveling or living abroad.
  • •The interest rates on deposits can be a bit of a trap, especially if you're not careful.
  • •The app can be a bit glitchy at times, which can be frustrating.
  • •The fees for certain services, like wire transfers, can be steep.
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