Best HUMBL Pay Brokers 2025
Discover the best brokers with HUMBL Pay deposits and withdrawals following our rigorous hands-on tests.
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Introduction to HUMBL Pay
HUMBL Pay is a company that focuses on two main things: making payments through an app and investments using blockchain technology. In this overview, we’ll look at their two main services for customers: the new HUMBL Pay app, which helps you make quick online payments, and the HUMBL Financial ETX product, which is about investing. We’ll also mention some top brokers that accept payments through HUMBL.
How We Picked The Best HUMBL Brokers
When choosing the best brokers for HUMBL, we:
- Identified firms from our list of 500 online brokers that accept HUMBL payments
- Made sure they support both deposits and withdrawals using HUMBL for trading
- Ranked them based on our own observations and over 100 data points to come up with their overall rating
What is HUMBL?
HUMBL is a financial technology company from the US that started in December 2020. Its journey began as a different company called Tesoro Enterprises but gained attention from investors when it merged with HUMBL, which led to a sudden increase in its stock price. People saw HUMBL as having the potential to become as big as PayPal. At its peak, the company was valued at about $450 million, even though it hadn’t started earning revenue yet.
Recently, HUMBL has begun rolling out its services to customers gradually. HUMBL now offers three main services:
- HUMBLPay: A platform for transferring money
- HUMBL Studios: A marketplace for freelancers to sell their services
- HUMBL Financial: A platform for investing in blockchain-based products
Their HUMBL Pay app, released in April 2021, quickly gained over 22,000 users in its first weekend. You can download it on both Android and Apple devices to make fast, secure payments.
HUMBL Pay is available in several countries like the United States, Mexico, Canada, Australia, New Zealand, and Singapore.
HUMBL Pay Details
This payment service aims to compete with popular apps like PayPal and Venmo by offering instant transfers through your phone. You can pay merchants by scanning a QR code. Although it’s still new, HUMBL plans to expand its services to include person-to-person transfers and solutions for making payments in stores. This will likely make it a preferred method for deposits and withdrawals at major trading brokers.
Quick Payments
Using HUMBL Pay to pay for goods or services is immediate. This means you can expect fast deposits when using it with brokers, although withdrawals might take a little longer due to processing times. Generally, transactions will take 2-3 days, which is competitive with other options like VISA, Skrill, and Neteller.
HUMBL Financial
HUMBL Financial introduces a new investment product called ETX, positioned as the future of investing. This takes traditional exchange-traded funds (ETFs) and centers them around blockchain technology. Investors can select from various “blocks,” or funds, that include a mix of cryptocurrencies like Bitcoin, Ethereum, and DigiByte. These blocks can be indexed, themed, or actively managed and are adjusted periodically based on factors like market changes and liquidity.
Unlike a broker, HUMBL Financial operates more like a tool that assists with trades, sending buy or sell orders to one of three big exchanges: Binance, Coinbase, or Bittrex.
Fees
HUMBL charges a flat fee for investing in ETX products. There is also a $4.99 monthly fee if you want to use their automated trading features.
Regulation
HUMBL Financial is quite new and not yet regulated by any official authorities. As the company grows and offers more financial services like credit cards and personal loans, regulation will become necessary.
Security
Since HUMBL is not a broker, when you invest through their ETXs, the security of your funds is managed by the exchange handling your transaction. All trades are done through encrypted systems that ensure safety.
Is HUMBL Good for Trading?
Although HUMBL Pay is still young, it has attracted significant interest in the finance world, especially after its merger with Tesoro Enterprises. As HUMBL expands, more brokers are expected to adopt it for low-cost, fast transactions.
For those interested in blockchain, HUMBL Financial’s ETX options offer a new way to engage with crypto assets. The next few years will be crucial in how the company grows, so it’s worth keeping an eye on.
Frequently Asked Questions
How Does HUMBL Pay Work With My Trading Account?
HUMBL Pay is a new platform intended to compete with services like PayPal and Venmo. It seeks to connect users by providing fast digital transfers between consumers, freelancers, and companies.
What Is HUMBL Financial?
HUMBL Financial gives a straightforward option for investing in cryptocurrency through its ETXs, which are like blockchain-based ETFs. It automates trades by using major exchanges like Binance, Coinbase, and Bittrex.
Is HUMBL A Trading Broker?
No, HUMBL is not a broker. It offers ETX investments facilitated through popular cryptocurrency exchanges. Although currently unregulated, this is expected to change as their services expand.
How Can I Get Help If Something Goes Wrong With My HUMBL Deposit?
If you need help with HUMBL Pay, customer support can be reached through their website’s ‘Contact Us’ page. The team is responsive to questions from users and also monitors social media platforms like Twitter and Instagram. However, there is no direct email available for support at this time.