[Wallets](https://revain.org/wallets/) › Volet.com

# Volet.com: keys, security, fees and reviews

Custodial wallet

## In short

- **Custody model**: Custodial e-wallet: balances are held in the user's Volet.com account, not in a wallet the user controls.
- **Fees**: Inactivity fee: Personal accounts with no transactions for six months are charged $1 per month (as of 31 October 2026).
- **Risks and caveats**: Custodial service: Volet.com, not the user, holds the balances, and it says it is not a bank.
- **Checked**: 31 October 2026

## Key facts

- **Wallet type**: Custodial wallet
- **Who holds the keys**: the provider
- **Developer**: Queensland Foreign Exchange Inc.
- **Formerly**: Advcash
- **Official site**: [volet.com](https://volet.com/)

Key facts checked on 31 October 2026 against official sources.

## Status

Advcash was renamed Volet.com on 26 March 2024; advcash.com redirects to volet.com and existing accounts moved to the new site.

## What is Volet.com

Volet.com (formerly Advcash) is a custodial e-wallet for fiat and crypto balances with prepaid cards, transfers and a payment gateway for merchants. It says it is not a bank.

## Who holds the keys

| Parameter | Details |
|---|---|
| Custody model | Custodial e-wallet: balances are held in the user's Volet.com account, not in a wallet the user controls. |
| Account after the rename | Same account and login; no new account needed. |

## Features and supported networks

| Parameter | Details |
|---|---|
| Balances and transfers | Fiat and crypto balances; hold, send, receive and convert money across currencies. |
| Cards | Prepaid cards; the first cards linked to digital assets were released in 2015. |

## Security incidents

No security incident is recorded in the sources checked on 31 October 2026 (the company’s own channels and incident databases): [api.llama.fi/hacks](https://api.llama.fi/hacks), [hacked.slowmist.io/search](https://hacked.slowmist.io/search/), [rekt.news/leaderboard](https://rekt.news/leaderboard), [volet.com/blog](https://volet.com/blog)

## Fees

| Parameter | Details |
|---|---|
| Inactivity fee | Personal accounts with no transactions for six months are charged $1 per month (as of 31 October 2026). |

## History

| Date | Event |
|---|---|
| 2014 | Advcash launched as a digital wallet. |
| 2015 | First cards linked to digital assets. |
| 26 March 2024 | Renamed Volet.com; new terms and legal structure. |

## Risks and caveats

- Custodial service: Volet.com, not the user, holds the balances, and it says it is not a bank.
- The only registration named in its terms is a FINTRAC money services business registration (No. M23153297) of Queensland Foreign Exchange Inc., which is a registration, not a licence.
- Personal accounts with no transactions for six months are charged $1 per month until activity resumes.

## About the developer

- **Operator (Canada)**: Queensland Foreign Exchange Inc., Toronto, Canada; registered money services business with FINTRAC, MSB No. M23153297 (per the company's terms).
- **Operator (Costa Rica)**: Second February Limitada, registration number 3-102-918773, Costa Rica.
- **Before the rename**: Advcash operated under Belize licences from 2014; the Belize entity was replaced.
- **Current terms**: Current terms in force since 26 March 2024.

## Official links

- Website: [volet.com](https://volet.com/)
- About: [volet.com/company/about-us](https://volet.com/company/about-us)
- Rename notice: [volet.com/blog/post/advcash-is-now-volet-com](https://volet.com/blog/post/advcash-is-now-volet-com)
- Terms (Canada): [volet.com/agreement-canada](https://volet.com/agreement-canada)
- Terms (Costa Rica): [volet.com/agreement-costa-rica](https://volet.com/agreement-costa-rica)

## Questions and answers

**What happened to Advcash?**

Advcash was renamed Volet.com on 26 March 2024. advcash.com redirects to volet.com, and existing accounts work there with the same login.

**Who operates Volet.com (Advcash)?**

Its terms name Queensland Foreign Exchange Inc. in Toronto, a money services business registered with FINTRAC (No. M23153297), and Second February Limitada in Costa Rica.

**Is Volet.com a bank?**

No. Volet.com (formerly Advcash) is a custodial e-wallet for fiat and crypto balances and says it is not a bank.

**Does Volet.com charge an inactivity fee?**

Yes. As of 31 October 2026, personal accounts with no transactions for six months are charged $1 per month until activity resumes.

## Sources

- [volet.com](https://volet.com/blog/post/advcash-is-now-volet-com)
- [volet.com](https://volet.com/agreement-canada)
- [Volet.com — About us](https://volet.com/company/about-us)
- [Volet.com — Terms and Conditions (Costa Rica)](https://volet.com/agreement-costa-rica)

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Page updated: 2026-10-31

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Source: https://revain.org/wallets/volet/