Choosing an Electronic Wallet in Ukraine: What to Look Out for?

What Is an Electronic Wallet and How Does It Work?

Users of digital assets are familiar with crypto wallets — tools that enable them to manage purchased tokens and coins. Electronic wallets are online services for storing and transferring primarily fiat money, although some of them also support cryptocurrencies. They are used for online payments, mobile top-ups, sending money abroad, purchasing digital assets, and other financial transactions. Some platforms allow you to create a virtual card that can be used to pay in stores via a terminal. 

Advantages of electronic wallets:

• quick registration;
• ability to make transfers in seconds;
• low or no fees within the system;
• ability to store fiat and cryptocurrencies;
• accessibility from anywhere in the world.

Despite their convenience, electronic wallets have some nuances. Most require verification — without it, their functions are limited. Accounts can be blocked, especially for suspicious transactions. Wallets are also vulnerable to attacks — weak protection or loss of your phone can lead to hacking and loss of funds.

How to Choose the Best Electronic Wallet in Ukraine?

To make the right choice, focus on your needs. First, decide what you need an online wallet for: international transactions, online purchases, receiving payments, or cryptocurrency transactions. This will determine the set of features you need. We recommend paying attention to the following features:

• Security. Choose services with two-factor authentication, data encryption, and a good reputation.
• Functionality. Find out if the wallet supports the transactions you need.
• Commissions. Check the rates and choose the platform with the most favorable terms.
• Currency support. It is important that your e-wallet in Ukraine works with the currencies you need without unnecessary conversions.
• Availability of a mobile app. This will allow you to access your money at any time.
• Additional options. Promotions, cashback, utility bill payments, or zero fees for certain transactions are advantages that may influence your choice.

Most wallets offer free registration, so we recommend trying out a few options before making a final decision.

Top E-Wallets in Ukraine in 2025

We have prepared a brief overview of the most popular online wallets actively used by Ukrainians.

Google Pay/Apple Pay — Convenient and Contactless Payments

Google Pay is a mobile wallet from Google for contactless payments via a smartphone or smartwatch running Android 5.0+. It supports personal data encryption and biometric authentication. Available in over 100 countries, including Ukraine, it has a large list of currencies that is constantly being updated. 

Apple Pay is a service that provides similar services for iPhone, Apple Watch, and iPad users. It offers advanced security features such as Face ID, Touch ID, and tokenization, and is supported by many Ukrainian and international banks.

Wise — international transfers

When you need to send money abroad or receive a transfer, the Wise service can come in handy. It operates in over 160 countries worldwide and supports SEPA/SWIFT transactions. The time it takes for funds to be credited can vary from a few seconds to several days and is immediately displayed in the calculator when you create a request. Transfers in dollars, euros, and other currencies are available from Ukraine, except for hryvnia. You can receive UAH (to a bank account or card) and foreign currency (only to an account). You can withdraw money from Wise through ObmenAT24.

PayPal — shopping abroad

This e-wallet works in over 200 countries, making it suitable for paying for goods and services abroad, as well as for receiving transfers from foreign partners. It offers a high level of security but does not support hryvnia and is only available in English. Fees depend on the type of transaction and can be quite high, so it is worth checking the rates before making a payment.

Payoneer — for freelancers

This is an international platform, especially popular among Ukrainian specialists and entrepreneurs who work with foreign customers. Payoneer allows you to receive payments from freelance exchanges and marketplaces, withdraw funds to Ukrainian bank cards, and use virtual or plastic cards. The service supports over 150 currencies and offers relatively low fees. Our exchange service allows you to top up your Payoneer USD balance with cash with minimal fees.

Volet (formerly "AdvCash") — for cryptocurrency transactions

The Volet multi-currency e-wallet is designed to work with fiat and cryptocurrencies. It has its own internal exchange, which allows you to convert funds and make free transfers within the system quickly. However, there is a 2.5% commission for account replenishment, and the service's cards are not available in Ukraine. ObmenAT24 allows you to exchange Volet USD to cryptocurrency in 10-15 minutes.

Global24 (G-24) — Ukrainian alternative to SWIFT/SEPA

The online service operates on the Global Money platform and provides services through an app. G-24 allows you to transfer money, pay for services, and work with digital currencies using hryvnia. The functionality is available even anonymously, and registration takes 1-2 minutes. Replenishment of gaming accounts, payment for utilities, internet, and mobile communications are carried out without commissions.

Which Wallets Do Not Work Fully in Ukraine?

Due to the state of war, almost all electronic wallets in Ukraine are operating with restrictions. This primarily concerns limits on sending money abroad — the monthly maximum is 100,000 UAH in equivalent. Some services, such as PayPal, do not support UAH and make transfers with conversion. Also, in Ukraine, you can't add money to your PayPal balance directly from your bank account or card, or withdraw cash. Wise doesn't let you open a multi-currency account in Ukraine and, like Volet, doesn't give you access to digital or physical cards.

How to Create an E-Wallet: Step-by-Step Guide

Usually, a few simple steps are enough to get started:

• Download the app or go to the payment service website.
• Create an account. Enter your email address, phone number, and create a strong password.
• Verify your identity. Depending on the service, you may need a photo of your passport or other ID, proof of address (such as a utility bill), and a selfie with the document in your hands.
• Make your first deposit. Sometimes, the service requires a minimum deposit to activate the wallet.

How to Top Up an Electronic Wallet in Ukraine?

You can transfer money to e-wallets in several ways: through the app or website of the service, from a bank card, in cash through a terminal, as well as online or offline through specialized online platforms such as ObmenAT24.

Before replenishing, make sure you enter the details correctly, because a mistake can lead to the loss of funds.

How to Withdraw Money from an E-Wallet?

You can transfer funds from online wallets in Ukraine to bank cards, other electronic services, as well as to crypto wallets with exchange to tokens and coins. This usually requires the following:

• Log in to your account.
• Select the withdrawal method and specify the card or account details.
• Enter the amount, taking into account the commission.
• Confirm the transaction.

The money is credited within a few minutes or hours, depending on the service.

ObmenAT24 allows you to withdraw electronic money in cash in major cities of Ukraine. To do this, you need to submit an application on our website and transfer the currency to our account. After that, our manager will contact you and tell you where and when you can receive your cash.

Which E-Wallet Should You Choose for Cryptocurrencies?

We will tell you which services are best suited for working with digital assets.

Top 3 wallets for working with crypto

• Payeer is a multi-wallet that supports BTC, ETH, LTC, USDT, and other crypto assets. Its main feature is its own exchange and built-in converter. The service does not require verification for basic use, which is convenient for anonymous transactions. 
• Volet supports top cryptocurrencies, including Bitcoin, Ethereum, Tether, Solana, and Ripple, as well as many fiat currencies, including US dollars, euros, British pounds, and others.
• Global24 (G-24) allows you to buy and sell USDT, TRX, USDC, ETH, BTC, and XMR for hryvnia. 
• PayPal also supports crypto, but these features are not yet available in our country.

Integration with exchanges and exchangers

Direct integration with trading platforms is a key advantage for traders. Volet supports transfers to Binance, and Payeer has its own exchange with minimal fees and fast transactions.

Secure storage of private keys

It is important that private keys are stored on secure wallet servers and that access is only granted after two-factor authentication. Regardless of the service you choose, we recommend enabling all available account security measures.

Looking for a way to top up Payeer (USD) with cash?
With ObmenAT24, you can make transfers quickly, safely, and without overpaying. Applications are accepted only on our website.