What are ‘in-specie’ transfers and do you accept these type of transfers?

 

‘In-specie’ is a Latin term meaning ‘in the actual form’. Transferring an asset ‘in-specie’ means to transfer the ownership of that asset from one person/company/entity to another person/company/entity in its current form, without the need to convert the asset to cash. We only accept cash transfers, we don’t accept any ‘in-specie’ transfers.

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