How CacaoCash Works: Where Your Money Goes, Step by Step (2026)

CacaoCash works in five steps: you verify your identity, you deposit by bank transfer (or crypto), your money becomes digital dollars (USDC) in a wallet in your name, a local payments partner converts them to pesos when you pay or send, and the pesos arrive as an ordinary instant transfer in seconds, any day. CacaoCash is not a bank, and it does not hold your funds: the wallet is yours and you can export it whenever you want.

This guide follows your money from the moment you load it to the moment it lands in Argentina, says who handles each stage and what each one costs, and is clear about what CacaoCash is not. It is for people who already heard of the app and want to understand it before downloading. For the safety side, read is CacaoCash safe; for amounts, CacaoCash limits.

How CacaoCash works, step by step

1. Verify your identity. You sign in with email, Google or Apple and verify with a document and a selfie through Persona, the identity verification provider. Foreigners can use any valid passport. Argentines can use their DNI or passport. A Spanish NIE does not work. You have to be 18 or older.
2. Deposit. You send a bank transfer to a virtual account: euros by SEPA to a Luxembourg IBAN in your name provided by Banking Circle, US dollars by ACH or wire, pounds by Faster Payments, Mexican pesos by SPEI, Colombian pesos by Bre-B or Brazilian reais by Pix. You can also deposit crypto (USDC). Details in depositing US dollars by bank transfer and depositing euros with SEPA.
3. Your money becomes USDC. Euros and pounds are converted to US dollars (USDC) at about 0.5% below the market rate. US dollars arrive in full. The app shows your balance in dollars: you do not need to know anything about crypto.
4. You pay or send pesos. You scan a QR or paste an alias, CBU or CVU, and type the amount in pesos. Before you confirm, the app shows the name of the account holder, the exchange rate, the 2.5% fee and the exact pesos that will arrive. Full detail on the fees page.
5. Conversion and delivery. Manteca, the local payments partner registered in Argentina, converts your USDC to pesos at the crypto dollar rate and the payment leaves through Transferencias 3.0, Argentina's instant transfer system, like any local transfer. It arrives in seconds, 24/7. The receipt stays in the app.

Who does what

Assumptions: figures as of November 2026. The 2.5% fee and the exact pesos are shown in the app before every payment. For reference, on 9 November 2026 1 US dollar became about 1,595 pesos that arrive, so US$100 ≈ 159,500 pesos, US$500 ≈ 797,500 pesos and US$1,000 ≈ 1,595,000 pesos. The rate changes every day, check the Argentina dollar rate page and the quote in the app.

Where your money sits: USDC in your own wallet

Your balance is held in USDC, a digital dollar, in a Solana wallet in your name. CacaoCash does not have custody of your funds: you can export the wallet whenever you want from the app (it reveals the private key). Never share that key with anyone: CacaoCash never asks for it.

Because the wallet is yours and exportable, if CacaoCash stopped operating your USDC would still be yours and you could move them with the private key. This is a consequence of how the wallet works, not a promise about the future of the company.

For Argentines: receiving pesos and withdrawing to Spain

If you verify with an Argentine DNI or passport, the app opens your own CVU to receive pesos. Those pesos are converted to dollars at the crypto dollar rate. You can then withdraw in euros to a Spanish IBAN in your name: the withdrawal costs 0.5% plus a margin of about 0.5%, and arrives instantly through SEPA Instant. Foreigners cannot receive pesos. Read sending money from Argentina to Spain.

What CacaoCash is not

• It is not a bank. It does not open Argentine bank accounts, and foreigners do not get an alias or CVU of their own to receive pesos.
• It sends pesos to an alias, CBU, CVU or merchant QR.
• It does not ask for your private key or sell your personal data.
• Limits depend on our banking provider and can change. In November 2026: 3,000,000 pesos per transfer, 6,000,000 per month and 20,000,000 per year. The app shows the current ones. For larger amounts read large peso payments in Argentina.

To compare the rates behind the conversion, read card dollar vs crypto dollar. To understand where the money lands, read alias, CVU and CBU explained. For the complete guide to sending pesos, see how to send pesos to Argentina as a foreigner.

Frequently Asked Questions

Does CacaoCash hold my money?

No. Your balance is USDC in a wallet in your name and you can export it whenever you want from the app. CacaoCash is not a bank and does not have custody of your funds.

Who converts my dollars to pesos?

Manteca, a local payments partner registered in Argentina. It converts your USDC at the crypto dollar rate and the payment arrives through Transferencias 3.0 as a regular local transfer.

How long does it take for pesos to arrive?

Seconds, 24/7, because the payment goes through Argentina's instant transfer system.

What if I send to the wrong alias?

The app shows the account holder's name before you confirm, so check it. If you still make a mistake, write to support at info@cacaocash.com, which handles the claim. We cannot promise a recovery or a timeline.

Is there a PIN or Face ID?

Yes. The app uses a PIN and Face ID (biometrics) to open it and to confirm payments.

Do I need to know about crypto?

No. The app shows your balance in dollars. The USDC and the wallet work behind the scenes, and you can export the wallet if you ever want to.

Ready to see the numbers? Send pesos to Argentina with CacaoCash or pay a QR in pesos.