Steps on How to Open  Perfect Money Account

Launched in 2008, Perfect Money has been described as an online platform that guarantees the ease of executing safe money transfers and making instant payments. Perfect Money is a notable option among HYIP fund payment systems and is well suited for transactions in two of the world’s leading currencies –euro and the US dollar.

Perfect Money is a Switzerland-registered financial service and it is considerably one of the trusted means for making payments for Premium, considering that a decent number of VPN Tunneling Software options have included it in their sites.

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Visa and Mastercard did not gain widespread usage in Nigeria until between 2005 and 2010. With a population of about 200 million (as of 2019), Nigeria still does not have financial inclusion for all of its population. This creates a gap for alternative digital currencies where an internet payment system is required. One of such systems is Perfect Money (PM).

In this article, you’ll find out how to create a Perfect Money Account (by simply registering with Perfect Money) and the easy steps for funding your Perfect Money account as well as withdrawing funds from it.

PM is popular in Iran, Vietnam, Nigeria, Pakistan and to some extent, Japan.

There is no public record that shows Perfect Money is regulated by the financial authorities of any country. Thus, there is a higher element of risk in your use of this online wallet.

How did Perfect Money grow?

Perfect Money may have been started as far back as 2007. For the next 6 years, however, it lurked in the background as an alternative to the now-extinct Liberty Reserve. It didn’t have much patronage nor use. When the United States government shut down Liberty Reserve in 2013 for money laundering, the usage of Perfect Money spiked upwards sharply and has remained wildly popular as an alternative digital currency ever since.

Another factor that would be considered a direct consequence of Liberty Reserve’s shut down is that Perfect Money stopped using as its primary domain for its website and email. It instead migrated to Iceland’s ccTLD .is with the domain name

What is the Ownership Structure of Perfect Money?

There are no public records about the ownership structure of Perfect Money. It may be connected with owners in Russia, the Czech Republic or somewhere else in eastern .

As of 2010, its EV SSL showed it had a company registration in the Central American country of Panama. There is no public evidence that this company is still active.

What currencies does Perfect Money support?

The online wallet supports funds deposits in United States Dollars (USD), European Euro (EUR), Gold (XAU) and Bitcoins (BTC). A user can add, receive, spend or maintain funds in any of the currencies.

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Buy and Sell Perfect Money in Nigeria

You can buy PM from any reputable PM exchanger in Nigeria. Dozens of them can be found from a Google Search. They would typically accept Naira via bank deposit/transfer to their business account, mobile money transfer, cash payment at their office while a few might accept card payments.

In choosing an exchanger, it is very important to verify the credibility of the company. Considering PM is not licensed to operate in Nigeria, (neither see any of the exchanges), you have no legal recourse should the exchange abscond with your money.

  • How long have they been in business?
  • Do they have a traceable address?
  • Are they registered with the Corporate Affairs Commission (CAC)?
  • How much traffic does their website receive? (Alexa might help with a vague idea here).
  • Are they reachable on phone? Do they have a landline?

Steps for Getting Registered with Perfect Money

  • Click the link here to visit the registration page of Perfect Money
  • On this page, you’ll find a registration form into which you should fill necessary details
  • Subsequently, “agree” to the terms of service stipulated by Perfect Money
  • Complete the registration process by tapping the Sign Up button

Funding Your Perfect Money Account

Funding your Perfect Money account is important as it guarantees you the possibility of using Perfect Money to perform online transactions. As regards funding your Perfect Money account, you’re at liberty of choosing from a number of funding methods provided by Perfect Money Certified Partners. These funding methods are:

  1. Wire transfer
  2. Visa/MasterCard debit/credit cards
  3. Western Union/Money Gram
  4. Other E-currencies

Alternatively, you can use the available direct funding method in loading funds into your Perfect Money account. To use this method, sign into your Perfect Money account and follow the instructions below:

  • Tap the option Deposits
  • Select Instant Bank Transfer
  • Then, Certified Exchange Partners
  • Direct Deposit (for Austrian, Swiss, Belgian and German account holders)
  • Cash Terminals (for Ukraine and Russia)

Withdrawing from Your Perfect Money Account

Just as Perfect Money guarantees you the ease of making deposits so does it allow you to easily withdraw funds. If you’ve got some fund in your Perfect Money wallet and would like to change it into real money, rest assured that you can do this through Bank Transfer. Put simply, this means you’ll have to withdraw the Perfect Money fund into your local bank account. So, follow the steps below to convert your Perfect Money fund into real money:

  • Log in to your Perfect Money account and explore the Withdrawal section
  • Under this section, click the bank transfer option
  • Input the necessary details for the withdrawal
  • You’ll be subsequently presented with a withdrawal order (provided you input the appropriate details) –Note that while $100 is the lowest amount you can withdraw through bank transfer, you’ll likely have to wait for 3-5 working days before receiving the fund. Although Perfect Money’s fund release is done within 24 hours from the moment a withdrawal order is generated, you’ll have to wait for the said number of days before getting your fund
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Verifying Your Perfect Money Account

You may decide not to verify your Perfect Money account but factually, verifying your account guarantees you access to Perfect Money’s advanced benefits. Notably, account verification is intended to help create a considerable amount of trust with other users of Perfect Money. Most importantly, you’ll have to pass three validation tests (namely Address Validation, Phone Validation and Name Validation) before you can have a verified Perfect Money account.

Can I convert my funds to PayPal or Bitcoins?

The short answer is Yes.


PayPal typically frowns at all and every use of its services in relation to any other digital wallet. You would hardly find any reputable exchanger openly offering an exchange from PayPal to PM or vice versa. Your only option might be private exchanges with traceable and trusted individuals.

There is a high chance Pay Pal will freeze your account where they catch a glimpse of any PerfectMoney exchange.


Bitcoin is much more open and not centrally managed. Exchanging BTC for PM or vice-versa is not only easy but can be fast and straight-forward where you use an automated exchange service.


What is Perfect Money?

PM is an online wallet system that enables most people from around the world to store and spend money online.

Is Perfect Money available in Nigeria?

Yes. Perfect Money is available in most countries including Nigeria. The notable exception is the United States of America. No US citizen or resident of the US can open or operate a PM account.

Is Perfect Money Safe?

“Safe” is relative. If you consider an unregulated online wallet based in a place you can not trace to be safe, then perhaps PM is safe. Their country of active incorporation is not published and the only address on their website is a mailing address in Hong Kong.

How can I buy Perfect Money in Nigeria?

You can buy PM through any of the dozens of exchangers in Nigeria. A Google Search will help but do some due diligence to avoid losing your Naira.

How do I withdraw money from Perfect Money?

This is the reverse of funding. You would typically pay the PM funds you wish to withdraw to an exchanger, who would then pay you in Naira, US Dollar, Euro or whatever currency you agree on. The exact process and payment methods with each exchanger would vary.

Can I buy Perfect Money with a credit card?

Yes but this is very difficult. Strict rules by card schemes like MasterCard or Visa make this almost impossible. To prevent fraud, the few exchangers who would dare accept credit cards also implement a very stringent verification process for every customer they will accept card payment from.

How do I buy Bitcoin with Perfect Money?

This is super easy. Considering neither Bitcoin nor Perfect Money are as risky to accept as say PayPal or Credit Cards, many exchangers would readily accept process this exchange. Popular platforms like Localbitcoins also have dozens of open trades for this transaction.

Is Perfect Money legal in Nigeria?

Perfect Money as a company is not registered in Nigeria nor is the service licensed by the banking regulator CBN. Your use of this wallet is at your own risk.

How do I transfer money from PayPal to perfect money?

PayPal’s terms of service strictly prohibit the exchange of funds from PayPal to some other wallet service. You may be able to transact privately or with exchangers who would risk this but you may lose your PayPal account if found out.

How do I find out my Perfect Money account number?

You can locate this after login to your account. There are 4 wallet numbers. One for each of the US Dollar, Euro, Gold and Bitcoin accounts.


We hope you have found this article useful for creating a Perfect Money account or funding the account.As you may wish to open a Perfect Money account for certain online transactions, do well to verify the account so that you can enjoy unrestricted access.

Perfect Money can serve as a perfect option for sending and receiving money where there is no access to more traditional banking and financial services. However, extreme caution must be applied considering the fact that it stands a chance of being targeted by US authorities for being unregulated.

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