SunCash Review: Sand Dollar, Payments and Crypto Custody

Ask around Nassau how to get crypto with cash and someone will mention SunCash. That makes sense: it is a familiar Bahamian name, it runs store locations where you can load cash, and its legal entity appears on the Securities Commission’s digital asset register. But a registration is not the same as a crypto service. As of 22 October 2026, SunCash does not advertise any way to buy, sell or hold Bitcoin.

What SunCash actually does

SunCash is a mobile money and payments company. Its website lists six everyday services: sending money worldwide through the app, with pick-up at its store locations; paying bills from the app; prepaid mobile top-ups at home and abroad; loading cash with a debit or credit card or at a SunCash store; donations to charities; and the SunCash Wallet for checking balances. Merchants can accept payments through “SunCash Mobile Money”. The site doesn’t publish fee amounts or a list of store addresses.

SunCash is also one of the Central Bank’s AFIsAFI Authorised Financial Institution: a company the Central Bank approves to offer Sand Dollar wallets, such as SunCash, Island Pay or Kanoo. Glossary for Sand DollarSand Dollar The Central Bank’s digital version of the Bahamian dollar, launched in October 2020. It is not a cryptocurrency and cannot be swapped for crypto directly. Glossary, the digital Bahamian dollar. Sand Dollar wallets have two individual tiers: Tier I holds up to B$500 and moves B$1,500 a month with no ID, while Tier II holds up to B$8,000, moves B$10,000 a month, requires government ID and can be linked to a bank account. Sand Dollar is not a cryptocurrency, and it only works inside The Bahamas.

The SCB registration: custody, nothing more

Sun Island Transfers Ltd. is on the Securities Commission’s register of digital asset businesses under the DARE ActDARE Act The Digital Assets and Registered Exchanges Act 2024, the Bahamian law that requires crypto businesses operating in or from The Bahamas to register with the Securities Commission. Glossary 2024. Its registered activity is a single one: custody of digital assets. It is not registered to operate an exchange, to swap crypto for cash, or to provide transfer services. A business that did those things without registration would be breaking the Act, so the narrow scope tells you what SunCash is permitted to offer.

The register doesn’t say which digital assets SunCash may hold, and SunCash hasn’t published a crypto custody product. Whether the registration supports its Sand Dollar wallet business or a future crypto service is not something we could confirm. Treat it as a regulatory permission, not a product you can sign up for.

SunCash vs Cash N’ Go

Cash N’ Go is the closest comparison, and the two look almost identical on paper.

Cash N’ Go offers bill pay, money transfer, Aliv top-ups, game top-ups and payouts, and a mobile wallet from its main store on Rosetta Street. An SCB money-lender list from September 2025 describes its digital asset role as “custody of digital assets and wallet provision”. Neither firm publishes a crypto product.

If you want crypto, here’s the practical route

SunCash is useful around the edges. Pay a bill, top up a phone, or keep a Tier II Sand Dollar wallet linked to your bank. For the crypto itself, buy on an exchange with a Bahamian Visa or Mastercard debit card, paying the 1.5% stamp dutyStamp duty (FX) A 1.5% government tax on converting Bahamian dollars into foreign currency, charged by your bank. Glossary and your bank’s foreign card fee. Our card guide lists fees by bank, the Sand Dollar guide explains the indirect bridge, and the exchange comparison shows which platforms accept Bahamas residents.

Where to go next

Sand Dollar & crypto Tier limits, wallet providers and why there is no direct Sand Dollar-to-Bitcoin swap. Read guide Bitcoin ATMs Every crypto ATM ever listed in The Bahamas, and what to do now that none are live. Read guide Registered companies The official DARE register, decoded firm by firm. Read guide Buy with a card Card fees bank by bank, from 0% to 2.75%, and the fixes for declined payments. Read guide