Company

Blog

19th January 2021
By Kaine

With the cryptocurrency markets soaring it’s hard to avoid it. From mainstream news publications to office meetings to dinner party conversations, cryptocurrency is a hot topic on everyone’s lips. Whether you’re new to the industry entirely, or you’ve been on the sidelines for a while, we’re here to guide you through how to buy cryptocurrency Read more

With the cryptocurrency markets soaring it’s hard to avoid it. From mainstream news publications to office meetings to dinner party conversations, cryptocurrency is a hot topic on everyone’s lips. Whether you’re new to the industry entirely, or you’ve been on the sidelines for a while, we’re here to guide you through how to buy cryptocurrency with the revolutionary Tap app. 

How To Buy Cryptocurrency

The cryptocurrency industry might sound intimidating, but with products like this one there is little to be afraid of. You don’t need a rocket science degree to figure it out, with Tap the processes are simple and the app easy to use. Before we start you’re going to need to download the app from either the Apple or Google Play store. Once you’ve registered with your email address, follow the instructions below and you’ll have your digital assets in no time. 

Step 1: Complete Your KYC

Before you can buy cryptocurrency on any reputable exchange, you will need to complete a process called KYC (Know Your Customer). This is mandatory for new customers and is in regulations with anti money laundering regulations. For the Tap KYC procedure you will need to submit the following:

  • Address
  • Country
  • Selfie
  • Proof of Identity
  • Proof Of Permanent Address

You’ll be guided through each step by the intuitive app (as per images below). The process won’t take more than a few minutes, and once completed you will receive an email with a submission confirmation and a tracking number. To check on the status of your application, you can go to the Setting feature of the app and enter the tracking number. Once your KYC application has been approved, you will receive a confirmation via email and all the features of the app will be available. 

tap kyc

Step 2: Load Your Account With Money

In order to buy cryptocurrency you will need to load your Tap Cash Wallet with Euros. In order to do so click the Add Money icon (blue circle with a plus sign, as per image below) and select the Cash, Add via Bank Transfer option. 

From here you will be given banking details of the Tap Global account, to which you can make your transfer. Be sure to have a look at the current price of the cryptocurrency you would like to buy and transfer an amount that correlates with how much of that cryptocurrency you would like to purchase. Once the transaction is complete the funds will appear in your Tap Cash Wallet (under Assets on the homescreen).

tap add money

Step 3: Buy Cryptocurrency

Depending on which cryptocurrency you are looking to buy (Bitcoin, Ethereum, Litecoin or all of the above), you will select the relevant cryptocurrency from the list. Under Assets on the home screen, select Crypto, then select the cryptocurrency you want to purchase. Select the blue Options button and this will take you to the relevant crypto wallet pages (see below).

crypto wall

Select the Buy option and the Tap App will scan through available order books and reputable exchanges online to find you the best price. Enter the amount that you would like to purchase and the app will calculate the total (including network fees). Once you are happy with the price and amount, select Confirm Trade. You will receive an email confirming your transaction, once you have confirmed, the transaction will be processed.

buy bitcoin

Step 4: Check Balance

Depending on the network, your cryptocurrency will soon be added to the relevant wallet which you can view from the home screen (under Assets). 

Congratulations, you have officially made your first purchase with Tap (as well as completed this how to buy cryptocurrency guide). If you’re looking for the most reliable and simple way to get access to the best prices available on the market, be sure to stick with Tap and we’ll make sure you’re always getting the best.