Today we’re going to show you how to buy bitcoin with a credit card / debit card / bank transfer using the incredible Tap app released by Tap Global. The app allows users to store not only cryptocurrencies, but fiat currencies too. It also utilizes smart trade technology to scan the top exchanges and order books to make certain that you get the most competitive price on the market. Buy, sell and trade Bitcoin with the future of alt banking.
How To Buy Bitcoin With A Credit Card / Debit Card / Bank Transfer
Before we begin, make sure that you’ve downloaded the Tap App from either the Apple Store or Google Play Store. You’ll then need to create an account using your email address. Let’s get started.
Step 1: Get KYC Verified
In order to make any trades on the Tap app you will have to complete a KYC (Know Your Customer) verification. This is a standard procedure across all reputable platforms and complies with anti money laundering regulations. It ensures that both you and the platform remain safe from any fraudulent or illicit activity.
On the Tap app we’ve simplified the process to ensure it is as seamless as possible. Please note that you will be asked to present the following information / documents: address, country, selfie, proof of identity, and proof of permanent address. Simply select the Add Money button to get started (see below).
Follow the instructions and you should be finished in minutes. You will then receive an email confirming that your KYC verification has been received as well as a tracking number for you to use (in Settings). Once your KYC has been approved you will receive another email confirming that you are now officially registered and free to use all the features.
Step 2: Load Your Tap Wallet With Fiat
In case you haven’t explored the app yet, we’ll run you through the Assets section quickly. Under Assets on the homescreen you will see three options: Card, Cash and Crypto. Each of these “wallets” looks at your balance across all Tap’s product offerings. The Card section refers to the Tap Prepaid Card, the Cash section looks at your fiat assets (Euros, US Dollars and British Pounds) and the Crypto section indicates your overall balance across your crypto wallets. Through your Tap account you can hold Bitcoin, Litecoin, Ethereum, XTP (the Tap token) and Huobi Token safely and securely (disclaimer: all your assets are safe and secure!).
In order to buy cryptocurrencies you will need to load your Cash account. Select the Add Money option, then Add via Bank Transfer under the Cash option. You can also add cryptocurrencies directly, but that’s not why you’re here today. Today you’re learning how to buy bitcoin with a credit card / debit card / bank transfer. Choose whether you’d like to onboard Euros or Pounds. You will then be given the bank transfer information, simply transfer the money using the account of your credit or debit card.
Step 3: Check Cash Wallet Balance
After you’ve made the transfer, and the transaction has been successful you will receive a notification. The funds will then reflect in your Cash wallet, under whichever fiat currency you chose to onboard.
Step 4: Buy Bitcoin With The Tap App
With your Cash wallet looking more fruitful it’s finally time to buy Bitcoin! Head back to the blue Add Money icon and select Buy Bitcoin. The smart trade technology we mentioned earlier will now do its thing and find you the best price out there. Enter how much BTC you’d like to buy, or how much Euros you’d like to spend – either way, the app will indicate the total in both currencies under the summary. When you’re happy with the amount, select Buy.
Step 5: You’ve Bought Bitcoin
Once the transaction has been executed, you will again receive a notification to let you know the money is in your wallet. You will now find a new Bitcoin balance waiting for you in the Assets section. You are now able to trade, spend, and sell the Bitcoin, or send it to a fellow Tap user.
Transaction Successful, Mission Successful
With a wallet loaded with Bitcoin and knowing you’ve successfully learnt how to buy bitcoin with a credit card / debit card / bank transfer you should be feeling on top of the world. The Tap app also allows you to pay bills, while the Tap Prepaid Card allows you to spend your crypto on the high street, wherever and whenever you like. Tap into the future with Tap Global today.