How To Buy XTP On Tap

In this guide we’re going to show you how to buy XTP on Tap. As the native token fueling the platform, it seems only right that we give you a quick and simple illustration of how to accumulate XTP. All you’ll need to do is open your Tap app and log into your Tap account. If you don’t have either of these yet, simply download the app from the Google or Apple store and open an account.

What Is XTP?

Before we dive into the act of accumulating the token, let’s first explore what is XTP. The ERC-20 token is native to the platform and allows users to unlock benefits within the trading and spending realms. Issued by Tap n Go Ltd Gibraltar, there is a limited supply of 10 billion XTP that will ever exist. The token provides users with two core benefits: reduced transaction fees and more benefits with regard to the Tap prepaid crypto card. 
Users who opt to use XTP tokens to pay their transaction fees automatically incur a 25% discount. Alternatively, staked XTP can be used to leverage your card levels:Staking 100,000 XTP for 6 months will get you the Tap Black card, whileStaking 500,000 XTP for 6 months will get you the Tap Titanium card.
Each card offers a different set of limits which can be viewed here for UK and here for EEA. Note that all Tap users are entitled to the free Tap prepaid crypto card, with no staking requirements.   

As mentioned above, you will need to have downloaded the app and be logged in. You will also need to be KYC verified, a simple process integrated into the app that requires identity confirmation (a standard and necessary practice for all exchanges). Once this is done, head to Step 1.

Step 1
From the homescreen of the app you will see a heading called Assets. Under here your three primary wallets store your funds: card, crypto, and cash. In this guide we will be using the funds in your cash wallet to increase the XTP funds in your crypto wallet.
In order to load your cash wallet you will need to go into the wallet and select the fiat currency you would like to onboard. From there you will need to choose a means of loading your wallet, select "Add Via Bank Transfer".
You will then need to transfer the amount you stipulated to the banking information provided.
Step 2
Once your Cash wallet is loaded, you can now buy XTP. In order to do this you will need to go back to the home screen and select the Trade option. Scroll through the options and select Tap, followed by the Buy Tap option.
Step 3
You will then need to select how you wish to buy the Tap tokens, you are given a choice of using Bitcoin, Ethereum, Litecoin, Houbi Token, Euros, US dollars and Pound Sterling. Enter the amount of XTP you would like to purchase and select the Confirm Trade icon at the bottom. 
Once complete, you will receive a confirmation email stipulating the order. After the order has been executed the funds will appear in your crypto wallet, under XTP. 

Tap Into The Crypto World With Convenience

After covering what is XTP and how to buy XTP on Tap, you should now have successfully loaded your Tap wallet with XTP tokens. Now you can decide whether to use them either to stake or for transaction fees. You also might wish to hold them as an investment and watch the price grow over the coming months. Either way, you have successfully navigated the Tap app - the world is now your oyster.

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Mastercard is a registered trademark and the circles design is a trademark of Mastercard International Incorporated. Cards provided to EEA residents are issued by Transact Payments Malta Limited and cards provided to UK residents are issued by Transact Payments Limited pursuant to licences by Mastercard International. Transact Payments Malta Limited is duly authorised and regulated by the Malta Financial Services Authority as a Financial Institution under the Financial Institution Act 1994. Registration number C 91879. Transact Payments Limited is authorised and regulated by the Gibraltar Financial Services Commission.
Tap Global Limited (Tap) is licensed and regulated by the Gibraltar Financial Services Commission under the Distributed Ledger Technology (DLT) with license No. 25532.
*the rates applied for transactions within your free limit will be calculated using the Mastercard rates at the time of the transaction, these rates will have no additional mark up or fees from Tap Global Limited.