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.
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.
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.