Today, we dive into an exciting new feature - thanks to Onramper, you can turn your fiat into crypto directly from BlockWallet’s home screen.
Check out the guide below and learn how to buy crypto with your local fiat currency on your BlockWallet account. Let's dive in.
How Does It Work?
Onramper serves as an accessible bridge that connects your local fiat currency with the world of crypto. With this service, BlockWallet users can effortlessly purchase a range of cryptocurrencies using their local currency. The purchasing process is executed through the Onramper widget after users accept the terms of service.
Step-by-Step Guide to Buying Crypto
Transferring cryptocurrency to your BlockWallet account using Onramper is a straightforward process. Here's how you can get it done:
- Buy: Begin by clicking 'Buy' on the home screen.
- Choose your Currencies: Next, select your local fiat currency and the cryptocurrency you wish to purchase.
- Agree to the Terms: Carefully read and agree to the terms for buying crypto via Onramper, then click 'Buy'.
Complete the Purchase: Finally, input the desired amount and follow the instructions provided on the Onramper widget to complete the purchase.
Why Use Onramper?
Onramper is a unique tool that brings together multiple cryptocurrency purchasing options. It gives users the flexibility to compare offers and identify the most suitable method for buying crypto. Its ability to deliver the purchased crypto directly to your BlockWallet account simplifies the process, making Onramper an ideal on-ramp for users looking for a seamless experience.
Understanding KYC Requirements
It's vital to be aware that most on-ramp services, including Onramper, require users to complete Know Your Customer (KYC) procedures for security reasons. The extent of these procedures can vary based on the amount of cryptocurrency you intend to purchase.
However, rest assured that BlockWallet does not collect or store any KYC information. Instead, this data is provided to the third-party service via the Onramper widget, and users must agree to its terms of service.
Onramper provides a smooth and easy-to-follow process for BlockWallet users to purchase cryptocurrencies using their local fiat currency. The integration of Onramper within the BlockWallet platform continues to foster a seamless and user-friendly experience for users as they navigate through the decentralized finance landscape. With this step-by-step guide in hand, you're ready to venture forth and buy your first (or next) batch of crypto. Go ahead, try it out for yourself!