In addition to the token to token exchange updates to the CoolBitX Crypto app, we are excited to announce that the ability to exchange fiat to crypto is also now available. This is all made possible by our recent partnership with BANXA. With BANXA built right in, you can now purchase crypto directly without having to leave the app.
How do I convert fiat into crypto with CoolWallet S?
Purchasing cryptocurrency with a credit card with your CoolWallet S and the CoolBitX Crypto app is quick and easy. You can follow the steps below:
1) Open the CoolBitX app on your smartphone and navigate to the Exchange page. Tap Crypto Purchase.
2) Choose the Fiat currency you wish to pay with and the crypto you would like to convert it to.
3) The exchange rate will then be displayed.
Please note that BANXA is the only provider at the moment. We plan to add more exchanges in the future to allow for more fiat and crypto support.
4) After choosing BANXA, please select the address you would like your crypto to be sent to.
5) After you have verified that everything looks correct, you may Check Out. Please note that you will be required to fill out some identification fields before your payment can be processed.
6) Let’s take a look at some of the ID information that is required if this is your first time using BANXA. You’ll first need to confirm the amounts.
7) Some general KYC is required, for example email, and mobile phone number. Other information that is required can also be found below.
Pin code verification is required for your phone number.
Also your full name, date of birth and country of residence.
Finally, you’ll be required to take a picture of yourself holding your ID and a paper note that displays “Banxa Purchase” as well as the date and your phone number.
8) Enter your credit card information here and tap ‘Make Payment’.
9) Once you’ve entered your credit card information and the transaction is successful, you will be redirected back into the CoolBitX app.
10) Payment should now be completed and you will receive your crypto shortly.
What currency is supported with BANXA and CoolWallet S?
The following Fiat currency is supported with BANXA and CoolWallet S:
The following cryptocurrency is supported with BANXA and CoolWallet S: