SwiftEx enables users to purchase cryptocurrencies using fiat currency through its On/Off Ramp feature. This guide walks you through the process, ensuring a seamless and secure experience.
Prerequisites
For transactions above a certain amount (e.g., $50, varies by region; check Alchemy Pay documentation), KYC verification is required.
How to Buy Crypto with On-Ramp
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Access the On/Off Ramp Section
Open the SwiftEx App. Navigate to the Exchange tab and select the On/Off Ramp section.
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Choose a Provider
Select a trusted provider (e.g., Alchemy Pay) to handle fiat-to-crypto conversion securely.
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Select Currencies and Payment Method
- Buy tab is selected by default.
- Choose your fiat currency (e.g., USD, INR, or other region-specific fiat currencies supported by the provider).
- Select the cryptocurrency to buy (e.g., Bitcoin, Ethereum).
- Pick a payment method based on your region (e.g., Credit/Debit Card, Bank Transfer, UPI, or other local payment options; check with the provider for available methods).
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Enter Transaction Details
Input the fiat amount you want to spend. The equivalent crypto amount is calculated based on real-time rates. Review the summary (rates, fees, estimated delivery time).
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Complete Your Purchase
Tap Buy Now. If the transaction exceeds the no-KYC limit (e.g., $50, varies by region), complete KYC (see KYC Verification section). Enter payment details, review the final summary, and tap Confirm. Crypto will be credited to your wallet.
Post-Purchase
After a successful transaction, view details in the Settings section under Transaction History.
Security Note
All transactions are processed securely by trusted providers, with data encrypted and compliant with global standards (e.g., GDPR, CCPA).