To buy cryptocurrency through the Tangem Wallet, follow these steps:
1. Access the “Buy” Feature in the Tangem App
- Open the Tangem app on your smartphone (iOS or Android).
- Select the cryptocurrency you want to purchase (e.g., Bitcoin, USDT) and tap the Buy button. This redirects you to Mercuryo, Tangem’s integrated third-party onramp service.
2. Complete KYC Verification
- Mercuryo requires Know Your Customer (KYC) verification for transactions, especially for larger amounts. You may need to provide:
- A government-issued ID.
- Proof of address.
- A selfie.
- KYC ensures compliance with anti-money laundering (AML) regulations and is a one-time process for future transactions .
3. Choose Payment Method and Currency
- Supported Payment Methods:
- Credit/debit cards (VISA).
- Apple Pay or Google Pay.
- Accepted Fiat Currencies:
- Mercuryo supports multiple fiat currencies, including USD, EUR, GBP, and others (check the updated list in the app) .
4. Enter Transaction Details
- Specify the amount of cryptocurrency you want to buy or the fiat amount to spend.
- Confirm your country and payment method.
- Review the transaction details, including fees and exchange rates, before proceeding .
5. Finalize the Purchase
- Enter your email and card details (if using a credit/debit card).
- Tap Pay to complete the transaction.
- The purchased cryptocurrency is automatically sent to your Tangem Wallet’s address. Delivery can take minutes to hours, depending on network congestion .
Key Notes:
- Supported Cryptocurrencies: Bitcoin, Ethereum, USDT, and dozens of others (varies by region and service provider).
- Security: Funds are transferred directly to your Tangem Wallet’s secure chip, which uses EAL6+ certified hardware to protect private keys .
- Fees: Mercuryo charges fees based on payment method and transaction size. Check the app for real-time fee details
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