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Beginner's guide
How to Use Banxa to Buy Crypto

How to Use Banxa to Buy Crypto

Beginner
2023-01-04 | 5m

Step 1

Log in to your Bitget account and click [Buy crypto] - [Third-party Payment] from the navigation bar.

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Step 2

Choose the fiat currency and the crypto you want to buy. Enter the amount you want to spend in fiat. Select [BANXA] as the payment channel and click [Next].

Please note that the minimum order amount on Bitget through Banxa is $50.

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Step 3

You will be redirected to BANXA’s website when you have agreed to the terms and click [CONFIRM]

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Step 4

You can review your order and choose your payment method, then click [Create Order].

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Please note:

For SEPA Bank Transfer, Sofort, and iDEAL – the bank account has to be in your name (i.e. the name of the person creating the order has to be the same as the name on the bank account). SEPA payments are available in Europe and may take 1-2 business days to clear. A receipt is required. Sofort payments also take 1-2 business days. iDEAL payments are instant.

For Visa/Mastercard – the card needs to be your personal (not business) card and has to be in your name. Payments with Visa/Mastercard are processed instantly. However, the transaction will be put through as a pre-authorization only to hold the order. The actual payment amount is taken only when the order is fulfilled.

Step 5

If you are purchasing for the first time from Banxa through Bitget, you will need to go through a verification process. In this step, you will be able to enter your contact details, including your email address and phone number.

You will also need to upload a photo of your ID document and a selfie while holding your ID on Banxa. Please read the instructions provided during the process carefully.

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Notes:

- Please double-check if you entered both correctly, as that is the email address Banxa will use to get in touch with you regarding your order, and they might also reach you via SMS, depending on the payment method you choose.

- The selfie needs to be clear, not blurry, and without any glare. Your face must be clear, and the information on the document you are holding has to be readable. The photo must be taken on the day of your order. Failure to follow instructions may result in your order being delayed or canceled. Please also note that creating the order does not necessarily mean you have passed verification. The process is happening in the background, and if you do pass it, your order will be fulfilled. If you do not, it will most likely be canceled and refunded.

- Failure to follow instructions may result in Banxa’s order being delayed or canceled. Your document needs to be valid and current. Also, please ensure that when you take a photo of your document, all important details are visible and not obscured in any way.

Step 6

After submitting the documents for verification purposes, you will fill in your payment details. Please make sure you are using your personal card (a card that is in your name), or a bank account in your name.

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Then complete the payment and wait for confirmation of payment, then return to the Bitget page.

Once the transaction is completed, you will receive an email from Banxa. At the same time, you will also receive a deposit confirmation email from Bitget once your asset is credited into your account.

Simply create an account, and start exploring the incredible Bitget-Verse today!