You can purchase ETH and other cryptocurrencies at any time by using our partner product, SwitchPay, a global digital asset onramp. To begin, navigate to UseSwitchPay.com/buy-crypto and select the digital asset you want to buy. Next, enter the amount of the transaction.
Follow the simple on-screen instructions. Be prepared to enter the wallet address where your currency will be deposited and the card information for your method of payment. In addition, there will be some KYC (Know Your Customer) steps required to complete the transaction. The depth of the identity verification is determined by the limits for purchasing associated with your transaction.
Once your identity has been verified, follow the remaining steps and your cryptocurrency will be deposited into your designated wallet within minutes.
US customers can expect a 50% approval rate due to individual bank rules and regulations involving the purchase of cryptocurrencies.
If you have any questions, reach out to the Switch Success Team at support@switchrewardcard.com.
Helpful Tips:
- Log in using your mobile device for the best limits and to use your phone camera to complete the KYC process.
- To view your limits, login with your email and select My Limits from the menu found in the top right-hand corner.
- Use a debit card for the highest rate of approval.
- Approval of your transaction depends on your bank's policies and not on your balance or the transaction amount. Contact your banking provider for details about their approval policies.
- Credit card purchases to onboard a cryptocurrency can be classified with cash advance transactions. Contact your card provider for detailed information.
- KYC verification may be required for larger transactions. Purchases can be made for up to $3,000/transaction with a higher level of KYC. For USD transactions, limits are set at $5,000/day and $25,000/month. Non-USD currency limits are $15,000/day and $50,000/month.
Digital Assets and Custody are provided by Fortress Trust LLC and Ibanera LLC. Fortress Trust and Ibanera LLC are not insured depository institutions or banks. Digital assets are not legal tender, are not insured by the Federal Deposit Insurance Corporation ("FDIC"), and are not subject to protections afforded to bank deposits. Digital assets are subject to extreme price volatility and may lose value. Digital assets held in your digital asset account (i.e. rewards wallet or trade wallet) are not insured by any governmental entities, including but not limited to FDIC. As with any asset, the value of digital assets can go up or down and there can be substantial risk that you lose money buying, selling, or holding, in digital assets. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. No bank guarantee and may lose value.
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