Now you have downloaded Coinomo, you must be very excited. There are many things you can play with in our app, but the first step is always to get some money in. So if you don’t already have cryptocurrency, how to buy crypto for the first time?
We recommend you to buy stablecoins like USDC first. Their value are pegged to US Dollars and you can use them to gauge value, invest in our DeFi products and to exchange into other cryptocurrencies like Bitcoin. You can find out more about stablecoins here. Buying USDC with credit card is very easy.
So, how to buy USDC with credit card?
Step 1: Go to homepage and click on “Credit Card”
Step 2: In the following page, click on “USDC”. You need to finish our ID Identification (KYC) process for the use of credit card. You can find out how to do KYC in Coinomo, here.
Step 3: After finishing your KYC process, you can come back to the previous page and click “Next”. You will see this next page. And click “Next” again to continue to buy USDC.
Step 4: Input your credit card details in the next page. When you finish, click “Create” to continue to buy USDC.
Step 5: After you have created your credit card in Coinomo, you can key in the amount of USDC you want to buy in the next screen, and click “Next”.
Step 6: Circle charges 2.9% service charge (to cover Visa fees) and 0.4 USD for transaction cost. Coinomo does not charge any fees for USDC credit card payment. You can check out the exact fee breakdown here.
Step 7: Success! You have successfully bought USDC. A confirmation email will be send to you instantly and you will see the USDC in your wallet within 72 hours.