How To Buy Tap (XTP)?

How To Buy Tap (XTP)

A common question you often see on social media from crypto beginners is “Where can I buy Tap?” Well, you’ll be happy to hear it is actually quite a simple and straightforward process. 

Step 1: Create an account on an exchange that supports Tap (XTP)

First, you will need to open an account on a cryptocurrency exchange that supports Tap (XTP).
We recommend the following based on functionality, reputation, security, support and fees:

1

 Binance

Create Binance Account - How To Buy Tap

Fees (Maker/Taker)            0.075%*-0.1%*

Cryptocurrencies
Available for Trade                             500
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 10% reduced trading fees*

Available in
Europe, Asia, Oceania, Africa

2

 Bybit

Create Bybit Account

Fees (Maker/Taker)             0.1%*-0.1%*

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Available for Trade                              400
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 $30,000 sign-up bonus*

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Europe, Asia, Oceania, Africa

3

 MEXC

Create MEXC Account

Fees (Maker/Taker)                    0.2%*-0.2%*

Cryptocurrencies
Available for Trade                             1500
+

Sign-up bonus
 10% reduced trading fees & up to $170 in USDT vouchers*

Available in
North America, South America, Europe, Asia, Oceania, Africa

In order to sign up, you will need to enter some basic information, such as your email address, password, full name and, in some cases, you might also be asked for a phone number or address.

Note: On specific exchanges, you might need to complete a Know Your Customer (KYC) procedure in order to be able to purchase cryptocurrency. This is most commonly the case with licensed and regulated exchanges.

Step 2: Deposit funds into your account

Many cryptocurrency exchanges will allow you to purchase Tap (XTP) with fiat currencies, such as EUR, USD, AUD and others. Furthermore, they will also provide you with multiple deposit methods through which you can fund your fiat account, such as credit and debit cards, ewallets or direct bank transfers.

Note: Some payment methods will have higher fees than others, such as credit card payments. Before funding your fiat account on your chosen exchange, make sure to do your due diligence to find out the fees involved with each payment method to avoid unnecessary costs.

Step 3: Buy Tap (XTP)

This process is similar across almost every cryptocurrency exchange. All you have to do is find a navigation bar or a search bar, and search for Tap (XTP) or Tap (XTP) trading pairs. Look for the section that will allow you to buy Tap (XTP), and enter the amount of the cryptocurrency that you want to spend for Tap (XTP) or the amount of fiat currency that you want to spend towards buying Tap (XTP). The exchange will then calculate the equivalent amount of Tap (XTP) based on the current market rate.

Note: Make sure to always double-check your transaction details, such as the amount of Tap (XTP) you will be buying as well as the total cost of the purchase before you end up confirming the transaction. Furthermore, many cryptocurrency exchanges will offer you their own proprietary software wallet where you will be storing your cryptocurrencies; however, you can create your own individual software wallet, or purchase a hardware wallet for the highest level of protection.

How to create a Binance account

Create Binance Account

Show Detailed Instructions

Step 1: Go to the Binance website.

Step 2: On the registration page, enter your email address, and create a password for your account.
Then, read and agree to the Terms of Service and click “Create Account”.

How To Create a Binance Account Step 2

Note: Your password must be a combination of numbers and letters.
It should contain at least 8 characters, one UPPER CASE letter, and one number.

Step 3: Complete the Security Verification.

How To Create a Binance Account Step 3

Step 4:
The system will send a verification code to your email. The verification code is valid for 30 minutes. If you can’t find the email in your inbox, check your other mail folders as well, or click “Resend Email” to resend.
How To Create a Binance Account Step 4
Congratulations, you have successfully registered on Binance.

How to complete KYC (ID Verification) on Binance

Step 1: Log in to your Binance account and click “User Center” and then “Identification”.
 

How To Complete KYC ID Verification on Binance Step 1 - How To Buy Tap

Step 2: click “Start Now” to verify your account.

How To Complete KYC (ID Verification) on Binance Step 2

Step 3: Select your country of residence.
Ensure that your country of residence is consistent with your ID documents.

How To Complete KYC ID Verification on Binance Step 3 - How To Buy Tap

You will then see the list of verification requirements for your specific country/region. Click “Continue”.
How To Complete KYC (ID Verification) on Binance Step 4

Step 5: Enter your personal information and click “Continue.”

Make sure that all the information entered is consistent with your ID documents.
You won’t be able to change it once confirmed.
How To Complete KYC ID Verification on Binance Step 5 - How To Buy Tap
Step 6: Next, you will need to upload pictures of your ID documents. Choose the type of ID and the country your documents were issued. Most users can choose to verify with a passport, ID card, or driver’s license.
Refer to the respective options offered for your country.
How To Complete KYC (ID Verification) on Binance Step 6

Step 7: Follow the instructions to upload photos of your document. Your photos should clearly show the full ID document.

For example, if you are using an ID card, you have to take photos of the front and back of your ID card.
How To Complete KYC (ID Verification) on Binance Step 7
Step 8: After uploading the document photos, the system will ask for a selfie. Click “Upload File” to upload an existing photo from your computer.
How To Complete KYC ID Verification on Binance Step 8 - How To Buy Tap
Step 9: After that, the system will ask you to complete face verification. Click “Continue” to finish face verification on your computer. Alternatively, you can move your mouse to the QR code on the bottom right to complete the verification on your phone instead. Scan the QR code via your phone’s camera to finish the face verification process.
Do not wear hats, glasses, or use filters, and make sure that the lighting is sufficient.
How To Complete KYC ID Verification on Binance Step 9 - How To Buy Tap
After completing the process, please wait patiently.
Once your application has been verified, you will receive an email notification.

How to buy cryptocurrency on Binance

Step 1: Log in to your Binance account and click “Buy Crypto” and then “Credit/Debit Card”. 

How To Buy Cryptocurrency on Binance Step 1

Step 2: Here you can choose to buy crypto with different fiat currencies. Enter the fiat amount you want to spend and the system will automatically display the amount of crypto you can get. When you have selected the amount you wish to spend then press “Continue”.

Note: You might not be able to purchase every cryptocurrency directly using fiat, if you’re looking to purchase something that isn’t offered in the currency list on this page, then you will want to purchase USDT. We will then show you how to exchange that on the spot-market for the cryptocurrency that you want in the next section of this guide.

How To Buy Cryptocurrency on Binance Step 2 - How To Buy Tap

Step 3: Click “Add New Card”. Then enter your credit card details and your billing address.

How To Buy Cryptocurrency on Binance Step 3 - How To Buy Tap

Step 4: Check the payment details and confirm your order within 1 minute. After 1 minute, the price and the amount of crypto you will get will be recalculated. You can click “Refresh” to see the latest market price. You will then be redirected to your bank’s OTP Transaction Page. Follow the on-screen instructions to verify the payment.

How To Buy Cryptocurrency on Binance Step 4

How to Conduct Spot Trading on Binance

Step 1: Log in to your Binance account.
Click on “Classic” under “Trade” on the top navigation bar.

How to Conduct Spot Trading on Binance Step 1

Step 2: Search and enter the cryptocurrency you want to trade.

How to Conduct Spot Trading on Binance Step 2 - How To Buy Tap

Step 3: Set buying/selling prices and buying/selling amount (or exchange total). Then click on “Buy”/”Sell”.

(Note: The percentages under the “Amount” box refer to percentages of the total account balance.)

How to Conduct Spot Trading on Binance Step 3 - How To Buy Tap

Step 4: If you don’t want to set a manual price, you can place a “Market Order” to set the buying/selling price automatically.

How to Conduct Spot Trading on Binance Step 4

Hide Detailed Instructions

For more in-depth instructions, our ‘Absolute Beginner’s Guide To Cryptocurrency Investing‘ will take you through the process step-by step. In addition to providing instructions for sending and receiving your cryptocurrency.
And if you’re completely new to crypto our beginner, intermediate and advanced level articles will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

What is Tap (XTP)?

Tap is a revolutionary multi-asset platform designed to remove financial boundaries by seamlessly connecting the worlds of cryptocurrency and fiat currencies. The platform enables users to buy, sell, store, and send both crypto and fiat currencies with ease. By supporting popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin, Tap allows users to manage their finances effortlessly through a mobile app.

Key Features of the Tap Platform:

  1. Smart Trade Technology for Buying and Selling Crypto

Tap ensures users always get the best price for their trades by incorporating unique smart trade technology. This feature scans hundreds of order books and top exchanges in real-time to find the most competitive prices. With accounts on all major exchanges, trades are executed instantly, providing users with the best price and a swift 3-second trade completion time.

  1. Store Fiat and Crypto in One Place

The Tap wallet allows users to store supported cryptocurrencies and fiat currencies in a single account. Accessible from the app’s homepage, users can view their Crypto, Cash, and Card balances at a glance. Tap employs a cold storage wallet solution to secure funds, with a smaller hot wallet portion to provide instant liquidity for trades.

  1. Spend Crypto on the High Street

The Tap prepaid crypto card enables users to spend their crypto balances anywhere globally. With direct access to funds stored in Tap wallets, the card can instantly execute trades and is accepted by merchants worldwide. Users can also withdraw local fiat currency at ATMs using their card. The Tap crypto card is facilitated through a partnership with Mastercard.

  1. Send Funds Anywhere

Tap allows users to send cryptocurrencies or fiat currencies to friends, family, or accounts directly from the app. As a leader in the alternative banking scene, Tap provides the flexibility to pay using any supported currency, both crypto and fiat.

By integrating these features, Tap is revolutionizing the way users interact with their finances, offering a seamless and user-friendly solution to managing crypto and fiat assets on a single platform.

XTP is the native token of the Tap Global platform, an ERC-20 standard token created on the Ethereum blockchain. Issued by Tap n Go Ltd Gibraltar, XTP has a maximum total supply of 10 billion tokens and is divisible up to 8 decimal places. The Tap token serves two primary functions within the platform:

The Tap platform allows users to pay transaction and exchange fees using either cryptocurrencies or the XTP token. By choosing to pay fees with XTP, users can enjoy a 25% discount. As a supported cryptocurrency on the app, XTP can be stored in the dedicated wallet under Crypto assets.

Users can stake their XTP tokens to access higher card levels and improved user terms. While the Tap card is available to all users, the Tap Black account requires a 100,000 Tap token stake for six months, and the Tap Titanium account requires a 500,000 Tap token stake for the same period. Staking these amounts grants users various benefits, including reduced exchange fees, increased ATM withdrawal limits, and free fiat forex exchanges.

Additionally, the Tap platform conducts monthly token burns to reduce the total XTP supply and increase its value. Similar to Binance’s BNB burning process, Tap uses 10% of its monthly profits to burn Tap tokens.

In summary, the XTP token is an integral component of the Tap Global platform, providing users with the opportunity to reduce transaction fees and unlock enhanced benefits by staking tokens. By integrating the XTP token, Tap further cements its position as a revolutionary multi-asset platform bridging the worlds of cryptocurrency and fiat currencies.

Tap development updates in 2023

In 2023, Tap (XTP) has seen significant developments, particularly with its expansion into the U.S. market and the launch of new features:

  • U.S. Market Expansion: Tap announced a partnership with Zero Hash, a crypto infrastructure platform, to facilitate its launch in the U.S. This expansion is significant because the U.S. accounts for a large portion of the global cryptocurrency market. The partnership with Zero Hash will enable Tap to offer a sophisticated and flexible crypto on-and-off-ramp experience to its U.S. customers, including access to 24 digital assets like BTC, ETH, XRP, and USDC​​​​.

  • Fiat-to-Crypto On-and-Off-Ramp: As part of its U.S. market entry, Tap plans to introduce a fiat-to-crypto on-and-off-ramp later in 2023. This feature will allow customers to buy and sell crypto via ACH bank transfers, significantly enhancing the accessibility and convenience of using the Tap platform​​.

  • Tap Cards and Rewards Program: Tap aims to offer Tap cards, which can be used in stores, ATMs, or for online shopping without an annual fee or delivery charges. The platform also allows users to enjoy free transfers between Tap account holders and offers an interest program where users can earn up to 8 percent weekly on trading. Moreover, users can earn rewards like Bitcoin for referring friends who complete registration​​.

  • Utility of XTP Token: XTP, the utility token on the Tap project, operates on ERC-20 token standards. Users can utilize XTP to pay for transaction/exchange fees within the project and receive discounts. Additionally, staking XTP allows users to earn higher card levels for better user terms​​.

  • Token Supply Management: The project has implemented a mechanism where 10 percent of the profit tokens are removed from the circulating supply each month, permanently reducing the total supply. This approach is designed to manage the token’s value over time​​.

These developments indicate Tap’s continued growth and innovation in the cryptocurrency space, particularly in bridging traditional finance with blockchain technology. The U.S. expansion and new features mark significant milestones for Tap, reflecting its commitment to increasing accessibility and utility for its users.

Best cryptocurrency wallet for Tap (XTP)

There are plenty of different crypto wallets available. The best one for you depends on your general trading habits and which provides the most security in your situation. There are two main types of wallets: hot storage wallets (digital) and cold storage or hardware wallets (physical). Both have their pros and cons, and there is not necessarily a right or wrong answer when it comes to figuring out which crypto wallet is best for you.

HOW DO I DECIDE WHICH cryptocurrency WALLET TO USE for Tap (XTP)?

Deciding which type of wallet to use depends on a variety of factors, including:

  • How often you trade. In general, hot wallets are better for more active cryptocurrency traders. Quick login ability means you are only a few clicks and taps away from buying and selling crypto. Cold wallets are better suited for those looking to make less frequent trades. 
  • What you want to trade. As mentioned earlier, not all wallets support all types of cryptocurrencies. However, some of the best crypto wallets have the power to trade hundreds of different currencies, providing more of a one-size-fits-all experience.
  • Your peace of mind. For those worried about hacking, having a physical cold wallet stored in a safe deposit box at the bank or somewhere at home, provides the safest, most secure option. Others might be confident in their ability to keep their hot wallets secure.
  • How much it costs. It is important to investigate the costs associated with each wallet. Many hot wallets will be free to set up. Meanwhile, cold wallets, like any piece of hardware, will cost money to purchase.
  • What it can do. While the basics of each cryptocurrency wallet are the same, additional features can help set them apart. This is especially true of hot wallets, many of which come with advanced reporting features, insights into the crypto market, the ability to convert cryptocurrencies and more. Security features can also be a good differentiator.

For a more in-depth overview of cryptocurrency wallets visit our “Cryptocurrency Wallets Explained” guide.

If you’re going to be dealing in larger volumes of crypto, investing in cold storage might prove advantageous.
Most widespead examples of this being the Ledger Nano and the Trezor.

Ledger manufactures cold storage wallets designed for users who want increased security. Their wallets are a physical device that connects to your computer. Only when the device is connected can you send your cryptocurrency from it. Ledger offers a variety of products, such as the Ledger Nano S and the Ledger Nano X (a bluetooth connected hardware wallet).

Trezor is a pioneering hardware wallet company. The combination of world-class security with an intuitive interface and compatibility with other desktop wallets, makes it ideal for beginners and experts alike. The company has gained a lot of the Bitcoin community’s respect over the years. Trezor offers two main models – The Trezor One and Trezor Model T (which has a built in touch screen).

Ledger Hardware Wallet
Trezor Hardware Wallet

Market Overview

Coinmarketcap.com

Find the latest Tap (XTP) price chart, trade volume, market cap, and other vital information to help you with your cryptocurrency trading and investing.

Coinmarketcap will be your cryptocurrency go-to for just about everything. Here you can see the following:

Market Capitalization And Daily Trading Volume

Current Market Price Of Every Cryptocurrency Relative To USD (And Some Local Currencies)

Circulating And Total Supply

Historical Charts With Prices Relative To USD, Bitcoin (BTC), And Ethereum (ETH).

CMC - How To Buy Tap
Last updated Dec 10, 2023

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