Research Titles: Why Buy+ Is a Game Changer
Buy+ allows you to purchase crypto with fiat (card, Apple Pay, Google Pay) on BNB Chain, Base and Solana.
No knowledge of crypto or crypto assets is required.
It is run on Binance Connect, which guarantees secure and effective on-ramps.
Allows direct or intelligent-routed token purchase within Trust Wallet.
Makes sure there is complete self-custody even when swapping.
Not sold in the UK, US, Canada, Nigeria, Netherlands and some countries.
Introduction
Trust Wallet Buy+ is changing the sphere of cryptocurrency accessibility. Using this new functionality, users can easily turn fiat into crypto into a few seconds without having to go through tricky exchanges or losing control of their assets. All they need to do is to open Trust Wallet app.
What is Buy+?
Buy+ is a new service introduced by the world leading self-custody Web3 wallet, Trust Wallet, which has more than 200 million users. Available via Binance Connect, the key functionality will allow users to buy the tokens on BNB Chain, Base, and Solana with fiat money, selecting trusted payment options, such as card, Apple Pay, or Google Pay, all in the application.
What to New Users
In the past, when buying trending tokens, it was a ride to different hoops, namely swapping a token, changing a platform, and running any transactions by hand. This turned out to be the biggest obstruction to the novices.
Getting an initial fiat asset into the desired crypto asset directly is always the most difficult, according to Eowyn Chen, the CEO of Trust Wallet.
“Therefore, we will tightly combine the fiat onboarding with on-chain crypto swapping into one another with the minimal amount of operations. We are providing a less complicated, safer, smarter means of getting what individuals want in tokens without needing to sacrifice self management or experience.”
Buy+ examining Nagpur in 2005.
Buy+ makes it easier to buy your crypto two ways:
- Direct Route: In the case that the token is listed with Binance Connect, you can buy your fiat with a single purchase and enjoy the end result of converted crypto.
- Smart Route: Otherwise, Trust Wallet will automate two steps: the first one is to buy the native token of the chain, the second one is to convert it to the token that you want, within the app.
This renders onboarding to crypto efficient and user friendly but the full extent of self custody is maintained throughout this process.
“The elimination of chain complexities, swaps, and tokens transfers, enables us to provide much faster and easier ways of users accessing the communities and tokens they want, and this is true especially to the users who are just new in the crypto world,” added Thomas Gregory who is a VP of Fiat at Binance.
How to Start Using Buy+
To test Buy+:
- Install or retrieve the best recent update of Trust Wallet.
- Click on Buy on any of the available tokens.
- Select your mode of payment which is fiat and confirm and you are good to go!
Note: Additional blockchain networks will be updated in the future.
Availability Notice
The Buy+ is currently not available in:
- United Kingdom
- United States of America
- Canada
- Nigeria
- Netherlands
- Russia
- Belarus
- Cape Verde
- Cuba
- Syria
- Iran
By being in these areas, you will be kindly asked not to enter this feature.
Conclusion
Buy+ as a feature of Trust Wallet is a significant step in terms of Web3 accessibility, in particular, to novice users who wish to learn about trending tokens in decentralized networks. Users can have speed, security, and ease of use in a single wallet by integrating the fiat gateway of Binance Connect and the trusted self-custody experience of Trust Wallet.