Cointime

Download App
iOS & Android

Uniswap to Allow Users to Buy Cryptocurrency Using Debit and Credit Cards

Cointime staff: Decentralized exchange Uniswap has partnered with fintech company Moonpay to allow users to buy cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The bank transfer option is being rolled out for users within most U.S. states, Brazil, the United Kingdom and Single European Payments Arena, also known as SEPA.

Buy crypto with your card or bank account

Starting today, you can purchase crypto on the Uniswap Web App using a credit card, debit card or bank transfer at the best rates in web3. Convert from fiat to crypto onto Ethereum mainnet, Polygon, Optimism, and Arbitrum, and start swapping in minutes!

Direct to DeFi

Decentralized exchanges (DEXs) are the safest way to trade digital assets compared to their centralized counterparts. With self-custodial wallets, permissionless and immutable protocols, and a transparent public ledger, DEXs have built-in user protections. However, a major barrier to DeFi adoption has been the onboarding experience, compelling users to store their CEXs for convenience, despite the risks.

Now you can go direct to DeFi with the Uniswap Web App and buy crypto on our web app using any card or bank transfer in 160+ countries with our first partner, MoonPay. We're bringing you the best fiat on-ramp experience - no spread fees on USDC, the lowest processing fees in the market, and instant access!

To purchase

  • Connect your wallet to the Uniswap Web App
  • Click the wallet dropdown
  • Buy crypto and use it instantly!

What payment methods are supported?

Major payment methods like cards and bank transfers are supported. This will vary depending on the region. Bank transfers are only available for most of the US, Brazil, SEPA, and the UK. See the MoonPay Help Center for more information on supported payment methods and fiat currencies.

What tokens are supported?

At launch, we will support DAI, ETH, MATIC, USDC, USDT, WBTC, and WETH. However, this does depend on the region. For example, US users cannot purchase WETH or WBTC. See the MoonPay Help Center for further details.

What chains are supported?

You can purchase crypto and send to any wallet on Ethereum mainnet, Polygon, Optimism, and Arbitrum.

Do I need to verify my identity with MoonPay?

To purchase crypto with a card or bank account, you will need to observe MoonPay's KYC/AML policy. You do not need to verify your identity to use the Uniswap Protocol, only when purchasing crypto through MoonPay. MoonPay does not share customer data with Uniswap Labs. Uniswap Labs does not collect and store financial data such as credit card, debit card, and bank information, or personal data, such as first name, last name, street address, date of birth, email address, and IP address.

What are the fees?

We have some of the lowest in the entire market:

  • No Minimum Fee - Payment processors often charge a minimum fee regardless of purchase size. Our minimum fees are zero!
  • No Spread on USDC - Payment processors quote a slightly higher token price than the market rate. This fee is called a "spread" and contributes to their margins. We have zero spread for USDC purchases!
  • Low spread and processing fees - We've also negotiated low spread and processing fees on all supported currencies.

How much crypto can I buy?

Minimum - Many supported cryptocurrencies have a minimum purchase size of 15 USD or equivalent in most local currencies. ETH, USDC, USDT, and DAI have variable minimum purchase sizes based on market conditions.

Maximum - Buy limits depend on which cryptocurrency you buy and which fiat currency you use. Notably, USDC has an upper limit of 10,000 on Arbitrum and Optimism while popular fiat currencies are capped at USD at 12,000, GBP at 9,000, EUR at 10,000, and CAD at 16,000.

Your payment provider may put further limitations on your purchase size. We recommend either bank transfer or debit cards. Note that minimum and maximum purchase sizes may change as per MoonPay's policies.

When will the purchased crypto arrive in my wallet?

Your purchases will be available in your wallet within minutes, though the exact payment  method will determine the transfer time. Read more on the MoonPay Help Center.

Can I send crypto back into my bank account?

Not yet. We're working to integrate an off-ramp. Today, you can sell using MoonPay's website or any other off-ramp platform.

Can I buy NFTs with fiat?

Not directly. You can buy ETH through MoonPay from the Uniswap Web App. You can use this ETH to purchase NFTs on the Uniswap Web App.

Comments

All Comments

Recommended for you

  • BTC breaks through $92,000

     the market shows BTC breaking through $92,000, currently at $92,023.91, with a 24-hour decline of 0.13%. The market is highly volatile, please manage your risk accordingly.

  • WLFI launches lending marketplace powered by Dolomite

     WLFI launches a lending market supported by Dolomite.

  • Spot gold rose more than $300 in January.

     spot gold has risen above $4620/oz, with a daily increase of 2.44%, accumulating a rise of over $300 in the first month of the new year.

  • Hassett: Still interested in a Fed position

    White House National Economic Council Director Hassett: Still interested in the Federal Reserve position. It is unknown whether U.S. President Trump has approved an investigation into the Federal Reserve. Federal Reserve Chairman Powell is a good person.

  • BTC falls below $91,000

     the market shows BTC fell below $91,000, currently at $90,997.44, with a 24-hour increase of 0.26%. The market is highly volatile, please manage your risks accordingly.

  • The US spot Ethereum ETF saw a net outflow of $68.57 million last week.

    according to SoSoValue data, during the trading days last week (January 5 to January 9, Eastern US time), the US spot Ethereum ETF had a net outflow of 68.57 million USD.

  • BTC breaks through $92,000

    the market shows BTC breaking through $92,000, currently at $92,041.92, with a 24-hour increase of 1.49%. The market is volatile, please manage your risk accordingly.

  • Japanese Prime Minister considers dissolving the House of Representatives; USD/JPY rises sharply.

    Japanese Prime Minister is considering dissolving the House of Representatives. The USD/JPY exchange rate quickly rose by 0.66% to 157.95, hitting a new one-year high. 

  • a16z announced the completion of a $15 billion funding round, which will focus on investments in AI and crypto.

    a16z has just completed raising over $15 billion in funds. This batch of funds includes: American Dynamism Fund ($1.176 billion), Apps Fund ($1.7 billion), Bio + Health Fund ($700 million), Infrastructure Fund ($1.7 billion), Growth Fund ($6.75 billion), and other venture capital strategy funds ($3 billion). The announcement states that its mission is to ensure the United States wins the technology competition in the next 100 years, focusing on winning key infrastructures such as AI and crypto. In addition, it will promote the application of related technologies in fields such as biology, health, defense, public safety, education, and entertainment.

  • BTC falls below $90,000

     market shows BTC fell below 90,000 USD, currently at 89,996.08 USD, 24-hour decline reached 0.43%, market volatility is high, please manage risk properly.