Cryptocurrencies have gained immense popularity in recent years, offering individuals a decentralized and secure means of transferring and storing value. In this guide, we'll walk you through the process of acquiring crypto with Wise, ensuring you can embark on your crypto journey with confidence.
1. Setting us a Wise account
- Go to Wise website (wise.com) or download the Wise mobile app from your app store.
- Sign up and create an account by providing the necessary information and completing the verification process.
2. Add Funds to Your Wise Account
- To acquire crypto, you'll need to have funds in your Wise account.
- You can add money to your account by linking your bank account or using a debit or credit card. Wise supports various currencies, so you can fund your account in your local currency or the currency of your choice.
3. Link your Parallax account
- Go to [Recipients] page
- Click on [Add a recipient] and enter the bank details obtained from Parallax. You will be adding yourself as a recipient.
Select recipient type: Person. Do not select business
Bank details: ACH
Routing Number and Account Number from Parallax
- To find your details, log in to your Parallax account and click on Accounts. You will find your USD Bank details.
- Select the method of deposit. Preferably use ACH for lower costs and faster transactions.
- Check if all the data is correct and finalize the transaction
4. To receive crypto, go to your Parallax account
- Once you receive your money from Wise, go the Exchange tab and select Buy
- Enter the amount you want to exchange to crypto and choose your token.
- Review the exchange and confirm the transaction.
- It should automatically deposit into your Parallax wallet. You can now access your crypto
With Parallax, crypto has become more accessible than ever. By following the step-by-step guide outlined above, you can confidently venture into the world of crypto through Wise and begin building your digital asset portfolio.