Place/Date: - August 23rd, 2019 at 6:41 pm UTC · 4 min read
Contact: Lumi Wallet, Source: Lumi Wallet
Lumi wallet has expanded its functionality: now Lumi users can buy Bitcoin and Ethereum for USD and EUR. One of the most secure and anonymous wallets on the market has partnered with Simplex, to provide seamless risk-free transactions from a credit card to crypto wallet.
Now buying Bitcoin is as safe and easy as any payment with a credit card on the internet. Simply download Lumi Wallet and follow the three steps described below:
First, you have to select the cryptocurrency which you want to purchase: as of now Simplex has BTC and ETH available. Also, you can reorder the tabs with currencies as you please, to always have the relevant ones at hand.
Let’s choose Bitcoin.
Next you have to specify the amount of USD or EUR you want to exchange. Check how much you want to receive in BTC and proceed, clicking “Next”.
Then you’ll be redirected to the Simplex screen. We use a built in-browser, so you won’t need to leave the wallet to exchange fiat-to-crypto. This takes you directly to the Simplex transaction confirmation stage — thanks to that, Lumi doesn’t need access to your credit card data and your privacy stays fully protected.
After the payment is confirmed, you’ll get a receipt with the transaction ID: now your money is on hold. After the transaction is successfully approved via KYC protocol, the ordered sum in Bitcoin comes your way.
As you can see, there is nothing new about these steps, if you’ve ever paid with a credit card for some goods in an online store.
Simplex works like its name suggests: it is a service for simple and safe transactions, which enables users to perform Bitcoin payments without worries. It protects user credit cards from fraudulent actors via KYC and guarantees a refund if there is something wrong with a transaction.
This is made possible by fraud prevention technology, based on AI and the simple fact that your money stays on hold until the security of your Bitcoin transaction is confirmed. Simplex has been conducting crypto payments since 2014 and has established itself as the new industry standard; it works with the largest crypto platforms and transacts billions in dollars and Bitcoin annually.
The adoption of Simplex is an important technological milestone for Lumi. Credit card payments expand the facilities of the wallet’s ecosystem. And, what is more important in the crypto market, it confirms the high trust put in Lumi Wallet by processing providers and users.
The possibility of making easy Bitcoin purchases with convenient instruments like physical and virtual credit cards is vital for crypto users. That’s why the Lumi Wallet aims not to stop there, but to continue expanding its options for purchasing Bitcoin with credit cards and other payment tools.
Additionally, Lumi is actively looking to forge partnerships that will help it expand its exchange options for currently absent currencies. To contact Lumi Wallet with a partnership offer, inquiry or to simply say hello, write to [email protected]
Lumi Wallet comes in the form of IOS and Android apps and a web wallet. Currently, the wallet supports BTC, ETH, BCH, EOS and the majority of ERC20 tokens. It provides users with a high level of security, is completely anonymous and has an eye-catching design. It is steadily increasing its number of supported tokens and soon will become open-source.