Some rules you have to follow to exchange fiat money for cryptocurrenciesTo exchange fiat money for cryptocurrencies risk-free, please, follow some rules below. These rules will ensure that you get to buy ETH easy and fast.
When implementing the function of buying Ethereum, we use the services of payment providers. Depending on the provider, some of the steps in the buying process may differ. The payment providers we work with are Simplex and Moonpay. If you use the widget above to buy Ethereum, Simplex will be the default provider. If you prefer to buy Ethereum in the wallet, via web version or mobile multicurrency wallet / Crypto wallet version, you can choose between Simplex and Moonpay. For the dedicated Ethereum wallet, the default provider is Simplex.
Below you can see the practical differences between Simplex and Moonpay
|Freewallet + Simplex||Freewallet + Moonpay|
|Commonly used cards||Accepts most credit and debit cards issued by VISA and MasterCard, as well as some virtual and prepaid cards. Please note that in some cases banks may decline transfers due to internal rules.|
|Limits||20000 USD per day, 50000 USD per month. The minimum amount is $50||Limits depend on the account level. You can read more here|
|Fees||The overall fee for transactions is 8%, minimum $1|
|Verification||3 different levels of verification. You can read more here|
|Geography||We support 36 FATF member countries including the USA, UK, Germany, France, Russia.The service is not available in Algeria, Bangladesh, Bolivia, Cambodia, China, Ecuador, Jordan, Kyrgyzstan, Macedonia, Nepal, Nigeria, Taiwan, Thailand.|