For the Lumi Wallet team, this summer has been insanely productive. We’ve been working on integrating the EOS ecosystem in to our apps, introduced an in-app web browser for dapps, and slowly but steadily are preparing to switch to the open-source model. 

But that’s not it, and we’re ready to surprise with a huge and very important update.

For a while, we’ve been gathering feedback from the crypto community and have come to the conclusion that yet another crucial service is missing. We’re trying our best to make your user experience smooth and simple. As a result, when it comes to a crypto to crypto exchange, Lumi Wallet is one of the most comprehensive wallets on the market. 

The Struggle of Buying Crypto with Fiat

But dealing with crypto can still be overwhelming and the entry point is the hardest to figure out. Due to the fact that we still live in a world where fiat money is the mainstreaming medium of exchange, it’s only fair that we provide this payment option for our users. After all, the question of how to exchange crypto for fiat still remains incredibly popular. But where to buy crypto with fiat?

Unfortunately, that’s not an easy task to accomplish. In the majority of countries, cryptocurrency industry regulations still remain in abeyance and lots of people have no idea how to buy crypto with fiat. Governments, banks, and credit card issuers are not excited about the volatile and independent nature of crypto and try to put a hold on taking any actions. 

However, the ability to buy crypto with fiat currency is not only a much-needed convenience but a major step towards adoption. By introducing this feature to Lumi Wallet, we hope to simplify our users’ daily crypto routine and help newcomers to quickly get comfortable with the platform.

You asked, and we delivered!

Simplex Partnership

Once we made up our minds, we faced the next big challenge of finding the right partner. Although there are no lack of platforms that offer fiat-to-crypto exchange services, we wanted to be one hundred percent sure that our users are getting the best deal possible. In Lumi, we are very serious about safety that’s why it was important to choose a partner that we can fully trust. Good things come to those who do their research, so we’ve found Simplex, one of the best fiat-to-crypto exchange platforms! 

Simplex is the world’s leading fraud-free payment processing platform. The company has stood the test of time and millions of users around the world. Security is Simplex’s main priority, and they have proven to be the safest payment provider for the crypto space, and you can rest assured your funds are safe.

So now we are happy to announce that our users can instantly buy their crypto right inside the app. It works for Bitcoin and Ethereum.

How to Buy Crypto with USD

Buying crypto has never been easier! 

  • Open your Lumi Wallet app
  • Tap on the ‘Buy’ button
  • Fill in the amount and your credit card info
  • Go through a simple verification procedure
  • Finalize the transaction
buy crypto with USD

Once you’ve successfully executed your first transaction, the second one will be even easier. 

Limits

The service allows you to purchase crypto with credit card worldwide and has just a few limitations.

  • Daily limit: $20,000 
  • Monthly limit:  $50.000
  • The minimum transaction amount: $50.00  
  • The maximum transaction amount: $20,000 ($10,000 for the first transaction)

We really hope that our new feature will make your crypto to crypto exchanges as comfortable as possible. And if you’ve got any questions, suggestions, or offers, feel free to drop us a line at hello@lumiwallet.com

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