January 18 What is Tap (XTP)?
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Tap provides a seamless and intuitive platform to move from fiat to digital currencies. Users can easily buy, sell, trade or hold over 50 cryptocurrencies, taking advantage of the platform's intelligent routing system to ensure the best prices. The platform has a strong focus on security, providing industry-leading secure storage for digital assets.
Tap facilitates instant and free money transfers within its network, simplifying the process of splitting bills and sharing expenses with friends and family. The platform also incentivizes its community by offering rewards for inviting new users. Tap is more than just a financial app; It is a comprehensive financial empowerment tool. It is designed to change the way people manage their money and trade, providing an intuitive interface, powerful features and strong security measures.
Press (XTP)
Tap (XTP) is a fintech platform founded in 2019 with the goal of democratizing finance and providing financial inclusion to those often overlooked by traditional banking systems. The platform is built on the core principle of making finance accessible to everyone, especially the millions who have been marginalized or ignored by traditional banks.
Tap's approach to finance revolutionizes the way people interact with their money and cryptocurrencies, with the goal of empowering users to achieve their financial goals. The platform provides a comprehensive investment, money and trading application, making investment and financial transactions simpler and more convenient. With a presence in 45 countries and a user base of over 250,000 users, Tap has become a trusted financial tool for a global audience.
One of Tap's main features is its multi-currency account, which offers similar functionality to a traditional bank but with additional features. Users can send and receive money globally, enjoy instant top-ups, pay bills, and take advantage of favorable exchange rates while spending abroad. Additionally, Tap offers a unique card that can be used for in-store purchases, online shopping, and ATM withdrawals worldwide, providing competitive exchange rates and real-time transaction notifications.
The Tap platform is powered by its native XTP token. XTP is an ERC-20 token, which offers a variety of use cases within the Tap ecosystem, making it a versatile tool for managing digital finance. When users purchase XTP, they unlock a range of functions designed to meet various aspects of modern financial needs, all accessible through Tap's secure and regulated app.
How does a faucet work?
Tap operates by providing an end-to-end financial service that integrates traditional banking and cryptocurrency management. Users interact with Tap through the Tap mobile app. As part of the registration process, users must verify their identity, provide the necessary personal details, and adhere to Know Your Customer (KYC) and Anti-Money Laundering (AML) standards. Once your account is verified, you will have the flexibility to buy, sell, and store cryptocurrencies securely.
The app simplifies the process of purchasing cryptocurrencies, accepting different payment options such as debit or credit cards and bank transfers. Additionally, users have the option to transfer cryptocurrencies from external wallets to their Tap account. Conversely, selling cryptocurrencies on Tap enables users to transfer fiat currencies directly to their bank accounts or send cryptocurrencies to other wallets or exchanges.
The Tap Wallet is designed to provide strong security and encryption, and holds over 50 different cryptocurrencies. The application allows the creation of multiple sub-wallets designed for distinct financial activities such as saving, trading or daily expenses, providing easy management and switching capabilities.
To spend cryptocurrencies, users can get a Tap Mastercard directly through the app. The card is available in both physical and virtual forms and comes in two tiers: standard and premium.
To use the Tap Card for purchases, users must pre-load it with either fiat or cryptocurrency from their Tap wallet. The Tap system efficiently converts the selected cryptocurrency into fiat currencies at the best available market rate for any transaction, deducting the amount from the user's wallet balance. The card also facilitates cash withdrawals from ATMs worldwide.
Why is Tap unique?
Tap seamlessly integrates cryptocurrencies and traditional banking. This hybrid approach allows users to manage both fiat and digital currencies in a single platform, simplifying the process for those who regularly participate in both financial worlds.
Tap's unique selling point is its ability to instantly convert cryptocurrencies into fiat currency. This feature is especially useful for users who want to use cryptocurrencies for everyday transactions, as it eliminates the delay typically associated with crypto-to-fiat conversions.
Tap supports a wide range of cryptocurrencies, providing users with the flexibility to store, manage and trade a diverse portfolio from a single platform. This comprehensive support makes it a one-stop-shop for cryptocurrency enthusiasts.
What is a tap ecosystem?
The Tap ecosystem includes a comprehensive set of financial services and features that collectively provide a seamless experience for managing fiat and crypto assets.
- Multi-Currency Wallet: Tap offers a secure and encrypted digital wallet that supports over 50 different cryptocurrencies. This wallet allows users to easily store, manage and switch between different cryptocurrencies and fiat currencies, meeting their daily investment and transaction needs.
- Cryptocurrency Exchange: Users can trade a wide range of cryptocurrencies within the app. Tap's exchange platform is designed for speed and efficiency, providing users with a reliable and easy-to-use trading experience.
- Tap Prepay Mastercard: One of the key features of the Tap ecosystem is the prepaid Mastercard, which enables users to spend their cryptocurrencies at merchants around the world. This card automatically converts cryptocurrencies into fiat currencies at the point of sale, making it easy to use digital assets for everyday purchases.
- Instant Money Transfers: The platform allows for quick and hassle-free money transfers globally. Users can send and receive money to and from other Tap accounts instantly and at no additional cost.
- Investing and Trading Tools: Tap provides various tools and features for users interested in investing in and trading cryptocurrencies. This includes market insights, portfolio management tools, and real-time price tracking.
- Fiat Currency Support: Besides cryptocurrency services, Tap also supports several fiat currencies, enabling users to manage fiat currency alongside their digital assets.
What is XTP token?
One of the primary functions of the XTP token is to facilitate trading within the Tap platform. Users can exchange XTP for a wide range of cryptocurrencies listed on the platform. This feature is enhanced by the availability of multiple XTP trading pairs, providing flexibility and convenience to users looking to diversify their digital asset portfolios. The well-organized and secure Tap app ensures a smooth trading experience, meeting the specific needs of each user.
The Tap platform also offers a secure wallet for the safe storage of XTP, working in a similar way to a traditional bank account but without the fees associated with it. This feature appeals to users who want to keep their XTP tokens safe for long periods, providing peace of mind and ease of asset management.
XTP tokens can be used for daily transactions, making them more than just an investment tool. The Tap Card allows users to spend XTP at merchants and ATMs globally. This feature eliminates the complexities often associated with traveling across borders with money. The ability to pay bills, send money to friends and family, and make purchases directly from a mobile device via the Tap app adds a layer of convenience and functionality, integrating the use of cryptocurrencies into everyday life.
Tap also allows users to quickly and freely send XTP tokens between Tap accounts, providing a seamless way to transfer assets globally. This functionality is essential for individuals who need an efficient and low-cost way to move money across borders.
Whether for personal or business purposes, the ability to transfer XTP with just one click on the mobile app provides users with a practical way to connect financially with anyone in the world. This feature of the Tap platform underscores its commitment to facilitating global financial inclusion and simplifying the international transaction process.
Click on (XTP) tokens
How to buy XTP with cryptocurrencies
1. Log in to your Bitfinex account or register to create an account.
2. Go to the deposit page.
3. In the Cryptocurrencies section, choose the cryptocurrency you plan to buy XTP with and create an Exchange wallet deposit address.
4. Send the crypto to the generated deposit address.
5. Once the funds arrive in your wallet, you can exchange them for XTP. Learn how to trade on Bitfinex here.
How to buy XTP with fiat currency
1. Log in to your Bitfinex account or register to create an account.
2. You need to get full verification to be able to deposit fiat currencies into your Bitfinex account. Learn about the different verification levels here.
3. On the Deposit page, under the Bank Wire menu, choose the fiat currency for your deposit. There are minimum fiat deposits on Bitfinex; Learn more here.
4. Check your registered Bitfinex email to get the transfer details.
5. Send money.
6. Once the funds arrive in your wallet, you can use them to buy XTP.
We also have Bitfinex on mobile, so you can easily buy XTP on the go.
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