Buying Crypto On Changelly via Banxa: A Step-by-Step Guide
Changelly works as an aggregator for a large number of fiat providers. The only one of them is Banxa, which is considered a good service for those who are looking for fast cryptocurrency purchases according to objective rates and with low fees.
See our step-by-step guide to making cryptocurrency purchases through Banxa. In case you have any problems with this move, please (, head to our help work with you.
Step 1: Go to changelly com/buy
You can start purchasing on the main page of our website by clicking “Buy” or by going directly to changelly.com/buy. In case you prefer the 1st type, in this case after clicking “Buy BTC now” you will be redirected to our trading platform.
Step 2: Set your prescription
Click on the currency roller to reveal the drop-down menu. Then select the fiat currency you wish to use and the cryptocurrency you wish to purchase.
Step 3: Select a payment method
You will be able to choose the best payment method in Changelly by clicking on “Payment method”. Please note that the availability of the payment method depends on the selected fiat currency.
Banxa supports the following options (depending on your location and selected fiat currency):
Visa/Mastercard (both credit and debit cards)
- SEPA (EU)
- Interac (Canada)
- OSKO/Pay ID (Australia)
- POLi (Australia)
- QuickPayments (UK)
- iDEAL (Netherlands)
- BankTransfer (USA)
- PIX (Brazil)
To select a payment method, click on the drop-down menu. Please note that Visa/Mastercard scheme is defined by default.
Step 4: Click on the Banxa recommendation
You will be offered several different services. Click on the recommendation with Banxa, to extend.
Step 5: Set the location of your cryptocurrency wallet
Set the location of the wallet where your new cryptocurrency will be sent. Please don’t forget to add all kinds of auxiliary elements (for example, Memo), in case it is necessary.
For one or another coin/token can Memo.ID be required?
Even though Memo.ID is not always called, this word is usually used to designate unique personal numbers, which certain cryptocurrencies call to determine to make transactions. See them:
Memo: Algorand (ALGO)BNB (BNB)Cosmos (ATOM)EOS (EOS)HederaHashgraph (HBAR)Stellar Lumens (XLM)Terra (LUNA)Terra USD (UST)Anchor Protocol (ANC)Bonded Luna (BLUNA)
Directional Note: XRP (XRP)
Information: NEM (XEM)
Step 6: Redirecting to Banxa website
After this, you will be redirected to the Banxa website. You will need to enter your community information – the location of your email and phone number, so that the concept has the opportunity to control whether the unit you have previously passed the verification in Banxa. If not, you will need to go through the KYC/AML procedure.
Set your information, check the box, and press the Prove button to renew.
Mastering the KYC/AML operation in Banxa
If you are using Banxa for the first time, you will need to do a KYC operation. Do not worry, this will not take you much time – soon you will be able to proceed to the order placement.
First, you should fill in the name, and date of birth and pick up the state of residence with a drop-down ratio. Make sure that the implemented information is accurate – it will be assumed errors, and the transaction will not pass.
Banxa holds a large number of papers confirming the person, including driving licenses and documents. Please note that they must be valid internationally. In addition, the act that you are given for control must be in the British style.
Select the necessary act from the drop-down menu in the “Select type of document” area.
Just as you can see in the screenshot above, several basic laws must be adhered to in the presence of photographing an important document confirming the person:
- You are obliged to capture the act as well as together with the outside, so and together with the opposite edge.
- All data and the document must be visible and declarable.
- The 4 corners of an important document must also be unprotected.
- Flash cannot be used.
Press “Use the outside edge of [the document you selected]” and “Use the back edge of [the document you selected]” to use the photo of the outside and back edges of the selected view of the important document accordingly. Then press the “Continue” key.
Then it will be necessary for you to capture yourself together with this important document confirming the person. Please do not forget the following laws:
- The photo must be visible to both your subject and the act.
- The document of the important document is obliged to be legible.
- The photo must be up-to-date, without editing or filters.
You can use your selfies by clicking the “Select File” button. Click “Continue” to extend.
The control procedure usually takes about 7 minutes, but in certain variants, it can take up to 12 times (together with the order design stage).
In case the procedure takes more than a period, check your inbox and spam folder: Banxa probably sent you a message together with further practical instructions. If you can’t find a message from Banxa, you can contact them by sending a ticket here.
Then you will be able to observe the display, played by the presence of effective control of your ID and selfie. Wait a few more minutes to switch to the next step.
In case you pass the verification, your application will pass as usual, and in case it is not available, someone, or rather in general, will be canceled, and you will be refunded.
You will receive an electric message from Banxa with data about the status of your transaction and the verification process. See the HTML version of 1 of the messages they may send you:
Step 7: Pay for the application
In this tutorial, I will use a Mastercard debit card. Please note that this is the only one of the numerous payment methods available in Banxa.
You will need to enter your card details: card number, period of exposure, and CVC code, as well as your absolute name and location for billing purposes. Then press “Make payment”.
Please note that Banxa will require users to use the same payment method that was selected in Step 3, and the payment must be made by the same person who has passed the KYC/AML transaction. If you use a different payment method, your transaction may not be executed. Banxa also does not accept payments from business accounts.
Step 8: Wait for the cryptocurrency income
Already after that as your payment is gone, it remains only to wait. The position of your order will be shown on this page, which will open after the end of the payment, as presented in the case below.
In addition, you will receive electric messages from Banxa along with data on the status of your order. If you don’t find them in your inbox, don’t forget to check your spam folder. Banxa will also send you a message including the transaction hash and a hyperlink that will redirect you to the page presented in the screenshot above.
Already after that equally as you bypass the verification operation, in the acquisition of your newest cryptocurrency is usually removed from 5 minutes to 3 times. In case there are any suspensions, do not hesitate to resort to Banxa’s help to work through the help work.
Payment options are available via BitPay + Banxa
Cryptocurrency communities in the Americas, Europe, Asia, Africa, and Oceania can now pay for cryptocurrency assets using local payment methods. These local payment methods offer a more convenient way to pay than traditional methods.
Cryptocurrency buyers in the Netherlands can use iDEAL, which allows direct online payments from bank accounts. Read more about buying cryptocurrencies using iDEAL.
SEPA (instant and standard)
The SEPA method for buying cryptocurrency is available to the crypto community in European countries. Read more about buying cryptocurrency using SEPA.
ACH (instant and standard)
Cryptocurrency buyers in the US can use the ACH method for instant electronic transfers between bank accounts. Read more about buying cryptocurrency using ACH.
The crypto community in Canada can use Interac for their transactions. Learn more about buying cryptocurrency through Interac.
Faster payment systems
In the UK, the cryptocurrency community prefers to use Faster Payments Systems (FPS).
Cryptocurrency buyers in Australia can link their bank accounts to unique identifiers, such as email or phone number, using PayID. Read more about buying cryptocurrency using PayID.
In New Zealand, POLi facilitates direct purchases of cryptocurrency from bank accounts.
The crypto community in Brazil can make instant transactions 24/7 with PIX.
Bank Transfer in Turkey
Cryptocurrency buyers in Turkey have a local bank transfer method at their disposal to make purchases.
Bank Transfer in South Africa
For the crypto community in South Africa, a transfer through a local bank is available.
Cryptocurrency buyers in Mexico can secure instant transfers with SPEI.
For the crypto community in Chile, Khipu, a secure online payment platform, is available to allow transactions using bank accounts.
The crypto community in the Philippines can utilize PSE’s electronic payment system.
For cryptocurrency buyers in Thailand, Thai QR allows you to purchase cryptocurrency by scanning QR codes on cell phones.
Cryptocurrencies available for purchase with BitPay + Banxa
BitPay and Banxa support the sale of over 175 cryptocurrencies across 20 chains, including Bitcoin (BTC), Ether (ETH), Litecoin (LTC), Polygon (MATIC), and dozens more. Cryptocurrencies can be purchased and managed in the BitPay Wallet app or sent directly to an alternative wallet from the BitPay website.
How to buy cryptocurrency using local bank transfers around the world
BitPay users around the world have two easy ways to buy bitcoin and other cryptocurrencies using their preferred local bank transfer method – through the BitPay Wallet app or on the BitPay website. Each is a convenient way to pay for cryptocurrencies directly from your local bank account and manage your self-storage assets.
My application is in no way done. What should I do next?
There are several factors according to which your application can fail to make its way – entering an incorrect wallet address or referral mark (if applicable), the impossibility of finishing the contribution and almost everything else. In case this happened or in case you encountered difficulties with KYC operation, please send a ticket to Banxa Help Desk.
In case you have encountered any other difficulties, have no idea how to set up the purchase, or would like to get updated information about your Banxa ticket, please contact the Changelly Help Desk.
We can’t do the KYC/AML transaction. What do we do?
Make sure that you have followed all the provider’s advice without exception, and if necessary, take all the photos without exception. In addition, make sure that you have been correctly provided with your own name and contact information. In case you need support, do not hesitate to use the help of Banxa.
What should I do if Banxa does not hold my country/payment method/chosen two fiat cryptocurrencies?
I work together with a wide range of fiat money providers so that you will always have the opportunity to purchase the cryptocurrency you need directly with the method you would like. In case Banxa does not give you what you are looking for, you will be able to pick up a single one from other gateways provided by Changelly.