Frequently asked questions
Buying cryptocurrencies
From payment methods to providers: learn how to buy crypto instantly. For more, see the Invity Beginner's Guide to Crypto.
Buying digital currencies with Invity is as simple as shopping at Amazon or making a payment via internet banking, except with even more freedom. You get to choose the coin you want, exactly how much fiat money you want to spend, and your preferred payment method. You can pay by credit card, debit card, bank transfer, or some local payment options. To make sure your purchase is successful and secure, complete the steps below:
And there you have it—you've purchased some cryptocurrency! Now that you're familiar with the buy process, you're ready to explore Exchange crypto; using these two features, you can get nearly any digital currency out there. We also invite you to read our blog and plan your next moves. Have fun!
- Have your payment information ready. Most providers we work with accept cards issued by Visa and Mastercard, as well as bank transfers and other local payment options.
- At Invity.io, select Buy crypto in the top menu.
- Select the cryptocurrency and enter the amount you want to spend in the If you pay box. In the right-hand-side dropdown menu, pick the cryptocurrency you want to buy. Alternatively, using the ↓↑ button will allow you to enter the amount of crypto you want to buy with a fiat currency of your choosing.
- Select your country of residence in the Offers for menu—this ensures that we'll only show you purchases our providers can legally complete in your country. Then select Compare and buy.
- Our site will instantly compile a list of crypto amounts you'll be able to receive for the amount of cash you entered. The provider of the purchase is listed to the right of each offer. The offered rates may slightly differ per provider or currency, but it always includes all the fees associated with each transaction. Compare the details of each offer carefully, yet act quickly, since offers refresh every 30 seconds.
- Choose the offer you want to take, then select Get this deal.
- A safety notice will pop up, informing you that a part of the transaction takes place on the provider’s site. Proceed by selecting Continue to your receiving address.
- Enter the receiving address generated by your cryptocurrency wallet. This is where your cryptocurrency will go once your purchase is complete. Always carefully verify that the address is correct—crypto transactions can't be undone if they're sent to the wrong address. We recommend using the copy and paste function instead of manually typing each character; this reduces the risk of errors. Once you've checked the address, select Finish transaction. If you change your mind about this offer, select Other offers to go back.
- Once you’ve confirmed your wallet address, you will be redirected to a secure payment page belonging to the selected provider. Carefully follow the provider's instructions and enter the information they request.
- Once that is done, your payment will be processed by the provider. And as soon as the payment clears, your crypto will be on its way to your wallet!
And there you have it—you've purchased some cryptocurrency! Now that you're familiar with the buy process, you're ready to explore Exchange crypto; using these two features, you can get nearly any digital currency out there. We also invite you to read our blog and plan your next moves. Have fun!
At the moment Invity supports buying Bitcoin (BTC), as well as nearly 50 altcoins such as Litecoin (LTC), Ether (ETH), Ripple XRP (XRP), Stellar (XLM), Bitcoin Cash (BCH), Dash (DASH), Zcash (ZEC), and stablecoins like Tether (USDT). You can see all the coins offered for your location in the comparison tool’s dropdown menu, or you can check out the full list of cryptocurrencies supported by Invity. These currencies represent the largest userbases, market capitalizations, and a healthy cross section of the different protocols used in the crypto world. If, however, you want access to an even wider variety of coins, many more are available through our Exchange crypto feature!
You should get one straight away, as you need a wallet to buy crypto or make exchanges. Just as importantly, the type of wallet you choose affects how safe you can keep your funds. Our blog has a thorough explainer which will help you choose the best one.
When deciding on your crypto wallet, make sure it supports the coins you want to invest in. Each cryptocurrency uses a unique code, and it's challenging to make sure a coin and wallet work flawlessly together. Crypto wallet creators usually list the coins that their interface works with—just look for terms like "supported coins". Trezor with nearly 2,000 coins should cover all your needs.
For quick recommendations, hardware wallets are the safest and most durable way to keep your crypto secure. The Trezor Model T, developed by our very own SatoshiLabs Group, is widely regarded as the industry leader in hardware wallets, and Invity's buy and exchange services are already integrated directly into Trezor's user interface. If you’re not ready to invest in a hardware wallet yet, the Invity mobile app is the ideal, easy-to-use, safe & simple gateway into the world of Bitcoin for people in the European Union, Iceland, Norway, and Switzerland. For non-EU users, Blockstream Green and the BlueWallet are both trustworthy, easy-to-use hot wallet choices.
When deciding on your crypto wallet, make sure it supports the coins you want to invest in. Each cryptocurrency uses a unique code, and it's challenging to make sure a coin and wallet work flawlessly together. Crypto wallet creators usually list the coins that their interface works with—just look for terms like "supported coins". Trezor with nearly 2,000 coins should cover all your needs.
For quick recommendations, hardware wallets are the safest and most durable way to keep your crypto secure. The Trezor Model T, developed by our very own SatoshiLabs Group, is widely regarded as the industry leader in hardware wallets, and Invity's buy and exchange services are already integrated directly into Trezor's user interface. If you’re not ready to invest in a hardware wallet yet, the Invity mobile app is the ideal, easy-to-use, safe & simple gateway into the world of Bitcoin for people in the European Union, Iceland, Norway, and Switzerland. For non-EU users, Blockstream Green and the BlueWallet are both trustworthy, easy-to-use hot wallet choices.
A wallet address is the exact destination to which people or exchanges send your bitcoins or altcoins. However, unlike an email address or a bank account number, this information is not permanent. Generally, a different wallet address is used to receive every new transaction, don’t therefore expect a "return address" like with standard banking. This is mostly for privacy and security reasons. If you’d like delve into the technical grit of the matter, we recommend our deep-dive blog posts on addresses and keys, and on blockchain technology.
To keep your funds safe, always provide a new address when you're ready to receive crypto and ask for a new address when you're ready to send crypto! Many wallet addresses are also case sensitive, so it's a good idea to use the copy/paste function when entering them.
You don’t need to worry about it adding any work when transacting. Your addresses are linked to your wallet and the most reputable ones—whether online, an app, or hardware wallets—generate a new address automatically whenever you're performing a new transaction, or will simply prompt you to do so. However, each wallet is unique, so investigate yours thoroughly to make sure you know how to use this function!
To keep your funds safe, always provide a new address when you're ready to receive crypto and ask for a new address when you're ready to send crypto! Many wallet addresses are also case sensitive, so it's a good idea to use the copy/paste function when entering them.
You don’t need to worry about it adding any work when transacting. Your addresses are linked to your wallet and the most reputable ones—whether online, an app, or hardware wallets—generate a new address automatically whenever you're performing a new transaction, or will simply prompt you to do so. However, each wallet is unique, so investigate yours thoroughly to make sure you know how to use this function!
Cryptocurrencies can function as a medium of exchange, a unit of account, or a store of value. As useful, flexible, and potentially profitable digital currencies are, they also can be a bit complicated and volatile. So it's important to keep some things in mind when entering the world of crypto.
First, values can shift in relation to one another and over time. Like stocks, virtual currencies are subject to market forces, such as supply and demand, so a currency that is high in value one day may lose some or even all of that value the next. Even in the short history of crypto, there have been numerous major price fluctuations, flash crashes, and market manipulations, among other things, and it may not always be possible to liquidate, or get out of the market. Furthermore, competition on the market is worldwide, making it essential to have knowledge of global markets and events that may affect them. Experience in trading and in trading crypto specifically is highly recommended.
Second, cryptocurrencies are decentralized and not backed by governments or central banks. In other words, even though digital currencies can often be spent like fiat currencies and exchanged for them, they do not have the same status, protections, controls, or regulations. This means, for example, that if the Bitcoin market gets a little out of control and loses half its value in a few moments, there is no authority that will put on the brakes—it's up to the traders themselves to right the market. Furthermore, if you fall victim to a scam or theft, there's usually very little anyone can do to compensate you. This is why you'll see frequent reminders throughout Invity.io prompting you to be mindful of your security when dealing with crypto. And as always when it comes to money—if something feels fishy, it probably is.
Because of these risks, it's probably not a good idea to start trading crypto using funds taken from retirement savings, loans, emergency funds, or other essential reserves. Instead, transact only with funds that you could survive losing. This is also why we recommend making crypto only one part of a diverse financial portfolio, particularly through our Bitcoin savings plan, available in Trezor Suite.
But this shouldn't scare you off—millions of people around the globe participate in this alternative finance ecosystem, and all of them have an interest in keeping it going securely and with relatively few major shocks. What's more, many national governments have taken notice of the increasing role of digital currencies in the world's economy and have begun to issue advice, and in some places regulations, to help users who want to get involved in crypto. Countries like El Salvador and Central African Republic even became the first to make Bitcoin one of their official currencies. For just some of the advice issued by US authorities, read up on the Consumer Financial Protection Board's Consumer Advisory, the Securities and Exchange Commission's Investor Alert, the Commodity Futures Trading Commission's Customer Advisory, and the Financial Industry Regulatory Authority's Investor Alert. You should also stay tuned to
First, values can shift in relation to one another and over time. Like stocks, virtual currencies are subject to market forces, such as supply and demand, so a currency that is high in value one day may lose some or even all of that value the next. Even in the short history of crypto, there have been numerous major price fluctuations, flash crashes, and market manipulations, among other things, and it may not always be possible to liquidate, or get out of the market. Furthermore, competition on the market is worldwide, making it essential to have knowledge of global markets and events that may affect them. Experience in trading and in trading crypto specifically is highly recommended.
Second, cryptocurrencies are decentralized and not backed by governments or central banks. In other words, even though digital currencies can often be spent like fiat currencies and exchanged for them, they do not have the same status, protections, controls, or regulations. This means, for example, that if the Bitcoin market gets a little out of control and loses half its value in a few moments, there is no authority that will put on the brakes—it's up to the traders themselves to right the market. Furthermore, if you fall victim to a scam or theft, there's usually very little anyone can do to compensate you. This is why you'll see frequent reminders throughout Invity.io prompting you to be mindful of your security when dealing with crypto. And as always when it comes to money—if something feels fishy, it probably is.
Because of these risks, it's probably not a good idea to start trading crypto using funds taken from retirement savings, loans, emergency funds, or other essential reserves. Instead, transact only with funds that you could survive losing. This is also why we recommend making crypto only one part of a diverse financial portfolio, particularly through our Bitcoin savings plan, available in Trezor Suite.
But this shouldn't scare you off—millions of people around the globe participate in this alternative finance ecosystem, and all of them have an interest in keeping it going securely and with relatively few major shocks. What's more, many national governments have taken notice of the increasing role of digital currencies in the world's economy and have begun to issue advice, and in some places regulations, to help users who want to get involved in crypto. Countries like El Salvador and Central African Republic even became the first to make Bitcoin one of their official currencies. For just some of the advice issued by US authorities, read up on the Consumer Financial Protection Board's Consumer Advisory, the Securities and Exchange Commission's Investor Alert, the Commodity Futures Trading Commission's Customer Advisory, and the Financial Industry Regulatory Authority's Investor Alert. You should also stay tuned to
Since buying and exchanging cryptocurrencies come with some risks, it's very important to take your security seriously when making a transaction. Some of it involves common sense, however, there are some habits that you may try to get into. Here's a short mental checklist you should go through every time you visit Invity and make a transaction.
For even more comprehensive safety tips, read our blog articles about how to buy crypto safely, how to protect yourself from crypto scams, and how to store your crypto safely. If you get used to looking after the security of yourself and your funds, everything is likely to go very smoothly—have fun with your crypto!
- I'm in a private space. No cameras or other prying eyes are peeking at my screen.
- I understand that cryptocurrencies are an emerging financial tool and that regulations may be limited in some areas. This may put me at a higher risk of fraud, theft, or market instability.
- I understand that cryptocurrency transactions are irreversible and I won’t be able to receive a refund for my purchase.
- I'm using Invity to purchase funds that will be sent to an account under my direct personal control.
- I understand that part of this transaction will take place on a site belonging to Invity's partner and that any issues must be resolved with that partner.
- I arrived at Invity through a reliable source. If you were directed to the site for any other reason than to purchase, exchange, or learn about cryptocurrency, contact Invity, whoever directed you to Invity, and/or our partner who facilitates the purchase or exchange before proceeding.
- I'm not using Invity for gambling or any other violation of Invity’s terms of service.
- I have enough time to complete the transaction (usually between 3 and 10 minutes).
For even more comprehensive safety tips, read our blog articles about how to buy crypto safely, how to protect yourself from crypto scams, and how to store your crypto safely. If you get used to looking after the security of yourself and your funds, everything is likely to go very smoothly—have fun with your crypto!
When it comes to turning your fiat currency into cryptocurrency, Invity prides itself on vetting a wide array of reputable providers so you can use as many payment methods with as many fiat currencies as you wish. Feel free to get more info about each of our purchase providers on their sites below and also review our fully transparent list of transaction fees.
Banxa
BTC Direct
CEX.IO
Coinify
Mercuryo
MoonPay
SimpleCoin
Simplex
Anycoin
Topper
We're always in the process of including more purchase providers in our comparison tool, so check back often and follow our social media channels to see what's new!
Banxa
BTC Direct
CEX.IO
Coinify
Mercuryo
MoonPay
SimpleCoin
Simplex
Anycoin
Topper
We're always in the process of including more purchase providers in our comparison tool, so check back often and follow our social media channels to see what's new!
There are nearly 200 fiat currencies and thousands of cryptocurrencies in the world. The truth is that there are just too many combinations to cover all the possible transactions, so our providers start with supporting those with the highest user demand. In practice, you may not have many options when converting a small fiat currency to crypto, or an obscure crypto coin to another, and in very rare cases, none of our partners can support the currency pair you're interested in. If this happens, we would appreciate if you let us know so we know about this interest. You can do so via the ? Help widget in the bottom right corner of the page or at support@invity.io.
In total, Invity's providers can currently accommodate around 30 fiat currencies and over 100 of the top cryptocurrencies, covering the vast majority of people’s crypto transaction needs. What's more, the alternative offers feature automatically shows you more options in case you want to pay in a different world currency.
In total, Invity's providers can currently accommodate around 30 fiat currencies and over 100 of the top cryptocurrencies, covering the vast majority of people’s crypto transaction needs. What's more, the alternative offers feature automatically shows you more options in case you want to pay in a different world currency.