This article is about what is Tap (XTP) crypto app. Tap is a crypto app that simplifies the way you buy, sell, store, and spend cryptocurrencies. With Tap, you can access multiple crypto exchanges and wallets with one account, exchange your crypto for fiat or other crypto at the best market rates, and spend your crypto anywhere that accepts Mastercard with a Tap card. You can also stake XTP to get discounts on fees and access premium features on the app.
What is Tap (XTP) Crypto App?
Tap (XTP) is a mobile app that simplifies the process of buying, selling, and trading cryptocurrencies and fiat money. It offers a user-friendly interface and allows users to register and complete a KYC process to transfer money from their bank accounts into the app. The platform enables easy conversion of fiat to crypto and also facilitates crypto trading. It has gained significant popularity within the European Union.
In addition to its crypto services, the Tap app provides users with a credit card that is linked to the platform. This credit card allows users to make purchases online, in physical stores, and even withdraw fiat money from ATMs. Overall, Tap offers a comprehensive and convenient solution for managing both cryptocurrencies and traditional fiat money through a single mobile app.
Tap has its own native token, XTP, which is an ERC-20 token that runs on the Ethereum blockchain. XTP is used to pay for the fees and services on the Tap platform, such as card issuance, transaction fees, exchange fees, and more. You can also stake XTP to get discounts on fees and access premium features on the Tap app.
How does Tap Work?
To use Tap, you need to download the app from the App Store or Google Play and create an account. You will need to verify your identity and provide personal information to comply with KYC and AML regulations. Once verified, you can buy, sell, and store crypto using Tap.
Buying crypto on Tap is easy, and you can use various payment methods like debit/credit cards or bank transfers. You can also deposit crypto from another wallet. Selling crypto on Tap allows you to withdraw fiat to your bank account or send crypto to another wallet or exchange.
For storing crypto, Tap offers a secure and encrypted wallet that supports over 50 cryptocurrencies. You can create sub-wallets for different purposes, like savings, trading, or spending, and easily switch between them.
To spend crypto, you can order a Tap Mastercard from the app. It comes in both plastic and virtual options, with standard and premium versions. The standard card has a monthly fee of 1.99 EUR and a daily spending limit of 5.000 EUR, while the premium card has a monthly fee of 9.99 EUR and a daily spending limit of 10.000 EUR.
To use the Tap card, you need to load it with fiat or crypto from your Tap wallet. When making a purchase, Tap will automatically convert your chosen crypto to fiat at the best market rate and deduct it from your wallet balance. The Tap card can also be used to withdraw cash from ATMs worldwide.
Bottom Line
In this article, we have discussed what is Tap (XTP) crypto app. If you are interested in trying out Tap, you can download the app from the App Store or Google Play and sign up today.
