Today we’re excited to announce a new feature for the Unicove web wallet: you can now buy tokens within the web app! This change has been the result of 6 months of talks with potential integration partners and development work, and we’re excited to release the final result to users today.
In order to make buying tokens within Unicove a reality, we’ve teamed up with Banxa, a well-known crypto service provider. Banxa simplifies the token-buying process by allowing you to use a credit card, Google Pay, Apple Pay, or other financial services based on your location to buy EOS and WAX tokens.
To celebrate the launch of our integration, Banxa is currently offering Unicove users a promotion! From January 20th to February 3rd 00:00 UTC, there’s a 0% card gateway fee, meaning that users who wish to purchase tokens with a credit card will not have to pay any card fees.
Why We’re Bringing Token Purchases to Unicove
At Greymass, we have two primary goals for Unicove: first, for it to provide users with an easy, intuitive way to perform transactions on the blockchain. While users could opt to perform the same transactions with the Anchor Desktop Wallet, the Unicove web wallet is designed to be more beginner-friendly and easy to access from any device that has an internet connection.
Second, we want Unicove to be an approachable on-ramp for people who are new to the Antelope ecosystem. We came closer to this goal back in July of 2022, when we added the option for account creation to the homepage. With this upgrade, people could get an account, manage their account resources, and send and receive tokens in Unicove.
Banxa’s services fit in perfectly with our vision for Unicove as an on-ramp into the Antelope ecosystem, because buying tokens is one of the most important first steps that someone new to blockchain can do. It opens up a world of possibilities for interacting with dApps and the community at large. However, buying tokens from an exchange can often be a daunting experience for new users.
By offering users the option to purchase tokens through the Banxa portal directly within Unicove, we hope that new users will find it even easier to become participating members in the Antelope ecosystem. But the benefits don’t stop at new users — existing users will also be able to experience a more seamless token purchase process, making their day to day interactions with the blockchain easier to manage.
Why We’re Partnering With Banxa
When we first started exploring the option of adding token purchases to Unicove, we knew that picking the right partner would be critical. We chose to go with Banxa because their mission of bringing more people into Web3 aligned the most closely with ours. We also appreciated the fact that they operate globally by pairing local payment solutions with the required crypto licenses, so they are well-positioned to serve a wide range of Unicove users. We were also reassured by their track record of serving over 100 million users through various crypto exchanges, wallets, and DeFi apps.
How to Buy Tokens
To buy tokens within Unicove, you’ll first need to sign in with your Anchor account. If you don’t have an account but would like to get one, simply click “+ Create New Account” and follow the prompts in the pop-up window.
Once you’ve used your Anchor account to sign in to Unicove, select Get Tokens from the left-hand navigation, and click on the Banxa button.
Inside of the Banxa portal, you’ll have the option to buy tokens. The token type will be determined by the account you logged in with (so if you have an EOS account on Anchor, Banxa will offer you the option to buy EOS tokens). If you haven’t used Banxa before, you’ll be asked to go through a KYC (Know Your Customer) process so that Banxa can maintain regulatory compliance. None of the information you enter during this process will be stored or accessed by Unicove.
After the KYC process is complete, you can choose your preferred payment method and purchase your tokens. Once the transaction has been processed, you’ll be able to access your tokens within Unicove’s dashboard. The tokens you purchase are secured by your self-custodial Anchor account, with Unicove simply acting as the interface, so you can rest assured that your new tokens are safe.
If you have any questions during the process, we encourage you to check out our guide or reach out to Banxa’s support team for help.
Want to learn more about Unicove and our partnership with Banxa? You can check out our podcast episode about it here. And if you want to try it out for yourself, remember to do so within the next two weeks to get the card fee discount!