Now it is possible to send Bitcoin to a credit card in Lumi Wallet, thus making it one of the few apps with full spectre of financial operations with Bitcoin in-wallet.
There are a couple of crypto wallets that position themselves as all-in-one solutions for cryptocurrency operations. Lumi Wallet, after the latest update, is one of a few to actually withstand those claims, allowing both the purchase and withdrawal of Bitcoin to a credit card.
Buy & sell Bitcoin easily
Basically, wallets were developed to make interacting with your Bitcoin assets easy. You hold your currencies, transfer them, exchange them, and that’s it. Such basic functionality is provided by any wallet on the market, but the game changes when fiat-to-Bitcoin transactions come into play.
As more and more users want to easily buy and sell Bitcoin with a bank card, it becomes a challenge for wallet developers to provide such functionality:
Firstly, the wallet needs to be technologically developed enough to provide and sustain such functions.
Secondly, it has to receive the credentials and licenses needed to interact with banks and card issuers.
This presents a major obstacle for many wallets.
Fortunately, Lumi Wallet has passed the test of technology and institutional trust and now it is possible to not only buy Bitcoin in-wallet, but also to withdraw it directly to your credit card.
How to send Bitcoin to a credit card in Lumi Wallet?
The process is quite simple:
First of all, install the iOS/Android application.
After opening an existing wallet or creating a new one, follow these instructions:
- Enter the amount of Bitcoin you want to sell.
- Enter your email and check the inbox to verify it.
- Fill in card details and confirm Your ID.
Wait for an email to confirm your withdrawal.
That’s it – your crypto is on the way!
How to buy crypto with a credit card in Lumi Wallet?
You can also exchange the fiat money for cryptocurrency using Lumi.
The process is quite similar to the one described above:
- Enter the currency and the amount you want to buy.
- Confirm your transaction.
- Get the receipt with transaction ID – the funds are on the way.
This way, your wallet becomes an ecosystem open to all operations with crypto you might ever need!
Stay tuned with Lumi
Lumi Wallet is an actively developing crypto wallet, so we recommend you subscribe to their twitter to never miss an update or giveaway. Also, Lumi’s team writes a lot of useful articles about crypto on their lively blog that is definitely worth checking out if you want to learn more about the crypto space.
This is a press release. GetIgnite does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. Readers should do their own research before taking any actions related to the company. GetIgnite is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Prior to joining Get Ignite, Florence had a hand in a number of online and print publications, including InternetNews.com as chief copy editor and Government Technology Magazine as managing editor. She also did a stint in Sydney as group editor of RBI Australia’s manufacturing group, which is when she also developed an affinity (a love, really) for tennis.