Switch Pay is an additional product that can be used to on-ramp digital assets.
The site where you can buy and sell digital assets is https://switch-pay.com/buy-crypto/
Typical processing time to receive purchased funds is within 4 hours. Please contact support@switchrewardcard.com if you have been waiting for your transaction for more than 4 hours.
Card transactions can be classed as a cash advance, so there may be additional fees from your bank.
First, you will be asked to enter your phone number.
Then, enter the code sent to you via text.
Enter the amount and what cryptocurrency you want to buy.
Enter your email and wait for the one-time code to be sent. Please note: this code can take up to 5 minutes to come, so only initiate once.
Once the code is entered, you will be asked for some more personal information. Scroll down to enter all the requested information. You will also need to upload a photo of your ID, proof of address, and a selfie.
Once your identity has been verified, you can follow the steps prompted to complete the transaction.
If you have not already, enter the amount and what cryptocurrency you want to buy. Enter your email again and verify the code.
Enter your details again and any other information requested.
Lastly, you will need to complete the Jumio ID and facial verification. Follow the prompts to scan your ID and face. This process works best on a mobile device and not using the Safari browser.
Once completed, you can initiate your transaction. You can expect a confirmation email within 20 minutes, and the cryptocurrency sent within 1 hour.
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US customers can expect a 50% approval rate due to individual bank rules and regulations involving the purchase of cryptocurrencies.
If you have any questions, reach out to support at support@switchrewardcard.com
Helpful Tips:
- There is a $10,000 limit per transaction. For EUR, the limit is the USD equivalent of $10,000, based on the exchange rate at the time of the transaction.
- Limits:
Per TX: $25 minimum / $10,000 maximum
Daily: 1 transaction
Weekly: 3 transactions
Monthly: 5 transactions - Log in using your mobile device to use your phone camera to complete the KYC process.
- Use a debit card for the highest rate of approval.
- Approval of your transaction depends on your bank's policies and not on your balance or the transaction amount. Contact your banking provider for details about their approval policies.
- Credit card purchases to onboard a cryptocurrency can be classified as cash advance transactions. Contact your card provider for detailed information.
Disclaimer: SWITCH is a digital reward distributed through the Switch node network according to predetermined smart contracts. SWITCH is designed to have utility on the Switch platform for the purchase of Switch products and services, although other cryptocurrencies may be used as well. SWITCH is not available for purchase from Switch. SWITCH is not an investment product and may never have any value. Switch node owners should not expect to recognize any value from SWITCH other than its utility with Switch. Although Switch plans to undertake efforts to become a successful business, it is highly likely that SWITCH’s value will not correlate with the success or failure of Switch.