We’re thrilled to introduce Acwires, our newest partner for fiat-to-crypto transactions! Acwires is the innovative payment technology bridge between traditional finance (TradFi) and Web3.
This detailed guide is designed to help you smoothly purchase cryptocurrency using Acwires. We’ll cover the essential steps for successful verification and share tips to navigate any potential issues. Ready to dive in? Here’s how:
Step 1. Go to changelly.com/buy-crypto
Start by visiting changelly.com/buy-crypto. This is where your crypto journey begins.
Step 2. Set up your order
On changelly.com/buy, select your desired fiat currency and cryptocurrency pair. Click the ticker, choose your crypto and fiat, and then hit “Buy now.”
Step 3. Pick a payment method
Currently, Acwires only accepts payments via bank cards.
Step 4. Click on Acwire’s offer
You’ll see various offers from our partners. Click on Acwire’s offer after comparing how much cryptocurrency you will receive for your fiat amount.
Step 5. Enter your crypto wallet address
Provide the wallet address where your new crypto will be sent.
Due to the irreversible nature of blockchain technology, once a transaction is confirmed, it becomes a permanent entry on the blockchain and cannot be changed or undone. This is why it’s essential to ensure your wallet address is correct. Any mistake could lead to your funds being permanently lost to an incorrect or nonexistent address. Take a moment to double check your wallet details — it could save you a lot of trouble!
Verify that all details are correct, check the box to agree to the Terms of Use, and then confidently click the green Buy button to finalize your purchase.
Step 6. Be redirected to Acwires
You will be redirected to the Acwire website. At this stage, you’ll either need to log in to your existing Acwire account or create a new one.
Start by entering your email address. Then, input the captcha you see on the screen. Check if the input email is correct, and click “Continue”.
Check your email for a code sent by Acwires, and enter this code to verify your email address. This step is crucial for the security of your account and proceeding with your crypto purchase.
Step 7 – Check your order
You will see a window with your order details, the data you set up on our homepage. Familiarize yourself with the commissions. Please check again if everything’s correct, and if so, click “Buy”.
Step 8. Provide your personal details
At this stage, you will see a box with empty fields for entering your personal information, such as surname, first name, phone number, address, etc. Carefully fill in all fields.
Important: When choosing the type of document you plan to verify and its number, make sure that you have this document at hand – you will need it further on.
Double-check all the information you have entered. Tick the box for consent to the processing of your data and click ‘Continue’.
Step 9. Verify your identity / KYC
Crypto exchanges need KYC (Know Your Customer) to comply with anti-money laundering (AML) regulations and to prevent fraudulent activities such as money laundering and terrorist financing. KYC helps to verify the identity of customers and ensure that the funds being transferred are not linked to illegal activities.
We also have a very detailed guide on how to pass KYC on Changelly – learn more here.
Acwires requires standard KYC procedures for transactions of all sizes. KYC verification on Acwires is done via Sumsub and is quick and easy to go through.
First, Sumsub will ask you if you are a U.S. resident or not. Select the correct field click ‘Continue’.
Now, select your country from a drop-down menu. Depending on your country of residence, you will be presented with a list of documents suitable for verification. Select the type of document you intend to use.
Please also note that the following steps will require a camera. Therefore, for your convenience, you may use the ‘Continue on phone’ button.
Follow the instructions on the screen to upload a photo of your preferred ID. Make sure to position your document in the suggested frame.
For the final step, you will have to pass a liveness check. It is a biometric check that proves that you are a real person and not a robot. It is typically a lot more reliable and faster than the selfie verification process. Although it is named “selfie” on both our and Sumsub’s websites, in reality, it requires you to take a short video.
Follow the instructions you will see on the screen. You will need to position your head so that it’s right in the middle of the circle. Please note that it has to be fully visible; don’t move too close to the camera.
You will be taken to a screen with your verification details. Check the details once again and click ‘Next’.
Verification is done! You will be transferred to the verification status page, which is updated in real-time. Once the system checks all your uploaded information and documents, you will be redirected to the next step.
Tips for Smooth Verification
Take a clear picture of your photo ID, ensuring all details are legible.
Your photo ID should be valid for at least another three months.
Position the document so that all its corners are within the frame.
If you encounter camera issues on the desktop, switch to the mobile app.
Refresh the page to restart if you make a mistake; do not proceed with known errors.
Ensure the light source is in front of you for a clear selfie.
Remember, avoiding common mistakes can significantly speed up the verification process.
Step 10. Pay for your purchase
To complete the transaction, you need to enter the card details. Check the accuracy of the data entered and tick the box to agree to Acwire’s Terms of Use. Click ‘Continue’.
Payment processing will take a few minutes. During this time, your transaction will have a pending status.
Final step – enjoy your new crypto!
Now, simply wait for the cryptocurrency to be credited to your wallet.
Processing of fiat-to-crypto transactions typically takes longer than crypto-to-crypto transactions. While it is mostly completed within one hour, the timeframe may vary depending on network traffic. Please allow up to an hour for processing, and don’t worry about checking transaction status during that time.
FAQ on using Acwires
This section aims to address common queries about using Acwires. If your question remains unanswered or you encounter an issue, please feel free to reach out to Acwire’s support team at [email protected].
What are Acwire’s purchase limits?
Acwire supports transactions ranging from $18 to $1000 USD or its equivalent in other currencies. This range is designed to accommodate both new entrants and more experienced users looking to make modest purchases.
What crypto does Acwires support?
Acwires facilitates transactions in a variety of cryptocurrencies to cater to diverse investor needs. Supported cryptocurrencies include:
USDCAVAC
USDCBSC
USDC
USDCSOL
FDUSD
USDTAVAC
USDTBSC
USDT20
USDTSOL
USDTRX
Where is Acwires available?
Acwires proudly offers its services in over 100 countries worldwide. However, due to regulatory and compliance reasons, Acwires is not available in the following countries:
Bulgaria, Burkina Faso, Cameroon, Croatia, Democratic Republic of the Congo, Haiti, Iran, Kenya, Mali, Monaco, Mozambique, Myanmar, Namibia, Nigeria, North Korea, Philippines, Senegal, South Africa, South Sudan, Syria, Tanzania, Venezuela, Vietnam, Yemen.
Disclaimer: Please note that the contents of this article are not financial or investing advice. The information provided in this article is the author’s opinion only and should not be considered as offering trading or investing recommendations. We do not make any warranties about the completeness, reliability and accuracy of this information. The cryptocurrency market suffers from high volatility and occasional arbitrary movements. Any investor, trader, or regular crypto users should research multiple viewpoints and be familiar with all local regulations before committing to an investment.
Source: https://changelly.com/blog/buying-crypto-on-changelly-via-acwires-a-step-by-step-guide/
