What are fiat providers?

Fiat providers are third-party services that allow you to buy cryptocurrency using traditional money such as pounds, euros, or dollars. Wraith Wallet integrates these providers so you can purchase crypto directly in the app without needing to go through an external exchange.

How fiat providers work

You choose the cryptocurrency you want to buy and the amount.

You select a payment method such as debit card, credit card, bank transfer, or Apple Pay/Google Pay.

The fiat provider processes your payment and sends the purchased crypto to your Wraith Wallet address.

Why use fiat providers

Convenience - buy crypto without leaving Wraith Wallet.

Speed - purchases are usually completed within minutes.

Flexibility - multiple payment methods are supported.

Accessibility - allows new users to enter the crypto market quickly.

Limitations and considerations

Fees - fiat providers charge transaction fees that vary depending on the provider and payment method.

Limits - daily, weekly, or monthly purchase limits may apply.

Verification - most providers require identity checks (KYC) to comply with regulations.

Availability - not all payment methods are supported in every country.

Fiat providers in Wraith Wallet

Wraith Wallet partners with trusted fiat providers to make buying crypto seamless.

The wallet itself does not process your payment - the provider handles the transaction and sends funds to your wallet.

You can compare providers in-app to see which offers the best rates and fees before purchasing.

Key points to remember

Fiat providers let you buy crypto directly with pounds, euros, or dollars.

They are integrated into Wraith Wallet but operated by third parties.

Fees, limits, and verification requirements vary by provider.

Always review the details carefully before confirming a purchase.

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