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Buy crypto with fiat FAQ
Updated over a week ago

What payment methods are available for buying crypto on Bake?

Credit/Debit Cards

Apple Pay

Google PayCrypto Payment (BTC, ETH, USDC, USDT)

Bank Transfer (SEPA Direct) - Coming Soon

Are the same payment methods available for bundle purchases?

Yes, Credit/Debit Card, Apple/Google Pay, and soon Bank Transfer (SEPA Direct) will be available.

Will DCA (Dollar-Cost Averaging) be available for these payment methods?

DCA is coming soon, but will not be available for Apple/Google Pay initially.

DCA for BTC, ETH, and DFI are currently available via credit/debit card and Apple/Google Pay. DCA for the other assets on Bake will be made available soon.

How long does it take for my crypto purchase to be processed?

All transactions are processed instantly, and you will have your funds available right away.

Which cryptocurrencies can be used for crypto payments?

Users can use BTC, ETH, USDC, and USDT for crypto payments.

What are the transaction fees for buying crypto through the fiat on-ramp?

The transaction fee is 3.5%.

How do these fees compare with other major exchanges and third-party on-ramps?

Our fees are very competitive compared to many other major exchanges and third-party on-ramps.

Is the new fiat on-ramp available for all assets on the platform?

Yes, it is available for all assets that are tradable on our trading engine.

Are there any other fees?

Some banks may treat crypto purchases as cash advances. We recommend checking with your card issuer to understand any additional fees or rates that may apply. Using debit cards can help avoid unexpected charges.

Is there a minimum or maximum purchase amount?

Minimum:

For BTC, ETH, DFI - US$10

All other crypto - US$20

Maximum:

US$50,000

Do I need to create a separate account to use the fiat on-ramp service?

No, you can buy crypto directly within your Bake app without creating any additional accounts. No additional KYC is required as well.

Can I use the fiat on-ramp to sell my crypto for fiat?

Selling crypto to fiat is not available on Bake right now.

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