Kinesis has introduced a new purchase option, enabling users to instantly buy gold, silver and cryptocurrencies with a debit card, credit card and other money transfer options on the platform.
Users can also purchase assets using over 40 local currencies, with their assets arriving in their Kinesis account minutes later. The instant asset purchase feature simplifies gold, silver and cryptocurrency purchases by minimising the steps involved.
Choosing from a wide range of money transfer methods, users can purchase precious metals and cryptocurrencies, across Europe, Asia, Africa and the Americas, with methods including instant ACH and SEPA bank transfers, e-money transfers and digital wallet options.
Limitations set by financial institutions
Depending on the cryptocurrency policy of their financial institution, users have experienced varying success while purchasing assets with this new functionality. We are providing a solution for our users, however, Kinesis has no control over whether a financial institution allows a user’s digital asset purchase to be processed.In the instance your financial institution does not approve your purchase, you will be immediately notified, with no charge taken from your account. If this is the case, we recommend you try another debit card, credit card or bank transfer option – or opt for one of our existing deposit options.
Where is the purchase feature available?
Credit and debit card purchases allow users to acquire their desired assets with the simplicity of buying any other product online. Across the EU, US, and Indonesia, users can choose bank transfer options, with Brazil, Chile, and Colombia also supported.In addition, alternative purchase options are also accepted for digital wallet solutions, such as Astropay, Skrill, and Neteller.
See the full list of available regions in our support guide.
Access the benefits of Kinesis
Kinesis gold (KAU), silver (KAG) and all the cryptocurrencies on the platform are available to purchase through the feature – with the exception of DASH, XDC and KVT.Once users have purchased gold and silver, Kinesis pays a monthly yield on those precious metals held in their account. As with all yields on the Kinesis platform, the Holder’s Yield is distributed from global transaction fee revenue generated the previous month.
Additionally, users across 60+ countries can spend precious metals and cryptocurrencies they have purchased with the Kinesis Virtual Card at millions of locations worldwide – with instant fiat conversion.
The fee charged for this purchase method incorporates a service fee and a network fee. Fees will vary depending on the purchase method selected. See our fees page here for the full fee schedule and supported purchase methods.
How it works
Kinesis users can select the desired asset to purchase or the amount of local currency that they would like to spend. For ease of use, the asset purchase feature allows users to save their details securely for the next time.The many other regional options make it just as simple to acquire assets through the bank transfer option. Depending on the country and specific bank selected, the user may need to authorise the transaction within the secure browsing portal or their banking app.
Read this guide for a full walkthrough of how the feature works for card purchases.
With the new asset purchase feature, Kinesis opens up users to a versatile purchasing experience in the retail market. Kinesis will continue to deliver greater access to users of all experience levels wishing to enter the precious metals and digital asset markets.
