How to buy crypto with local currency on Inkryptus
Inkryptus added a way to buy USDT with your local currency directly in the app, powered by a licensed payment processor. No external exchange needed.
Inkryptus now supports buying USDT directly inside the app using your local currency. You select your country, choose a payment method like credit card, bank transfer, or local options and the USDT lands in your Inkryptus wallet within minutes. No external exchange account needed.
How do I buy USDT with local currency on Inkryptus?
Inkryptus uses Simplex to process local currency purchases. The steps are:
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Open the app and tap "Buy": this opens the FIAT on-ramp screen, separate from the trading screen.
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Select your country and local currency: Simplex adjusts the available payment methods to your location.
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Choose your payment method: credit card, bank transfer, or local payment options available in your region.
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Enter the amount in local currency: the app shows the exact USDT you will receive after Simplex fees before you confirm.
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Confirm the purchase: USDT is credited to your Inkryptus wallet immediately after confirmation.
Once you have USDT in your wallet, you can hold it, trade it for any of the other assets the platform lists, or withdraw it to an external wallet at any time.
Why does Inkryptus use a payment processor?
Simplex is a licensed payment processor. Simplex handles fraud detection, local payment compliance, and currency conversion on behalf of Inkryptus, allowing the app to support a wide range of local payment methods without requiring users to set up accounts on external exchanges.
This integration means Inkryptus can focus on the core product: a simplified-custody crypto wallet on BNB Smart Chain where users have an individual on-chain address, the wallet itself is a contract operated through multisig, and all wallet activity is verifiable on BscScan.
Is the "Buy" screen the same as the "Buy/Sell" screen?
No. The two screens serve different purposes on Inkryptus:
| Screen | Purpose |
|---|---|
| Buy | Convert local (fiat) currency into USDT via Simplex |
| Buy/Sell | Trade between crypto assets already in your Inkryptus wallet |
USDT is the central trading pair on Inkryptus. When you want to buy any other asset the platform lists, you do so by trading your USDT on the Buy/Sell screen. The "Buy" screen is the entry point for users bringing local currency into the platform for the first time.
Do I need to understand blockchain to buy crypto on Inkryptus?
No. The FIAT on-ramp is designed for users with no prior crypto experience. You do not need to understand blockchain addresses, network fees, or wallet setup.
Inkryptus is a simplified-custody wallet, each user gets an individual on-chain wallet address, and that wallet is a contract Inkryptus operates through a multisig arrangement. There is no seed phrase to manage or lose. The app handles the technical layer; the user buys, holds, trades, or withdraws.
This is the model behind Hy-Fi (Hybrid Finance): combining the interface simplicity of traditional payment apps with on-chain crypto infrastructure, verifiable on BscScan, not dependent on any single company's ledger.
Frequently asked questions
What currencies are supported for FIAT purchases?
Supported currencies depend on your country. Simplex adjusts the available currencies and payment methods by region. When you open the "Buy" screen and select your country, the app shows the options available to you. If your local currency is not listed, your nearest supported currency will be shown.
Are there fees for FIAT purchases?
Yes. Simplex charges a processing fee that is shown to you before you confirm the purchase. The app displays the exact USDT amount you will receive after fees, so there are no surprises at confirmation.
Can I withdraw the USDT I bought?
Yes. USDT purchased through the "Buy" screen lands in your Inkryptus wallet like any other deposit. You can hold it, trade it, or withdraw it to an external wallet. Withdrawals are subject to your account tier: Bronze accounts allow up to US$500/month; Silver accounts (which require KYC) allow up to US$500,000/month.
Inkryptus is available on iOS and Android. Download the app to get started.