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How to buy Libra Credit token with credit card

Want to buy LBA, but don't know how to get started? Follow these easy steps! All you need is an email address and a credit card.

Ondefy offers the fastest way to buy Libra Credit

Follow these steps to get started:

1. Enter Amount

2. Connect your email or wallet

3. Pay by credit card or bank transfer

What is Libra Credit?

Libra Credit is a decentralized lending ecosystem that is powered by the Ethereum blockchain. It is a global initiative with a mission to provide financial inclusion and lower the cost of financial services. Libra Credit's proprietary big data, AI-based credit assessment technology and existing global partnership networks give it the expertise and capabilities to realize its mission. The platform focuses on a dual-credit risk scoring mechanism that considers the creditworthiness of the pledged collateral as well as the credit information of the borrower. Borrowers can pledge any crypto-assets as collateral and receive loans in their desired asset. Smart contracts and a proprietary collateral valuation and liquidation system lock in agreed terms between borrows, lenders, custodians, guarantors and liquidators. Founded in 2017 and backed by investors such as FBG Capital, GBIC, DHVC, Dekypt Capital, Crypto Parency, and others, Libra Credit is well-positioned to become a leader in the blockchain lending space.

How do I buy Libra Credit in 2024?

You can buy Libra Credit using credit card (Visa or MasterCard), bank transfer, Apple Pay or Google Pay. All you need to do is to choose a fiat currency, e.g. CHF, and enter an amount. A conversion rate is calculated for you. Once you are happy with the rate, tap the "Continue" button to get started. At this point, you will need to connect your email or wallet (if you are buying crypto for the first time, it will be easier for you to use your email, but Metamask and WalletConnect are also supported). Depending on wether Libra Credit is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Libra Credit for you. In this case, you will first need to sign a permit in order to allow us to perform this swap on your behalf. Finally, you will be able to choose your payment method, and finalise your purchase. If this is your first time buying with Ondefy, you will need to complete a short KYC (Known Your Customer) verification.

Is it safe to buy Libra Credit?

Your payment processing is securely handled by our partner Transak, and your purchased Libra Credit tokens benefit from the security of the blockchain. Nevertheless, as an investor you must assume the risk of owning cryptocurrencies, due to their inherent price volatility.