How to buy Liquity token with credit card
Want to buy LQTY, 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 Liquity
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 Liquity?
LQTY is the native token of the Liquity Protocol. It captures the fee revenue generated by the protocol via staking. LQTY holders are rewarded with a share of the fees generated by the protocol. The Liquity Protocol is a decentralized borrowing protocol that allows users to draw 0% interest loans against Ether used as collateral. Loans are paid out in LUSD and need to maintain a minimum collateral ratio of only 110%. The loans are secured by a Stability Pool containing LUSD and by fellow borrowers collectively acting as guarantors of last resort. Liquity is non-custodial, immutable, and governance-free.
How do I buy Liquity in 2024?
You can buy Liquity 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 Liquity is supported by our ramp provider, you may be invited to buy an intermediary token, that we will then swap to Liquity 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 Liquity?
Your payment processing is securely handled by our partner Transak, and your purchased Liquity 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.