Buy digital assets instantly via card, open banking, Apple Pay & Google Pay

Kinesis has partnered with leading global fiat-to-crypto on-ramp, Banxa, to introduce instant gold and digital asset purchases across 200+ regions, with a wide range of payment methods, including:

• Debit and credit card 
• Apple Pay and Google Pay
• Open banking
• Bank transfers

The new feature allows users to instantly purchase Kinesis gold (KAU), silver (KAG) and 25 digital assets available on the Kinesis Exchange, without first depositing funds into their account. Kinesis users can purchase assets with their local currency and receive those assets directly into their Kinesis account shortly after.

Kinesis users can now buy gold and digital assets with some of the lowest fees for debit and credit card purchases on the market. The feature is designed to enable users to purchase in just a few clicks. This integration aims to attract retail users, providing an accessible solution for newcomers and those without trading experience.

The integration with Banxa offers Kinesis users expanded regional on-ramping coverage and a highly competitive fee structure for card and local payment options, compared to many other providers. With a focus on localised regulatory compliance, Banxa places a strong focus on AML and KYC protocols within its payment infrastructure and solutions, offering an effective, trusted gateway into the Kinesis platform.

Kinesis plans to release the feature on the Kinesis App later this month.

See the full list of supported currencies, payment options, supported regions, and minimum and maximum limits on our fees page. 

Buy digital assets with your Visa or Mastercard

Through the integration, users can purchase precious metals and digital assets, with processing fees typically as low as 1.99% for credit or debit card purchases, Apple Pay and Google Pay, making the feature one of the most affordable on the market. 

With a high monthly purchase limit, users can purchase a wide range of digital assets, including Bitcoin, USDT, XRP and Kinesis native assets, gold (KAU) and silver (KAG) in 30+ accepted local currencies.

See fees and limits

Buying gold (KAU) and silver (KAG) with Banxa

Catering to the needs of the retail market, the maximum Banxa monthly purchase limit for gold (KAU) and silver (KAG) is currently set at $2,000 and will increase as the integration matures. For those more experienced users wishing to make larger purchases, the feature enables users to instantly purchase USDT and USDC (ERC-20) with higher monthly limits and a range of localised onramping options. From there, users can trade their USDT and USDC for gold or silver on the Kinesis Exchange. 

Buy digital assets via local banking options 

Across Europe, Australia, Canada, the Netherlands, and multiple regions, users can select regional bank transfer options (SEPA, PayID, and more) to purchase assets instantly. 

Local payment methods, such as SEPA (EU), Interac (Canada), iDEAL (Netherlands), and many more transfer options have 0% processing fees, making them a highly cost-effective method for onboarding money to the Kinesis platform. In this way, Kinesis users can purchase assets with their local currency without paying a processing fee or trade execution fee, only a blockchain network fee.  

The feature also supports purchases in Brazil, Mexico, Chile, as well as South Africa, enabling users to select familiar local bank transfer options.

Please note: purchases via the feature are instantaneous; however, certain payment services or financial providers may take a few days to process the transaction. 

For more information on the weekly and monthly purchase limits via the Banxa purchase feature, see our fees page.

US and UK availability

The integrated Banxa purchase feature will be available in 200+ regions worldwide; however, at present, this option is not available to US and UK-based residents. 

We are currently working towards bringing on further local deposit on-ramps for our US and UK users in the near future. 

For US-based users, Kinesis offers local USD deposit options via Fedwire with a US bank, with ACH soon to follow. 

Kinesis is working closely with a trusted provider to bring forward a regulatory and compliance solution that will enable Kinesis to launch both UK Local Banking and widen access to the Banxa feature for UK-based residents.

How it works

The purchase feature is accessible within the main Home dashboard of the Kinesis platform. In supported global regions, users will be shown their available options when they select ‘Buy with Card’ in the Buy/Sell widget. 

Users can select their desired local fiat currency (such as AUD or EUR) and are instantly shown the amount of digital assets they will receive, with a live market price of the total amount payable, including the fees. 

Alternatively, users can select the amount of an asset they would like to receive (like Bitcoin or Ethereum), and see the amount payable in their local currency and with the selected payment method.

In most cases, verified users will not need to complete any compliance checks in addition to those previously completed with Kinesis. In the event further identity verification is required, it will always be completed before payment processing to ensure a smooth transaction. Once completed, the system remembers this verification for all future purchases, eliminating the need to repeat the process. 

Earn a yield on gold

Once users have purchased gold and silver, Kinesis rewards them with a monthly yield on the precious metals held in their Kinesis account. 

Kinesis users who buy and hold gold on the platform automatically qualify to earn a monthly yield. As with all the Kinesis yields, the Holder’s Yield is distributed from global transaction fee revenue generated in the previous month, ensuring a direct benefit to those who hold Kinesis gold and silver.  

June saw Kinesis pay out $2.6 million worth of gold and silver to precious metals holders across the platform, demonstrating the growing impact of the Kinesis Yields System and the tangible rewards delivered to our users. 

Enhanced global access & on-ramping

Following the addition of new local USD bank deposit options last quarter, Kinesis remains committed to expanding platform access for our global users. 

Through the integration with Banxa, Kinesis expands global accessibility of digital assets and gold with a seamless, low-cost on-ramping solution. As Kinesis evolves our offering, we will continue to enhance access to the Kinesis platform for people across the globe.