Canapay is your one stop cryptocurrency exchange. Easily purchase some of the major crypto currencies using your bank credit or debit card. Canapay not only offers a full range of crypto exchange services, but is fully compliant and regulated.
We currently support purchases of major crypto-currencies including USDT, BTC, ETH. Please check the drop menu when initiating a purchase to see all available coins currently offered in the exchange.
There are many service providers that provide digital wallets for customers to store their cryptocurrencies. Canapay does not host wallets or store your crypto on our platform - we do not offer a wallet service. Sites such as CoinBase, Exodus, Electrum and Mycelium provide easy wallet services for you to sign up for.
Your minimum exchange amount is the equivalent of 10 Euro. However, as we charge a fee for the transaction, this also needs to be covered during the exchange to cover cost of the transaction. All details are shown when initiating a transaction.
Your maximum exchange is dependent on the AML (Anti-Money Laundering) regulations in your jurisdiction, as well as the maximum transaction amount permitted from your card provider.
Yes, we conduct an easy-to-navigate and fast KYC (Know Your Customer) procedure on all customers and users. This includes verifying your email address, phone number, and your identity. Only once you have completed the KYC process will you have full access to the exchange. Please be informed that we reserve the right to stop the provision of services in case a customer refuses to provide us with the requested KYC information.
When buying crypto, you need a place to store your crypto. This is done in a crypto wallet - the digital equivalent of a physical wallet. A crypto wallet is used for all transactions relating to cryptocurrency. In order to buy cryptocurrency with Canapay, you will need to have a crypto wallet from which to send and receive crypto.
Yes, we charge a transaction fee when you purchase crypto. All details are shown when initiating a transaction.
The coin purchase (exchange) time usually varies from 5 to 60 minutes. There are rare occasions when more time is needed and it can take up to 24 hours. The processing speed depends on how long it takes for a block to be included in the network blockchain. Delays could be due to a number of reasons, including the blockchain being overloaded, periodical coin updates, or a certain number of confirmations are required to continue the exchange.
This is due to the time it takes for the exchange to be logged in the blockchain, as well as volatility in the crypto exchange market. This is called a 'floating' rate exchange, a classic cryptocurrency exchange type when the approximate receiving amount is shown at the time of the exchange creation. You can get either more or less coins than expected at the beginning of the floating rate exchange due to the volatile nature of the cryptocurrency market.
You cannot cancel a cryptocurrency purchase or exchange once it has been initiated. Please do check that the recipient wallet address is 100% correct before clicking to confirm. Crypto transactions are irreversible, and you are unable to call them off.
There is little chance of your account being hacked as Canapay does not store crypto wallets. Best practice is important to keep your personal and private information safe. Please follow our recommendations: - It is important to use a separate email for registration on the exchange, which is not a publicly available address for your regular activities, registrations on other sites, etc. - When registering on the exchange, use a unique, complex password - at least 10 characters, containing letters in both cases, numbers. In no case should you use the same password on different services! This significantly increases the likelihood that your account will be hacked, especially if your standard password comes with your standard email. - Be aware of phishing. Don't click on suspicious links in your email inbox. Hackers have learned to use them to gain access to your entire operating system. Always check the sender and take another look at the link. - Be careful what you share, don’t let anyone know any of your passwords and logins.