how to buy crypto with zilch

To purchase cryptocurrencies online using Zilch's buy-now, pay-later service, create an account and link your bank account, allowing for instant approvals and flexible installments.

Jan 27, 2025 at 09:06 am

Key Points:

• Zilch is a buy-now, pay-later (BNPL) service that allows users to make purchases online without paying upfront.
• Zilch can be used to buy cryptocurrencies on various exchanges and platforms.
• To buy crypto with Zilch, users must first create an account and link their bank account or debit card.
• Zilch offers instant approvals and allows users to spread their payments over four equal bi-weekly installments.
• Using Zilch to buy crypto can be a convenient and flexible way to invest in digital assets without paying upfront.

How to Buy Crypto with Zilch:

1. Create a Zilch Account:

• Visit the Zilch website or download the Zilch app.
• Click on "Sign Up" and enter your personal information, including your name, email address, and phone number.
• Verify your identity by providing a government-issued ID.
• Link your bank account or debit card to your Zilch account.

2. Browse Crypto Exchanges:

• Zilch partners with a number of cryptocurrency exchanges, including Coinbase, Binance, and Kraken.
• Visit the Zilch app or website and select the "Buy Crypto" option.
• Choose the desired exchange and navigate to the cryptocurrency you wish to purchase.

3. Enter Purchase Details:

• Specify the amount of cryptocurrency you want to buy.
• Select Zilch as your payment method.
• Review the purchase details and confirm the transaction.

4. Instant Approval and Payment:

• Zilch will instantly approve the purchase and release the funds to the cryptocurrency exchange.
• You will receive a confirmation email or message from both Zilch and the exchange.
• The cryptocurrency will be deposited into your exchange wallet.

5. Manage Installments:

• Zilch will automatically split the purchase into four equal bi-weekly installments.
• You can view your installment schedule and payment history in the Zilch app or website.
• Make your payments on time to avoid late fees and penalties.

Benefits of Using Zilch to Buy Crypto:

• Convenience: Zilch offers a seamless and convenient way to buy crypto without having to pay upfront.
• Flexibility: You can spread your payments over four installments, reducing the financial burden.
• Instant Access: Zilch's instant approvals allow you to access cryptocurrency immediately without waiting for funds to clear.
• Rewards: Zilch offers rewards and incentives for using its service, which can offset the fees associated with BNPL.

Considerations:

• Fees: Zilch charges a 2.5% fee for using its service. This fee may increase for larger purchases or for exchanges that do not support Zilch directly.
• Approval Criteria: Zilch may not approve all purchase requests, especially for first-time users or those with poor credit histories.
• Interest: Zilch does not charge interest on its installments, but late payments may incur late fees.
• Supported Exchanges: Zilch does not support all cryptocurrency exchanges. Before using Zilch, ensure that the exchange you wish to use is compatible with Zilch.

FAQs:

• Q: Can I buy any cryptocurrency with Zilch?
  A: Zilch supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Dogecoin, and more. However, the specific cryptocurrencies available may vary depending on the exchange you choose.
• Q: Are there any limits on how much crypto I can buy with Zilch?
  A: Zilch may impose limits on the amount of crypto you can buy based on your credit history and other factors. Contact Zilch directly for specific limits.
• Q: How long does it take to receive crypto purchased with Zilch?
  A: Crypto purchased with Zilch is usually deposited into your exchange wallet within a few minutes. However, processing times may vary depending on the exchange and the network conditions.
• Q: What happens if I miss a Zilch payment?
  A: Missing a Zilch payment may result in late fees and penalties. It may also damage your credit score and affect your ability to use Zilch in the future.