The mobile payments industry is already large and growing quickly. Throughout the world, people need access to a cheap, safe, and effective means to make online purchases. Papp Mobile (PAPP) is a cryptocurrency option that provides its own unique method of making payments online.
In this easy-to-read, step-by-step guide, we will show you exactly how and where you can purchase PAPP in no time.
What is PAPP?
Papp Mobile (PAPP) is a cryptocurrency that hopes to be the de facto payment tool of the internet. It provides fast, safe, and easy payments which can be used for all sorts of digital purchases without releasing sensitive banking details or personal data.
Online payments can be made via the Papp Pay website, where you also have the option to send your PAPP tokens to be converted to cash and have the payment made for you. This means PAPP can be used on virtually any online store or service.
PAPP is a BEP20 token issued on the Binance Smart Chain with a fixed supply of 1 trillion total tokens. In addition to this, 1% of all transaction fees are redistributed to PAPPs holders as a means of providing passive income.
Read on to learn about the best and easiest ways for you to purchase PAPP today.
Step 1: Register on Fiat-to-Crypto Exchange
Before you can buy PAPP you first need to enter the crypto ecosystem by exchanging fiat money (such as dollars) for cryptocurrency. You can do this using a regulated intermediary exchange known as a fiat-to-crypto exchange. After you have purchased your initial cryptocurrency with fiat money it will be much easier to swap between other cryptocurrencies on any platform of your choosing.
CryptoWallet is an excellent option for your initial fiat-to-crypto onramp. The easy-to-use CryptoWallet application, which is available on both Apple and Android devices, provides a guided process to make registration easy. It is also an extremely secure option since all crypto funds stored in your wallet are protected by BitGo, a leader in the digital asset security space. CryptoWallet even offers a crypto debit card, allowing you to spend your crypto-like money anywhere that accepts debit payments.
Once you’ve completed the initial onboarding process you are ready to begin purchasing cryptocurrencies.
Step 2: Buy BTC with Fiat Money
CryptoWallet makes it easy to purchase cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT) using just a debit or credit card. This means buying crypto can be as easy as regular online shopping. Although PAPP is not directly supported, it will be very easy to transfer from one of the mentioned currencies above into PAPP, which we will cover how to do in step 3.
We recommend purchasing Bitcoin (BTC) to get started since it is the most widely known and accepted cryptocurrency. This will make it much easier for you to find a suitable altcoin exchange when it is time to trade for PAPP.
After purchasing BTC you are ready to move on to the next step, swapping BTC for PAPP.
Transfer BTC to an Altcoin Exchange
PAPP is currently supported on several altcoin exchanges. You should do your own research to find the best exchange that meets your needs and provides you with the best trading rates. Another important thing to consider is that the altcoin exchange you choose is reputable and trustworthy.
Once you have selected which altcoin exchange you will use to trade BTC for PAPP, you will need to sign up on that new exchange. Since fiat money is not involved and you will only be trading crypto-to-crypto from here on out, the sign-up process should be fast and easy.
After completing sign up it is time for you to send your BTC to your chosen altcoin exchange. First, find your BTC receive address on the altcoin exchange, then paste that address into the ‘Send To’ field on the CryptoWallet app.
It will generally take 15-45 minutes before your BTC will arrive on the new exchange. Once this is done you are ready to find the BTC/PAPP trading pair and make your trade. Once the trade has been executed you are now the proud owner of PAPP.
Last Step: Store PAPP Securely
You generally have two options to secure cryptocurrencies like PAPP: software (online) wallets and hardware (offline) wallets. Each comes with its own potential tradeoffs.
Software wallets are the most widely used and readily accessible option. They are generally easy to use and provide convenient access to your coins when you need to use them. If you regularly use your crypto (and are not just storing it for long periods) a software wallet is probably your best option.
CryptoWallet is an example of a software wallet that allows you to buy, sell, trade, and even spend (via their unique crypto debit card) your crypto all in one easy-to-use application. You can also rest easy knowing your crypto is safe with CryptoWallet since it is secured by BitGo, an industry-leading custodian. Currently, CryptoWallet is focused on major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), and Tether (USDT), however. This means it is not available for PAPP.
If you are storing large amounts of funds and not requiring regular access, then a hardware wallet may be your best option. Hardware wallets store your keys offline, providing an extra layer of security. The potential downsides of hardware wallets are that you must purchase a separate device and that they are not tailored towards regular use. Ledger and Trezor are two examples of popular and trustworthy hardware wallets where you can store your crypto.
Other Useful Tools for Trading PAPP
Other useful tools for trading PAPP include price-feed tools like CoinGecko.com and CoinMarketCap.com which provide you with a real-time price chart and statistics such as current market cap and trading volume. In addition to this, CoinGecko and CoinMarketCap will provide you with a list of exchanges currently trading PAPP as well as the trading pairs they support (for example BTC to PAPP or USDT to PAPP, etc).
You May Also Like
If you like PAPP, you may also be interested in other cryptocurrencies meant to provide easy and convenient online payments. This includes cryptocurrencies like XRP (Ripple) and LTC (Litecoin). Both of which are available for you to buy, hold, trade, and spend on the CryptoWallet app.
Can I buy PAPP with cash?
Unfortunately, you cannot buy niche cryptocurrencies like PAPP directly with cash. However, a cash-like way to purchase PAPP is to use your debit or credit card to purchase BTC on CryptoWallet and then trade that BTC for PAPPon an altcoin exchange.
Are there any quick ways to buy PAPP in Europe?
The quickest way for you to buy PAPP in Europe is to use the CryptoWallet app which will allow you to buy Bitcoin (BTC) directly with your debit or credit card. Once you have completed this purchase you can easily swap your BTC for PAPP on an altcoin exchange.
Are there any alternative platforms to buy PAPP or Bitcoin with credit cards?
While the combination of CryptoWallet and an altcoin exchange that supports PAPP is likely the easiest and best option to purchase BTC with a credit card and then swap that BTC for PAPP, other options may exist. You should do your own research as to which option is best for you and what the potential trade-offs are for your chosen platform.