An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase. Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee.Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.Here are popular deposit methods to buy AMP on the following exchanges: Platform You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet.
Once you've created an account, you will need to deposit funds to buy AMP with. This will increase the security of your account and help keep your funds safe. Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds.So if you are planning on purchasing AMP with your local currency then you will need to pass KYC. Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account.You may also need to prove your address by uploading a copy of a recent bank statement or utility bill. This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone.Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.Īn increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Amp. To create an account on any cryptocurrency exchange you will need an email address.