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How to Receive Ethereum as Payment or From an External Wallet

by Pat

Content Manager

There are two ways to receive Ethereum (ETH) in Ka.app: from an external wallet or from another Ka.app user. We’ll flesh out how you can receive ETH from both sources, as well as how to deposit and withdraw crypto from the app, so you can easily build your portfolio, or send and receive payments in ETH.

What is Ka.app?

Ka.app is a crypto payment app that enables fast and easy cross-border transactions. When we say ‘easy,’ we mean no long wallet addresses, network types, memo IDs, or hours to several days of waiting for your assets to arrive. You can send crypto. and receive them quickly using just a mobile number or QR code as long as your Ka.app account is verified.

Note: You can only use cryptocurrencies on the first version of Ka.app, but the company is already developing its second version, which will also accept fiat currencies like the Euro and U.S. Dollar.

How to Sign up for a Ka.app Account

Before we proceed with the process of receiving ETH in Ka.app, here’s a quick guide on how you can sign up for a Ka.app account.

  1. Download Ka.app from the App Store or Play Store.
  2. Open the app and sign up using your email address, phone number, name, and home address.
  3. Set up your pin code. You can’t complete a transaction without this pin code so be sure to remember it without telling anyone for your protection.
  4. Complete two levels of Know Your Customer (KYC) verifications by providing your valid ID (e.g., residence permit card, passport, visa, driving licence, etc.) and proof of residency (e.g., bank statement, credit card statement, house purchase deed, lease agreement, utility bill, etc.) KYC is a mandatory process of checking and verifying the identification of customers to prevent fraud, corruption, money laundering, and terrorist financing.

How to Receive ETH: A Step-by-Step Guide

Here are two ways to receive Ethereum in Ka.app:

1. From another Ka.app user

  1. Log in to your Ka.app account.
  2. Enter the verification code that we will send to your mobile number.
  3. Go to the dashboard and click the “Receive” button.
  4. Copy your Ka.app QR code.
  5. Send your QR code to the sender, or you can also give the phone number you use in your Ka.app account.
  6. Wait for the other user to send the payment.

Note: Even if the other user pays you in another currency (e.g., Bitcoin), you can still receive the payment in ETH by enabling the app’s Easy Swap Engine feature. For minimal conversion fees, you can set it up to automatically receive payments in ETH.

2. Deposit from an external wallet

  1. Log in to your Ka.app account.
  2. Enter the verification code we will send to your mobile number.
  3. Click the “Add Funds” button on the dashboard.
  4. Click “Deposit from a wallet.”
  5. Choose Ethereum.
  6. Copy your Ka.app wallet address.
  7. On the external wallet, choose to withdraw Ethereum.
  8. Paste your Ethereum wallet address from Ka.app, and proceed with the transaction.
  9. Hurrah! Ethereum received in your Ka.app account.

How to Receive Payments in ETH Using the Easy Swap Engine

You can receive either all or certain tokens in ETH using the app’s Easy Swap Engine feature by doing the following:

  1. Log in to your Ka.app account.
  2. Enter the verification code that we will send to your mobile number.
  3. Go to the dashboard and click the settings icon on the upper right part.
  4. Click “Easy Swap” from the drawer.
  5. Tick the Enable Easy Swap button.
  6. On the first dropdown, choose the currency that, when received, you want to automatically convert to ETH. You may also select all currencies.
  7. Choose Ethereum on the other dropdown.

How Much are the Conversion Fees?

With Ka.app, receiving payments in the same currency is free. However, you have to pay minimal conversion fees when you use the Easy Swap Engine feature to automatically convert payments you receive in your preferred currency. The cost would vary depending on the amount you transferred, and which token you used to pay. Conversion fees are charged in the source currency, which means if the other user sends you BTC and you receive it in ETH, the conversion fee will be charged in BTC.

How Long Does it Take to Receive ETH?

Within a few seconds after the transaction. Ka.app has an internal virtual ledger that works as a chain-agnostic source of truth and is backed by auto-balancing liquidity pools, which also allows users to send and receive crypto quickly.

How Can I View My Transaction History?

You can view your transaction history by going to the lower rightmost icon on the app’s dashboard. You can sort your transactions based on the assets you’ve deposited, withdrawn, sent, received, and swapped. The rewards you get are also visible in the transaction history.

Which Currencies are Accepted on the App?

The current version of the app only accepts four cryptocurrencies: Ethereum, Bitcoin, Tether, and the KASTA token. The second version of the app, which will also accept fiat currencies, is still being developed.

If you’re wondering what is the KASTA token, it’s the official token of Ka.app. Aside from using it as payment for conversion fees in the app, you can also use KASTA as a source of passive income through staking or locking-up, up or as a payment option when shopping, dining, availing services, and more.

Can You Ensure User Security or Safety?

Ka.app prioritizes the security of its users. We have two-factor authentication, so you won’t be able to log in unless you verify your account using a verification code, and you won’t be able to complete a transaction without correctly entering your pin code. At the same time, Ka.app follows anti-money laundering (AML) guidelines and goes through KYC processes to protect its users against illegal activities.

Do You Have Chat Support?

Yes. Ka.app has live chat support, so you can easily message us if you have concerns or questions about your transactions.

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