How to Buy Crypto with Wise on Hata

*Disclaimer:
Hata is an independent entity and is not affiliated, associated, endorsed by or officially connected with Wise in any way. Wise is just one of the many options offered by Hata to perform deposits and withdrawals on the platform. All users are strongly encouraged to select the method they are most comfortable with to conduct transactions.

What is Wise?

Wise Payments (formerly TransferWise) is a Money Service Business, MSB that allows for easy-to-use, affordable, and secure cross-border transactions. Wise as a MSB acts as an alternative way for users to transfer money internationally with low fees and competitive exchange rates compared to traditional banks.

Is it safe to use Wise on Hata?

Yes, Wise is safe to use on Hata. Wise Payments is regulated and supported in over 150 countries globally. Using Wise, users can easily convert their native currencies such as MYR, EUR, GBP, AUD, etc. into USD and buy cryptocurrencies on our Hata platform.

Please note that Wise users are able to conduct USD deposits and withdrawals on Hata. The deposited USD may then be used to purchase cryptocurrencies on our platform. Users do NOT have the ability to purchase cryptocurrencies directly using Wise.

How do I buy crypto using Wise on Hata?

To start your journey on Hata with Wise, follow the steps below:

1. Account Registration:
   Visit hata.io and create an account with Hata by completing the sign-up process that includes a mandatory KYC verification.

2. Selecting the Correct Platform:
   Sign in into your existing account and ensure that the correct platform – Hata Global is selected before initiating a deposit.

3. Deposit USD: 

To deposit USD using Wise, you will need to initiate a bank transfer via SWIFT from your personal Wise account. For a step-by-step guide on how to deposit USD via SWIFT, please refer to our article on How to Deposit USD via SWIFT.

4. Buy Crypto: 
   After your deposit request has been sent from Wise, it may take 1 to 3 business days for your funds to reflect in your Hata account. Once your funds have arrived, we will notify you via email and you are then able to start purchasing cryptocurrencies on Hata. A full guide on how to buy and sell cryptocurrencies can be found in our article on How to Buy or Sell Cryptocurrency.

Can I withdraw USD from my Hata wallet to my Wise account?

Yes, you can easily withdraw USD into your Wise account via SWIFT. Withdrawing USD into your Wise account requires you to enter your Wise details as a bank account. If you do not have a verified Wise or bank account to your Hata account, please refer to our guide on How to Withdraw USD via SWIFT for step-by-step instructions on adding a new bank account and withdrawing USD via SWIFT.

What are the fees for using Wise on Hata?

Hata is the perfect crypto platform for Wise users. For both deposit and withdrawal with USD via Wise on Hata, no fees are applied as it is considered to be a bank transfer.

However, please note that while Hata doesn't charge fees for USD withdrawals, banks used by the Wise platform may apply additional charges, such as agent fees. These costs will be deducted from your final withdrawal amount. Hata is not responsible for covering these bank fees on your behalf. For more details on Hata’s fee structure, you may refer here.

On a Final Note

In summary, Wise is simply an option supported by Hata for its users to facilitate USD deposits and withdrawals. However, it is essential to keep in mind that deposits and withdrawals using Wise are only allowed on Hata Global with USD. With Wise, users can easily and reliably deposit funds to start investing in cryptocurrencies.