In this guide, we’ll walk you through the steps to bypass the exchanges and directly onboard Terra DeFi from your bank account using Kado Ramp. Covered: What Is Kado Ramp Downloading Terra Station Wallet Converting USD To UST With Kado Ramp RECOMMENDED: TERRA WANTS TO BECOME YOUR BANK ACCOUNT IN 2022 What Is Kado Ramp? […] The post How To Buy UST Directly From Your Bank Account Using Kado Ramp appeared first on CryptosRus.

How To Buy UST Directly From Your Bank Account Using Kado Ramp

In this guide, we’ll walk you through the steps to bypass the exchanges and directly onboard Terra DeFi from your bank account using Kado Ramp.

Covered:

  • What Is Kado Ramp
  • Downloading Terra Station Wallet
  • Converting USD To UST With Kado Ramp

RECOMMENDED: TERRA WANTS TO BECOME YOUR BANK ACCOUNT IN 2022

What Is Kado Ramp?

Kado Ramp is an innovative Terra onramp service that allows you to buy UST directly from your bank account or debit/credit card without the need for a centralized exchange. This is a game-changer for Terra decentralized finance (DeFi) fanatics as it makes Terra one of the most accessible DeFi ecosystems out there. Instead of depositing USD to a centralized exchange, sending those funds to an intermediary to convert USD to UST, then depositing your UST to your Terra Station wallet, Kado Ramp takes away all those steps and makes depositing money directly from your bank account to Terra easier than ever before.

Keep in mind that Kado Ramp does have deposit limits for new users, but the general rule of thumb is the more you use Kado, the more you’ll be able to deposit.

Downloading Terra Station Wallet

To get started, you’ll need to download a Terra Station wallet, which you can do here. If you’re already a Terra native and have the wallet downloaded, then you can skip this step.

The first thing you need to do is create a new wallet. Click “connect” at the top right of the page, then select “new wallet.”

Type in a secure wallet name and password, then confirm your password. After that, you’ll be prompted with a 24-word seed phrase. Using pen and paper, write down your 24-word seed phrase exactly as it appears. Number each word to make verifying easier. It is absolutely crucial to keep this seed phrase in a safe place — it is your private key that will be used to recover your wallet in case anything happens to the device your Terra Station wallet is on.

After verifying your seed phrase, your Terra Station wallet should now be properly set up and ready to receive deposits.

RECOMMENDED: GET READY TO SPEND UST WITH MASTERCARD

Converting USD to UST With Kado Ramp

Now that you have your Terra Station wallet, it’s time to head over to Kado Ramp and sign up so you can directly buy UST using fiat USD from your bank account. The initial sign-up process will take a few extra minutes, but once you’ve got your account set up, onboarding Terra DeFi will never be easier than using Kado Ramp.

From the starting page, enter the amount of USD you want to deposit.

Keep in mind that Kado Ramp charges a flat $2 fee for deposits of any amount — a rather justified fee considering the fees you would normally have to spend transferring from centralized exchanges.

After entering the amount of UST you’d like to purchase, you’ll need to enter and confirm your email to set up your account.

Next up is probably your least favorite step — submitting KYC information.

 

Once you get verified, you can now start seamlessly buying UST without using any crypto exchanges! Kado Ramp has created an innovative new way to easily access stablecoins and is a highly-recommended option for any crypto native or Terra UST fanatic.

The post How To Buy UST Directly From Your Bank Account Using Kado Ramp appeared first on CryptosRus.