Note: The availability and features of the app might differ from country to country. Kindly check with the app to see what's available in your region.
If you're feeling unsure why you need crypto, how to choose the right coin, or how to proceed with purchasing in Swoo, this article has got you covered.
Why is crypto such a big deal?
There are some reasons beyond the hype:
Grow savings long-term and protect them from inflation.
Opportunity to build wealth.
Enjoy transaction freedom: fewer fees, faster speed, no banks, and borders.
Protect your privacy with anonymous transactions: nobody needs to know what you're buying.
Join the financial future along with 300 million people around the world.
“Living in Turkey, a country with high inflation rates, I have found crypto to be a valuable solution for protecting my savings. As traditional money rapidly loses value, I can use crypto to store my wealth and make purchases without fear of my money becoming worthless.” — Emma, new to crypto.
Among the ocean of coins, which ones are the most popular?
According to crypto exchanges, the most popular crypto remains Bitcoin. In second place is Ethereum. Among stablecoins, USDT leads the way.
Here is the list of coins that are available at Swoo:
Bitcoin (BTC);
Etherum (ETH);
Tether (USDT);
Dogecoin (DOGE);
Dai (DAI);
Litecoin (LTC).
“With crypto, I don't have to pay extra fees or wait for a long time to move my money. I can control all of my money by myself. It feels really good to be able to do what I want with my money, and I don't want to go back to the old way.” — Leo, who buys crypto to make cross-border transfers seamless.
When coin names don't make much sense…
Keep your purpose in mind. Here are some explanations for why certain coins are popular:
Bitcoin is the most well-known and one of the market leaders that has already proven its worth as a long-term asset, like gold, top stocks, and diamonds.
Ethereum is the second-biggest crypto behind Bitcoin and a different software platform based on the blockchain network. Due to its development, it has the potential for growth over time.
USDT and Dai provide a stable store of value, much like the dollar, which makes them handy for cross-border transfers or saving from inflation.
Dogecoin is still on the rise, partly due to Elon Musk's support.
Litecoin was created as a "lite" version of Bitcoin and may have a greater chance of long-term success.
"Ethereum has already shown remarkable returns, and I believe that its long-term potential is even greater. By buying coins, I'm building my wealth in a way that traditional finance options simply can't match. The volatility can be daunting, but I'm willing to take calculated risks in order to achieve my financial goals." — Diego, an excited crypto owner.
Okay, I'm in! How to buy crypto?
To get started:
Head over to the Crypto tab on the bottom navigation bar.
Choose the coin that best aligns with your goals.
And you're good to go! For the eurozone the minimum purchase amount is around €25, which is a great starting point for beginners. You can also use either the US dollar or the Brazilian real. To learn more, check this article: How do I buy crypto?
In any of the cases, you can always ask our support team directly via email at support@swooapp.com or in-app chat. We‘re always here to help <3.