Enabling GrabPay on Coinhako will allow users to purchase digital assets instantly on our platform, and offer users a more diverse range of payment options.
We believe that introducing GrabPay payments is a step in the right direction, and is closely aligned with our vision of improving access to crypto.
GrabPay on Coinhako
With the addition of GrabPay on our platform, buying crypto becomes even more convenient.
Users can look forward to a seamless, hassle-free crypto trading process when they pay with GrabPay. Payment is processed instantly and only requires users to enter a six-digit OTP sent directly to their mobile number to complete the transaction.
By offering users ultimate convenience, the GrabPay feature allows users to seize opportunities and execute trades in the nick of time, without having to wait for deposits to reach their account.
Buy crypto instantly with GrabPay
Enjoy instant trades when you fund your trades with GrabPay.
Follow the steps below to buy crypto using GrabPay:
- Launch the Coinhako app
- Tap or click on the token you wish to purchase
- Under the “Buy” tab, enter the amount you wish to spend and select “GrabPay” as your payment method.
- You will be prompted to open the Grab app
- Tap the green “Pay” button to complete the payment.
- Done!
**Please note that there is a 2.8% flat fee for GrabPay purchases. This fee covers both payment processing fees and trading fees.
**After 12 September 2021, GrabRewards points will not be awarded for purchases made on Coinhako using GrabPay.
Risk Warning on Digital Payment Token Services
Hako Technology Pte Ltd ("Coinhako") is licensed to provide digital payment token services under the Payment Services Act 2019 (No. 2 of 2019).
The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of a digital payment token ("DPT") service provider.
Before you pay your DPT service provider any money or DPT, you should be aware of the following.
- Your DPT service provider is licensed by MAS to provide DPT services. Please note that this does not mean you will be able to recover all the money or DPTs you paid to your DPT service provider if your DPT service provider’s business fails.
- You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by your DPT service provider.
- You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
- You should be aware that your DPT service provider, as part of its licence to provide DPT services, may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
Visit: Coinhako.com/risk-disclosure for more information.
