ERC20 tokens runs on the Ethereum Blockchain. Users must have some Ethereum (ETH) balance before they can swap/transfer for ERC20 tokens.
Also, it is recommended that users leave $3 - $10 worth of ETH balance at all times in their Bitcoin.com ETH wallet to cover the transaction fees which are paid in ETH in case one wants to send out or swap ERC20 tokens.
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📱 How to buy ETH from the Bitcoin.com Wallet app for Android and iOS 📱
1️⃣ Tap Buy button beside "My (ETH) wallet"
2️⃣ Type in the desired amount you would like to purchase. Minimum $30
3️⃣ Select ETH, tap on "CONTINUE"
4️⃣ Wallet address should be automatically populated. Summary should be listed below. Check & tap on "CONTINUE"
5️⃣ Provide email & personal identification details
6️⃣ Upload your ID for verification (Note you will only have to do this one time for your account, later purchases will be faster)
7️⃣ Enter your credit card details
8️⃣ Once completed, you will need to wait until our Payment Processor Team have everything verified and checked
Please see an instructional video here:
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📱 How to swap ETH to ERC20 tokens from the Bitcoin.com Wallet app for Android and iOS 📱
1️⃣ From your Wallets home screen. Scroll down at the bottom part > Click the "Swap" button
2️⃣ It will direct you to the swap page home screen > Select ETH ➡️type of ERC20 token that you wish to receive
3️⃣ Enter the amount
4️⃣ Tap on "GET QUOTE"
5️⃣ Make sure details are correct then tap "Slide to Swap"
6️⃣ You will be notified in the Wallet inbox 🔔 once the swap is finished
Please see an instructional video here: