Are you looking for buying crypto but not sure how to buy it from your personal debit card? No worries! We got you covered. Keep reading as we will explain how you can buy bitcoin with debit card in simple, easy, and secure steps. With the advent of anti-fraud systems for Bitcoin exchanges, buying Bitcoin with a debit card has become relatively easy.
Nevertheless, exchanges usually charge a premium for buying Bitcoin with a debit card since these systems are quite expensive to operate.
Best way to buy bitcoin with debit card:
As per our team’s research, CEX.io is the fastest way to buy Bitcoin with a debit card. It has the highest positive feedback from real-time users. It has been used by millions of worldwide users on a daily basis. The steps are as follows:
- Visit Coinmama (Coinmama is the best site), decide on the deposit amount
- Complete the ID verification process
- Enter your Bitcoin address
- Make the payment with your debit card
Do debit cards work for buying Bitcoins?
It hasn’t always been easy to purchase Bitcoins with your debit card. Debit cards are not accepted by some exchanges because they are afraid of fraud. In recent years, however, many exchanges have started implementing fraud detection services and are accepting credit and debit cards.
Generally, an exchange that accepts credit cards will also accept debit cards. When you’re not sure about a specific exchange, you can simply google its name plus “payment methods” and you’ll usually find reviews covering which payment methods they accept.
1. Coinmama
Coinmama has a wonderful support system available 24/7. Using a debit card to purchase Bitcoins is easy with Coinmama, although there is a premium attached to it. Aside from Bitcoin, the company supplies a wide range of cryptocurrencies.
Currently, the company has one of the fastest turnarounds in the industry when it comes to purchasing Bitcoins. Its main drawback can be its service availability which is limited to a few places.
Buying Bitcoins with a debit card through Coinmama
Here is how to sign up for Coinmania:
- Visit their official site and sign up on Coinmama.
- The next step is to verify your identity in order to purchase Bitcoins Get a Bitcoin wallet and an address (Coinmama does not hold Bitcoins for you)
- Provide Coinmama with your Bitcoin address and complete debit card information.
- Coins will be sent instantly.
2. Bitstamp
With over a decade of experience as a Bitcoin exchange, Bitstamp is a fully licensed business. Their website mainly provides trading services, but they also offer a brokerage option for buying Bitcoins directly with your debit card. You must use 3D Secure to complete your order. It is possible for some banks to consider your credit card deposit as a cash advance. In such a case, you may need to pay an extra fee to your bank or debit card company.
With a total of around 80 countries currently supported, the exchange is mostly open to US, EU, and Asian customers. One main drawback of using Bistamp is its verification process is slow due to high traffic and it can take you a while to verify.
Buying Bitcoins with a debit card through Bitstamp
Here are the following steps for your ease to connect and purchase Bitcoin from Bitstamp.
- From the Bitstamp deposit page, select “card purchase” from the side menu.
- Select the cryptocurrency you want to purchase
- Choose a currency to pay with Enter the amount you want to purchase Enter your card details Confirm the purchase.
4. CEX.io
CEX.io is a reputable and popular company in the bitcoin market. The company offers brokerage services (e.g. buying Bitcoins for you) as well as trading services. The brokerage service may be worth paying a higher fee if you’re just starting out. Alternatively, you can always use your debit card to deposit money and then buy Bitcoin through the company’s trading platform with a much lower fee if you know your way around exchanges.
Buy Bitcoins through CEX.io using a debit card
Here are some simple steps to buy bitcoins through CEX.io:
- When you sign up on CEX.io, go to “Finance” -> “Deposit” (make sure you select your own currency).
- Use your debit card to fund your account. If you wish to use the easy but expensive brokerage service, click “buy/sell” If you wish to use the complex but cheap service, select BTC/USD (or any other currency).
5. Coinbase
Coinbase is a popular Bitcoin broker that allows you to buy bitcoins with a debit or credit card at relatively low fees than their competitors. For debit card purchases, Coinbase does not have a clear fee structure, but you can double-check the charges during the conversion process. You will need to upload a government-issued ID in order to confirm your identity before purchasing coins.
Buying Bitcoins with a debit card through Coinbase
You can buy Bitcoins by:
- Create a Coinbase account and go to “settings” – “payment methods” and click “add the payment method”
- Add your debit card and confirm your debit card. Go to “buy/sell” and choose how many Bitcoins you want to buy.
Conclusion
Does it make sense to buy Bitcoins with a debit card? Debit cards are perfectly safe to use when buying Bitcoins on a trusted exchange. After you purchase Bitcoins, I recommend moving them to your own wallet instead of keeping them on the exchange. If you use your debit card, keep in mind that it’s more expensive than using your credit card.
The best way to buy coins if you’re buying in bulk is through a bank transfer. Nevertheless, if the amount isn’t too big, sometimes saving time by paying an extra 3%-5% is worth it. Comment below if you have any questions or comments about the process.