How To Buy Bitcoin With Credit Or Debit Card
Are you searching for a quick, cheap, and safe way to buy Bitcoin? CEX.IO combines everything one may need from a Bitcoin exchange. Whether you would like to receive some BTC instantly by making a market order or to wait for specific conditions for the order execution with a limit order option, CEX.IO offers a unique and simple solution.
There is almost no difference in the way of purchasing. Whether you would buy Bitcoin with credit card or through the bank transfer, it is easy and safe at CEX.IO. The service completely combines what one needs, including attractive prices, competitive fees, and easy navigation. And the simple process for conducting a purchase will eliminate any uncertainty. So, to buy Bitcoins on CEX.IO, you need to:
- Choose the appropriate package or enter the custom amount of Bitcoin you want to receive
- Register on the platform
- Add any kind of card to your account, we accept both Visa and MasterCard, and it takes up to 5 minutes
- Buy Bitcoin with the verified credit card.
Success! Following those simple steps you have managed to buy Bitcoin!
Other Ways To Buy Cryptocurrency
While the focus of this page is to teach you how to buy crypto with a debit card, we will also highlight some of the other ways in which you can purchase digital tokens. These options all have their own pros and cons, and you may decide to use any of them based on your needs.
Buy Crypto with a Credit Card
If you own a credit card, you can use it to buy cryptocurrency online. The process is similar to that of buying crypto with a debit card. You will have to complete a KYC process since you are buying cryptocurrency with fiat money.
Once you complete the process, enter your card details and buy your tokens. You can use your credit card with any of eToro, Capital.com, and AvaTrade.
Buy Crypto with Wire Transfer
You can buy cryptocurrency through a wire transfer if you prefer that option. You will, however, need to note that wire transfers are generally slower than other payment options. Therefore, if your purpose of buying crypto with a debit card is to invest instantly, this payment option is not the best for you.
However, what wire transfers lack in timeliness, they make up for in cost-effectiveness, as this method is likely cheaper than buying crypto with a debit or credit card.
Buy Crypto with Paypal
If you have funds in your Paypal account and want to buy cryptocurrency, you can do so with ease. For instance, you can buy cryptocurrency on eToro with e-wallets such as Paypal. This method is also cost-effective on eToro, as you only pay a 0.5% fee on your transaction.
Visa Trastra Card: Driving Mass Adoption Of Cryptocurrencies
Debit cards have been a part of our lives for years now, but the advent of crypto pushes the debit card concept to a whole new level. Until recently, transacting with crypto was only possible on exchanges, but splicing a debit cards traditional functionality with the features of a crypto wallet delivers remarkable benefits to users.
When were talking about the functionality of regular debit cards versus crypto debit cards, the difference is negligible. TRASTRAs debit card issued by Visa proves it. Visa cards that feature crypto wallets are now widely available and offer the same services as regular debit cards, but with the highly sought-after option to make purchases with crypto, the availability of using crypto as payment for services, and the ability to receive payouts in fiat without the need to stop by the bank.
Using the Visa-issued TRASTRA Card
The Visa-issued TRASTRA card can be used for easy cashouts at ATMs and is on par with regular debit and credit cards when it comes to usability. The TRASTRA card allows users to make purchases at over 46 million locations worldwide, including supermarkets, grocers, restaurants, bars, travel agencies, and many other types of merchants, making the adoption of crypto on the consumers level a reality.
Also, TRASTRA offers a free personal IBAN that allows users to receive euros and transact freely, across the boundaries of crypto and fiat.
A Virtual Debit Card with Bitcoin Connectivity
The Best of Both Worlds
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Debit Card Crypto Exchange Financial Regulation
Debit Card cryptocurrency exchanges must comply with the rules and regulations of local governments in order to operate. Federal regulators and the FCA have expressed a need to oversee cryptocurrency exchanges and prevent them from engaging in questionable practices. This includes offering leverage to clients, engaging in wash trading, and experiencing unexplained system outages during periods of market instability. Few cryptocurrency exchanges have taken steps to mitigate against market abuse. Some have even been accused of trading against their clients.
What Is A Debit Card Cryptocurrency Broker
These brokers integrate with payment network processors such as Visa and Mastercard. Banks who operate on these processors can allow their clients to buy crypto from brokerage firms easily.
Crypto brokers are gaining traction by offering a variety of trading instruments useful for professional trading. There is also an array of crypto offerings available although these may be limited to the main cryptocurrencies.
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Libertex Buy Bitcoin With No Spreads
Libertex is one of the oldest CFD trading platforms that is best known for forex trading for professional traders. But, the broker supports the MetaTrader4 trading platform, where you can also buy a number of other assets and cryptocurrencies, including Bitcoin. The difference between Libertex and other CFD platforms is that Libertex does not charge any spreads when you buy or sell assets. Instead, it sets competitive commission fees every time you make a trade.
To buy bitcoin with debit card on Libertex, you need to pay a small transaction fee of 1 EUR, which is very low, especially when you trade high amounts of BTC. As mentioned previously, Libertex offers two trading platforms an in-house built platform that is well-designed for beginners and experts and the well-known MetaTrader4 trading platform. Regarding your safety, Libertex is regulated by two top authorities, so your trades will stay secure.
Avoid Crypto Debit Card Scams
To avoid scams only buy and sell crypto with highly financially regulated crypto exchanges. If a crypto exchange or trading platform is authorised by a major European financial regulator like the Financial Conduct Authority then it is more than likely secure. Be careful to avoid crypto Debit Card scams. The first step is to stay away from investment opportunities that sound too good to be true on the web. Always fully know what you are doing when trading crpyto and know all you needd to about who it is with.
Trading crypto is very hard and cryptocurrency prices are highly volatile. Most crypto traders lose money when trading. Debit Card is totally separate from your crypto exchange and Debit Card has nothing to do with your trading or investing of crypto assets.
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Debit Card Crypto Local Laws
If you are in the process of buying crypto like Bitcoin, you should know the local Debit Card and crypto laws. This includes a disclaimer on the platform, which states that trading in cryptocurrency carries a significant risk of loss. It is important to note that the Debit Card crypto assets are held separately from Debit Card corporate assets. In the event of bankruptcy, Debit Card will not make these assets available to its creditors. It may also experience technological issues and may incur losses. The fees and pricing information provided by Debit Card should be considered carefully. These policies are in place to protect Debit Card customers. For your peace of mind, read the Debit Card crypto exchange local laws before investing in any type of cryptocurrency.
Debit Card Educational Resources
One of the best parts of Debit Card educational resources is that it offers a 24/7 knowledge based live chat, and embedded messaging for its customers. The educational resources are designed to reinforce learning and put new knowledge to the test, making it perfect for educators to provide quality lessons. This service allows customers to earn coins while learning about crypto. The customer earns coins by completing short quizzes and watching videos on the subject.
Educational resources are also available on the Debit Card website and its mobile app. Registered users can access free guides on how to trade in cryptocurrencies directly from the crypto exchanges or crypto trading platforms that accept Debit Card. These guides include in-depth articles, interactive quizzes, and video explanations. There is also a selection of online trading videos available to help new investors understand the basics of the different financial instruments. These training videos are a great way to broaden your trading knowledge. The more knowledge you have, the better equipped you will be to minimise your risks.
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What Crypto Platforms Accept Debit Cards
Crypto traders can buy crypto with a debit card on a majority of reputable platforms. Care should be taken where a debit card is used since the card links the platform directly to the bank account. Users may be subjected to fees, although many platforms offer incentives on the first debit card deposits.
Platforms are also increasingly only accepting 3D secure Visa and Mastercard debit cards. This protocol makes it secure for online transactions. Some of the platforms to buy crypto with a debit card are:
How Do You Buy Crypto With A Debit Card
There are a few basic ways to purchase crypto using a debit card. One is to use a broker to execute your trades, most likely for a commission or service fee. You pay the broker with the debit card, the broker purchases the crypto for you.
Another is to open an account with an exchange such as eToro, which may require you to link personal information to the account to get started. You link your debit card to fund the account, where permitted.
And thats the catch you may find that some crypto services accept debit cards while others do not there is little standardization to rely upon in this area, and youll want to read the terms of service very carefully.
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Debit Card Foreign Exchange Fees
The exchange rate of the currency you send will depend on the base currency you use. Debit Card will charge you a fee for the currency conversion, which can be anywhere from three to five percent. In addition, you will also have to pay an additional processing fee of up to 1.5%. Regardless of the currency you send, you should know that Debit Card foreign exchange fees are probably lower than those of your bank. The rates you’ll receive through Debit Card are often lower than the ones at your local bank, and you can always request that the money be converted before spending it.
Security On Buying Bitcoin
When buying bitcoin, ownership is just as important as security. Bitcoin and other digital assets have cryptography built into their protocol they use robust encryption to verify transactions and guard against hackers trying to manipulate the system. Bitcoin is also open and honest its public nature lets you see every transaction that was ever made.
Even so, security is still a major concern for any aspiring bitcoin owners. Your private key the key that gives access to your bitcoin is what really matters. Anyone with access to this key really owns the bitcoin associated and can do whatever they want.
When you buy bitcoin online, you dont own this private key the exchange does, which means:
- You do not remain in control of the Bitcoin you buy since you dont serve as the cryptos true owner the exchange does. For this reason, they can restrict your activity with bitcoin, such as the maximum or minimum withdrawal limit.
- You may face hacks since you rely on the exchange for security. While you can secure your account with two-factor authentication, you really have no control over the platforms security.
You must take back control of your cryptos to correctly control and protect them. Owning the private keys delivers absolute freedom and security over your bitcoin. You can do this with a hardware wallet like the Ledger Nano X.
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Debit Card Hard Crypto Wallets
A hard wallet is a device that encrypts your crypto currency transactions so that no one else can access it. The hardware wallet contains a payment chip that is implanted into a variety of devices. It also acts as a background computer to complete the operation. Its popularity has led many to purchase several of them. If you are planning to purchase cryptocurrency, a hard wallet is a wise choice. Debit Card hard wallet is useful if you plan to invest in cryptocurrencies and want to ensure the security of your funds. These wallets protect you from online hacks and let you store a variety of cryptocurrencies in one device. They are cheap, portable, secure and are well worth the money.
Can I Buy Less Than 1 Bitcoin
Yes. To make the transaction even more convenient, you can type in the number that you want to buy or sell in a fiat currency that youre using. The number of coins that you will obtain or sell will highlight automatically. At CEX.IO the minimal transaction is approximately $20 which is a tiny fraction of the oldest crypto. Please, check our price chart for finding the latest price correlation.
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Best For Cardholder Perks: Wirex
- Fees: 1% fee to fund accounts
- No. of Crypto Supported: 25
- Rewards: Up to 2% cashback
Wirex comes with lots of customer perks for cardholders. These include cashback of up to 2%, free ATM withdrawals, and the ability to earn interest on fiat, BTC, and ETH currencies.
No issuance or monthly fees
Must have a balance in Wirex WXT tokens for rewards
Wirex is a digital payment platform established in 2014 that released a Visa-backed cryptocurrency debit card one year later. The card offers rewards in WXT and is our selection as the best for cardholder perks.
The Wirex card supports 25 cryptocurrencies and nearly a dozen fiat currencies in Europe and a few Asian and Pacific countries and U.S. Cardholders pay no issuance, monthly, or withdrawal fees and only a 1% fee to fund accounts with cryptocurrencies.
The Wirex card is one of the few cards to offer cashback rewards up to 2% cashback in cryptocurrency. There is free standard delivery with no fees for maintenance or reissue of the card. Wirex Visa offers free ATM withdrawals up about $300 per month.
Unlike other cryptocurrency cards that offer perks, Wirex does not require a minimum balance to earn rewards. Wirex has a new feature, X-Accounts which offers users the ability to earn up to 16% interest on fiat and up to 10% interest on BTC and ETH.
Debit Card Bracket Orders
Bracket orders are an advanced tool used by Debit Card crypto traders. They combine several risk management tools into one simple order. For example, a trader could place a buy order on a particular stock and a sell order on the same stock if the price decreases. By using a bracket order, all of these actions would be automatically triggered, and all of them would be submitted at the same time. This method can help protect traders from being trapped in a losing trading position, and allows them to exit their positions as quickly as possible.
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How Do Crypto Debit And Credit Cards Work
The 101 on crypto debit and credit cards
A crypto debit card is a debit card linked to your cryptocurrency balance. These cards aim to make it quick and easy to spend your crypto coins in the real world, allowing you to pay with digital currency anywhere that regular debit and credit cards are accepted and to use your crypto balance to withdraw cash at an ATM.
How they work is actually quite simple:
- Prepaid cards allow you to load your card with coins from your cryptocurrency wallet, which are automatically converted into your fiat currency of choice so that you have a CAD balance on your card ready to spend.
- Non-prepaid cards are linked to your Bitcoin wallet so that whenever you swipe them at a payment terminal or enter your card details to make an online payment, the card provider converts your digital coins into fiat currency at the current exchange rate to complete the transaction.
Crypto debit cards usually run on existing card networks like Visa, Mastercard or EFTPOS and can be used anywhere in the world where those cards are accepted. Bitcoin is far and away the most widely supported cryptocurrency across debit card providers, but some providers around the world also allow you to load your card using other currencies, such as Ethereum and Litecoin.
Finally, make sure youre aware that cryptocurrency debit cards come in 2 forms:
How would I use a crypto debit card?
Fund Your Crypto Trading Account With Debit Card
Funding your crypto trading account with Debit Card can be an easy way to get started in the cryptocurrency market. You can choose from 1 of 20 different amounts. The most common amounts are $50, $100, and $500. You can also use Debit Card to fund your account for purchasing cryptocurrencies. This will allow you to start small and learn the market. Remember that cryptocurrency prices fluctuate quickly, so having more money safe in your bank account is essential. With Debit Card, you will not have to worry about paying for unauthorised transactions, and you don’t need a Debit Card account to buy or sell digital currencies. You can fund your account with Debit Card anywhere in the world.
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