How to Buy Bitcoin with Debit Card Instantly Step-by-step Guide

how to buy bitcoin with debit card

CEX.IO supplies trading services and brokerage services (i.e., buying Bitcoin for you). If you’re just starting out, you may want to use the brokerage service and pay a higher fee. OTC trading is a type of Bitcoin trading that happens off the exchange. It involves buying Bitcoin from brokers who have large supplies of BTC.

When compared to traditional financial assets managed by the Federal Reserve, Bitcoin is more transparent because transactions can be seen by anyone with an internet connection. Bitcoin’s decentralized blockchain technology inherently creates a secure and transparent system that’s open to anyone who wants to look. Bitcoin has become a popular alternative to traditional fiat currencies since its inception. Once as cheap as $0.004, BTC reached its all-time high price of $70000 in November 2021, allowing Bitcoin investors with a long-term strategy to reap astonishing gains.

how to buy bitcoin with debit card

For people who want to have even an easier time trading, OKX offers trading bots as well. To buy Bitcoin with a debit card on OKX, select ‘Trade’ on the dashboard and search for Bitcoin/BTC. Once you have found it, select ‘Buy’ and then enter the amount of to spend (there is a minimum purchase of $30). – Trusted US-Based Crypto Exchange

Enter your prepaid debit card details when prompted, and check the BitPay app to be sure your remaining card balance is enough to cover the purchase. You can also buy crypto with a credit card, Apple Pay, Google Pay, or local banking transfers (where applicable). Getting started buying Bitcoin with a prepaid debit card (or any other crypto) is easy, and takes just a few minutes.

  1. The Instant Buy/Sell service is one of the most convenient and fastest ways to buy bitcoin on CEX.IO.
  2. BitPay offers a safe and secure way to buy, store, swap and spend crypto.
  3. Granted, Bitcoin’s price can also be highly volatile, and prices can fluctuate dramatically, making it a risky investment asset.
  4. As a rule of thumb, an exchange that accepts credit cards will also accept a debit card.

Till now, close to $700 million worth of assets are held in this reserve. This will include a valid photo ID such as a driving license or passport, as well as completing a live image check – some users may need to provide proof of address. Use the BitPay widget to see all of the cryptocurrencies available for purchase. You can send your crypto to nearly any wallet as long as you know your address. If you don’t already have a self-custody wallet, or would like to store your crypto in a new wallet, you may create a free BitPay Wallet.

Ways to Buy Bitcoin with a Debit Card

And it provides an alternative for professional active traders – Coinbase Pro, which stands out with lower fees but supports fewer cryptos. Besides having its own native Huobi Token (HT), Huobi has over 400 cryptocurrency assets, 1000 trading pairs and is regulations-compliant in economies worldwide. The platform charges a trading fee of 0.2%, and there are no deposit fees when buying P2P. Although established in 2018, it is a relatively new platform, and the trading fees are one of the most competitive in the market. To buy Bitcoin with a debit card, first, you must find a brokerage platform with the best terms and user experience. There are plenty of platforms to trade Bitcoin, but not all offer convenient and safe trading.

Tap the “Buy” button on the app’s home screen to buy crypto with a prepaid debit card. If you’re looking for a safe and simple way to buy Bitcoin (BTC) with a prepaid debit card, you’re in luck. To sell Bitcoin directly for cash, you can use the same platforms where you initially bought the cryptocurrency, such as cryptocurrency exchanges or P2P platforms. The process for selling Bitcoin is often similar to that of purchasing it. Many crypto exchanges come with an integrated crypto wallet or at least a preferred partner where users can safely hold Bitcoin. Some buyers, however, do not feel comfortable leaving their virtual assets connected to the internet, where hackers can easily steal crypto.

how to buy bitcoin with debit card is strongly regulated by four tier-1 companies, including FCA, ASIC, CySEC, and the National Bank of the Republic of Belarus (NBRB). To buy Bitcoin with a debit card on Libertex, you must pay a small transaction fee of 1 EUR, which is very low, especially when you trade high amounts of BTC. Then, select the desired broker to carry out the purchase – they are all trusted partners including Wert and Moonpay. Other methods, including bank transfer and e-wallets, are also available. As long as you’re using a trusted exchange, using your debit card to buy Bitcoin is perfectly safe.

Why Buy Bitcoin

Miner fees will vary depending on how congested the network is and the size of your transaction. Choose the best rate and pay with credit card, debit card, Apple Pay or Google Pay. In addition, we added a feature for arbitrage traders in our mobile app that allows you to monitor crypto prices on multiple exchanges. You can check these data points to find the best moments to purchase and sell BTC. As for its trading fees, the broker does not set commission fees, but there are rollover fees when the position is held open overnight. also charges tight spreads that are relatively low compared to other CFD brokers.

Safe and secure

If you have any questions or comments about the process, feel free to leave them in the comment section below. Whether you need help with a transaction or have a question about the platform, you can count on prompt and courteous assistance from the team. The transparency, ease of use, and decentralization of Bitcoin make it a valuable financial innovation.

Note, if your cryptocurrency wallet does not support Bitcoin, you will lose your deposited money. The most common and immediate way to buy BTC is through an online exchange. For example, you can buy Bitcoin (BTC) on Changelly using your bank card and get crypto instantly with little hassle. Such platforms also maintain high levels of security, with all transactions conducted using SSL encryption and two-factor authentication. Bitcoin has the potential for great returns, and this is one of the reasons why people buy it as an investment.

The trading fee on OKX is based on the maker/taker model, which can be reduced by holding OKB tokens. VIP traders whose assets are more than or equal to $100k in their trading account or whose 30-day trading volume is more than $10 million also enjoy a lower trading fee. OKX offers Copy Trading, allowing users to follow the trading signals created by the more successful traders of OKX.

So, it’s hardly surprising that many people consider purchasing crypto. Bitcoin receives significant media attention, particularly during periods of price volatility. Reports about large institutions adopting Bitcoin as a method of payment or investment can increase demand and send its price soaring. Conversely, negative news, such as fraud or the Bitcoin network security breaches, can lead to decreased demand, causing its price to fall. Governments and financial regulators worldwide are still grappling with how to classify and regulate Bitcoin and other cryptocurrency investments. Some countries have adopted crypto, helping Bitcoin-friendly businesses to thrive.

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