Buying Bitcoins with a debit card through Bitpanda · Visit Bitpanda and sign up · Verify your identity · Choose a cryptocurrency (e.g. Bitcoin) and click “Buy”. Convenient paymentBuy Bitcoin instantly with a credit or debit card, bank transfer, Apple Pay, Samsung Pay, and more. Industry-leading securityMoonPay follows. You can directly purchase Bitcoin with credit card or debit card on Binance. We offer the best route to buy Bitcoin using Visa or MasterCard. 0.00076649 BTC TO USD
WALLETS THAT SUPPORT BITCOIN CASH
You'll need to complete a KYC first, and that can be quite laborious! On any secure, regulated platform you'll have to provide your full name and address, emails, plus a scan of your photo ID and your selfie holding the ID. Many sites also ask for proof of residency like a utility bill or a bank account statement and even a photo of the credit card. On top of that, you'll have to make sure that the scans and photos are of the correct format and size: no more than 2MB, no less than xpx, with all the letters clearly legible, and so on.
We've even seen sites demand a selfie with the credit card in one hand and the ID in the other! You'd need a third hand to make that selfie — or someone to take a picture of you. The whole process can take anything from 30 minutes to a whole day. If a document doesn't fit the requirements, your KYC application will be rejected and you'll need to send another file.
Why do crypto exchanges make it so difficult? Why not just let users buy Bitcoin with a credit card and no verification at all? The reason is that whenever fiat and cards are involved, there's always an intermediary bank. And no bank will ever work with an exchange that doesn't verify the identity of its customers. The risk of money-laundering and other illegal activity is too high.
So any website that promises that you can buy bitcoins with a credit card instantly and with no verification is most likely a shady or even illegal operation. For example, our new CoinsPaid wallet will also require users to pass a KYC if they want to buy bitcoin instantly with a credit card. The difference is that the verification will be smooth, quick, and painless — it won't spoil your experience of using the wallet. Watch out for hidden fees. Before you buy crypto with a credit card, make sure to check two things:.
Credit card fee vs. It can be much cheaper to send money from your bank account, especially in Europe with its SEPA system. For instance, here are the fees on Coinbase:. Coinbase fees Europe. As you can see, a SEPA transfer will cost you just 0. Mostly because of the acquiring bank's commission. They can exceed 3. Of course, you'll have to wait for a day or two at least for the wire transfer to be processed. But if you want to save money, it's better to use a bank account rather than buy bitcoin with a debit card.
Exchange rate. If the fee is attractively low, it can be because the commission is included in the exchange rate — and thus hidden from you. As an experiment, we compared quotes on several sites at the same time on October 30, This means that the LocalBitcoin seller's price is 8. Buying Bitcoin with a debit card: is there any difference? So far we've discussed how to buy Bitcoins with a credit card.
But what if all you have is a debit card? The good news is that almost all exchanges that accept credit cards also allow you to buy bitcoin with a debit card instantly. However, some regional types of debit cards may not be accepted. The fees and KYC rules will usually be the same for debit and credit cards. Thus, on a transparent and legal platform, you won't be able to buy Bitcoin with a debit card and no verification.
Credit or Debit card? If you have both a prepaid card and a credit card, it's probably better to buy bitcoin instantly with a debit card — at least if you live in the US or Canada. North American banks sometimes block crypto-related transactions coming from credit cards. In Europe, both types of cards work equally well, but we still advise you to try the prepaid card first. Not all of us have a dollar or euro account. Luckily, most platforms offer several options.
The undisputed champion is Binance. It accepts 45 fiat currencies, including Peruvian sol, Russian ruble, and Kenyan shilling. We've told you how to buy bitcoin with a credit card, now let's take a look at a few places where you can do it. Note that none of the options is perfect — there's always a caveat, be it high fees or limited geographic coverage.
A reminder: soon we'll add the option to buy BTC with a card in our CoinsPaid wallet , with lots of supported currencies and countries! Coinbase logo. Good reputation — established back in Few payment options.
Paxful logo. Hundreds of offers similar to LocalBitcoins. Hidden fees included in the price by sellers. Bitpanda logo. Low card deposit fees 1. Free wire deposits. Many payment options — cards, wire transfer, Skrill, Neteller, Sofort, Giropay, etc. Fees aren't transparently listed. Limited support outside of the EU. Binance logo. Over 30 fiat currencies are supported. Given how easy it is for companies to accept credit card payments online, most exchanges and marketplaces that trade Bitcoin accept credit cards.
Some of the options include:. The steps to buying Bitcoin online with a payment card are straightforward. Once you find a fair exchange, like our partner coinify, all you do is:. The platforms that accept credit cards almost universally accept debit cards.
Online purchases rarely distinguish between the card types as long as they are issued by a large credit company like Visa or Mastercard. Keep in mind that all exchanges of Bitcoin are publicly available as part of the blockchain technology, but it is possible to hide your identity by making it difficult to tie you to a particular transaction.
Yes, you can buy Bitcoin instantly by using an ATM, a marketplace, or an online service specifically suited to instantly filling your wallet like Ledger Live. The service you are using may charge a fee to allow you to purchase Bitcoin. An ATM or exchange may give charge either a fixed amount or a percentage of the purchase price. Credit card companies have also started counting buying Bitcoin as a cash advance. Blog posts , Company news , Misc. Announcements can be found in our blog. Press contact: [email protected].
Blog Misc. Frequently Asked Questions Where can I buy bitcoin with a credit card anonymously? How can I buy bitcoin instantly? What are the fees to buy bitcoin with a credit card?
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