Bitcoin

Secure Ways to Buy Bitcoin With a Debit Card

Cryptocurrencies are becoming popular these days, and Bitcoin is still dominating over 50% of the crypto market.

There are many cryptocurrency platforms offers different methods to buy Bitcoin, but only a few exchanges allow their customers to use Debit or Credit cards to buy Bitcoins.

Because, there are many risks involved in card transaction like theft, hacking, but now exchanges use anti-fraud systems to tackle these problems. However, these systems are quite expensive to operate, that’s why they charge more fee for Card transactions.

In this post, I am sharing those few platforms that allow you to buy Bitcoin with Debit card.

1. Coinbase.

coinbase website.

Coinbase is a US-based famous and trustworthy cryptocurrency exchange, operating since 2012.

They allow their customers to buy Bitcoin and other cryptocurrencies via Visa or Mastercard debit cards.

If you want to buy bitcoin from Coinbase then, you have to follow certain steps but remember these steps varies from country to country.

#1 First, make an account in Coinbase by giving your Name and E-mail details.

#2 Then, update your account by giving photo ID verification.

#3 After that visit payment methods page then, click on ‘Add Payment Method’ and select Credit/Debit card.

#4 Now enter your card information and make sure that the address must match the billing address for the card.

#5 Next Coinbase will make two small transactions to verify your card, enter those amount into the Coinbase app now you’ll see a window that says “Credit/Debit Card Added’ and a ‘Buy Digital Currency’ button, that’s it now you’ill allow to make an purchase using your debit/credit cards in Coinbase.

But remember above steps can be vary for different countries, also they include 3.99% fee if you buy crypto using debit/credit card, and debit/credit card option only available for US, UK, Europe, Canada, Australia, and Singapore customers if you’re not a resident in these countries then you’re not eligible to make a purchase crypto using debit card.

Signup to Coinbase now.

2. Coinmama.

coinmama website.

Coinmama is an Israel based cryptocurrency brokerage service company operating since 2013.

At the time of writing this post, they served more than 16 million people across 190 countries.

Coinmama is a brokerage firm that means they do not provide any wallet facility to store Bitcoin as Coinbase does, you have to use any 3rd party wallet providers to receive Bitcoin from Coinmama.

They allow only Visa and Mastercard debit cards to buy Bitcoins.

It is very easy to Buy bitcoin from Coinmama.

#1 Fill Signup form by giving your name, e-mail, and creating a strong password.

#2 Now you’ll receive a confirmation e-mail from them, after confirmation they ask you to fill out your details like date of birth, address.

#3 At last, you have to provide an ID document with a photo.

Now you’re successfully registered your account to purchase Bitcoin in Coinmama.

#1 Click on the Buy button, and you can either choose one of the packages or put in a specific amount.

#2 Once you decided, click on the Buy now button and enter your wallet address you want the bitcoins sent to.

entering wallet to coinmama.

#3 Now chose Debit/Credit card option from the payment method page, and fill out the card details at last click on Paynow, that’s it you receive requested Bitcoins to your wallet.

entering card details to coinmama.

Before making any purchases in Coinmama you should know that they only accept USD, EUR, GBP, AUD, and CAD fiat payments, and they charge additional 5% processing fee on the Debit/Credit card transactions.

Join Coinmama.

3. CEX.IO.

CEX.IO website.

CEX.IO is former cloud mining provider based in London, they started operating in 2013 as Gash.io, but in 2015 they shut down mining services and changed the name as CEX.io and began to offer crypto exchange service.

Now CEX.IO is offering both crypto trading and brokerage services.

They only accept Visa and Mastercards for purchasing Bitcoin.

#1 To buy Bitcoin from CEX.IO, you have to signup by giving your name, e-mail and creating a password.

#2 Then, you have to verify your e-mail and submit your ID documents, now you can buy Bitcoin, but before buying, link your card to CEX.IO instruction given in below video.

It can take up to 48-hours for a card to link to your account.

There fees structure look like:

Fee schedule CEX.io

As in mention above this platform is a combination of both exchange and brokerage, you have an option to add 3rd party wallet address.

Go to CEX.IO to buy Bitcoin now.

4. Bitpanda.

Bitpanda website.

Bitpanda is a brokerage service provider based in Vienna, Austria the company was founded in 2014.

They only allow Europe customers to Buy cryptocurrencies via Visa and Mastercard debit/credit cards.

Bitpanda is known for speed and low fees.

The signup process is as similar to other brokerage platforms.

#1 Give your name, e-mail, and create a strong password.

#2 You have to provide an ID verification details this verification process also consists of a video identification procedure. This is done by their partner companies.

#3 Chose crypto you want to buy and select the option Visa/Mastercard.

#4 Enter the amount you wish to buy, at last click on next step and confirm your order.

Before placing any buying order, you have to know their withdrawal limitation:

Bitpanda withdrawal limits.

However, you can trade on Bitpanda using their Bitpanda Pro service. This service gives you access to their OTC service where one can trade currencies at higher volumes (above €1 Million).

They charge fees of 1.49% for buying cryptocurrencies on any method.

Create an account in Bitpanda now.

Conclusion.

These are the trustworthy platform which allows Debit card payments to buy Bitcoin.

Also, many other platforms who accept debit card payments, I am not going to include all of those into this list because I used 3 platforms in this list to buy Bitcoin with my debit card.

Frankly speaking I have never used Bitpanda to buy Bitcoins because I don’t leave in Europ, but I heard experience of Bitpanda by my friend who leaves in Europe, that’s why I included Bitpand to this list, also these 4 platforms not have any hacking or bad history that is why you can trust them, however I’ll recommend you to try it on yourself.

I will keep updating this exclusive list of sites that allow purchasing bitcoins using a credit & debit card. For now, it’s your turn to recommend any site that accepts credit or debit card as a payment method for bitcoins. Do let us know in the comments section below.

If you already purchased Bitcoins from these platforms mention your experience in the comment.

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Do Share This Useful Info With Your Family and Friends.