buy bitcoin with debit card

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 7 Ways to Buy Bitcoin with a Debit Card 

 Buying Bitcoin with a debit card has become relatively easy in the past few years with the introduction of anti-fraud systems for Bitcoin exchanges. However, these systems are quite expensive to operate and therefore exchanges will usually charge a premium for buying Bitcoin with a debit card.

Post summary

The fastest way to buy Bitcoin with a debit card would be through CEX.io. Here are the steps:

Visit CEX.io

Decide on a deposit amount

Complete the id verification process

Enter your Bitcoin address

Complete the payment with your debit cardIf you’re looking for additional options, here’s a complete list of exchanges that allow Bitcoin purchases with a debit card.

  If you want a summarized review of each exchange with its pros and cons, keep on reading. Here’s what I’ll cover:

Where Can I Buy Bitcoins with a Debit Card?

CEX.io

eToro

Coinmama

Coinbase

Bitpanda

Bitstamp

Coingate

Conclusion – Is it Safe to Buy Bitcoins with a Debit Card?

1. Where Can I Buy Bitcoins with a Debit Card? 

 Using your debit card to purchase Bitcoins hasn’t always been as easy as it sounds. Some exchanges are afraid of fraud and therefore don’t accept debit cards. However, many exchanges have started implementing services to detect fraud and are more open to credit and debit card purchases these days. As a rule of thumb, an exchange that accepts credit cards will also accept a debit card. If you’re not sure about a specific exchange, you can just Google its name + “payment methods” and you’ll usually land on a review covering what payment method this exchange accepts.

2. CEX.io 

Pros: Reputable company, high buying limits

Cons: Support sometimes slow, relatively high exchange rate 

 Cex.io supplies trading services and brokerage services (i.e. buying Bitcoins for you). If you’re just starting out, you may want to use the brokerage service and pay a higher fee. However, if you know your way around exchanges you can always just deposit money through your debit card and then buy Bitcoin on the company’s trading platform with a much lower fee.

Visit Cex.io     Read review

Buying Bitcoins with a debit card through CEX.io 

Visit CEX.io and sign up

Go to “Finance” -> “Deposit” (make sure to select your own currency)

Use your debit card to fund your account

If you want to use the easy but expensive brokerage service go to “buy/sell”

If you want to use the complex but cheap service go to “trade” and choose BTC/USD (or any other currency)

3. eToro 

 Pros: Suitable for beginners, great support 

 Cons: Limited countries available, long process to withdraw your coins 

 If you’re into Bitcoin (or any other cryptocurrency) just for price speculation, then the easiest and cheapest option to buy Bitcoins may be through eToro. eToro supplies a variety of crypto services such as a trading platform, cryptocurrency mobile wallet, an exchange and CFD products.

When you buy Bitcoins through eToro you’ll need to wait and go through several steps to withdraw them to your own wallet. So, if you’re looking to actually hold Bitcoins in your wallet for payment or just for a long term investment, this method may not be suited for you.

Visit eToro    Read review

 Important!

eToro disclaimer: This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd.), UK (eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in some EU countries and the UK, no EU or UK consumer protections & not supervised by the EU or UK regulatory framework. eToro USA LLC; Investments are subject to market risk, including the loss of principal.

 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

CFDs are not available to US customers.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection

4. Coinmama 

Pros: Good support, fast turnaround, respectable company 

Cons: Limited states supported in the US 

Coinmama supplies an easy way to buy Bitcoins with a debit card while charging a premium. The company has been around since 2013 and supplies a wide variety of cryptocurrencies aside from Bitcoin. Recently, the company has improved its customer support substantially and has one of the fastest turnarounds for buying Bitcoins in the industry.

Visit Coinmama     Read review

 Buying Bitcoins with a debit card through Coinmama

Visit Coinmama and choose the number of Bitcoins you want to buy

Sign up on the site and verify your identity

Get a Bitcoin wallet and an address (Coinmama does not hold Bitcoin for you)

Supply Coinmama with your Bitcoin address

Complete debit card information

Coins will be sent instantly

5. Coinbase

 Pros: User-friendly interface, Relatively low fees, Established reputation

 Cons: Support takes time to respond 

 Coinbase is a well-known Bitcoin broker that gives you the option to buy Bitcoins with a debit or credit card on their exchange.

Coinbase no longer has a clear fee structure for debit card purchases, but you can double-check what you’re being charged during the final steps of a conversion. Keep in mind you will need to upload a government-issued id in order to prove your identity before being able to buy the coins.

Visit Coinbase     Read review

   Buying Bitcoins with a debit card through Coinbase

Create a Coinbase account

Go to “settings” – “payment methods” and click “add payment method”

Add you debit card

 Confirm your debit card

Go to “buy/sell” and select the amount of Bitcoins you want to buy

6. Bitpanda 

 Pros: Low fees, intuitive interface, multiple payment options 

 Cons: Better suited for EU customers

Bitpanda was founded in October 2014 and it allows residents of the EU (and a handful of other countries) to buy Bitcoins, other cryptocurrencies, stocks and precious metals through a variety of payment methods (Neteller, Skrill, SEPA etc.). The daily limit for verified accounts is €2,500 (€300,000 monthly) for credit card purchases. For other payment options, the daily limit is  €10,000 (€300,000 monthly).

Visit Bitpanda     Read review

 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”

Choose the “Visa/Mastercard” payment method

   Enter the amount you wish to buy

Click on “Next step”

Confirm your order

7. Bitstamp

Pros: One of the oldest and most reputable exchanges around, good support 

 Cons: Not very user friendly, verification process can take a while 

 Bitstamp is a fully licensed Bitcoin exchange that has been around since 2011. The website provides mainly trading services, however they also have a brokerage option for buying Bitcoins directly with your debit card.

To finish your order you have to use 3D Secure. Some banks may consider your credit card deposit as a cash advance. If that is the case, your bank or debit card provider may charge extra fees. The exchange is open mostly to the US, EU and Asia, with a total of around 80 countries currently supported.

Visit Bitstamp     Read review

 Buying Bitcoins with a debit card through Bitstamp

Go to the Bitstamp deposit page and select “card purchase” from the side menu

Pick which cryptocurrency you want to buy

Choose a currency to pay with

Enter how much cryptocurrency you want to purchase

Enter your card details

Confirm the purchase

8. CoinGate

Pros: Non-custodial, friendly UI 

Cons: Intensive KYC, relatively high fees 

 CoinGate is a Lithuania-based crypto exchange and payments processor, which allows users to buy Bitcoins and other cryptocurrencies with their debit card or other payment options.

CoinGate offers a non-custodial service, which means that when making a purchase, users will receive the coins directly to their wallet. Card purchases incur a 5% fee, which is added on top of the standard “trader fee” of 3%. Most crypto purchases on CoinGate are fulfilled by Simplex or Paybis – two very well-known crypto payments processors.

 Visit Coingate    Read review

 Buying Bitcoins with a debit card through Coinbase

Visit CoinGate

Enter the amount of BTC you wish to buy + your BTC address

Enter your card details

Verify your identity

Submit payment

9. Conclusion – Is It Safe to Buy Bitcoins with a Debit Card? 

 As long as you’re using a trusted exchange, using your debit card to buy Bitcoins is perfectly safe. The main thing I would advise is not to keep the Bitcoins on the exchange after you buy them, but move them to your own Bitcoin wallet. Keep in mind that using your debit card may be convenient, but it’s also more expensive. If you’re buying a relatively large amount of coins and you have the option I suggest always using a bank transfer. However if the amount isn’t that big sometimes paying the extra 3%-5% is worth the time saved. If you have any questions or comments about the process, feel free to leave them in the comment section below.


 




 


 


 

 






   


 


 


 


 



 


 



 



 

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