How to Buy Bitcoin With Debit Card in 2021

Read on to find out the best crypto exchange platforms that will allow you to buy bitcoin using your debit card.
Author: Nica

Last Updated: January 5, 2021
How to buy bitcoin with debit card | Learnbonds
How to buy bitcoin with debit card | Learnbonds

Do you want to buy Bitcoin using your debit card?

The first thing you need to do is pick a suitable crypto exchange platform that accept debit cards as a payment method.

The most popular payment methods accepted by most brokerages include debit cards, credit cards, bank wire transfers (ACH), and PayPal. A debit card is the top payment method choice for many for the reason that it makes it easy to buy bitcoin anytime they want.

Check out our guide below to know some of the best cryptocurrency exchange platforms that you can use to buy bitcoin using a debit card.

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    How To Buy Bitcoin Using Debit Card in 3 Quick Steps

    Buying bitcoin is not rocket science, it is pretty straightforward. Our step-by-step tutorial below will help you know the whole process of buying bitcoin using a debit card.

    Step 1: Create an Account

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    Most exchanges will require a name, email, and password. Some will request government ID.

    Step 2: Select a Payment Method


    Select the method of payment; wire transfer, credit card, debit card, PayPal, Skrill or Payoneer.

    Step 3: Buy Bitcoin

    Buying Bitcoin Online

    Fill out payment information. Click on the “Buy” button. You will receive your Bitcoin after a few minutes.

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    Where To Buy Bitcoin Using Debit Card

    1. eToro - Best Bitcoin Exchange & Wallet for 2021

    eToro is a Cyprus-based brokerage company founded in 2007. Thanks to it its social trading and copy trading platform, it has attracted more than 10 million users around the world.

    Aside from debit cards, it also accepts deposits via VISA, MasterCard, and Maestro credit cards as well as wire transfer, PayPal, Skrill, and Neteller.

    eToro distinguishes itself from other crypto exchanges through its unique proprietary trading technology that allows for social and copy trading. The copy trading feature permits its users to access and copy the exact trades made by the platform’s best traders.

    If you are a new trader, you can benefit from this feature. However, you should be careful when copying the trades of other traders and make sure to do your own research before blindly following all of their trades to minimize the risks of losing your hard-earned money.

    With a wide range of charting tools, indicators, drawing tools, free webinars, trading tutorials, and many more, eToro is undoubtedly one of the most recommended platforms for new traders.

    The eToro account setup is also straightforward and the opening fee is affordable. In case you encounter any issues, you can get assistance from its customer support team that is available 24/7.

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    2. Coinmama - Best Bitcoin Exchange for Instant Delivery

    Coinmama is an Israel broker platform that launched in 2013. It caters to the cryptocurrency needs of many cryptocurrency traders in the US and Europe.

    It allows the purchase of all cryptocurrencies such as Bitcoin using debit and credit cards alike. Coinmama is a proven platform that charges fairly steep prices of at least 5% of the transaction, but only a few brokers like Coinbase (3.99%) have a better rate.

    Its users can enjoy trading cryptocurrencies like Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin. The platform also allows them to trade in 5 different currencies namely USD, EUR, GBP, CAD, and AUD.

    The cryptocurrency platform boasts a highly secure and robust platform that can instantly deliver BTC to your bitcoin wallet.

    our rating

    • Available worldwide
    • High buying limits and quick transactions
    • Great customer service
    • High fees
    • Mandatory KYC requirement

    3. Coinbase - Best Bitcoin Exchange for Low Rates

    Coinbase is a San Francisco-based company. It has over 30 million users and is usually regarded as the largest bitcoin exchange in the world. Aside from debit cards, it also accepts credit cards and bank transfers.

    Coinbase charges 3.39% for debit card purchases, which is one of the lowest in the cryptocurrency market. The rate is lower if you opt to sign up for Coinbase Pro. The deposit time is almost instant if you use a debit card to buy BTC.

    Coinbase supports trading using currencies like USD, EUR, CAD, and GBP. It also offers brokerage services in the United States, United Kingdom, Canada, Singapore and Europe.

    With its user-friendly crypto exchange platform, a highly secured crypto wallet, and an API for developers, Coinbase is one of the best crypto exchanges that you should check out today.

    our rating

    • High liquidity and buying limits
    • User-friendly interface
    • New users can easily buy crypto
    • Slow bank transfers

    How To Buy Bitcoin on eToro Using Debit Card in 2021

    eToro has a user-friendly interface, so even beginners will find it very easy to use. Check out below our detailed guide on how you can buy Bitcoin on eToro using your debit card.

    Step 1: Create your eToro account.

    How to Buy Bitcoin with debit card on eToro | Learnbonds

    Visit eToro’s official website or get the eToro trading app for your mobile phone. Click the “Join Now” button at the top right corner of the website. It will take you to the page where you need to input your personal details such as your name, email, and password.

    Click on the “Create Account” button to finish the account creation process.

    Step 2: Verify your account.

    How to Buy Bitcoin with Debit card on eTor | Learnbonds

    The next step is to go through an account verification procedure. This is where the need for a government-issued ID such as your driving license or password comes in. You’ll also need to submit a proof of address such as your phone bill or electricity bill.

    Step 3: Deposit funds.

    How to Buy Bitcoin with Debit Card on eToro | Learnbonds

    After verifying your account, you can fund your account by following the steps below:

    • Login to your account using your email and password
    • Click on “Deposit Funds”
    • Input the amount you want to deposit
    • Select the debit card option

    Your first deposit should be $200 or more. After the first deposit, you can deposit funds as low as $50.

    Step 4: Buy BTC.

    How to Buy Bitcoin...

    Now that you have successfully deposited funds in your account, the next thing will be to proceed with the buying of your desired cryptocurrency.

    There are four empty fields you need to fill out on the buy BTC page.

    • Units: This pertains to the amount of BTC you want to purchase.
    • Stop loss: This button displays how much you are willing to lose. The stop loss accepted by eToro is a minimum of 25%.
    • Leverage: This allows you to trade without making payment for the total deposit. For example, if you want to buy 1.2 bitcoin but you only have 1 bitcoin, then the leverage option will allow you to borrow an extra 0.2 bitcoin.
    • Take profit: This indicates the amount at which you want the price to be closed. This means that the position will be closed if bitcoin goes higher than this amount.

    Once you have checked that all values are correct, you can finally buy bitcoin by clicking the “Trade” button. The BTC you buy will go to your eToro bitcoin wallet. You can also transfer this to your offline BTC wallet if you want.

    Can I Buy Bitcoin with Debit Card with No ID?

    One of the simplest ways to buy bitcoin is through a debit card. This is because you can buy any cryptocurrency irrespective of where you live. However, as authorities around the world are gradually introducing tighter regulations, it is becoming difficult to buy cryptocurrencies without verifying your ID. Nonetheless, if you value your privacy or don’t have suitable proof of ID, there are specific sites that can allow you to buy bitcoins without going through a verification process.

    Below are the best sites to buy bitcoins while staying completely anonymous.

    • Switchere – This is a secure and reliable exchange site that offers a seamless experience for purchasing cryptocurrencies with a debit card. However, cards from countries such as the USA, Canada, China, and the UAE are not accepted. The good part here is that there is no verification process involved.
    • LocalBitcoins – This is a decentralized exchange site where users trade in-person. All you need to do is create an account and start searching for bitcoin sellers. The site allows numerous payment methods, including debit cards.

    Can I Buy Bitcoin with Debit Card Instantly?

    The debit card is one of the most popular and convenient ways to buy bitcoins. However, this convenience comes at a cost since most exchange sites will charge you around 4%. If the delivery speed is not a major issue, you can use the bank transfer method to save some money.

    Here are the best exchange sites that will allow you to buy bitcoins instantly.

    • Coinbase – This is one of the most reputable cryptocurrency exchange platforms in the world. Since its establishment in 2012, it has made it simple for everyone to buy bitcoins. The process of purchasing bitcoins is very quick. You only need to create an account and link your debit card to buy BTC.
    • Coinmama – This is a good site to buy bitcoins instantly. Go to the Buy BTC page and enter the BTC amount you would like to purchase. If you have already linked your debit card, you can just click the Buy button and enter your bitcoin wallet address to complete the transaction.

    Should I Buy Bitcoin?

    Bitcoin is finite

    Fiat currencies such as USD, EUR, and GBP are printed from time to time, and as more money is pumped into the circulation, these fiat currencies tend to lose their value.

    The total number of bitcoins in the world will be 21 million only, and the present bitcoin in circulation is estimated at around 18 million.

    Bitcoin is finite – demand for bitcoin is growing but the supply is scarce. The best that can happen to bitcoin is for it to continue appreciating. The future of BTC is promising, and no one knows the depth of opportunities that lie ahead.

    BTC is the digital gold

    Bitcoin is often called digital gold. This is not due to the fact that both are being mined, but because bitcoin is also comparable to gold in terms of its suggested value.

    Bitcoin Predictions for 2021

    Bitcoin’s price is highly volatile – its price has been increasing for most of the years since it started in 2009. 1 BTC was sold for less than $0.01 in 2009 and Bitcoin reached its highest price in 2017 when 1 BTC was priced at almost $20,000.

    However, in March 2020, its price was under $4,300 for a couple of minutes then bounced back to around $5,400 after a couple of hours.

    Even though bitcoin’s price is still isn’t above $7,000, some bitcoin analysts are still expecting it to retest its $14,000 support point this year. A few of them even stated that there is a possibility that it can go beyond its all-time high of almost $20,000 by the end of 2020 or early 2021.


    If you are now ready to buy bitcoin, make sure to check out one of the most recommend crypto exchange trading platforms mentioned above. Aside from debit cards, they will also allow you to deposit funds using other payment methods such as wire transfer, Skrill, and PayPal.

    What are you waiting for? Buy BTC now and start trading!

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    Aside from debit cards, what other payment methods can I use to buy bitcoin?

    Many exchange platforms will also allow you to deposit funds via credit card, wire transfer and PayPal.

    Is a bitcoin wallet the same thing as a crypto exchange platform?

    No, the two are different. A bitcoin wallet is used for the storage of bitcoin while a bitcoin exchange is a platform mainly used for buying bitcoin. Your bitcoin wallet is comparable to your bank account while the crypto exchange is like the bank itself. Platforms like eToro offer its users a bitcoin exchange wallet as well as a bitcoin trading platform.

    Can a bitcoin purchase be made without having a digital or offline bitcoin wallet?

    Yes, you can buy bitcoin without having a digital or offline bitcoin wallet beforehand. You can use the bitcoin exchange wallet address that many crypto exchanges offer to its users.

    See Our Full Range Of Cryptocurrency Resources – Cryptocurrency A-Z

    Cryptocurrency A-Z
    Users should remember that all trading carries risks and users should only invest in regulated firms. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.

    Nica specializes in financial technology and cryptocurrency. At her young age, she was already able to work with a Y Combinator-backed startup and another startup founded by Harvard graduates.

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    eToro: Buy Bitcoin with 0% Commission

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    eToro: Buy Bitcoin with 0% Commission

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

    eToro: Buy Bitcoin with 0% Commission
    Visit eToro

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